New loan originator from Latvia joining the Mintos marketplace

01.02.2017

mintosblog

We are happy to announce that NORD līzings has joined Mintos and will place car loans issued in Latvia on the platform starting today.

NORD līzings loans placed on the Mintos platform will range between EUR 1 000 and EUR 10 000 with loan terms from12 months to 60 months.

It is expected that the net return for these loans will be 9% – 12.5%.

NORD līzings will retain at least 5% of each loan placed on the Mintos platform on its balance sheet.

NORD līzings customers are primarily individuals who need vehicles to effectively do their work. Customer solvency evaluations are based…