For the first time on Mintos, investors now have the opportunity to invest in loans in Swedish Krona, thanks to Aasa Group.
Aasa Group is the largest loan originator on the Mintos marketplace. Established in 2010, it is one of the top alternative lenders on the Polish and Finnish markets. Since its inception, Aasa Group has issued more than 523 000 loans worth EUR 516 million. The company started its operations in Sweden in May 2017, and issues loans through Aasa Kredit Svenska AB.
Aasa Group started placing loans from Sweden on Mintos in October 2017. The consumer loans , which were initially offered in euro (EUR), will now also be available in Swedish Krona (SEK). Swedish Krona is the seventh currency you can now invest in on Mintos.
Sweden-issued loans listed on the Mintos marketplace by Aasa range from SEK 9 700 to SEK 50 000, with repayment period from 6 to 36 months. The average net return to investors will range from 7 to 13%.
For loans that are delinquent for more than 60 days, Aasa offers a buyback guarantee. The obligations of Aasa Kredit Svenska AB are guaranteed by Aasa Group. The company keeps at least 5% of each loan available on the Mintos marketplace on its balance sheet to retain its “skin in the game”.
There are two ways to invest in SEK loans on Mintos: transferring SEK directly to your investor’s account on Mintos or by converting your primary currency into SEK on the Mintos platform.
If you would like to transfer SEK directly, please use the following bank details:
Bank name: SEB Sweden
Beneficiary: Paysera LT
Bank account: 531 – 6468
Replenishment currency: SEK
Payment purpose/details: EVP9410001845276 XXXXXX – Add funds to investor account (where XXXXXX is your Mintos investor ID number)
Account holder: AS Mintos Marketplace
Be sure to indicate the exact payment purpose given in the instructions to ensure that funds reach the Mintos Paysera account in time; deviations may cause a delay in the transfer and additional fees may be applied.
If you would like to use the currency exchange on Mintos, go to the “Deposit/Withdraw/FX” section in your investor’s account and choose the “Currency Exchange” tab. For EUR to SEK conversions on Mintos, there is a market-level fee of 0.5%.
If you use Auto Invest on Mintos and want to invest in Aasa loans issued in Sweden in SEK, make sure to adjust your Auto Invest settings accordingly.