Crowdestor Review: Peer-to-Peer Lending Platform

If you are financial entrepreneur or businessman with IT background, you must be familiar with one of popular marketplace for peer-to-peer lending called “Crowdestor”.

Crowdestor enables it’s users to invest directly in loans given on the platform. The loans are given in real estate and in business domains with in different categories.

Crowdestor Review and Key Facts:

• invest into real estate and commercial projects
• typical loan durations from 6 to 18 months
• interest rates from 12% to 20%
• Peer-to-peer lending platform Crowdestor is involved in all investment projects as co-financier or co-developer
• the investment projects are carefully selected and are protected by a buyback fund
• so far 0% of late or defaulted projects

It is secure platform performing excellent since last 2 years as they are involved as financier or developer in every project on the platform to ensure the safety and offer trust to users. Since they are young company and run by small team of professionals from Latvia, they seems to have great process of acquisition of investment projects, such projects offered at crowdestor typically come from the real estate and service industry sector with loans ranging from 30,000 EUR to 750,000 EUR. Loan for 5 months to 2 years and in return investors can expect interest rates from 12% to 20%.

Pros

• High interest rates
• Buyback Guarantee
• Only direct investment structure
• Growing rapidly – more and more projects available
• Short loan terms and often monthly interest repayments

Cons

• All alternative investments with potential for high returns come with high risk
• No alternative market
• As I wrote before, It’s new platform, only 2 years old.

How to get started

If you are willing to join such a great peer-to-peer lending platform, just go to crowdestor website and signup there.  You must be 18+ and have EU or EEZ bank account. Also remember during registration you might require uploading your photo ID and it will take a day to get verified.

After completion of registration, you can start investing in the platform with just € 50. After funds invested, you are ready to browse projects of your interest.  If you made an investment before the campaign deadline, you will be rewarded with extra interest for those days.