Commission And Fees
Customer Service
Ease of Use
Fellow Finance

Fellow Finance

Fellow Finance is one of leading European P2P lenders. With a yearly interest of 7-10 percent, the Finnish platform lists self-originated non-secured personal and company loans. At the moment, the platform faces problems with restricted diversification opportunities and smaller profits, leading lots of investors to withdraw their investments. To learn additional info, carry on reading the Fellow Finance review.

Promo Code for Fellow Finance

It is not uncommon for investors to be offered promo codes and special incentives when they invest in novel peer-to-peer lending platforms. Unluckily, Fellow Finance doesn't have any discounts, promo codes or cashback guarantee for new or current investors. If this doesn't suit you, come after a few months to view if any step forward has been made in this area.

Terms for Clients

You must be 18+ and live in Europe in order to register and invest in Fellow Finance.

The registration procedure is not as easy as it is on sites like TWINO and PeerBerry, although these are the lone user terms.


You have to have your national tax ID number and a copy of your identification and a user agreement with a signature.

You will need to verify your email and type in a safety query for your account to be set up. Lastly, as the site follows the Know-Your-Customer guidelines, Fellow Finance will ask for lots of info about your financial standing.

Collecting the enormous volume of info that Fellow Finance conducts means that the procedure of signing up is very hard. No other peer-to-peer lending site gathers so much data on investors.

Fund Depositing

You can deposit finds through bank transfer (regular SEPA payments) or by cash transfer services like Trusty after completing the registration. It is worth noting that Single Euro Payments Area transfers carry no cost, although when exchanging money with Trustly, you will have to pay a cost. The advantage of using Trustly is that you can automatically add the funds to your account, whereas a SEPA transfer normally takes a few days.

Risk & Profit

It is important that you become acquainted with the risks associated with every peer-to-peer platform you come across while looking for the right one.

Personal loans unsecured

When you invest in Fellow Finance, you invest in personal loans that are non-secured. While the platform states that you can invest in business loans, t00, we found out not that long ago that this kind of loan is not that good.

No protection scheme

Various security mechanisms are introduced by peer-to-peer ending marketplaces, and certain do not have any at all. This firm, sadly, is in the latter group.

The lone method of minimizing the risk of your portfolio, with no insurance plan, is to diversify as much as you can and hope that there are substantial borrowers to pay back the loan. This, of course, carries risk.

You can sell it to a debt collector and receive returns of 30-50 percent of the outstanding balance in the inevitable event that one of your loan repayments is postponed by more than 90 days.

Borrower's Immediate Touch

Like Bondora from Estonia, the firm is the originator of the loans shown on its web page. Thus, the firm has direct contact with its borrowers, which may be of advantage to investors struggling with delayed payments.

Offered Loans

Loans from 14-55 percent interest each year are listed by Fellow Finance. But, naturally, bigger return investment chances normally arrive with a bigger risk, and the majority of the loans on Fellow Finance come from very low credit score borrowers. The risk of your peer-to-peer portfolio would definitely be increased by investing in those loans.


A median return of seven-ten percent annually is claimed by the firm. Though, we have gathered from experience that these historical statistics do not impact the decisions of investors to register, because they are not inherently indicative of upcoming prices.

Is This Company Secure?

Diversification of your portfolio is the best strategy to safeguard your interest in the company. In Denmark, Finland, Germany, Sweden and Poland, the peer-to-peer lending platform helps you to invest. The number of countries on the platform boosts your attempts to diversify, but does not warrant profits.

We think you should be doing your own due diligence prior to registering with any peer-to-peer lending platform.


As an investor in peer-to-peer lending, you will wish to invest in a honest, simple-to-use and intuitive platform. You will want to be in the position to deal with features that are going to assist in simplifying your investments and securing them.

Investing manually

The firm provides you with the ability to invest in loans the manual way, allowing you more control over your finances. Though, as you spend more time reviewing and hand-picking loans, manual investing does arrive with drawbacks. The majority platforms give you the chance to set up automated investment methods that, founded on their preferences, invest automatically.

Automated investing

With the Loan Allocator instrument, the firm offers investors the opportunity to perform this. This tool enables investors to recognize important features such as credit rating, interest rate, nation, length, and volume of the loan. We were pretty pleased by the versatility of the instrument!

Although the sign-up method is not the most user-friendly, Fellow Finance offers investors simple features that allow their investments to be automated.


Among peer-to-peer investors, liquidity is getting more relevant. Although liquidity rates need to be examined by all investors, this is especially important for those utilizing peer-to-peer lending as a short-term investment form.

The Secondary Marketplace

Fellow Finance gives clients the opportunity to purchase and sell their assets on the secondary marketplace. This is the lone method, prior to the end of the investment timeframe, to withdraw your capital.

This is also risky ground, because it is only possible to sell the assets on the secondary market if other investors are able to buy them. The majority of investors trading on the secondary market sell their shares at a reduced price, which reduces net returns in a fundamental way.

We suggest using tools such as Bondora's Go and Develop or Mintos' Invest and Access, which enable you to access most of your funds instantly, if high liquidity is important to you.

Client Care

On weekdays, from 9 to 17 EET, you can contact the support team. Email them or call them on +358757568603603 and [email protected]

On social media networks such as Facebook or Twitter, you may contact them, too.

Conclusion on Fellow Finance

For lots of investors who are not familiar with other peer-to-peer lending sites and wish to diversify their portfolios, this company may be a nice alternative.

The peer-to-peer lending platform provides opportunities for investors to diversify over 5 nations and allows clients to simplify their investments and improve their portfolio liquidity.

However, the risk and profit ratio is not as enticing as it is on lots of other sites for peer to peer lending. Platforms such as Mintos and PeerBerry, for instance, list very comparable loans with secure profits of more than ten percent each year. In addition, the majority of peer-to-peer lending platforms that list personal loans provide a buyback warrant, too, which with this company is not the case.

Although Fellow Finance may be a potential option as a secondary platform, prior to investing in Fellow Finance, there are also other options that you can check.

Fellow Finance main features and highlights

Bottom line
Our mission is to transform the traditional financing to direct lending between people and businesses.
Fees: 14-55%
Min Deposit: €10
Target returns: 7-10%
  • Consumer and business loans
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