Capital gains tax of 25% plus solidarity surcharge and church tax is levied on profits from P2P loans. This means that personal loans are no different from investment forms such as shares or ETFs. However, singles in Germany are currently subject to a tax-free allowance of 1,000 euros. Only income that exceeds this limit is taxable. I’ve already had several years of experience with Viainvest and have never had a problem with taxes during this time: The company issues you a tax assessment with just a few clicks, which you can pass on to your tax advisor or use for your tax return. The only disadvantage is that the tax assessment is not always available immediately at the start of the new year.
Apart from this disadvantage, however, the auto-invest function is very useful and is also suitable for beginners or investors who have not yet gained any Viainvest experience.
Viainvest reacted very calmly after the outbreak of the pandemic. Internally, only around 10% of employees had to be laid off. Because Viainvest had already pursued a conservative growth strategy for years in the past, there were far fewer adjustments and changes than with other P2P platforms.
To get access to the relevant data, Viainvest offers to download tax reports and income statements from the platform.
However, it’s important to keep an eye on the financial performance of both the group and the platform. These figures change year by year and aren’t so generous that you can make big leaps (at least not currently).
Secondly, both are P2P platforms based and regulated in Latvia, with a similar focus on unsecured consumer loans, although Twino has recently focused much more on property investments. Additional information can be found in my Twino review.
Before we delve into the details of my Viainvest review, here are the key facts all in one place for you.
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The top five countries for loan issuance are Kazakhstan, Moldova, Lithuania, Romania, and the Philippines. The viainvest interest rates depend on the type of loan but typically range between 9 to 11 percent.
With Viainvest, you can only invest in private loans from the ViaSMS Group. This makes you dependent on their success; at the same time, however, it also makes due diligence easier. A quick glance is enough to realise that the Group has always been profitable – with the exception of the COVID crisis year 2022 – and recently recorded profits in the millions. The signs are pointing to growth here, so investors do not need to worry about stability at the moment. Based on my experience in the P2P market, I would therefore describe Viainvest as one of the most exciting providers. Personally, I will therefore triple my investment on the platform this year!
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Viainvest takes exactly the opposite approach: the Latvian company is regulated by a financial supervisory authority and holds an IBF (‘
Economically though, the pandemic has left its mark on Viainvest. Although the turnover has slightly increased, expenses have risen at a much faster pace. After seven consecutive years of profitable business results, the company concluded a loss of EUR 280,000 in 2020.
It has consistently delivered the promised returns of around 10% annually, which speaks to its reliability.