If you’re looking for an alternative to investing in the traditional markets and you’ve been exploring P2P lending sites in Europe, you may not be sure which ones are right for you. In this review of the best P2P lending sites in Europe, we’re going to take a look at all of the top platforms. We’ll review each one and provide a brief overview to help you find out which investment platforms may be right for you.
P2P lending has a long history in Europe. One of the first online P2P lending companies was called ZOPA. It was founded in the United Kingdom in 2004. It first officially launched in 2005. However, there were not that many P2P lending platforms until later in the 2000s.
After the global financial crisis of 2007-2008, many investors in Europe found themselves looking for alternative ways to make their money work for them. Also, the cost of developing online platforms was declining. This led to a surge in the total number of P2P lending sites in Europe. As of the writing of this article, there are 80+ total lending platforms in Europe and the United Kingdom.
With so many P2P lending platforms, how can you know which ones are legitimate and provide you with a safe place to invest your money? That’s where we come in!
We’ve taken a look at some of the top P2P lending platforms in Europe. Then, we’ve ranked them on this list based on four factors.
- Return on investment: The overall returns you can expect when investing
- Loan diversification: The variety of different loans available on a particular investing platform
- Features: Unique functions like auto investing, buyback guarantees and secondary loan markets
- User experience: Overall ease of use when depositing/withdrawing money and investing, quality of design, etc.
Ready to learn more? Want to start investing with one of the best P2P lending platforms in Europe? Let’s get into it.
Mintos is our top overall pick for the best P2P lending platform in Europe. It’s the largest and most reputable P2P lending platform out there. If you can pick only one of these platforms, it should be Mintos.
Mintos was founded in Latvia in 2015 and has quickly grown since then. Today, it has more than 163,460 investors who have invested more than €2,884,073,202. On average, investors make a return of about 12.20% per year. It offers a wide variety of loans including business loans, receivables loans, car loans, pawnbroking and much more. It accepts investors from all around the world – from Europe to the United States, Russia, Taiwan, Switzerland and more.
The two best things about Mintos are its excellent 12.2% return rate and its diversity of loans. It has loans from more than 65 lending companies from 30 countries, making it easy to diversify. On the negative side, not every loan has a buyback guarantee. Also, there are so many loans that starting to invest with Mintos can be somewhat intimidating for new investors.
2. FAST INVEST
FAST INVEST is based in the UK and was first founded in 2015, so it’s been around for about 4 years. Since then, it has invested more than £40,800,000 from 30,000 investors into its loans, which offer returns rates of between 9-16%. The average annual return rate is 14.30%, which is quite high.
FAST INVEST focuses exclusively on consumer loans, which offer high returns but slightly higher risk. It has advanced features like an autoinvest feature which lets you put your investments on autopilot. It also has a buyback guarantee for defaulted loans. However, it lacks a secondary market, so you cannot get rid of loans early if you don’t want them.
The two best things about FAST INVEST are its easy-to-use platform and its low minimum investment. It’s truly a pleasure to use the site, which is simple enough for beginner investors. You can get started with an investment of just £1. On the negative side, it’s unfortunate that there is no secondary market. Also, it lacks loan diversity compared to some other competitors like Mintos.
Viventor was first founded in Latvia in 2015. Since it has launched, it has attracted a total of more than 5,597 investors. They have poured more than €93,378,363 into the platform. This makes it one of the larger P2P lending platforms in Europe.
It’s open to investors in the European Economic Region (EEA). In total, Viventor works with 21 loan originators to offer a diverse selection of loans including car, business, consumer, real estate, and receivable loans. Its loan returns are great, with the typical loan carrying an interest rate of 6-16%.
You can start investing with just €10, and Viventor has useful features like an autoinvest tool, as well as a secondary market where you can buy and resell loans. Also, Viventor offers a buyback guarantee on its loans to protect your investment.
The two best things about Viventor are its high returns, and its simplified, easy-to-use platform. It’s really easy to get started with this investment platform. However, it’s not all perfect. The buyback guarantee ranges from 60-90 days after default, which is quite long, and the sheer volume of data provided with each loan may intimidate new investors.
Grupeer is another one of the top P2P lending platforms in Europe. It was founded in Latvia in 2016. Despite how new it is, it has already attracted more than €51 million in investments from more than 13,000 investors. Thanks to its easy-to-use platform and loan diversity, it’s one of our top picks.
