Until February 16, 2018, invest in Mogo loans with a maturity of four years or more and get a cashback immediately. You will get an instant cashback of:
- 4% for investing in Mogo loans with a maturity of 48 to 59 months,
- 5% for investing in Mogo loans with a maturity of 60 months or more.
Only investments made on the Mintos primary market qualify.
Mogo is one of the top loan originators on the Mintos marketplace. The company joined Mintos in March 2015, and has since funded car loans worth EUR 91 million through the marketplace. To date, the average net annual return offered for Mogo loans has been above 12%.
When will I receive my cashback?
The cashback will be transferred to your Investor’s Account on Mintos within six working days from the day you make the investment.
What will happen if the loan originator will re-buy my long-term investment?
Sometimes loan originators re-buy the loans before their maturity. If this happens, you will get to keep your cashback.
Do I need to enroll each time I make a new investment?
No. To participate in the campaign, you need to enroll only once. All investments made after that will qualify for cashback.
Do investments made prior to enrolling in the campaign, qualify for cashback too?
No. Only new investments made after you have enrolled in the campaign on your Investor’s Account qualify for a cashback.
Why would I want to invest in long-term loans?
Investing long-term has many benefits. The returns offered for these loans generally are higher than returns offered on short-term loans. You get to lock-in these higher return rates for a longer period of time, thus avoiding any cash drag effect. Including longer term loans in your