I prepared a comparison of Zonky and Mintos platforms based on the technical parameters that the individual platforms show about themselves. Zonky is, of course, a popular Czech place to invest, but it is a great pity that people will not find out more about P2P loans and will immediately jump on the first platform they see.
TECHNICAL COMPARISON OF ZONKy AND MINTOS
This is a comparison from the point of view of an investor with whom I have a lot of experience on both platforms. Below the table is an even smaller glossary of terms and links to even more detailed reviews of both platforms, including my current assessment.
|Language||Czech||English, Czech, German, Spanish, Polak, Russian, Dutch|
|Currencies||CZK||CZK, EUR, PLN, DKK, GEL, RON, GBP, SEK, RUB, KZT|
|Primary market charge||✔ – Based on loan rating||❌|
|Secondary market charge||✔||❌ – In addition, it is possible to buy / sell a loan with a profit or a discount|
|In addition, it is possible to buy / sell a loan with a profit or a discount||6,03%||11,99%|
|Auto invest on primary market||❌||✔|
|Auto invest on secondary market||❌||❌|
|Withdraw to the Bank account||✔||✔|
|Buy back guarantee||❌||✔ (after 60 days)|
|Access to loan information||❌||✔|
|Filtering loans by parameters||✔||✔|
|The need to verify documents||✔||✔|
|Czech National Bank registration||✔||❌|
- Buy back guarantee – if the borrower does not repay for several days, the loan is redeemed from you in full, including interest.
- Primary market – purchase loans directly from the provider.
- Secondary market – buying loans from another lender.
- Auto invest – an automatic robot that buys loans for you according to the parameters you specify.
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ARE THE Zonky BETTER OR MINTOS?
In fact, this question cannot be answered unambiguously; Zonky will most likely be better for investments in CZK and Mintos in EUR on the contrary. It’s just good to always think about where I invest my money.
For me personally, the clear winner of Mintos is based on this, because I invest more abroad and higher earnings are still a bonus. And that’s why I just switched to Mintos.