Grupeer only offers business loans but works with 14 different loan originators in several different countries to offer diverse loans. It offers returns of between 10-16%, with the average return rate hovering around 13.45%, which is very high. It has great features, too, such as an autoinvest feature for hands-off investing, and a buyback guarantee which protects you if a borrower does not repay your loan. However, it lacks a secondary market where you can buy and resell loans.
The two best things about Grupeer are its great returns and the huge diversity of business loans available on the platform. However, it’s disappointing that it lacks a secondary market, and it would be nice if it provided more than just business loans.
VIAINVEST was founded in Latvia in 2016, and it’s open to all residents of Europe and Switzerland. Since it began, it has attracted more than €91 million in loans from 11,529 investors.
Primarily, VIAINVEST focuses on providing short-term consumer loans. These loans are somewhat risky. However, they offer great returns ranging from 10%-12%. The average annual return hovers around 10.80%. It offers loans from several different countries including Latvia, Spain, the Czech Republic, Poland, and Sweden.
You can start investing with VIAINVEST with just €10, and it has advanced features like an autoinvest tool, as well as a secondary market where you can buy and resell loans. Most of its loans are also protected by a buyback guarantee.
The best things about VIAINVEST are its consistent returns and extremely simple, easy-to-use platform. As far as drawbacks go, it seems that most of its new loans are capped at 11%, which is lower than in the past. Also, many of its loans are not secured by a buyback guarantee.
EstateGuru is primarily focused on real estate loans, and it was first founded in Estonia in 2013. Since then, it has grown dramatically, with its total loans funded reaching €131,503,676 from 26,994 investors. It’s open to investors in the EEA and Switzerland.
Unlike some other picks on this list, EstateGuru only provides real estate loans that are backed by property. This reduces investment risk. Correspondingly, its returns are somewhat lower but still great. It offers between 8%-13% on most loans, with an average return rate of 12.16%.
As far as features go, EstateGuru doesn’t disappoint. It’s easy to use and offers a simple autoinvest tool which lets you quickly purchase loans to add to your portfolio. It lacks a secondary market, though. There also is no buyback guarantee for any of its loans.
The best things about EstateGuru are that it invests only in property-backed loans and that you can get loans from multiple countries to diversify your portfolio. However, it has a relatively high initial investment of €50. Also, the lack of a secondary market means you can’t resell loans you don’t want.
PeerBerry was founded in Latvia in 2015. It’s open to investors from all across the EU. Since it first began it has attracted more than 8,000 investors. Its investors have provided more than €46,758,490 in loans.
PeerBerry focuses exclusively on consumer and business loans and offers typical returns of about 10%-13%. The average annual return rate for PeerBerry is 11.42%. Uniquely, PeerBerry has a loyalty system where regular investors can earn an extra reward of up to 1% on their investment.
It’s easy to diversify your loans with PeerBerry, and it has a simple autoinvest feature which lets you invest automatically into loans of your choice. There is no secondary market, but your investments are protected by a 60-day buyback guarantee, which will pay back your full investment plus interest. You can start investing with just €10.
The two best things about PeerBerry are its unique investing loyalty program and its simplified, easy-to-use interface. As far as drawbacks go, the platform’s buyback guarantee has a long waiting period. Also, it’s a bit lacking in geographical diversity, with the most available loans issued in Kazakhstan.
SAVY was first founded in 2014. Located in Lithuania, this P2P lending platform has grown quickly, and it now has 24,316+ investors who have contributed more than €21,577,471 in loans. SAVY offers both consumer and business loans, and it offers very high return rates ranging from 8-25% or more. This depends on the credit profile of the borrower.
One of the best features of SAVY is that it has a built-in credit rating system which makes it easy to understand the credit profile of a prospective borrower and mitigate your risk. It also has features like an autoinvest function. It also has a secondary market where you can buy and resell loans, and a buyback guarantee for defaulted loans. Investors can get started with a minimum investment of €10. It’s easy to sign up and start investing right away.
The biggest advantage of SAVY is that it provides you with really high returns, and makes it easy for you to pick and choose the loans in which you would like to invest. However, much of the debt SAVY has is relatively risky, and it mostly only offers short-term loans, so it’s not perfect for those who prefer long-term investments.
Crowdestate was founded in Estonia in 2014, and it’s open to investors from all over the world, with a global presence. It offers business loans, mortgages and real estate loans. This provides investors with plenty of diversity. Since it launched, it’s attracted 34,919 investors, and provided a staggering €751 million in loans.
