On Mintos, you can now invest in loans issued in 23 countries on five continents around the world. This means you have the opportunity to effectively diversify your investment portfolio and increase your chances of success. However, it can also be daunting to have so many options to choose from and know which investment geographies are right for you. To help you make a more informed decision, we present the second article of our country overview series on Mintos, taking a look at Latvia. You can read the first article in this series, which focused on Poland,…
We are very excited to announce that non-bank loan originator Hipocredit is expanding to Lithuania. Starting today, you can find mortgage backed loans issued in Lithuania on the Mintos marketplace.
The Mintos marketplace will host Hipocredit loans averaging from EUR 1 000 to EUR 100 000 with a loan term of 3 to 60 months. The annual net return to investors is expected to reach 13% per annum. Loans placed on the platform are expected to average Read more
We would like to inform you that we have introduced additional security measures for investments in Hipocredit-issued loans made in accordance with new Mintos policies (read more about these new policies here). These new security measures have been introduced to give investors additional protection against Hipocredit insolvency or default on their obligations.
What type of security measures are being introduced?
We would like to inform you that there is a new structure for investing in Hipocredit loans. Hipocredit has extended its license for providing consumer credit services in Latvia for an indefinite period of time. The new structure takes into account limitations imposed by the license.
How will the new process work?
To obtain exposure to Hipocredit loans, investors will be able to invest in loans issued by Mintos Finance to Hipocredit where repayments depend on the borrower’s payments. Each loan issued by Mintos Finance to Hipocredit will be pegged to a respective loan issued by Hipocredit to the final…