After registration, you are ready to invest in P2P loans on the platform once you have made your initial deposit. By the way, always keep an eye out for platform bonus promotions to gain advantages. You can find a continuously updated list of all bonuses in my P2P platform comparison.
After setting up an account with your email and a chosen password, you must provide your name, date of birth, address, and phone number. You are then prompted to activate two-factor authentication via an app on your phone, though this can be skipped during registration.
So that's a great thing to have as an investor. They have a lot of short-term loans, which is something I really like as it makes sure your money is not stuck in loans for long periods of time.
Unfortunately, PeerBerry does not support Apple or Google Pay, requiring a manual money transfer. You may also need to wait a while for the funds to appear in your account.
However, it’s important to keep an eye on the financial performance of both the group and the platform. These figures change year by year and aren’t so generous that you can make big leaps (at least not currently).
Based on my Viainvest experiences as an active investor, I can confirm the reliable return expectation in the double-digit percentage range.
Most competitors offer such a marketplace and thus help investors to get out of a loan quickly in an emergency. When you invest, you are completely dependent on the success of the ViaSMS Group. As this is the only lender on the platform, all loans logically originate from this company. In the event of economic difficulties, your capital could be at risk.
You can review all projects, but unless you are well-versed in European p2p loans, you are likely to rely on the platform’s own credit checks. PeerBerry provides a convenient Auto Invest feature for this purpose.
I also always do a close examination of the loan originators a platform uses, as this is usually where a platform will encounter problems if anything bad happens like a financial crisis.
Notably, Nectaro also offers competitive interest rates of up to 15%. More details on this Viainvest alternative can be found in my Nectaro review.
We appreciate your positive feedback regarding repayments of war-affected loans. Over the course of the 24 months of conflict, PeerBerry partners have diligently repaid investors a remarkable EUR 47.
A so-called demand imbalance can occasionally occur. This happens when there are more investors looking mintos to invest in P2P loans than there are available P2P loans. Smaller platforms can experience this from time to time. In general, you have two options:
All P2P loans come with a basic risk. Although defaults on individual loans are protected by the buyback guarantee, if the ViaSMS Group were to become insolvent, our capital would be jeopardised. However, all signs currently point against this scenario.
Another aspect is Viainvest’s IT. Various situations in the past (such as recent regulation) have shown that extensive IT adjustments usually end up in absolute chaos. As an investor, you need to be patient and weather through these situations.