Its interest rates start at 7%, and there are many loans with much higher returns. The average rate of annual return is 17.84%. This is very high. However, you will likely not find such high returns on most real estate or mortgage loans. Mostly, business loans carry these kinds of high rates.
Crowdestate has no buyback guarantee, but most of its loans are backed by property which can be sold to cover the costs of loan default. It has a secondary market where you can buy and resell loans, and an automatic investment tool.
The two best things about Crowdestate are its diverse selection of loans and the fact that most loans are backed with real estate. On the downside, though, it has a high €100 minimum investment. It also lacks a buyback guarantee. This exposes you to more risk.
Bondora is based in Estonia, and it was founded in 2007. This makes it one of the oldest services on this list of the best P2P lending platforms in Europe.
It has attracted more than 72,061 investors since it was founded. More than €245 million in loans have been issued by this platform. It’s open to investors in the EU, Switzerland, the US, Australia, Mexico as well as several other countries.
Bondora focuses on consumer loans in Finland, Spain, and Estonia. Return rates varying from 9.56%-17.56%. The average return rate is 10.70%. Bondora lets you pick your loans using an easy-to-understand interface. Alternatively, you can use several different automatic investment accounts to start investing automatically.
There is no buyback guarantee at Bondora. However, it does have a secondary market where you can buy and resell loans, which helps maximize your loan liquidity.
The two best things about Bondora are its high returns and simple, customizable automatic investment accounts. The two worst things are the lack of any kind of buyback guarantee and its relative lack of loan diversity.
11. Do Finance
Do Finance was first founded in 2017 in Latvia. It has gotten quite a bit of traction since then as one of the best P2P lending platforms in Europe. While it only has 3,500 investors, it has issued more than €58 million in loans since then. Do Finance is open to residents of the Eu, EEZ, and Switzerland.
It focuses on consumer loans and has an average return rate of 4%-11%, depending on which loans you choose. The higher the risk, the higher your return will be. To help with the risk of consumer lending, Do Finance has a buyback guarantee. If a borrower defaults, the loan originator will repay investors.
Do Finance also has an autoinvest feature for hands-off investing and a secondary market. This lets you buy and resell loans to provide you with additional flexibility.
The best things about Do Finance are its low initial investment of just €10 and its high returns. On the negative side, its loans are relatively risky, and it can take a few days to set up your account initially.
12. Fellow Finance
Fellow Finance was first founded in Finland in 2013. It is exclusively open to investors in the European Union. Since it began, it has attracted more than 13,510 investors. In total, it has issued loans exceeding €484 million. It’s one of the largest and most reputable platforms on this list. Fellow Finance offers consumer, business, and receivables loans.
The average rate of return ranges from 7%-10%, depending on the loan you choose. The minimum investment is €25, so just about anyone can get started with this P2P lending platform, even on a budget.
It has an auto-invest feature to streamline the investing process. There is also a secondary market for buying and reselling loans. Uniquely, it also offers a demo account which lets you try out the platform without risking any of your money. However, there is no buyback guarantee. If a borrower defaults, you are at risk of losing your investment.
The demo account and good returns are both big benefits of Fellow Finance. However, the lack of a buyback guarantee is a drawback, and its user interface is not that good.
13. IUVO Group
Based in Estonia, IUVO Group was first founded in 2016. It provides real estate loans, car loans, mortgages, and consumer loans. This means there’s plenty of diversity. Its investors have provided borrowers with more than €11,724,531 in loans since it was founded.
It offers very high interest rates for some of its loans, reaching up to 15.2%. However, the average yearly return tends to hover around 9.2% unless you exclusively invest in riskier consumer loans.
IUVO Group has all the features you could want, including a buyback guarantee, an auto investment tool, and a secondary market where you can buy and resell loans. It also has a low minimum investment of €10 which makes it a good option for new investors who are on a budget.
The two best things about the IUVO Group platform are its diverse features and the large number of loans offered. However, the website is unintuitive, so the user experience is not great. Also, its returns are lower than some comparable P2P lending platforms.
14. NEO Finance
NEO Finance got its start in 2015, and it’s based out of Lithuania. Currently, only those living in EU member states can invest with NEO Finance. It has more than 7,687 investors who have provided borrowers with more than €36,640,177 in loans.
NEO Finance focuses exclusively on consumer loans. Most of its loans have rates of around 12%-23%. Average annual returns are 17.45% but can be higher if you take a bit more risk.
