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Join the Mogo campaign and get a cashback of up to 5%!

16.01.2018

mintosblog

Until February 16, 2018, invest in Mogo loans with a maturity of four years or more and get a cashback immediately. You will get an instant cashback of:

  • – 4% for investing in Mogo loans with a maturity of 48 to 59 months,
  • – 5% for investing in Mogo loans with a maturity of 60 months or more.

Only investments made on the Mintos primary market qualify.

To receive the cashback, you have to be enrolled in the campaign before making the investment.

Enrol now >

For more information read the Terms and Conditions.

Mogo is one of the top loan originators on the Mintos marketplace. The company joined Mintos in March 2015, and has since funded car loans worth EUR 91 million through the marketplace. To date, the average net annual return offered for Mogo loans has been above 12%.


FAQ

When will I receive my cashback?

The cashback will be transferred to your Investor’s Account on Mintos within six working days from the day you make the investment.

 

What will happen if the loan originator will re-buy my long-term investment?

Sometimes loan originators re-buy the loans before their maturity. If this happens, you will get to keep your cashback.

 

Do I need to enroll each time I make a new investment?

No. To participate in the campaign, you need to enroll only once. All investments made after that will qualify for cashback.

 

Do investments made prior to enrolling in the campaign, qualify for cashback too?

No. Only new investments made after you have enrolled in the campaign on your Investor’s Account qualify for a cashback.

 

Why would I want to invest in long-term loans?

Investing long-term has many benefits. The returns offered for these loans generally are higher than returns offered on short-term loans. You get to lock-in these higher return rates for a longer period of time, thus avoiding any cash drag effect. Including longer term loans in your investment portfolio also means better diversification in terms of loan types and borrower profiles.

Comments

  • Falconet

    “Until February 16, 2018, invest in Mogo loans with a maturity of two years or more and get a cashback immediately. You will get an instant cashback of:”

    It can be either more 2 years or 48 months 😉

    • http://www.mintos.com Mintos

      Hello,

      Thank you for your comment.

      It was an error in the text, the correct duration is 4 years.

  • Mikael

    Hey,

    may I ask you how is it possible that Mogo can allow to offer such a generous bonuses for investing into their loans? I

    • http://www.mintos.com Mintos

      Hi Mikael,

      Thank you for your question.

      Please specify it.

      • Falconet

        How is it financially possible for Mogo to offer 4-5% cashback on these loans? is the question he is asking, I believe.

        • http://www.mintos.com Mintos

          It is financially possible because there is interest rate spread between rate for investors and borrowers. APRs could be found here – https://www.mintos.com/en/loan-originators/mogo/
          Also loan originators take fee for issuing loans.

  • disqus_SXI3HRtV7f

    I tried this out and found out that this ‘instant’ cash-back actually takes 6 working days to make it to your account. Blatant false advertising.

    • http://www.mintos.com Mintos

      Thank you for your feedback.

  • Peter

    It would be nice on the account overview tab, on the Net Annual Return section, if the cashback bonus was factored in with the returns.

    • http://www.mintos.com Mintos

      Hi Peter,

      Thank you for suggestion. We will consider it.