UK based loan originator Evergreen Finance London Ltd launches on Mintos

A brand new loan originator from the United Kingdom has launched on the marketplace – Evergreen Finance London Ltd. Now you can invest in the company’s personal loans and earn net annual returns of up to 10%.

Established in 2014, Evergreen Finance is regulated by the Financial Conduct Authority (FCA), one of the most respected financial regulators in Europe. The company issues its personal loans through the brand provides small loans of GBP 200 to GBP 1,500 for new customers, for between 2 and 6 instalments, at a rate of 0.7% per day. As of September 30, 2019, the company has disbursed GBP 27.7 million worth of loans to 37,081 individuals.

Customers of are UK residents, typically working-class individuals, who prefer to access personal credit in a timely and convenient manner. They borrow in order to meet unexpected expenses.

All applications are made via the company’s mobile-friendly website. Applicants are algorithmically prescreened, checked for credit and affordability, and are approved if they fall within the accepted criteria. The data received is reviewed by a leading UK credit reference agency. Once approved, credit agreements are produced, sent and signed electronically. The whole process can take as little as a few minutes. 

“Having the ability to raise finance to grow our portfolio, with the flexibility Mintos offers in terms of repaying the loan to the investor as the customer pays down, is a massive plus point that alternative platforms don’t provide. It ensures that risk is mitigated for investors & as an operational lender we’re not sitting on wasted capital,” said Yisrael Perkel, Director of Evergreen Finance.

Evergreen Finance on Mintos

On Mintos, Evergreen Finance’s UK-issued loans range from EUR 231 to EUR 1737, with a maturity from 2 to 6 months. You can expect a net annual return of up to 10%. Evergreen Finance has received a Mintos Rating “B+”.

All loans placed on the marketplace by Evergreen Finance will be secured with a buyback guarantee, and will be repurchased by the loan originator should the loan become delinquent for 60 days or more. Furthermore, the company will keep 10% of all loans on its balance sheet, to maintain its skin in the game.

As of September 30, 2019, Evergreen Finance had a net loan portfolio of GBP 4.1 million. For the company’s financial year, ended June 2019, the loan originator had revenue of GBP 11.1 million.

Don’t miss out on this great opportunity to add investments from the United Kingdom to your loan portfolio. If Auto Invest is your preferred way of investing on Mintos, then be sure to update your settings accordingly.

First seen onMintos Blog

Scroll to Top