Mintos Review

After 24 months and more than €10.000 invested.

Last Update:

Due to the recent events caused by the COVID-19 outbreak, Mintos had to cut costs to protect its business. From the 25th of March 2020, ther is no more cashback bonus for new investors. Currently Mintos increased the interest rates for newly added loans. Now you can earn up to 16% interest per annum. Read more about my experiences in this Mintos review.

Average Interest 11.88%
60 Days Buyback Guarantee
High Liquidity
Invest from €10

If you are tired of low-interest savings accounts and are looking for interesting alternatives that can increase your investment by at least 10% per year, Mintos might be a good option for you.

The Mintos marketplace is an Estonian P2P platform that connects investors that want to invest money with loan originators that want to finance their loans.

You are eligible to invest on Mintos if you are over 18 years old and reside in any country but the UK. UK investors aren’t currently allowed to invest on Mintos. You also have to have a European Bank account. I use the N26 account to transfer funds to Mintos, but you can also use TransferWise or Revolut.

You can start investing from only €10. Your investment is secured by a buyback guarantee, meaning the loan originator will repurchase your claim against the borrower in case the borrower’s payment is delayed for more than 60 days.

Depending on your investment strategy on Mintos, you have the option to withdraw up to 80% of your funds within a few minutes.


Is investing on Mintos safe?

Many people keep asking me “how safe is Mintos?”

Here are a few things you should know about the protection of your investment.

  1. Mintos has its own underwriting policies when listing loan originators on their platform, meaning each loan company is carefully evaluated before allowed to list their loans on Mintos.
  2. Furthermore, the loan originator evaluates each loan application based on different metrics such as credit score, borrowers’ income, etc. Each loan originator invests its own money (mostly between 5%-10%) in the loans of their borrowers. This is also called “Skin in the game” and it ensures that the loan originator is interested in retrieving the debt if the borrower fails to pay back on time.
  3. Mintos is the leading P2P platform with the broadest diversification options. Diversification is the best way to lower your risks for your P2P investment. As mentioned earlier, your money is also protected by the Mintos buyback guarantee. The Mintos marketplace allows you to not only invest in loans in continental Europe but also in Africa, Middle-East or Asia.

You should be, however, aware that most of the loans on Mintos aren’t backed by any real securities such as collateral or mortgage.

When reviewing any European P2P lending platforms you should always have a look at the platform’s statistics. Statistics will always give you an idea about the P2P platform’s performance as well as its growth.

Mintos Statistics
Operating since: 2015
Investor’s earnings: + €60 M
Total loan value: + €3 B
Amount of investors: +213.000

As you can clearly see, Mintos is the leader in Peer to Peer lending in Europe with the largest amount of investors by far. The Mintos marketplace funded loans worth more than 3 billion euro.

For more details and financial KPIs, refer to the Mintos annual financial report.

Let’s have a look at the reasons why you should invest on Mintos as well as some issues that you should be aware of.


  • Secondary Market for early withdrawals
  • Mintos Invest and Access for higher liquidity
  • Mintos Rating for more insights about Loan Originators
  • Sign up Cashback 0.5% during first 30 days


  • Temporary Cash Drag due to insufficient loans
  • Not suitable for long-term investments
  • Some Loan Originators don’t pay interest for delayed loans
  • Auto Invest isn’t working when the demand for loans is higher then the supply

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Mintos Diversification

For a long period, Mintos was by far the best P2P lending platform in my portfolio when it came to diversification options.

Recent shortages of loans, however, made many functions such as the Mintos Auto Invest quite useless.

Having the option to diversify your portfolio is great if there are enough investments that suit your criteria. Due to the popularity of Mintos, the platform can’t always keep up with the supply of loans.

The P2P site currently offers the following diversification options:

€10 minimum investment amount
8 loan types
23 countries
69 loan originators
12 currencies
Loan period from 1 to 80 months
Interest from 5% – 14%
Buyback Guarantee

Mintos is always aiming to improve its investment tools. The latest features Invest & Access allows you to diversify your portfolio in less than a minute. It only takes three clicks.

The best part about it is, that you access at least 80% of your money instantly. The tool is great for investors who don’t want to spend time setting-up their custom Mintos Auto Invest Strategy.

There are however a few drawbacks with the automated strategies. New features have often a higher priority over your custom strategy, which doesn’t leave many loans left, that fit your criteria.

This, as well as the big demand for investing opportunities (high amount of investors), often result in loan shortages.

Investors call this cash drag – your money is sitting on the account without being invested. This issue occurs with many P2P lending platforms and you can’t fully avoid it.

Here are a few tips that help you overcome cash drag.

Another negative side effect, caused by the popularity of Mintos is that as soon as the demand for loans is higher than the supply, the interest for new loans will be lowered.

Mintos Risk & Returns

You can expect to earn more than 10% per year on your invested amount. The expected profit you will see in your dashboard is a dynamic value that is changing frequently as you automatically reinvest your profits.

