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How to Earn Passive Income With Mintos
How P2P loans work
After central banks around the world cut key interest rates to record lows in the wake of the 2008 financial crisis, investors increasingly looked for high-yielding assets. In addition to the stock and bond markets, they found these in so-called P2P loans. One of the pioneers on the market is Mintos.com. With this provider, you can expect an interest return of up to 21%.
In the following article, I explain how the investment works and what you should bear in mind using the platform.
What are P2P loans?
Peer-to-peer loans are a form of lending in which private individuals lend money directly to other people or companies without a bank acting as an intermediary. To bring lenders and borrowers together, there are platforms such as Mintos that coordinate the granting of loans.
Borrowers are individuals or companies who, for various reasons, do not have access to conventional bank loans or are looking for alternative financing options.
Lenders, on the other hand, are usually individuals who want to invest their money with higher returns than with conventional forms of savings.
The interest rates of the loans vary greatly and depend on the type of loan and the associated risk. As a rule…