As far as features go, it does not disappoint. It has an easy-to-use autoinvest function and a secondary market where investors can buy and resell loans. Its buyback guarantee is not great, though. During default, investors are only entitled to sell their loans back to NEO Finance for 50-80% of their value.
The two best things about NEO Finances are its high returns and easy-to-use website. However, the two worst things are its buyback guarantee which does not guarantee the full value of your investment and its lack of loan diversity.
Bulkestate is a P2P crowdfunding and lending platform which focuses on real estate loans. It was founded in Estonia in 2016. Nearly 14,000 investments totaling €83 million have already been made with this platform.
Bulkestate exclusively provides property-backed loans. This means that if a borrower does not pay, their property will be repossessed and sold to repay lenders. Its return rates are quite high, too. Investors can get between 13%-18%, with average returns of around 15.36%. There is an autoinvest feature to help you automatically invest in loans that meet your specifications. Its minimum investment is €50.
However, Bulkestate has no buyback guarantee. If a borrower does default, their property must be sold to recover your money. This does provide some safety. However, it does not guarantee the recovery of your entire investment.
The high interest rates and the fact that all loans are property-backed are the two best things about Bulkestate. As far as drawbacks go, its lack of a buyback guarantee does put your money at risk, and there are not many loans available at any given time.
Lenndy got its start in Lithuania in 2015, and it serves investors from Europe, the Americas, Oceania, Asia, and Africa. It works with three third-party loan originators to provide consumer loans, business loans, receivables loans, and mortgages.
In total, it has 6,228 lenders who have invested more than €26,650,058 into the platform. Most of its loans offer a return rate of between 12%-15%, with the average annual return rate being 12.30%.
To get started, you’ll only need to invest €10. There are a lot of loans to choose from, mostly from Lithuania and Poland, ranging from a few hundred Euro to more than €550,000. There is no autoinvest feature, though, which is a bit strange.
However, there is a secondary market where you can buy and resell loans, and a buyback guarantee to protect your investments if a borrower defaults.
Overall, Lenndy offers good returns and a wide diversity of different types of loans. However, its lack of an autoinvest feature and occasional website performance issues are significant drawbacks.
Swaper was founded in 2016 in Latvia, and it’s open to investors from all across the EEA. It specializes in consumer loans and has funded more than €82,509,454 in loans since it was first founded. You can invest with either EUR or GBP to help avoid money transfer fees.
You’ll find rates up to 12% at Swaper. Uniquely, all loans offered on Swaper offer this fixed rate. You can set an auto-invest tool to automatically add more loans to your portfolio. There is also a BuyBack guarantee. If a borrower defaults and does not pay within 30 days, Swaper will buy your loan back.
Another unique feature is its loyalty bonus. If you invest €5,000 or more for 3 months or longer, you will get an additional 2% on your return. It also has a secondary market where you can buy and resell loans, which helps keep your investments liquid. There are no fees for doing so, which is nice.
The best things about Swaper are its fixed return rates, which are quite good, and the loyalty bonus. However, it has drawbacks too. Many other lenders offer rates above 12%, and there is not a wide diversity of loans to choose from.
Crowdestor was founded in Latvia in 2017, so it’s one of the newer P2P lending platforms in Europe. However, it already has attracted quite a few investors. It uses a unique crowdfunding model that primarily focuses on projects like real estate, startup companies, business loans, and transportation companies.
You can invest in each campaign, and earn interest based on when you invest. Interest rates range from 12%-30% depending on the project, with an average of about 15%. Loan periods typically range from 5-12 months.
Uniquely, you start earning interest as soon as you fund a certain campaign. And even if the campaign does not reach its goal and become fully funded, you will earn interest on your investment anyway. You can get started at just €50.
The best things about Crowdestor are its unique model which gives you interest even if a project is not funded, and its selection of hand-picked investments from reputable companies. The downsides include a very limited selection of loans to choose from. It also lacks any kind of autoinvest feature.
FinBee is a P2P lending platform based in Lithuania. It was founded in 2015 and has more than 13,178 investors who have lent more than €23,807,265 to borrowers. Primarily, FinBee focuses on providing consumer and business loans.
Return rates for most loans at FinBee range from 16%-21%, and you can expect to earn about 18% returns for a balanced portfolio. Loan terms vary from just a few months to 24-36 months or longer.
FinBee has a very advanced automated investing tool that lets you set your criteria for investing, and take a hands-off approach. You can also pick and choose your loans. However, investing with FinBee is risky because there is no buyback guarantee. It does have a secondary market where you can buy and sell loans, though.
