P2p Loans – tips for quick and easy implementation

The first German and always up-to-date P2P platform rating on Germany’s most popular blog for P2P credits. But above all, a certain familiarity with the p2p system. In this blog, I want to help private investors make the right P2P loan investment decisions. My personal investment blog, how I earn more than 20% annual return with P2P credits, information about the P2P providers, investment strategies, bonus etc. I report extensively in my guest article on the ETF blog.

Imprint – P2P credits

Imprint - P2P credits

As part of my free time, I regularly compose and publish new publications, moderate the Big Break podcast and manage some other small internet projects and blogs here since spring 2016 on passive income and private P2P loans. In my blog, I would like to bring you closer to the importance of passive income and give you tips for quick and easy implementation.

Every month more than 40,000 people follow my reports and I have already researched for you in the Baltic States (where most of the platforms are). Where do I get my books and blog from? In the next few days my life path changed by 180 degrees. The family classic was over and I suddenly had time and costs for online projects, travel activities and many other things that had never been possible in this way before.

In my marriage I already liked the old motif books (really ancient, 100-200 years) and even then (inspired by another writer and friend) I had the idea to translate the old and copyright-free works from German and to reissue them . After the division and hangover tours through Asia, I changed my own age all year round, optimized my time (which I suddenly had again) and went straight to work, although I still had no idea how to publish a book .

This is followed by the two-part work, which ultimately forms the basis for this blog, which has existed since January 2016 and thus developed from my work as an author. In cooperation with our P2P community member Tobias Linzers, a new work on “Saving Money” was published last year. In the meantime, further works have been published and set to music.

Because I am now very familiar with self-publishing, I have been looking after “young authors” in realizing their book launches from A to Z for some time or even acting as a publisher of the books, and the experts only do what they do best best can. Put your ideas on paper. Including the Because I am a more self-contained person, I noticed that the typeface suits me very well and fits my other advantages.

Of course, you can also take something with it

Of course, you can also take something with it

A notion that I had when I was trying to break in. Countless people design their ideas from front to back and in the end nothing happens.

The second tip for you: put your ideas into practice right away! In retrospect, not even the salary / passive salary in the whole thing is so exciting, but the increase in experience. For example, what I found out through the publication of books, how many interested people I met, and what resulted from it is simply a mistake.

However, the familiarization curve is not as high as in an online company, because most of the time, like me, you are focused on a special field. With me it was the small choice between the first and second day when I start to make more of my private life than it seems possible, or the second day when I sat in front of the horsepower and with the gamble gallop 4 played (and that’s my real seriousness).

Some of you always ask me what my current P2P portfolio status might look like and on what basis my salary is. If you want to learn more about the different P2P platforms, you can get an impression in my P2P platform overview. Occasionally you will find P2P platforms here that are not yet covered by contributions.

Then it is usually the case that I believe that the P2P platform is not yet far enough to show it to the general public. Share with the boss – How the 3 A’s help determine your age! Shares with Head – 12% income with P2P loans? Because with this blog I want to be at the end of world history in the long run and I would very much like to see you subsidize my retirement.

Our loan offer is particularly cheap and flexible

No credit bank today will want to do without such a reference. Consumers don’t just look at low effective interest rates. They also want the freedom to redeem the loan in whole or in part during the term, provided that their personal and economic circumstances allow it. In order to meet the wishes of their customers, banks have adjusted their conditions in different ways:

Special payments, early loan repayment, installment deferrals, and deferrals, repayments and rate increases, loan extensions, and extended cancellation rights are customary side agreements in loan agreements.


  1. Pay attention to possible costs, which can sometimes be hidden. Compare different offers with the same free flexibility features. Choose the offer with the lowest effective interest rates.
  2. There are banks that offer open or hidden two “types of credit”: a “normal version” and a flexible “deluxe version”.

Flexible repayment: special repayment and early loan repayment

Flexible repayment: special repayment and early loan repayment

The special repayment is a repayment payment in addition to the regular repayment. Special payments during the loan term can have two effects. If the monthly loan rate remains the same, the term is shortened and the total cost of the loan is reduced. However, it is also possible to reduce the monthly installment payment with the same term.

Most banks only offer the first variant. Some banks allow voting rights. From an economic point of view, a shortening of the term should always be chosen.

Banks do not allow special repayments without limit. The following restrictions are common:

  • The absolute amount of the free special repayments can be limited (for example up to 80 percent of the remaining amount)
  • The number of possible free special repayments in a certain period can be limited.
  • A waiting period is also possible (… not before the end of a year after the contract is concluded).
  • The amount of individual free special payments can be limited.
  • A distinction can be made between free special payments that are only possible to a limited extent and special payments that trigger a prepayment penalty.

Special repayments and repayments are possible at any time. But they are free of charge only once a year in the amount of up to 50 percent of the remaining loan amount. Compared to other banks, this offer is still quite generous – despite the somewhat misleading wording.

Early loan repayment means the full repayment of the remaining debt before the term expires. In practice, it is an early termination. Few banks provide free loan repayment of the entire remaining amount. Some offer loan repayment against prepayment penalties.

Repayment: flexible installment payments

Repayment: flexible installment payments

The rate can be changed in different ways, for example by changing the term, through special repayments while maintaining the originally agreed term or through a subsequent additional agreement on a change in the rate and term. A change of repayment is a frequently chosen route, especially in the case of construction finance.

The borrower is granted an option by contractual agreement to change the agreed repayment rates during the fixed interest period at certain intervals within a specified margin. For example, it is stipulated that the borrower can change the repayment twice in a margin between 2 and 5 percent.

If the repayment rate is increased, more must be paid each month and the term is shortened. If the repayment rate is reduced, less has to be paid each month, but the term is extended.

While special repayments leave the agreed repayment rate unaffected and are a one-off process, the repayment change is permanent and can only be reversed by making another repayment change in the opposite direction.

  1. Choose offers that allow free repayment changes. Sometimes interest premiums are charged from the outset, or there are special fees for exercising the option to switch repayments.
  2. Make use of the repayment change only if your personal and economic circumstances change sustainably. In other cases, special repayments are more appropriate.

Suspension of repayment and postponement of repayment

Suspension of repayment and postponement of repayment

Customers can suspend a rate every 12 months. Postponement of repayment means that the borrower cannot start paying the installments immediately, but only one or more months after the contract is signed if he wants such a delay. If repayments are suspended or delayed, the period until full repayment is extended unless the suspended repayments are made up later with special payments. The result is an increase in the cost of the loan.

Some banks only grant a suspension of repayment after consultation. If a borrower gets into financial difficulties and can no longer pay the installments in full, he should always contact his bank in good time.

Most of the time, short-term repayments are not enough to get financial problems under control, and more fundamental solutions are needed. Under no circumstances should you close your eyes and simply stop making payments. In addition to other problems, a sustained delay in payment regularly leads to Credit Checker entries and negative creditworthiness.