
rethink P2P (English)
February 28, 2025 at 03:42 AM
*Bondora Go & Grow: Only 6% from April!*
After learning about the interest rate cut a few weeks ago but being asked to keep it confidential, #bondora has now officially communicated the news.
The interest rate on Bondora Go & Grow will be reduced to 6% p.a. from 1 April 2025. The removal of the monthly deposit limit, which was introduced in September 2024, will be maintained beyond April.
In this context, the end of Go & Grow Unlimited is also sealed. Investors do not need to make any adjustments in this regard. The new interest rate will be applied automatically from 1 April.
*My opinion:* In my view, it was somewhat foreseeable that there would be an adjustment. On one side, due to the deteriorating overall performance of the loan portfolio in recent years (the statistics page has been offline for several weeks now), and on the other side, Bondora will be able to finance its lending operations at a lower cost as soon as the banking licence has been obtained.
*Read the official announcement:*
https://bondora.com/de/blog/go-grow-just-got-even-simpler/