If you decide to use the Mintos Auto Invest (there is no reason to not use it), you can set-up so the Auto Invest funds loans with higher interest only.

Other strategies such as the Invest & Access tool promise to get you on average an interest of 12% per year.

When looking at the risks, that we have discussed at the beginning of this review, most investors are content with the average return of 12% per year.

I myself manage to earn only around 11% per year at the moment. This obviously depends on the type of loans investors are investing in.

As for myself, I don’t fund loans from loan originators that had a lower rating as B.

Overall the ratio between risk and returns is quite good if we compare it to other investment opportunities on the market.

As mentioned before, Mintos isn’t the best platform for long-term investments, as the loan originator can simply pay back your investment anytime and list it on the platform for lower interest (this is caused when the demand for loans increases). The idea of investing in loans for longer periods is to secure a fixed rate. That isn’t the case with Mintos. For long-term investments I use EstateGuru.

Mintos Functionality

Having a user-friendly P2P site is the key to keep investors happy. Mintos is easily the most innovative platform in the European market. Many other platforms try to copy some of the features of Mintos if they prove to be valuable.

Here are some of the features that you won’t find on many other platforms.

1. Mintos ratings

Mintos ratings represent the loan originators' risk profile. You can use this information when setting-up your Auto Invest settings.

2. Secondary market

Most of the investors invest on Mintos through the primary market. The secondary market allows you to sell your investments before the end of the loan period. This way you can access your funds within a few minutes.

3. Statistics

The Mintos statistics are the most valuable statistics within European P2P platforms. It’s the perfect place to get an idea about the past performance of Mintos.

4. Currency Conversion

Mintos allows you to exchange currencies or invest in foreign currencies. There are no hidden fees and you can see right away how much money you get.

5. Auto Invest

The Mintos Auto Invest strategies are the most developed automated investment tools on the market.

6. Fastest money transfer

Transferring funds to any other P2P platform takes hours or days. On Mintos it only takes a few minutes.

Beeing the innovator on the market means that you need to test a lot of the features, which may cause that some of the tools will not function perfectly. That’s a disadvantage, you won’t be informed about in most of the Mintos reviews out there.


Mintos Support

A Mintos review without mentioning their customer support wouldn’t be a complete Mintos review. The P2P site offers the best customer support within European P2P platforms. The response time is by far the fastest. During working hours you can chat with an employee at Mintos within seconds.

I have used their support when I had questions about my Auto Invest settings or new features. The response was always to the point. Mintos will always take time to answer your questions. It won’t simply refer you to their FAQ or blog posts.

My Mintos portfolio

I signed up on Mintos in July 2017 and transferred my first € 100 to test the platform. As soon as I gained trust with Mintos and became familiar with the platform, I regularly transferred more funds to Mintos.

Since then, I build up a P2P lending portfolio worth € 10.294. The total profit from interest until now equals €1.152. The expected net annual return is currently at 10.35% which is below the historical average of 12.16%.

My Mintos portfolio is automated via Mintos Auto Invest, a function that allows you to automate your investment strategy so you don’t have to spend your time and invest manually.

Mintos portfolio

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Mintos Review Summary

This Mintos review should not convince you to invest all your savings in Mintos, but rather share my experience with this European P2P lending platform.

Mintos remains one of my favorite alternative finance investment platforms, mainly due to the fact that I can diversify my investment across several countries and various loan originators.

My annual return in the last two years has been always above 10% and I haven’t had any defaults (no loss). In fact, the default rate on Mintos is less than 0.01%.

Although I can not predict that this will be the case also in the future. As for now, there are no signals that the annual returns from Mintos should decrease anytime soon. Mintos offers a great opportunity to invest your money without speculating on stock prices.

However, I wouldn’t put all my eggs into the same basket. There are always external risks that can not be influenced by the investor’s decisions. Remember to always diversify your investments to minimize the risk of default.

Did you know that the worth of the money in your bank account decreases in value every year due to inflation?

Investing money that you don’t need in the near future can help you create a sustainable passive income stream. Let the money work for you as I do and start investing with Mintos right now. Who knows, maybe at someday you will become a P2P Millionaire.

Sign up now

Sign up on Mintos through this link and get 0.5% cashback with the Mintos Promo Code from your average daily balance within the first 30 days after registration.

This means that if you sign up on Mintos and invest € 1.000 you will receive a €5 bonus.


  1. Harry crumbbum September 23, 2019 at 8:10 am


    I was excited to try so signed up and sent €100 to them. When I went to invest I could not as they gave pulled the plug on UK citizens. Must be this Brexit bullshit. They say they are sorting something out for UK citizens but give no time frame.

    1. Jakub September 23, 2019 at 11:23 am

      sorry to hear that Harry.. yeah they put the registration for UK residents on hold, have you tried EstateGuru yet? They allow residents from the UK to sign up. You can also read more about suitable P2P lending platforms for UK residents here:

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