Mintos secondary market fees

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Reza Machdi-Ghazvini,CAIA
Last updated on 03 September 2021

Mintos secondary market fees

On Mintos, investors have access to a secondary market where they can sell and buy loans. Especially investors who invest in loans with longer terms can use the secondary market to get their money quickly in case of an emergency.

In this short article, we would like to explain the fees investors need to pay on the secondary market.

Fees for the sale of loans

Mintos fees for selling on the secondary market

For selling loans, Mintos charges its investors a fee of 0.85% of the selling price.

It's important that you take the selling fee into account so that you don't end up with less than before.

For example, if you have invested €100 in a loan and want to sell the loan directly, Mintos will charge you a fee of €0.85 after you have sold the loan.

So, you should take the costs of selling into account right away, so you don't have to bear the costs.

You can easily calculate the amount with the following formula:

Selling price = ( Purchase price / ( 1 - 0,0085) )

In our example, this means that you should sell the loan at a price of €100.86 (rounded).

Fees for the buyer

Buyers on the secondary market on Mintos do not have to pay any fees.

Markdowns and markups on the secondary market

Basically, for secondary markets, you can usually buy delayed loans at a discount (rebate). Conversely, for loans that have paid their interest and repayments without problems so far, you can expect to pay a markup (premium).

This is logical because you have a greater risk of default, if you acquire a loan that is delayed. On the other hand, with a loan that has paid its loans on time so far, investors can at least assume that the borrower has already proven that it will pay its interest and repayments.