Breaking down short-term high-interest loans



Short-term high-interest loans have become increasingly popular for borrowers. The possibility to borrow smaller amounts for short periods of time is very attractive for those who need access to money fast and then repay the debt quickly. On Mintos, investors have the ability to invest in such loans, in fact, due to the short-repayment period, they are one of the most popular loan products on Mintos.

One frequent question we are asked here at Mintos is how do these loans work? In this blog post we will address this question and give you a deeper…