Bondora – Page 2 – Passive income

New bid allocation model at Bondora

By MPI21st April 2017News, Peer-to-Peer Lendingbid allocation, Bondora, invest, peer-to-peer lending

Bondora’s new bid allocation model levels the playing field for investors

Marketplace lending is becoming a mainstream investment choice. However, as the investor base grows, so does the competition for loans.

Originally, if a loan received too many bids (overbid), Bondora would rank the bids based on size. Unfortunately, this method made it difficult for investors with smaller bids to get the loan. Some investors got their entire bid accepted while others were left out. Now, they are changing the bid allocation model to be more inclusive to all bidders.

They will no longer rank the bids based on size. Instead, they will proportionally distribute loans among all investors trying to buy them. In short: All bidders will get a piece of the loan. This way everyone – big and small investors – will get access to the same loans.

Here’s an example of how the new system will work: A borrower requests a €1,000 loan. Several investors bid a total of €2,000. As a result, each investor who made a bid would have 50% of their bid accepted. This way each investor would be able to get access to all loans they want, albeit sometimes for much smaller amount they wanted.

This bid allocation model implementation will be automatic and requires no action from investors. Bondora will be removing investor ranking on 20th of April . However, please note that minimum investment size setting in the API and Portfolio Manager will become obsolete with this change.

Initially, there will be an absolute minimum investment size of €1 in order to facilitate investment level calculations using the current technology. Over the coming months Bondora will however be rolling out a new infrastructure that allows fractionalizing loans to much smaller units making the proportional distribution even more precise.

Free signup bonus from Bondora

By MPI21st April 20171 commentNews, Peer-to-Peer Lending5 EURO, Bondora, bonus, free signup, peer-to-peer lending

The peer-to-peer lending marketplace Bondora offers now a free 5 euro bonus on sign up. To receive it, you must REGISTER and comply with the terms and conditions. After signing up, the bonus will be found in your account and you will be able to use it to make your first investment.

Later edit: the 5 euros you get bonus are for a trial period of 30 days. In order to keep them you must make a minimum 10 euro investment during this trial period. The easiest and quickest way to do this is through a debit or credit card within the platform. More details about debit/credit card deposits at Bondora can be found HERE.

Even so, a 100% yield, made in less than 15 minutes, is not bad.

For other bonuses visit our Cash-back & Bonuses page.

Bondora accept deposits with Visa and Mastercard debit and credit cards

By MPI21st April 20171 commentNews, Peer-to-Peer LendingBondora, deposit, investment, Mastercard, SOFORT, Visa, Wirecard Bank

New instant payment options at Bondora. You can use a Visa, Mastercard credit and debit cards or SOFORT online payments to make an instant deposit. These changes mean users can invest faster. These new options come at no additional cost. Once you make a payment you will immediately see the results in your Bondora account.

You can add funds to your account in a five easy and secure steps: (1) enter the payment amount, (2) enter your credit card details, (3) log in to your bank in case of 3D Secure, (4) confirm the transaction and (5) see the deposit immediately on your Bondora account.

Secure payments

All these options come without sacrificing any of the privacy users expect. Wirecard Bank secures all payments via credit card. Bondora do not receive or retain any user’s credit card information. This method meets all the regulations required for PCI certification. The users in Austria, Belgium, Germany, Italy, the Netherlands, Poland, Switzerland, and Spain can choose SOFORT as an instant payment option. This secure method requires no storage of any confidential information.