My Viainvest experience with the website and the investment tools is correspondingly positive. There are two options here: Manual investment
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Many short-term loans available ensuring your money isn't stuck for long periods and providing better liquidity
It's now been over a year that I invested on the platform, and I can say that so far, everything is working as expected. My estimated annual return is at 10.91%, which makes sense as I mostly invested in loans with a yield around 11%.
Part of our testing period overlapped with the ongoing repayment of Ukraine-affected loans from the 2022 crisis. This gave us the opportunity to observe how PeerBerry managed this significant challenge:
There are always loans available on the platform, which means that our investment results depend on our investment choices only.
Investors should look very carefully at the potential risk factors when evaluating a P2P platform. What is it that investors need to be aware of when it comes to Viainvest? Where are the underlying risks and how can they be assessed?
In principle, interest income generated by loan financing is considered investment income and must be reported as such in the tax declaration.
The verification process includes document upload and identity confirmation. Have your ID and proof of address ready to speed up the verification process.
The company also offers a small number of business loans that work with option three, i.e. depositing collateral. However, I have no experience with Viainvest’s business loans, as I focus on the platform’s consumer loans – which I simply consider to be much more lucrative.
As I mentioned earlier, most loans on the platform have returns around 11 - 12%, and the platform currently advertises an average return for investors which is also in this range.
A so-called demand imbalance can occasionally occur. This happens when there are more investors looking 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:
Overall, I really liked the fact that they are fully transparent with their loan originators, and it is really easy to find detailed information about each of them on the website of PeerBerry.
The IBF licence is generally regarded as the accolade for the popular platform – but the transition was anything but easy for investors! In order to meet the requirements of Latvian and EU regulations, some changes were necessary, which unfortunately did not peerberry go smoothly.