Any individual who is at least 18 years old can register on DoFinance.

No, companies cannot register with DoFinance.

You must be at least 18 years old, have a valid e-mail address, a bank account within the European Union, any other country of the EEZ or any country in Asia, which is not included in the lists of high risk and non-cooperative jurisdictions or is not subject of international sanctions. For complete registration you will have to provide a national identification card (scanned or photographed both sides) or passport (scanned or photographed).

There are no registration fees.

All you need to set up an investor’s account is a personal bank account. Completing the setup involves adding funds to your investor`s account. Detailed information on how to add funds will be sent to you by e-mail after registration, or you can find payment details in your DoFinance account under Summary / Add more funds.

It’s simple! Just transfer the funds via your Internet bank and don’t forget to add the identification number of your investor’s account in the payment description. You can find all the details about transfers in your DoFinance investor’s account under Summary /Add more funds. 

Money in an investor’s account belongs to investor and is held until investor decides to invest.

There are no transfer fees within the DoFinance platform to set up an investor’s accountYour bank or money transfer service provider may charge additional fees for transfers. Please consult your bank or money transfer service provider to identify any such fees.

You can easily access your money by logging in to your DoFinance profile.

All investments at DoFinance are in euros. Therefore, transfers in euros can be carried out hassle-free. If you want to transfer other currencies to your investor’s account, you can use a money transfer service. 

When you have added money to your investor's account, you can start investing. We recommend you use DoFinance Auto Invest plans. The DoFinance automation tool creates an investment portfolio based on your preferred term, amount of money and interest rate. If you use the Manual Investment option, we suggest splitting your investment up into several loans, thereby decreasing the risk and increasing the chance to earn more.

There are no fees for investing.

You can invest any amount starting from EUR 10 up to EUR 100,000.

You can choose to invest in loans with a term ranging from one month up to 60 months.

Auto Invest is free of charge and is an easy-to-use automation tool for diversifying your investment portfolio. The Auto Invest algorithm creates an investment portfolio based on your preferred term, amount of money and interest rate: 6%, 8% or 12%.

A BuyBack guarantee is a guarantee issued by the loan originator to the investor for a particular loan. It confirms that the loan originator will repurchase the loan from the investor if the repayment of that particular loan is delayed. The BuyBack guarantee is applied to all loans in the DoFinance system.

DoFinance offers you the chance to invest in short-term consumer loans and recommends using one of Auto Invest plans depending on your desired return rate, term and flexibility.

Yes, with the Auto Invest plans you can access your money at any time:

6% plan – you can receive your money 14 days after your request including accumulated interest.

8% plan – you can receive your money 14 days after your request without interest or 28 days after your request including accumulated interest.

12% plan – you can receive your money 28 days after your request without interest.

It is not possible to cancel investments that are made with the Manual Invest option.    

 

The return on your investment depends on your selected investment plan. Return rates range from 6% up to 12% per annum.

You receive your return on investment on the scheduled due date.

You can access your money via the investor’s account in your DoFinance profile. There you can choose to further invest your money, keep it in your investor’s account or withdraw the money to your bank account.

You can withdraw your money in accordance with your chosen Auto Invest or Manual Invest investment term.    

It depends on your selected investment plan and the withdrawal term.

When using Auto Invest, you can choose a withdrawal term:

6% plan – you can receive your money 14 days after your request including accumulated interest.

8% plan – you can receive your money 14 days after your request without interest or 28 days after your request including accumulated interest.

12% plan – you can receive your money 28 days after your request without interest.

 

It is not possible to cancel investments that are made with the Manual Invest option.

 

It depends on your bank and can take up to two business days to complete.

In the event that the repayment of a loan is delayed, DoFinance has got you covered with the BuyBack guarantee. This means that DoFinance will pay you back the principal amount and accrued interest, thereby eliminating the risk of you losing your money. 

If the borrower repays the loan before the scheduled term, your earned amount will be calculated according to the scheduled loan repayment date and transferred to your investor’s account. In addition, you will receive a notification e-mail from us.  

Yes, you can change the bank account by calling our customer service +371 67630363. In order to avoid any risk of fraud, you will need to confirm your identity and send us a copy of a payment order from the new account.

DoFinance does not tax accrued interest. Therefore you will receive it in the full amount. Nevertheless, income earned is taxed according to the legislation of the investor`s home country. Since the laws differ from one country to another, please contact your local state revenue service.

 

In order to minimize the risks for investors, DoFinance offers the BuyBack guarantee for all loans. This means that, if the borrower is late in repaying a loan, DoFinance will immediately pay you back the whole principal and accrued amount of interest.

For security reasons and to comply with data protection laws, we do not reveal the full names or addresses of borrowers.

DoFinance focuses on investing in short-term loans that can be issued to borrowers for different purposes – ranging from personal needs, like home improvement or wedding expenses to business needs, e.g. payment of invoices.  

If a loan is not repaid on time, DoFinance has you covered with the BuyBack guarantee and will immediately pay you the outstanding investment principal and accrued amount of interest.

Yes, all loans get fully funded by DoFinance, regardless of whether the borrower pays back on time or after the scheduled due date.  

The security of your information and private data (as well as investment risk reduction) is one of our top priorities. DoFinance deploys organized data storage in accordance with the highest security standards and relevant Latvian legislation. 

Yes, all investors are anonymous.

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