21 Mintos Loan Originators I Feel Comfortable Investing In

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How do you select the best loan originators when investing through Mintos? I asked myself the same question, so I made a list for you to help you select the loan originators you want to invest in.

Last update: July 5, 2019

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Mintos loan originators

What did I look at?

Since I started investing on Mintos, I have been reading a lot about the platform and tried to figure out what the best investment strategy is. Which loan originators do I have to avoid and which ones are good and solid?

To answer this question, I looked at a couple of different things:

  • The ratings of Mintos loan originators from ExploreP2P
  • The ratings of Mintos loan originators from Mintos itself
  • Does the loan originator offer a buyback guarantee on it’s loans
  • Does the loan originator pay interest on late loans
  • Loan originators with a grace period of max 10 days
  • The statistics on Mintos, how many % of the loans is paid on time (current)?

Explore P2P ratings

ExploreP2P has rated all Mintos loan originators according to different things, like their financial reports. I think it’s a good list to use.

I decided to go for the loan originators with a score of 50 and above, which gives us a list of 28 loan originators.

Mintos ratings

Mintos has 10 different ratings, from A+ to D. Since I don’t like to invest in loan originators with too much risk, I only include loan originators with a low to moderate risk. (Explanation about the Mintos ratings can be found here).

Two of the loan originators have a rating below B-:

  • Aforti
  • Kredit24

This leaves us with 26 loan originators.

Buyback guarantee

I don’t invest in loans without a buyback guarantee. The risk is lower with this guarantee, as all loans that are 60 days late, will be bought back by the loan originator and I will get my money plus accrued interest instead of losing my money. You can read more about this in my Mintos review or my ultimate guide to peer-to-peer lending.

1pm plc doesn’t offer loans with a buyback guarantee, so they are off the list and we’re down to 25.

Interest on late loans & Penalty income

Since I want to receive interest on my late loans, I exclude loan originators that don’t pay interest income on delayed payments (IIDP in short):

  • EBV Finance
  • Mogo
  • Cream Finance (only Latvia)
  • Acema

EBV’s loan are always 100% paid on time, that’s why I will keep EBV on the list.

Credit to P2P Millionare for telling me about EBV. He said: “It is because EBV collects VAT rebates from governments and governments tend to be reliable payers.” I didn’t know that yet. So, EBV will remain on the list and we still have 23 loan originators left.

Lots of people like Mogo and they (and Acema) do have a penalty income. So it’s up to you if you want to invest in them or not.

The grace period

Since the grace period doesn’t count as being late, you don’t get any interest over this period (unless a loan goes from grace period to late, then all days do count as late). I don’t want to invest in loan originators that have a grace period of more than 10 days:

  • Dozarplati
  • EcoFinance

This means we are down to 21 loan originators.

Mintos statistics

The statistics from Mintos show what percentage of each loan originator’s outstanding loans are paid on time (current). I think this is an important score, because if a lot of the payments are late, something might be wrong.

Does the loan originator perform a good background check on his client to make sure he can actually pay the loan back? Can the loan originator keep up with the buyback guarantee if a high percentage of the loans are paid late or never paid at all?


Combining everything, we have 21 loan originators left. These are the loan originators I feel comfortable with investing in. To give you an overview, I added all of the loan originators with an ExploreP2P rating of at least 50 in a table and added the other variables I looked at.

The red loan originators are off my list due to one or more of my criteria. In the end it’s up to you of course which loan originators you want to invest in.

% paid
on time
1pm plc81ANoNo05.3 %
ID Finance81B+/B-YesYes0 - 389.4 %
64.7 %
Credissimo80A-YesYes1093.2 %
Credit Star79BYesYes0 - 379.2 %
44.2 %
Banknote77A-Yes & NoYes377.2 %
68.3 %
12.1 %
Iute Credit77B+YesYes777.9 %
67.0 %
Vizia77A-YesYes377.7 %
Mogo71AYes/NoNo0 - 466.3 %
73.4 %
Placet Group71A-/B+YesYes0 - 267.6 %
Credius68B+YesYes365.9 %
Cream Finance67BYesLV: No
Rest: Yes
DK: 9
Rest: 0 - 3
70.7 %
52.2 %
Kredit Pintar66B+YesYes093.4 %
66.5 %
LF Tech66B-YesYes064.8 %
Capital Service65B-YesYes376.5 %
Lime Zaim65BYesYes058.8 %
EBV Finance63A-YesNo0100 %
BB Finance62A-YesYes375.2 %
Acema61A-Yes & NoNo384.8 %
Varks61B+YesYes388.5 %
Dineo60BYesYes379.4 %
IFN Finance60BYes & NoYes326.1 %
Dozarplati56B-YesYes1551.0 %
73.3 %
52.0 %
Akulaku54B+YesYes590.4 %
76.4 %
Sebo53B-YesYes387.4 %
87.5 %
Novaloans51B+YesYes199.9 %
Aforti50C+Yes & NoNo169.3 %
EcoFinance50BYesYes1577.8 %
Kredit2450C+YesYes159.5 %

Last update: July 5, 2019

Hopefully you can use this list to your advantage. I will try to keep this list up to date. If you see anything that is incorrect or missing, please leave a comment below and I will update the list accordingly.

