FinBee Account Update
Investment Start Date: February 2019
Total Deposits: 21,67€ (Oct 2019)
Asset Value: 23,99€ (Oct 2019)
FinBee Platform Analysis
Last Update (01.11.2019)
I personally don’t recommend FinBee for regular savers.
FinBee is quite an interesting P2P lending platform. I started my investments at FinBee in February 2019. I must confess that in the beginning, I spent some time to understand the platform and how to invest.
FinBee investments are not secured or insured. The platform presents a historical interest rate of 18% that is among the best in European P2P lending platforms with the possibility to invest in personal loans and business loans. An interesting fact is that in order to eliminate fraud FinBee sign every loan contract with each borrower in person. But you still see a lot of default loans.
Another aspect to consider about FinBee is that if you wish to sell your loan, one loan repayment is required before a loan can be offered for sale on the secondary market. If the first loan repayment is delayed, it cannot be resold. It will have to be held to maturity or wait for the borrower to catch up on his/her payments.
Creating a FinBee investor account is not so complex, but they still can improve a lot the user experience to invest. The investment options available are diversified and offer high returns. But in my opinion, FinBee is a great P2P lending platform for experienced investors. Since this platform doesn’t offer a buyback guarantee, it is not the best option for new investors to start with.
|Analysis Topic||Personal Take|
|Consumer | Business|
|Yes, but restrictive|
|1 year to multiple years|
|Medium Low Quality|
|You can sign up and invest in Finbee through my referral link|
My FinBee Account
FinBee Income Graph
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Check among the P2P crowdlending opportunities available on Savings4Freedom, always taking into consideration that all information is entirely based on my personal experience.