The best things about FinBee are its high returns and good features. However, it’s risky to invest because of the lack of a buyback guarantee, and it does not have a wide diversity of loan types compared to other lenders.
20. Debitum Network
Debitum Network specializes in global small business financing and offers both small business loans and receivables loans. The company is based in Latvia and was first founded in 2017. It has more than 2,269 investors who have invested more than €5,970,000 into the platform. Investors from all around the world can invest in Debitum Network.
Interest rates for loans on Debitum Network are typically about 10%-15%, with an average rate of return of 9.82% for most investors. It offers loans in a few different countries including the Czech Republic, Belgium, and Lithuania. However, it typically only has a few dozen loans available at a time.
The minimum investment is €10, and there is an auto-invest feature which lets you invest in loans automatically based on your specified criteria, and it has a buyback guarantee. There is currently no secondary market available, though.
The biggest benefits of using Debitum Network are that each borrower is pre-screened to ensure they have low default risk and that it provides reasonably high returns. Its drawbacks include a limited selection of loans and a lack of loan diversity.
Rebuildingsociety is based in the UK and was first founded in 2011. It accepts investors from all across the EU and focuses primarily on business loans for small businesses based in the UK.
It has 1,613 investors who have invested more than £15.8 million in loans for small businesses. Loans often have interest rates as high as 11%-18%. However, due to high default rates, most investors will earn around 7.70% annually. Rebuildingsociety has a minimum investment of just £10 and also has an auto-invest feature. A secondary market lets you buy and resell loans.
The riskiness of its loans is the biggest issue with this P2P lending platform. While Rebuildingsociety does offer a buyback guarantee, it’s not available for every loan. Many of its loans are risky, so there is a chance that these high default rates can eat into your earnings. We recommend only buying loans with a buyback guarantee.
The two best things about Rebuildingsociety are its above-average returns and fantastic features. However, its loans are quite risky, and not every loan has a buyback guarantee.
TWINO was founded in Latvia in 2009 and is one of the largest and most respected P2P lending platforms in Europe. It has more than 17,482 investors who have put more than €532.7 million into the platform. Investors from all across the EEA can use this P2P lending platform.
TWINO focuses mostly on short-term consumer loans, and you can invest with either EUR or GBP. Its minimum investment is 10 EUR or GBP. Average returns range from 8.6%-10.8% depending on the loans you choose. This is lower than some other P2P platforms, but still a respectable rate.
The features of TWINO include a 30-day buyback guarantee, which helps protect your investment and an auto-invest feature which lets you build a portfolio quickly and easily. It does not have a secondary market, however.
The two best things about TWINO are its long track record and its wide diversity of consumer loans. Its drawbacks are its relatively low interest rates and its difficult-to-use user interface.
Monestro is based in Estonia and was first founded in 2014. The company serves investors in the European Union and has attracted nearly 1,000 investors. While it’s quite small, it does offer extremely high interest rates.
Monestro offers short-term consumer loans, which offer returns rates of anywhere from 6%-39%. The average annual return rate is around 26.60%. What’s the catch? Monestro does not have a buyback guarantee, and some of its loans are very risky. If a borrower defaults, you could lose your investment.
However, it has a minimum investment of only €10, so you can easily diversify your loans to mitigate this risk. Other features include an auto-invest tool and a secondary market where you can buy and sell loans with other investors.
The best things about Monestro are its great interest rates and the large number of loans available. However, the lack of a buyback guarantee and its relatively high default rates mean it’s one of the riskier platforms on this list.
Rendity was first founded in Austria in 2015, and it serves investors all across Europe. Primarily, it focuses on real estate loans in Vienna, Austria, but has also expanded to serve borrowers in Berlin, Germany. More than 1,570 investors have used this platform, which has issued nearly €17 million in loans. Return rates vary from 4.5%-7.5%, with average annual return rates of 6.10%.
Each project is hand-picked on its platform, so there are only a handful of projects available at any given time, and they are thoroughly vetted to minimize investment risk. Because these are real estate projects, they are also backed by the value of the property put up as collateral for the loan.
However, Rendity falls short when it comes to features. It does not have an auto-invest tool, a secondary market, or a buyback guarantee. You cannot exit a loan early either. You’re stuck with it for the whole term. The minimum investment is €500, which is high.
The best things about Rendity are its unique, hand-picked projects, and the fact that all its loans are backed with a property of some kind. However, the lack of a buyback guarantee and the high minimum investment mean it may not be right for every investor.
