Mintos secondary market fees
Last updated on 16 May 2021 by Reza
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Dear reader, this post was translated recently. We are working on making the article perfect. Thank you for your understanding.
On Mintos*, investors have access to a secondary market (Zweitmarkt) 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 to you what fees investors can expect to pay on the secondary market.
Fees for the sale of loans
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 on the hook yourself.
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 that 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 paidtheir interest and repaymentswithout problems so far, you can expect to pay a markup.
This is logical, because if you acquire a loan that is delayed, you have a greater risk of default. 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.