Why you should consider investing in Bondora Go and Grow

Bondora was founded in 2008 and is one of the older peer-to-peer lending platforms. Previously, the main way to invest with Bondora was to pick consumer loans directly through Portfolio Pro or the Portfolio Manager.

In May 2018, Bondora released Go & Grow. The big advantage of Go & Grow compared to other crowdlending offers is that you can access your money at any time, which is not possible if you’re lending your money out on other platforms (although you might be able to sell loans on the secondary market). Bondora automatically invests your money into a well-diversified bucket of tens of thousands of different loans across all credit ratings (AA-HR).

If you invest for the first time at Bondora note that new investors who sign up through a referral link can get a €5 starting bonus (terms apply), more details HERE.

What is Go & Grow?

Go & Grow works as easily as (if not easier than) traditional investment methods with a target return of up to 6% p.a. (a yield target, not a guarantee). You simply add money to the account and track your return daily. There is no fixed term, and you can request a withdrawal at any time (processing times can vary).

A fundamental difference between Go & Grow and the products of other peer-to-peer lending platforms is the liquidity. If you’re looking for a short-term product in which you can liquidate your investment quickly, this is difficult to do with other existing platforms.

Reasons to use Go & Grow

The P2P industry has gained enormous popularity over the past few years. However, some investors have felt excluded from the incredible opportunity due to thinking they lack enough experience. No matter your experience level, Go & Grow offers market-leading benefits for all:

• Target return of up to 6% p.a. (not guaranteed; your capital is at risk)
• Faster liquidity, meaning you can cash out your investment with minimal effort
• Your money is spread automatically across many loans (diversification reduces, but does not remove, risk)
• A flat €1 withdrawal fee, regardless of the amount withdrawn
• Share your account access and invest with people you trust to achieve a common goal
• Ideal for beginners, as no previous investment experience is necessary
• Automated features

A very important aspect for Bondora Go & Grow and which is not explained very clearly is that INTEREST is added DAILY to your account, so you do not have to wait a certain amount of time to benefit from the growth. This way, within a short period of time, you can clearly see the progress you are making towards your goal and how much Bondora has contributed to your total progress.

Other features of Bondora’s Go&Grow

• Invite the people you trust: you can invest in cooperation with your friends and family members. To add authorized users to your Go & Grow account, click on the blue arrow in the upper right-hand corner of your account next to the settings wheel. You will then see the option “Invite to Go & Grow” appear. Once you click on this, enter the name and e-mail address of the person with whom you want to start investing. You can also select whether you want to grant this person the authority to withdraw from the account. You should only enable this feature for the people you trust.
• Sub-accounts: you can create multiple accounts within Go & Grow (or “sub-accounts”) which will be independent of one another.
• Setting goals: you can set goals for each sub-account within Go & Grow. You enter your starting capital amount, the amount you plan to invest monthly, and the duration of time for which you plan to invest. Bondora then combine this with the offered return rate to give you the “potential gain” figure.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investing involves risk, including the possible loss of capital — always check current terms directly on the platform before investing. This article may contain affiliate links; if you sign up through them, we may earn a commission at no extra cost to you.