December 20, 2017,

From 2009 – 2013, the lowest overall return across all countries and risk ratings was 17.06%

Bondora Go & Grow

Editorial team

Welcome to another data blog post from Bondora, below we take a look in to the actual and targeted net returns from investments by country, year and quarter. It’s important to note that the most recent quarter will nearly always show a higher return as the loans have only recently been issued and at this point the interest element accounts for a high percentage of the total payment.

We have marked the figures with three different colours, firstly yellow to represent less than 50 loans issued, blue for 51 – 200 and white for over 201. This is a great way to spot anomalies, such as high volatility in low risk ratings.

Key takeaways

From 2009 – 2013, the lowest overall return across all countries and risk ratings was 17.06%.
The highest actual return was seen in 2010, at 29.7%.
The target return rate has been stable over the 10 quarters, varying by a maximum of 2.42% overall.

Estonia

Actual returns exceeded target returns in all credit ratings other than ‘A’ in Q1 of 2015.
This trend was the same in Q1 of 2016, where the actual return was above the target return in all cases.

portfolio-performance-EE-november-2017

Finland

AA & A rated Finnish loans were introduced in Q2 of 2017, now Finland is the only country with loans in each risk rating.
Only a small percentage of Finnish loans issued were over a total of 200 PCS, resulting in an apparent volatility in the net return each quarter.
In Q4 of 2015 for B rated loans, only 4 loans were issued.

portfolio-performance-FI-november-2017

Spain

HR rated loans have seen returns ranging from -3.85% to 31.74%. For those who do not like volatility in their portfolio, we encourage a mix of different credit ratings to subsidize frequent monthly fluctuations.

portfolio-performance-ES-november-2017

Actual and targeted Bondora net returns across the portfolio per quarter

The target return rate has been stable over the 10 quarters below, varying by a maximum of 2.42% overall.

portfolio-performance-per-quarter-november-2017

Actual and targeted Bondora net returns across previous years

In general, as more time passes and as loans continue to receive interest and a cash flow from recoveries, this is when the overall net return is most accurate.

portfolio-performance-8-years-november-2017

This is a great article to compare with our recent monthly series post’s discussing the distribution of credit ratings and origination.

Remember, to maximize your net return you should view investing with Bondora as something long term.

Bondora Go & Grow

Editorial team

At Go & Grow, our Editorial Team combines years of fintech experience with a passion for financial education. We’re here to share trustworthy insights, platform updates, and easy-to-understand investment tips for everyone.

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Frequently Asked Questions

How is Bondora regulated?
Bondora Capital’s business model is unique, with no direct precedents in the market. As such, there is currently no specific regulatory license that directly applies to our Go & Grow product. However, we work proactively with regulators across the EU to ensure full compliance with all applicable local laws and regulatory frameworks.

To support this, we regularly publish financial updates, audited annual reports, and disclosures, reinforcing our commitment to transparency and investor trust.

At the same time, Bondora Capital is subject to all relevant general regulations, including (but not limited to) the Estonian Consumer Protection Act, the Law of Obligations Act, the Commercial Code, the Accounting Act, the Competition Act, and the General Data Protection Regulation (GDPR).

Additionally, Bondora AS, a member of the Bondora Group, operates as a Licensed Credit Provider under the supervision of the Estonian Financial Supervision and Resolution Authority. In Finland, we operate through a licensed branch regulated by the Finnish Financial Supervisory Authority. We also hold an operating license in Latvia, supervised by Latvijas Banka, and have recently received regulatory approvals to operate in both Denmark and Lithuania.
Are Bondora AS's loans secured?
Bondora issues unsecured loans, meaning credit customers are not required to provide collateral. This approach allows us to offer a faster, simpler, and more accessible lending experience.

Risk is mitigated through multiple layers of protection. Our underwriting process is powered by predictive, data-driven models, trained on deep datasets collected over 17 years. Each borrower is carefully evaluated using a wide range of creditworthiness indicators before any loan is issued.

With Go & Grow, your investment is automatically diversified across hundreds of thousands of loans in multiple countries. This significantly reduces individual borrower risk and adds a layer of protection against regional or geopolitical events.

In the rare event of non-payment, we follow a structured recovery process, working with professional debt collection agencies and, when needed, escalating cases through local legal channels to pursue repayment.
What happens when a borrower doesn't repay?
At Bondora, we do a lot to prevent repayment issues before they happen. Our advanced data models carefully assess each borrower’s creditworthiness, using historical data and predictive analytics to minimize the likelihood of default from the start.

If a payment is delayed, we act quickly but thoughtfully. From the first day of the delay, we reach out to the customer via email, SMS, and automated calls to remind them of their delayed payment and offer flexible options to get back on track. The aim is to find a solution together, whether that means a new payment date or a short-term adjustment.

If the situation doesn’t resolve, we may involve our internal teams or trusted partners to continue the dialogue and explore further options. In some cases, if communication is unsuccessful, the matter may be escalated to the local legal system in line with standard procedures. Legal steps are always a last resort, and the goal is to find the best possible outcome for everyone involved.

Throughout this process, our focus remains on recovering outstanding amounts responsibly and respectfully while protecting investors’ interests.

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What are temporary partial payouts?
Under normal conditions, your Go & Grow withdrawal is paid in full with a single transaction near-instantly. However, in rare and extraordinary circumstances, partial payouts may be activated temporarily. This means your withdrawal will be split into smaller, daily payments until the full amount has been delivered. Only one €1 withdrawal fee applies once you’ve received the full amount.

This protective feature was built into Go & Grow from the start to help maintain stability and safeguard investor returns, so you can stay on track and stay earning, even when the world feels uncertain.

In Bondora’s 17-year history, partial payouts have only been activated once.

While we aim to keep Go & Grow fully liquid, this feature ensures that when conditions require it, your investments remain protected and continue to work for you.
What happens to my investments if Bondora goes bankrupt?
Your money is protected. Even in the highly unlikely event that Bondora Capital becomes insolvent, your investments remain yours. Investors legally own the loan claims, not Bondora Capital.

This means Bondora’s financial situation does not affect the legal ownership of those claims—they continue to belong to the investors. The claims are not part of Bondora’s bankruptcy estate.

Risks related to Bondora as a company are separate from the risks associated with your investment portfolio. Simply put, if Bondora disappears, your investment doesn’t.