PeerBerry is a European peer-to-peer lending platform for consumer loans based in Latvia. You can invest as low as €10 and earn an average annual interest rate of 10.98% by investing in the platform. It is open to individual and organization investors from all over the world. PeerBerry has investment features like a buyback guarantee, PeerBerry auto invest feature, and a PeerBerry app. However, it does not have a secondary market where investors can sell off their portfolios in case they want to exit the platform.
PeerBerry Review: Quick Facts
- PeerBerry is a peer-to-peer lending platform that offers consumer loans.
- You can invest as low as €10 and earn an annual interest rate of 10.98% by investing in the platform.
- PeerBerry has investment features like an auto-invest feature, buyback guarantee, and mobile app. However, it does not have a secondary market.
As of 2022, PeerBerry had raised over €1.1 billion from investors and paid out over €13 million as an interest to investors. The platform has over 55k investors.
Contents
- 1 Who Can Invest in PeerBerry?
- 2 How PeerBerry Works
- 3 How to Invest in PeerBerry
- 4 PeerBerry Features
- 5 PeerBerry Supported Countries
- 6 PeerBerry Customer Support
- 7 PeerBerry Alternatives
- 8 Is PeerBeery Safe to Invest in?
- 9 Advantages of Investing in PeerBerry
- 10 Cons of Investing in PeerBerry
- 11 Summary of PeerBerry Review
- 12 More Information
- 13 Discover More
Who Can Invest in PeerBerry?
Both individuals and companies can invest in PeerBerry. For an individual to invest in the platform, he must:
- Fill in a registration form on [PeerBerry website](https://fififinance.com/out/peerberry)
- Be at least 18 years old
- Have a European bank account
How PeerBerry Works
PeerBerry works the same way as other investment platforms. The platform works with a group of loan originators from Aventus Group and Lithome. The platform mostly issues short-term loans. Borrowers can make loan requests by filling in an application form on the platform.
PeerBerry does due diligence before listing a loan request by a borrower on the platform. Investors can then invest in such loans by providing funding to borrowers. The investor gets to earn a passive income when the lender pays the interest accrued from the loan. When the loan repayment period is over, the investor is paid the principal amount and accrued interest.
How to Invest in PeerBerry
To start investing in PeerBerry p2p, you need to follow these simple steps:
- Register. The first step is to create an account on PeerBerry website by filling in a registration form.
- Fund your account. The next thing you need to activate your investor account by adding funds to the account. You can do so using a credit card transfer or electronic money transfer.
- Select a loan to invest in. You can invest in a loan manually on the platform. You can also set an auto-invest feature that will help you automatically select loans to invest in. You can set the parameters you need to use to find loans to invest in.
- Track the growth of your investments. You need to check your PeerBerry account to see how your portfolio is growing and the returns you are getting.
- Receive principal amount and accrued interest. When the loan repayment is completed, the investor can access the funds in their account and the accrued interest.
PeerBerry Features
You can enjoy the following investment features by investing in PeerBerry:
PeerBerry Buyback Guarantee
Loans listed in PeerBerry are secured with a buyback guarantee. This feature protects investors from PeerBerry late payments for more than 60 days. The buyback guarantee is provided by the loan originator and is safe as long as the company stays in business. This means that in case the loan originator becomes bankrupt, your buyback guarantee is not safe either.
PeerBerry Auto-Invest
PeerBerry has an auto-invest feature that helps investors automatically choose loans to invest in. You can set parameters under which you want to select loans to invest in. When there is a loan that meets those parameters, the system can automatically invest in it. For instance, you can set the parameters based on countries of origin and the preferred interest rate.
PeerBerry Group Guarantee
In addition to a buyback guarantee, PeerBerry also has a Group Guarantee that protects investors from financial losses in case the loan originators run into some financial difficulties. This feature helps a struggling loan originator.
PeerBerry Mobile App
PeerBerry launched a mobile app available on Google Play and App Store. The app allows you to easily access your portfolio. You can view available and invested funds and interest paid using the app. It also shows you daily interest repayments.
PeerBerry Referral Bonus
PeerBerry has a referral bonus when people signup on the platform using your referral link. You get a +0.5% cash back bonus on your investments for the first three months. Invite as many people to sign up on the platform and earn a cashback bonus.
PeerBerry affiliate program
- Make money with PeerBerry affiliate program. Refer investors and earn a commission of 1% of their invested amount. Plus a €5 bonus for every registration
PeerBerry Supported Countries
PeerBerry was initially open to European investors only. However, it is now open to international investors. It is open to investors from over 70 countries. The platform is now admitting investors from the US, Canada, and Africa. You just need to have a European bank account and fund your account using euros to invest in the platform.
PeerBerry Customer Support
You can reach PeerBerry customer support by phone: +370 61 355 529 or email: info@peerberry.com.
PeerBerry Alternatives
You can invest in the following investment platforms as an alternative to PeerBerry.
Is PeerBeery Safe to Invest in?
PeerBerry is a safe platform to invest in. Investors’ funds are protected by the buyback guarantee and group guarantee. However, the platform does not have an instant cash-out option and does not have a secondary market where one can sell their portfolio.
PeerBerry has 79% “Excellent” ratings on TrustPilot. Many investors have applauded the platform for its excellent customer support, transparency, and safety of their money. However, a few investors complained about the lack of a secondary market on the platform.
Advantages of Investing in PeerBerry
You get to enjoy the following benefits when you invest in PeerBerry:
- High rate on returns. PeerBerry pays a high rate on returns of 10.98% annually to investors.
- Buyback guarantee. PeerBerry has a buyback guarantee that protects investors from possible loss of their money in case borrowers default on loan repayment.
- Auto-invest strategy. You can set your investment portfolio in autopilot mode. The auto-invest feature will help you automatically select loans to invest in if they meet your set requirements.
- Easy to use. PeeBerry has an easy-to-use website and you can easily find loans to invest in. Besides, it has an app that you can use to view your investment portfolio.
- PeerBerry Loyalty Program. If you are a PeerBerry customer for more than 90 days, and your portfolio amount is not less than 10 000 Eur, you automatically participate in the PeerBerry Loyalty program and receive the extra bonus for your investments.
Cons of Investing in PeerBerry
- Challenging to exit the platform. PeerBerry does not have a secondary market where investors can sell their portfolio in case they want to exit the platform.
Summary of PeerBerry Review
PeerBerry is a peer-to-peer lending platform for consumer loans. You can invest on the platform as low as €10 and earn an annual interest rate of 10.98%. the platform has a mobile app you can use to view your investment portfolio and an auto-invest feature you can use to invest in autopilot mode. Besides, investors’ money is protected using a buyback guarantee that protects them against default in repayments by borrowers. However, it is challenging to exit the platform since PeerBerry does not have a secondary market where investors can sell their portfolios.
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