Investing

Loan bid

A user who wants to lend money to other portal users via the portal and participate in the auction as an investor shall submit additional data to t...

What is an Autoinvest?

The investor may also make bids via a special automatic application Autoinvest. For this, the investor sets suitable parameters for his/her loan bi...

Who is a lender?

An investor (at least 18 years old) with whom the borrower has concluded a loan agreement as a result of the auction. 

Who is an investor?

At least 18 years old portal user, who has made a loan bid via the portal. According to our internal rules our customer can be a citizen or a perma...

What is the credit score?

A subjective assessment of the portal administrator of the borrower's predicted payment behavior and risk level for the lender. Credit score next t...

What is DSTI?

DSTI is a debt service to income ratio. The ratio between the borrower's loan payments (level of credit burden) and income, which is used for calcu...

How is verified borrower information, including income?

The borrower's personal identification number and validity of the document are verified from the respective national databases. The loan applicatio...

Does a legal person (company) need a license as a creditor for lending in Monestro portal?

Creditors and credit intermediaries operating requirements are regulated by the law for creditors and credit intermediaries in Estonia called Kredi...

How to start investing through a company?

Important steps to start investing as a company:1. Register a user.1.1. Make an investor application.1.2. Authorize your portal account with a paym...

What will happen to the loans in default?

The lender is entitled to cancel the loan agreement extraordinarily, if the borrower has fundamentally breached the obligations arising from the lo...

Does Monestro deduct taxes from investments?

Monestro does not deduct taxes. Investor is fully responsible for declaring her/his investments.

How is investor protected if Monestro has financial problems?

Customers' assets are kept separately. So, if Monestro would have financial problems this will not influence customers' funds. 

How to get information about my investments?

The information about your current investments is available under "My investments" -> "Investments list":It is possible to filter out the invest...