Viainvest - P2P Lending Investment Review

Viainvest Overview

  • Average Return: 13%
  • Buyback: Yes
  • Min. Investment: €10
  • Loan Terms: 1-72

Viainvest Index

Investing in peer-to-peer lending sites has significantly grown over recent years. For those investors that are looking into ViaInvest, this review should greatly help you to understand what the platform is all about and how it operates.

What is Viainvest?

ViaInvest is a peer-to-peer lending site that facilitates the investment by private lenders into funded loans that are issued by lenders that are not necessarily banks. This company was formed in December 2016, and it is under the ownership of the VIA SMS group. It is important to note that the non-banking lenders on ViaInvest are all subsidiaries of the VIA SMS group.

ViaInvest is located in Riga, Latvia, and currently has operations in more than seven countries.

How does ViaInvest operate?

The main difference between ViaInvest and other peer-to-peer lending sites is that ViaInvest does not use any external loan originators. Borrowers make applications to a VIA SMS subsidiary. If the loan is granted successfully, the company funds it and reflects it on the ViaInvest platform, and investors can now invest in it. The loans are usually financed 100% by the originator, but they can only sell 95% of the loan on ViaInvest.

It is important to note that the loans offered on ViaInvest are usually short-term loans, less than 12 months. However, some loans go past 12 months. The loans on ViaInvest are mainly issued to consumers from different countries across Europe. The countries include.

Features of the ViaInvest Platform

  • Auto-invest

Just like other P2P platforms, ViaInvest provides its users with an auto investing tool that they can use to automate their investments. The tool is simple to use with a simple and clear user interface. When using the auto-invest tool, an investor can choose the type of loans and from which originator the auto-invest tool can invest in.

It is important to note that ViaInvest has a limited number of loans since they do not work with external originators. As a result, it is not possible to diversify to spread the risk.

  • Mobile App

ViaInvest has a mobile app that gives its users a better investment management experience. With the app, you can invest, make deposits, withdraw, generate your account statement, and get a brief overview of your portfolio.

The ViaInvest app is simple to use. However, you should note that the app only provides vital information, and not everything can be found on the app.

  • Customer support

ViaInvest has a good customer support system. According to an investor on the site, all the queries submitted to the team are always responded to within a day.

  • Fees and Costs

Just like most peer-to-peer lending sites, all transactions on ViaInvest are absolutely free. You are not required to pay anything to deposit, withdraw, or manage your portfolio.

  • Buyback guarantee

It is important to note that even though ViaInvest offers a buyback guarantee, it is not on all their loans. The guarantee provides security to investors in a case where the borrower decides to default their loan payments for one reason or the other. The good thing with ViaInvest is that it has a shorter payment default period, 30 days, which warrants for a buyback. All loans on the platform that have a buyback guarantee on the platform have a yellow vault on them.

  • Taxes

This feature exempts ViaInvest from other peer-to-peer lending sites. ViaInvest withholds taxes on the profits made. However, it is essential to note that the taxes are only automatic to investments in loans that originate from the Czech Republic and Spain. Investments in loans originating from Poland do not have the automatic withholding of taxes.

What's missing on the platform?

  • Secondary market

The secondary market feature is missing on the platform. However, it is not that necessary, considering that the loans on the ViaInvest platform are majorly short-term.

Who’s legible to invest in ViaInvest?

Individuals, as well as companies, can invest in loans found on the ViaInvest platform. To qualify for an investment on the platform, you should be able to meet the following requirements:

  1. Be of legal age
  2. Must reside within Europe or Switzerland

Is it safe to invest in ViaInvest or not?

Every investor’s greatest concern is whether the reinvestment is safe or not. To help you determine whether it is safe or not to invest in ViaInvest, we have looked at the following factors.

  • Non-performing loans

Non-performing loans are those that end up defaulted or have late payments. Of all the loans listed on ViaInvest, only 7.2% have ended with late payments or defaulted. However, it is important to note that this rate only represents the loans listed on ViaInvest and not all loans issued by the VIA SMS group.

It has a buyback guarantee on most loans, and this reduces risk hence making it safer to invest in the ViaInvest platform.

Pros & Cons of ViaInvest

Pros
  • It has a relatively high-interest rate on loans of about 11%
  • There are no investment fees or any other fees on the platform
  • Investors have access to the auto-invest feature
  • ViaInvest has a high loan liquidity
Cons
  • Though it has a reasonable interest rate, the returns are lower compared to their competitors. This is caused by the taxes charged on profits made from investments.

Conclusion

The only twist with ViaInvest is that they tax the investor’s income. Though it is a legal requirement, it still doesn’t add up, considering that other peer-to-peer lending sites do not use it. Nonetheless, ViaInvest is a good P2P site for you to invest in. The loan originators are from a well-established company, which gives some assurance that the company is here to stay, and the parent company can easily handle any risks.

With only 10 euros, you can start your investment journey at ViaInvest. There is no guarantee that your investment will be an automatic success; there will be ups and downs. But with the information provided herein, you are in a better position to know what to expect from ViaInvest and whether or not you should invest there. Click on the link below to sign up on ViaInvest today!

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