Author Topic: PeerBerry P2P Lending Platform  (Read 223 times)

peterk

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PeerBerry P2P Lending Platform
« on: May 30, 2019, 03:20:27 PM »
- 12.5% with buyback after 60 days
- At the moment most loans are for less than 30 days loans (ideal for people looking for liquidity in their investments)
- Belongs to Aventus Group (large and profitable pay-day loan provider)
- Auto-invest available

I have been using them for a while now and I am pretty satisfied with the performance. If you want you can read a more in-depth review in my blog here: https://p2pincome.eu/peerberry-review/

Fred93

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Re: PeerBerry P2P Lending Platform
« Reply #1 on: May 30, 2019, 04:25:38 PM »
You say they charge "no fees", but this is obviously wrong.  I suspect that the rate they charge the borrower is far higher than the rate they pay the investor.  The difference is a fee.

Where would one find financial data on the company?  Their cost of capital is obviously >11%.

peterk

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Re: PeerBerry P2P Lending Platform
« Reply #2 on: May 31, 2019, 10:18:16 AM »
The difference of the interest charged to borrowers and the interest paid to investors is to cover defaults and for the company to be able to pay the buyback guarantee and obviously their profit. Usually, with other p2p lending platforms, the loan originator pays a certain fee to the platform in order for the platform to list their loans. Now with Aventus Group since they are both the loan originator and the platform operator, the use of the platform is that they don't have to pay these kinds of fees to list their loans in other platforms. You can check the group's numbers on their website here: https://aventusgroup.com/

HonestFIRE

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Re: PeerBerry P2P Lending Platform
« Reply #3 on: June 04, 2019, 10:55:57 AM »
- 12.5% with buyback after 60 days
- At the moment most loans are for less than 30 days loans (ideal for people looking for liquidity in their investments)
- Belongs to Aventus Group (large and profitable pay-day loan provider)
- Auto-invest available

I have been using them for a while now and I am pretty satisfied with the performance. If you want you can read a more in-depth review in my blog here: https://p2pincome.eu/peerberry-review/

Who guarantees for the buyback? What happens if the platform goes bust?

peterk

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Re: PeerBerry P2P Lending Platform
« Reply #4 on: June 04, 2019, 01:56:34 PM »
The buyback is guaranteed by the loan originator, in this case, Aventus Group. The group is profitable and I don't think that the platform failing is an issue right now.