Bondora announced today that the interest rate for the Go&Grow offer for investors will be lowered from 6.75% to 6% effective April, 1st.

Since the introduction of the Go&Grow product in 2017 the rate had been stable at 6.75% but in the last years there had been limitations on the maximum new amount that could be invested each month. Those limits were lifted temporarily last year.
It will be interesting to watch how investors react to the rate change after the rate was stable for that long.

At launch Bondora Go&Grow was the only p2p lending marketplace offer with a single one click interest rate to investors where the money was available daily (subject to TOC). Later several other services launched similar offers.

According to P2P-Banking data, Bondora had 274,767 investors as of January 31st, 2024 and was growing by 2,000-3,000 new investors per month. The service is currently offering loans in Estonia, Finland, Spain, Latvia and the Netherlands and in the process of expanding into further markets.