EstateGuru: Loan Portfolio Overview July 2020

S4F News&Insights EstateGuru @ Savings4Freedom
In July 2020, investors funded almost €8M worth of loans. Investment levels are still below pre-COVID levels but the recovery is steady and sustainable.

This update shows the steady recovery of EstateGuru, after the initial COVID-19 impact. Loan applications have growth as well as the amount of funds made available by investors.

Volume of Financed Loans

During July 2020, EstateGuru investors financed almost €8M worth of loans, a small increment when compared to the €7,6M funded in June.

S4F EstateGuru Update 1 July 2020 @ SavingsForFreedom
Source: EstateGuru Blog

During the month, EstateGuru borrowers paid back €7,8M worth of loan principals and the rate of loans repaid (fully repaid) in July 2020 was 11,6%. The track record of EstateGuru remains impressive with a total amount of €17M in investors earning since 2014.

S4F EstateGuru Update 2 July 2020 @ SavingsForFreedom
Source: EstateGuru Blog

Volume of Defaulted Loans

The amount of defaulted loans remained below €5,5M. Small recoveries occurred in Latvia (partial repayments) and five loans were marked as defaulted (in Estonia and in Latvia worth a total of €400K). July achieved two successful auctions being expected funds in August-September, with other two defaulted loans voluntarily repaying their debts. The platform objective is to keep the default rate below 10% and a steady recovery process of the defaulted loans.

EstateGuru Track Record

S4F EstateGuru Update 3 July 2020 @ SavingsForFreedom
Source: EstateGuru Blog

New Debt Collection Process

The new Estateguru internal debt collector started working in August. A contract with a Finnish debt collection agency was signed and Estateguru is looking for cooperation oportunities in Lithuania regarding late and defaulted loans. In Latvia, the current cooperation with the debt collection agency has thus far been successful.

Sign-Up Bonus

Earn 0.5% on all investments over the first 3 months in cashback

What to learn more about Estateguru?

EstateGuru Investments @ Savings4Freedom
Check all articles about Estateguru

EstateGuru Alternatives and Competitors

Real Estate Loans @ Savings4Freedom
Business Loans @ Savings4Freedom
Personal Loans @ Savings4Freedom


Do you what to receive updates on new publications? Check SavingsForFreedom on Telegram and WhatsApp, or follow the blog in the links below! Thank you!


The blog contains affiliate links. Please learn more about it in the Disclaimer.

1 Shares:

Share your opinion on this topic!

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like
S4F News Crowdestor Investor Improvements @ SavingsForFreedom
Read More

Crowdestor: Website Down

Crowdestor investors are having trouble accessing their accounts. After the initial panic reaction, the company justified the event with a DDoS attack.
S4F NewsInsights Iban Wallet @ Savings4Freedom
Read More

Misconceptions about Iban Wallet

In June 2020, IBAN Wallet wants their investors to understand the very nature of the platform. Neither a P2P based model neither a bank. Learn more on this post!
S4F News Insights Viventor @ Savings4Freedom
Read More

Viventor: Acquired by Gielen Group

Lotus 597, own by Gielen Group that also owns Atlantis Financiers (a loan originator), has purchased 100% of Viventor. What this means for the platform future?