25. ZLTY Melon
ZLTY Melon was founded in 2012 in Slovenia. It serves investors in every country in the SEPA payments area. It primarily focuses on consumer loans and has issued more than €13,183,273 in loans since it was founded.
The typical return rate for these loans is between 5%-28%, depending on the risk profile of the borrower. The average yearly returns are 8.36%. Its delinquency rate is around 4-5%, which is quite a bit higher than some other platforms. There is no buyback guarantee.
Registration is quick and easy, and ZLTY Melon has useful features like a secondary market and an auto-invest tool, which lets you easily build your portfolio based on your preferred criteria.
The two best things about ZLTY Melon are its high returns on its loans and its good features. However, a high delinquency rate is one of its serious drawbacks. Also, there is no buyback guarantee, so if your borrower does not repay, you can lose your investment. We only recommend this European P2P lending platform if you are not risk-averse.
Investly is based in the UK and was founded in 2013. Uniquely, it focuses exclusively on receivables loans for small businesses. In total, it has more than 3,300 investors and has offered more than £7,848,380 in loans since it was founded.
The returns offered by Investly mostly range from 10%-13%, with an average annual return rate of 12.60%. Currently, it only offers receivables loans for companies based in the UK. Loan terms range from 30-180 days, so this is a good platform for those interested in short-term loans.
This platform does have an autoinvest feature, but there is no secondary market. There is no way to exit your loan before its term concludes. Investly also lacks a buyback feature of any kind. If a borrower defaults, you could lose your investment.
The best things about Investly are that it offers high rates on its loans, and offers a lot of short-term debt, which is good for investors who want a quick return. As far as drawbacks go, it’s riskier than some other P2P lending platforms on its list, and the user experience is not great.
Ablrate is also based in the UK, and it was first founded in 2012. Since it began, it has funded more than £48,914,874 and has attracted many investors. Ablrate provides both real estate and business loans with interest rates of between 10%-15%. The average annual return is 12%. The minimum investment is £100.
Ablrate has a “Portfolio Loans” feature that allows you to invest in loans automatically. It also has a secondary market where you can buy and resell loans for a profit, or to get rid of a loan before the term ends. It supports the Innovative Finance ISA for tax-free gains for UK residents.
However, it does not have any kind of buyback guarantee. If a borrower defaults, you could lose your investment, making it important to pick and choose your loans carefully.
The best things about Ablrate is that it supports the IFISA for UK residents, and the ease-of-use of its Portfolio Loans feature. The two biggest drawbacks are that its loans are not protected by a buyback guarantee and its relatively low loan diversity.
Bitbond is based in Germany, and it was first founded in 2013. It has a total of more than 1,800 investors, who have contributed $15,777,217. Uniquely, this platform uses US Dollars, and its minimum investment is $5.
Bitbond mostly offers global small business loans. Its return rates typically range from 10%-15%, with an average annual rate of return of 12%. It does not offer any kind of buyback guarantee. It does not have an automatic investing feature. You have to pick and choose your loans yourself. However, BitBond does have a secondary market for buying and reselling loans.
One unique feature of BitBond is that it uses machine learning to rank the quality of each borrower. This helps mitigate risk when investing.
The two best features of BitBond are its global availability and good return rates. Its top two drawbacks are the lack of a buyback guarantee, and a very confusing, hard-to-use interface that may not be right for new investors.
TRINE was first founded in Sweden in 2015. It’s a unique crowdfunding and P2P lending platform that focuses on Social Loans. It is available to investors all across Europe, with 9,295 investors contributing more than €25,114,333.
It focuses on “social loans” for things like green energy and solar power in countries such as Nigeria, Guatemala, and Kenya. Its returns are relatively low, at just 6%. However, this is a good option for “activist investors” who want to do some good with their money.
You can even see how much C02 has been saved based on investments by TRINE members. TRINE does have an autoinvest feature but lacks a secondary market or any kind of buyback guarantee.
The best things about TRINE are that it is a platform that can help those in need, and it provides an absolutely one-of-a-kind investing opportunity. However, there are only a few projects available at any given time, and its returns are quite low compared to other platforms.
Klear is based in Bulgaria. It was founded in 2015. This P2P platform focuses on providing short-term consumer loans, and it has 1,301 investors. In total, it has funded more than 9,179,429 BGN in loans since it first launched.
Interest rates at Klear typically are between 4.7%-7.7%, with average annual returns of about 5.5%. This is very low compared to the other best P2P lending platforms in Europe. Its minimum investment is 100 BGN, which is relatively high.
