Swaper Review – A Personal Experience
Since I started investing in January 2022, everything has been running smoothly. I set up auto-invest, and it functions seamlessly.
I use it to maintain liquidity thanks to the short, one-month investment term. Even with frequent loan shortages, I’ve still earned a solid 13% interest.
Languages in the website: English and German.
Table of contents
Security
- License: No
- Founded: 2016
- Trustpilot: 3.3 (July 2024)
- Buyback guarantie: Yes
- Diversity: Poor: There are only 3 loan originators. The biggest one is owned by Swaper
- Late loans: I haven’t experienced any
- Defaulted loans: I haven’t experienced any
- Withdrawal: a few days
- Deposit: a few days
Loans
- Interest: 14% (I’ve earned 13% in avarage
- Loan types: Consumer loans and leasing in Spain And North Macedonia + Business loans in Estonia and Poland
- Loan term: 1 month
- Available loans: Mostly it takes a few days to get your funds reinvested
- Minimum invest: 10€
- Secondary market: No – but you may sell back your loans at any time without a fee
- Autoinvest: Yes. No manual investment oportunity
Recomended autoinvest settings
- Choose Custom Invest
- Interest rate: 10%-35%
- Max investment per loan: 20€
- Loan term: 1 month
- Loan status: Current
- Loan originators: All
- Buyback: Yes
- Portfolio Size: All funds
Tax
- Home country: Estonia
- Tax will not be deducted; it’s your own responsibility to declare your earnings to your home country’s tax authority
My advise
I have allocated a significant portion of my investment to Swaper. It’s a convenient method for maintaining liquidity. Usually, there is money available for withdrawal, and you receive it within a few days. It is the most user-friendly crowdlending marketplace I have encountered. However, don’t allocate your entire investment here; it’s crucial to diversify, especially considering that Swaper does not have a license.
Verdict
Pros
- High interest
- Easy autoinvest
- Good place to store your liquidity
Cons
- Owned by the biggest loan originator
- Poor Diversity
Bonus offered by Swaper
- We both get a 2% bonus when you invest €500 or more within 30 days
- Get your bonus here
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