Borsa del credito - Overview

Borsa del Credito is an Italian lending platform which focuses on medium term (36 to 60 months) financing for micro-businesses and SMEs.

Until now I have no overdue on my loans but the cash flow is pretty low and doesn’t look “automated”: once the payment date is reached the loan remains on a working period which lasts until a week. I began my investments on this platform the 15/06/2016 but until now the annualized return is 1,23%.

Returns & Commissions

The returns don’t look very interesting. The platform assures a skimpy gross return of 5% per year.

Sadly the platform has a 1% commission cost per year, but with the promotion “Profilo gestito” this commission is cancelled. The conditions for this promotions are:

• Minimum deposit of 5.000€
• You can’t manage your loans or select the borrowers.

Secondary market

There is a second market available but this has very high costs. For every transaction there is a commission fee of 15,00€ and a 1% commission on the sales.

I can’t talk much more about this second market because I still didn’t test it: a very low return is always better than a negative return.

Communication

There in not any type of communication active. Not a newsletter, a summary (neither monthly) or a report. Until now I did not receive any kind of communication about upgrades or changes.

Conclusions

This has been one of the first platform I tested and if I wouldn’t have found other great platforms such as Mintos or Twino probably I wouldn’t write this blog.

The returns are low, very low. The second market is a scum: exists but would be better to stop it. The platform doesn’t look engineered. The withdrawals are not allowed for amount lower than 100,00€.

I would have already closed this platform but I don’t want to sell with these costs, so I’ll wait and update hoping for further improvements.

Last edit: 5 september 2016