Klear uses a unique credit rating system which helps you pick the right loans for you, and an auto-invest tool which automates this process. You can also sell your loans to other investors if you need to recover your investment early. There is no buyback guarantee, however.
The two best things about Klear are its unique credit rating system and its large number of diversified loans. However, its returns are very low, and the high initial investment of 100 BGN may be too much for some first-time investors.
LinkedFinance is based in Ireland. It was founded in 2011, making it one of the older P2P lending sites in Europe. It’s available to any investor with an EU bank account. Since it was founded, it has brought in more than 22,000 investors who have contributed more than €106,983,540.
LinkedFinance provides business loans and has worked with thousands of small businesses in Ireland. Its average rate of return varies on 6%-17.5% for each loan, depending on the creditworthiness of the buyer. The minimum investment for investors is €50. It offers loans of up to €300,000 to qualified borrowers.
An autoinvest feature makes it easy for you to invest automatically with LinkedFinance. It’s lacking in other features, though. There is no secondary market and no buyback guarantee. If a borrower defaults, you may lose your investment.
The best things about LinkedFinance are that it provides high returns of up to 17.5%, and its autoinvest feature is easy to use. Its drawbacks include the lack of a buyback guarantee and a lack of diversity in its loans.
Fixura is based in Finland. It was founded in 2009, and it serves investors throughout the entire European Union. Fixura focuses on providing short-term consumer loans. Since it was founded, it has brought in more than €106,858,171 in funding. This makes it one of the bigger European P2P lending websites.
The average rate of return of Fixura is 7.9%, which is good, but not great. There is also no buyback guarantee available on this platform. If one or more of your borrowers defaults, you may end up taking a loss on your investments.
It does have an auto-invest feature, though, which lets you automatically invest in loans that match specific criteria. There’s no secondary market or any way to exit your loans early.
The best things about Fixura are its great reputation and track record, and its consistent returns. However, it does not have a buyback guarantee, and its returns are quite a bit lower than some of the other best P2P lending platforms in Europe.
Housers is based in Spain, and it’s one of only 2 Spanish P2P lending platforms on this list. It launched in 2015, and it focuses exclusively on real estate loans, as the name may suggest. Since it began, it has attracted more than 110,376 investors, who have funded more than €90 million in loans. Its minimum investment is €50.
Compared to some of the other P2P lending platforms in Europe on this list, Housers offers a lower return of between 4.5%-11%. However, its loans are secured by real property, which ensures your risk of loss due to default is minimized. There is no buyback guarantee, though.
There is no automatic investment feature or secondary market either. This is likely because there are only ever a few projects available for investment at a time. As of writing, Housers offered only 4 loans for investors.
The two best things about Housers are its relatively safe, secure returns, and its long track record of successfully funding projects. However, its drawbacks include a lack of modern features and its very bad diversity of loans.
Lendahand is the only one of our best P2P lending sites in Europe which is based in the Netherlands. It was first founded in 2010, so it has a good track record and is a very well-known platform. In total, it has attracted more than 103,852 investors, who have funded €59,552,750 in loans.
Lendahand focuses on social loans, or “Crowdfunding with an impact.” This includes projects like solar power, small business microloans, projects for creating clean water sources in developing countries, and more. Returns are typically between 3%-9%, with most investors getting an annual return of about 2.38%.
There are usually only a few projects available at Lendahand at a time, so there is not a very wide diversity of loans. It also lacks features like a secondary market or autoinvest feature.
Lendahand has some unique benefits. It lets you put your money to work for the greater good. Its projects are also pre-screened to minimize your risk when investing. However, it offers very low interest rates, and its loan diversity is quite poor.
35. Funding Secure
Funding Secure is based in the UK. It first launched in 2012 and has issued £309 million in loans since it began. It has a lot of different loans, mostly focusing on pawnbroking loans. It also has some real estate loans and car loans available for more diversity. Its minimum investment is £25.
You will get a return rate of between 10-16%, with an average yearly return of 11.2%. Uniquely, all of Funding Secure’s loans are secured by some kind of property. This can include real estate, a car, or even jewelry. This helps protect you if a borrower defaults. The property can be repossessed and sold to cover your losses. However, Funding Secure has no buyback guarantee. It does have a secondary market, though.
One of the biggest benefits of using this platform is that you can invest in a wide variety of short-term loans with really high returns. Your loans are also protected by the value of the property put up as collateral.
