Bondster review shows that Bondster is a Czech FinTech start-up that offers investments in loans. Bondster connects providers of loans with retail investors. Investors (individual or companies) may invest their free funds into loans already provided by different providers.
Bondster loans are offered with a Buyback Guarantee (in case the debtor does not repay the loan, the provider has to buy it back from the investor) which minimizes the risk for investors. On Bondster investors can earn more than 11 % on Euro investments in average.
Key facts about Bondster
Estimated annual returns: Up to 11%
Loan security: Collateral
Provision fund: No
Buyback guarantees: Yes
Registered investors: 6100+ in May 2019
Minimal investment: 5 EUR
Time to become invested: Almost instantly
Time needed managing: Low
Regulation: Operating under the laws of Czech Republic
Country of operation: Czech Republic
Defaulted loans: N/A
Borrowers verification: By the loan originators
Accepted currencies: EUR
Accepts investors from: EU
Bondster Review: Pros and Cons
– Investment policy can be tailored to purchase whole loans based on pre-defined criteria or invest into fractional loans across the market
– Fast ID verification and time to become money invested (in my example one day)
– BuyBack guarantee
– Interest rates up to 12%
– No info about defaulted loans
Mintos, EstateGuru, Twino, Viainvest, Bondora, Ekassa, PeerBerry
Bondster review: What I have experienced so far
The average return on Euro investment is now 11,49 %, on Czech investment it is a bit less around 9,32 %. The platform is fully owned by the Czech investment company CEP Invest Private Equity. Bondster has 10 members with a professional background in banking, IT, portfolio and project management, and customer care.
To open account at Bondster takes only a few minutes. You just fill the data and afterwards you can get access to the investment dashboard. The platform allows to invest into loans from Czech Republic and as well to loans originated by their partners in Russia, Bulgaria and Poland. Loans are secured by real estate or other property, or covered by the loan provider’s buyback guarantee. Investors can earn up to 15% annual returns with BuyBack Guarantee. So far more than 6100 investors trust this platform. There is no fee in EUR investments, however investors have to pay 1 % annually fee from invested amount if they choose to invest in CZK. This not a common practice for a P2P platform as most the competitors do not charge with any fees from the investors.
Bondster looks like a solid platform with a track record in consumer loans financing. However, the competition in P2P market is growing very fast as there are dozens of the platforms competing for the same investors to join their P2P marketplaces and offer almost the same returns. Let’s see how many international investors will join Bondster in the near future.