P2P loans are a new alternative form of financing and investment that has become popular in our country in recent years when banks tightened the requirements to access consumer loans. These platforms connect people who need loans with people who are willing to provide them with the financing they need in exchange for a certain return- this site usually works for me.
Who requests financing through crowdlending?
According to a study prepared by Zank, the profile of the borrowers of the P2P loans are, mostly, men, single, between 31 and 40 years old, who live in large cities, work for others and count, less, with secondary education or professional training.
Some crowdlending platforms are also presented as an alternative financing for companies. In the case of SMEs that resort to P2P loans, they are companies that do not have problems to get loans with the bank, but want to diversify their sources of financing, they have to be consolidated and have a period in benefits to be able to access the financing. through crowdlending.
The profile of P2P loan investors
The investors in this type of loans are, in 93%, men between 31 and 45 years with a minimum investment of € 2,000 invested in more than 20 different projects, according to the same study by Zank. Investors in Spain have historically been very moderate so the profile of these investors is a mix between users accustomed to new technologies seeking new ways to achieve profitability in their savings and flee from the current low rates of deposits and the volatility of the markets.
With the crowdlending platform LoanBook, for example, we can invest in different loans and promissory notes of Spanish companies. It has 9 risk categories (from A ++ to C +) so that we can choose between the profitability we want to obtain and the risk that each category represents. In the last financial year, it obtained an average return of more than 5% and has an expected annual loss between 0.22% and 5.5%, depending on the risk category we choose and the level of diversification. In order to invest in LoanBook P2P loans, we must have an initial capital of € 6,000 to be able to make an optimal diversification.
The new “Business Financing Law” differentiates between accredited and non-accredited investors or professional and amateur investors. This categorization aims to protect small savers by limiting their total maximum investment to € 10,000 among all the P2P lending platforms that participate and € 3,000 per project investment. In addition, according to the law, before beginning to invest in these platforms, they must sign a document certifying that they have been informed of the risks of investing in P2P loans.