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This Post Has 18 Comments

  1. I have almost the same criteria’s choosing the originators at Mintos and i’m almost financially independent mom :)

  2. Great job and article!
    I used quite the same criteria as you. Only I do not considered the grace period (good advice!), and I considered loan originators from p2pexplore rating 47 instead of 50 (I do not remember why… :D ).
    A note about interests on delayed payments: Mogo (and others) do not ask for interests on delayed payments, however they ask for penalties in some cases higher than interests (excluding Georgia, Moldova, Armenia, Estonia), So the good news is that IMHO you do not need to exclude Mogo at all, but only to select countries. ;)

    1. Thank you for your comment! I’m glad you liked it.

      Good to know about Mogo, will look into them a bit more! I’m also going to look at the Mintos statistics as someone told me about EBV Finance that has 100% paid on time loans. I will add the extra information soon, hope to be able to do it tomorrow!

    2. I just updated the post & the table!

  3. How about SEBO ?

    1. SEBO only has a score of 21 on explorep2p, that’s why they aren’t on the list.

  4. About SEBO, check Mintos statistics:

    – %Current – 91.1
    – Grace Period% – 4.2
    – 1-15 Days Late% – 3.4
    – 16-30 Days Late% – 1
    – 31-60 Days Late% – 0.2

    Also, BuyBack, 3 days Grace Period and B- rating. Interest on delayed also.

    My 2c: I am very comfortable investing in Sebo :)

    1. That’s alright of course :) Everyone has their own parameters to look at.

      I just like to add the ratings from exploreP2P, as I believe they do a good job looking into the loan originators. And I don’t have to time to dive into all the financial statements at this moment, so I depend on the information I’ve got :)

  5. So let me get this straight
    You rather add na originator that DOES NOT pay intrest on late loans but you are concerned with 10 day grace period… interesting
    if a guy pays on day 10 of grace, you loose 10 days of intrest, but if a guy defaults you need to wait 60 DAYS without geting intrest in some originators to get the buy back…
    And what is so bad about a score <50 ? VARKS has 22 milion euros in loans and a "current" status of 90%
    I invest heavily in Varks

    1. Hi Nuno,

      Thank you for your comment.

      The only two loan originators that don’t pay interest on late loans on this list are MOGO and EBV. EBV never has late loans and MOGO works with a penalty, that’s why I decided to take the risk there. I’m using these settings and can always edit when I find that it doesn’t work well. I will update this list in case I feel it needs an update.

      Of course everyone can make their own choices. I chose to go for loan originators with a score of 50 or higher. These are the loan originators I personally feel comfortable investing in. But of course everyone is free to invest is every loan originator they feel good about.

      Have a great day!

      1. I just saw that Varks’ rating has improved to 61, so I will update my list with the new numbers, today or tomorrow!

  6. The comment about MOGO is not entirely correct
    Late payment fees only apply if the customer actually pays… if he does not, you get nothing.
    What I got from experience is that 99,9999999% of loans that go late are never payed and have to be bought back by the Originator.
    So to all purposes MOGO DOES NOT PAY INTEREST ON LATE LOANS ! And is therefor out of my list

  7. Thank you for your kind reply Janneke
    Yes Varks has been uprated, and all the 14,5% loans they had listed have disapeared in a flash :)

    Onde question about EBV Finance that you have in your list… I see they have loans listed paying 9% with a stated APR to the customer of only 10.3%… how is it possible such small gap ??
    I have also seen listings on Mintos of originators with LOWER APRs then the interest payed… there is still a lot I need to understand in Mintos…

    1. I have no idea about the sometimes low APR’s, I have to look into that or might ask Mintos about it.

  8. Can you tell were information of “Paid on time” is available?
    Thank you

    1. Hi Eduardo, it’s on the statistics page: https://www.mintos.com/en/statistics/. Scroll down a little bit to “Loan Performance Details” and you can choose percent to see the percentages for everything.

  9. Excellent Job, and thank you for keeping it updated!

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