4 Min. Read

Lendermarket Review: Is it good? Don't invest before you read this! (2/2023)



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Test result

3.18 of 5

1% Cashback on Lendermarket


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Interest & Risks

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  • Experienced platform

  • Comparatively high Ø interest rates

  • Invest free of charge

  • Automatic investment function

  • Buyback guarantee


  • Unregulated dropdown icon

  • No secondary market dropdown icon

  • No app

How good is Lendermarket?

If that's what you want to know, then keep reading.

We took a close look at the platform and tell you whether it's worth it.

In this test, we show you:

What is Lendermarket?

Lendermarket is a P2P platform from Dublin in Ireland, founded in 2015.

It is a sister company of Creditstar Group from Tallinn in Estonia. That's why the vast majority of P2P loans are offered by loan originators who are also part of Creditstar Group. Creditstar Group also offers loans on Mintos.

Since its inception, the platform has funded more than 300 million worth of loans, making it one of the mid-sized P2P platforms in Europe.

How does Lendermarket work?

If you want to invest on Lendermarket, you first need to register online and then deposit money.

With your first deposit via a SEPA bank transfer, you also confirm the bank account to which withdrawals can be made.

After that, you can start investing directly.

On Lendermarket, you can choose to invest manually or automatically.

However, you can only invest in the primary market (initial issuance of loans), as unfortunately, there is no secondary market (loans from other investors) offered.


In the following, we would like to present the most important features of the platform.


The platform is not regulated by any financial market regulator.

The platform has informed us though that it is currently in the process of preparing the application to become a regulated platform.


On average, the loans have an interest rate of 14.10% and loans are offered with a minimum interest rate of 8% to a maximum of 15%.

A comparison shows that the average interest rates are above average and only a few other platforms offer comparable or higher interest rates.

These include the platforms NEO Finance with about 15% and Reinvest24 with 17%.

On Lendermarket, 9 credit intermediaries currently offer their loans, most of which (as expected) belong to the Creditstar Group.

The following types of loans are offered for you to invest in:

  • Payday Loans,

  • consumer loans and

  • Real Estate.

Payday Loans and Consumer Loans have the largest share of the offer.

The loans come from 8 countries, but mainly from:

  • Poland,

  • Spain,

  • Estonia and

  • Finland.

The maturities range from 1 to 120 months.

However, since payday loans and consumer credit are offered for the most part, most loans have short terms of a few days.

Manual investing

You can choose every single loan you want to invest in on the platform.

Among other things, this makes sense if you're just starting out investing and don't want to wait for Auto Invest to invest for you.

Unfortunately, Lendermarket does not offer a secondary market in case there are not enough loans available on the primary market.

Auto Invest

Lendermarket offers the Auto Invest, a feature that allows you to invest automatically.

The following settings are possible:

  • Investment per loan,

  • interest rate,

  • maturity and

  • countries.

Auto Invest is kept very slim and can be set up within a short time. With just a few clicks, you can define in which loans you want to invest.

Secondary market

Lendermarket does not offer a secondary market. However, the platform told us that it is currently working on offering a secondary market.

However, since most loans only have short terms of a few days, this is not a big disadvantage in our opinion. Only with longer maturities, the possibility to exit earlier would be essential.

Tax report

On Lendermarket, you can easily create the documents for your tax return.

For each year, a tax report is offered, which you can download.


Unfortunately, the platform does not offer an app to manage investments.

At this point, we don't expect anything to change in the future.

How much does investing on Lendermarket cost?

Lendermarket is completely free for investors to use.

The platform does not charge any fees for deposits, withdrawals or other transactions.

Warning signals (red flags)

Currently, we have not noticed any warning signals with Lendermarket.

Lendermarket Bonus

If you sign up through our cashback link, you will get 1% cashback after you sign up.

For the calculation of the cashback, your investments during the first 60 days after your registration will be considered.

1% Cashback on Lendermarket

Frequently asked questions

Below, we address some questions that are often asked about Lendermarket.

Lendermarket is unfortunately not officially regulated by any official financial market regulator, which typically leaves no doubt about its safety.

But the fact that the platform has successfully brokered loans on a considerable scale and its affiliation with the established Creditstar Group speaks for its safety and legality.

That's why we rate Lendermarket as a safe platform.

How does Lendermarket earn money?

Lendermarket makes its money mainly through commissions charged by loan brokers.

Who owns Lendermarket?

Lendermarket is owned by SA Financial Investment OÜ, an Estonian holding company that is fully owned by Aaro Sosaar, the CEO of Creditstar Group.

Expert conclusion

Lendermarket is a safe P2P platform with a financed loan volume of more than €300 million.

The platform offers its investors above-average interest rates and the use is free of charge.

After a quick registration, a first deposit can be invested automatically via Auto Invest.

However, Lendermarket also has some weaknesses.

In particular, it lacks a secondary market to be able to exit loans early or to buy loans with discounts. Although the company is working on this.

Furthermore, the platform has now reached a size that, in our opinion, justifies regulation by a financial market regulator, which the platform is aiming for.

Overall, we consider the platform to be recommendable.

1% cashback on Lendermarket

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Last updated on 12 November 2022