As far as drawbacks go, recovering a defaulted loan can take a very long time. Also, the FundingSecure Secondary Market is not very active, so it can be nearly impossible to resell a loan you no longer want.
Flender is a P2P lending platform based in Ireland, which was founded in 2015 to provide business loans to Small-To-Medium Enterprises (SMEs). It provides business loans in Ireland, and it has a total of 7,442 investors who have provided €11,363,999 in loans.
Most loans from Flender range from between 9%-16%. Each business seeking a loan is assigned a credit rating to help you determine your level of risk while investing. It’s easy to pick and choose loans that balance risk and returns. Flender does not have a very diverse selection of loans, though.
The AutoFlender option lets you automatically invest in loans that meet your criteria and build your portfolio. That’s about it for features, though. There is no secondary market or buyback guarantee.
The best things about Flender are its high returns of 10.6% and its very low default rate of 0.3%. However, its user interface and features leave something to be desired, and it has no buyback guarantee to protect your investment.
Brickowner is based in the UK, and it was founded in 2016. It focuses on real estate lending, and is open to investors globally, except for those based in the US. Since it was founded, it has issued more than £10 million in loans.
The average rate of return for most loans is between 8%-20%. Your average yearly returns will likely be around 10%. Brickowner only offers real estate loans, which are secured by collateral in the properties that are being developed or improved. This helps you keep your investment secure. However, Brickowner does not offer any kind of buyback guarantee.
There are also very few other features. There is no secondary market for buying or reselling loans, and no autoinvest feature.
The best benefits of Brickowner are that all of its loans are secured by property and that it has pretty good returns. The biggest drawbacks are that it only offers a few investment opportunities (only a single property, as of the publication of this review of the best P2P lending platforms in Europe) and that there is no buyback guarantee.
Crealsa was first launched in 2009, and it’s based in Spain. Technically, it’s open to global investors. However, the website was first created in Spanish, so this may present an issue if you only speak English or another language. Not all pages are equally well translated into English.
Crealsa is very popular, though. It focuses on receivables lending, and it has attracted more than €222 million in investments. This makes it one of the largest P2P lending sites in Europe. The minimum investment is €10. The average return rate is 5.41%.
It does have a buyback guarantee to help protect your investment from default, as well as an automatic investing feature which makes it easy to build your portfolio. However, it lacks a secondary market.
The two best things about Crealsa are its low-risk loans and its predictable returns. However, the negatives are a website that is only available in Spanish, and a seriously outdated, poorly-performing user interface. When it comes to usability, Crealsa is one of the worst websites we’ve ever used.
Profitus is based in Lithuania, and it first began operating in 2017, so it’s a newer P2P lending site in Europe. Profitus focuses on real-estate backed investments. Since it was founded, it has gained more than 605 investors and provided nearly €6 million in loans.
Its average rate of return on its loans is about 10.76%. There is no auto-invest feature, so you will have to pick and choose the loans you want to buy. A built-in credit rating system helps you do this. However, there are usually less than a half-dozen projects available at any given time.
Profitus also lacks other top features like a buyback guarantee and a secondary market for buying and reselling loans. The investment platform itself is very bare-bones. It’s functional, but nothing special.
The two best things about Profitus are its reasonably good returns and the fact that all of its loans are property-backed. However, it is seriously lacking in loan diversity and has almost none of the modern features we’ve come to expect from the best P2P lending platforms in Europe.
Rounding out the bottom of our list of the best European P2P lending platforms is SymCredit. This P2P lending platform is based in the Czech Republic and first got its start in 2014. It’s available to investors from all over the globe and focuses on small business lending.
Its returns are quite high, with rates of 8%-14% available for most loans. You can also get started at just €50. This is higher than some other picks, but not too bad. Some SymCredit loans are also protected with a buyback guarantee, but it only protects your investments up to €400.
However, SymCredit doesn’t have other features we expected, such as a secondary marketplace or an auto-invest feature. You have to pick and choose your loans, and there’s no way to resell them. The user interface is also extremely basic and lackluster.
The best things about SymCredit are its decent returns and its investment protection policy. However, its user experience is bad, and it doesn’t have many useful features for investors.
Try out a few of these P2P lending platforms for yourself
If you’ve read through all of these reviews, you’re probably wondering which of these top P2P lending sites in Europe are right for you. To find out, we recommend that you open up an account on a few of them, and start investing. Most of these platforms let you start with between €10-€50, so get started today, and see which P2P lending platform in Europe is right for you.