Swaper was launched in 2016 and is a peer-to-peer lending platform. The platform's overarching idea is that you can indirectly lend money to everyday consumers. Swaper loans have a 12% annual return.
How does it work?
Swaper works in a similar way to other peer-to-peer lending platforms in the online space. You can carefully read the step-by-step process we have provided below.
Step 1: Create an account at Swaper
First, go to the Swaper website and create an account. You will need to enter some personal information, as is typical with investment platforms. Enter your name, address, and contact information. Before investing in swaper loans, you can also check the Investment result forecast of Swaper online.
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Step 2: Verify Your Identity
Swaper will need to verify your identity in order to ensure compliance with anti-money laundering regulations at home and abroad. You can do this in a matter of minutes by simply uploading some documents.
Step 3: Select an Investment
After your identity is verified, you are able to invest your first money. An innovative investment tool will be provided that allows you to modify a variety of variables related to the loan.
Here are some variables to consider when making an investment.
Investment Size and Duration
First, decide how much and how long you wish to invest. The minimum investment is EUR10 and the maximum amount you can make is EUR10,000. The term of your investment is between 3-36 months.
Maximum investment per loan
You have already determined how much money you would like to invest, but you must also specify how much you will be able to invest per loan. Swaper is an example of this.
You can also use the auto-invest option. This feature is extremely useful for compound interest. You will be able to grow your money faster.