Table of Contents
What is Esketit? | Esketit Review
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Launched in December 2020, Esketit offers a secure and straightforward way to invest in personal loans. Esketit loans are issued by affiliated Loan Originators, which makes the process transparent and easy to audit.
Esketit is a personal loan marketplace, also known as P2P (peer-to-peer) investing platform – allowing you to finance loans for private creditors and get a return for your invested money.
The company is open to any investors who reside in the EU or EEA. It enables any member to invest in personal loans issued by their partner micro-financial organizations (referred to as Loan Originators).
The Esketit platform claims to be providing you with best practices in the P2P lending industry and letting you earn premium returns.
No matter if you’re a private or institutional investor, the minimum investment amount with Esketit is 10 Euros.
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How Does Esketit Work? | Esketit Review
Esketit is a P2P (peer-to-peer) lending platform that allows any investor to invest in personal loans. Here’s how the Esketit Platform works:
- Identifies investors
- Performs due diligence
- Defines the loan limits the Loan Originators can request
- Performs accounting, repayments, and interest payment operations for all investments
- Performs debt collection
- Ensures all legal and regulatory requirements are maintained
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
Who are Loan Originators in Esketit? | Esketit Review
Dealing with Esketit, you’ll hear the term Loan Originators quite a lot. Loan Originators are microfinance companies who issue loans that are available for you to invest in.
Esketit partners with reliable Loan Originators within the European Union to offer you low-risk, secure, and profitable investment opportunities.
The main partner of Esketit Platform is Creamfinance Group. The group provides quick and convenient consumer loans online, aiming to make money available to everyone. Creamfinance Group currently operates in 5 lucrative markets, including Latvia, Czech Republic, Spain, Poland, and Mexico.
There are a total of 500+ employees working hard behind the scenes, including the IT hub, which is based in Austria.
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Who Owns Esketit? | Esketit Review
Davis Barons and Matiss Ansviesulis – founders of fiercely successful Creamfinance Group – are the two co-founders standing behind Esketit.
The Creamfinance Group on its own has been profitable since its inception in 2012, hitting 70 million in revenue in 2019.
To provide more assurance to the Esketit investors, Davis and Matiss employ the ‘skin in the game’ approach.
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Esketik ‘Skin in the Game’ Approach | Esketit Review
‘Skin in the game’ is a commonly used idiom in the corporate finance industry, referring to when the owners maintain an equity stake in circumstances outside investors seek to invest.
Esketit founders have invested in Esketit Loan Originators, and the Loan Originators are investing in the loans. This means that the Esketit founders own both the platform and Loan Originators to ensure that company interests align with investor interests.
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Esketit Pros and Cons | Esketit Review
Pros
- Low minimum investments, beginning at 10 Euros
- Reliable Loan Originators
- Attractive returns (average of 12.78% per year)
- Automatic investment functionality
- Buyback guarantee
- Secondary market option
Cons
- Like any investment, P2P investments are risky as well
- Esketit investments are illiquid – you can’t get your money until the loan maturity date
- P2P loans aren’t regulated yet (the applicable law will come into force in November 2021)
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
How to Invest in Esketit? | Esketit Review
Investing in Esketit is a straightforward process. Here’s the step-by-step guide:
1. Register
Submit an online application form to start investing in P2P loans with Esketit.
2. Fund Your Account
Once you’re signed up, you’ll need to fund your account to start investing.
The minimum amount you can invest with Esketit is €10.
3. Select the Loan to Invest in
There are two options to build your investment portfolio:
- Choose your preferences and parameters to set up an Auto Invest portfolio
- Manually filter the loans and invest in your preferred one(s)
4. Track the Progress
Esketit provides tools that enable you to track your investments, portfolio, and returns daily.
5. Get Your Revenue
At the end of the loan period, you’ll receive invested principal, plus your earned interest. The funds will be accessible for you as soon as the loan is repaid.
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
Opening Your Esketit Account | Esketit Review
Becoming an Esketit member is a simple and entirely online process. Here’s what’s required to set up your Esketit account:
- Create your account using an email and phone number, and set a strong password
- Confirm your email address to activate your account
- Verify your identity by providing a National ID or a passport
- Verify your bank account
- Fund your Esketit account
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
What About the Identity Verification Process on Esketit? | Esketit Review
Identity verification is an essential part of your sign-up process and is done using Veriff – an online identity verification provider. You’ll need to provide Veriff with a photo of your identification document – either the National ID or a passport. It takes up to 48 hours to get your account verified.
Bank Account Verification on Esketit | Esketit Review
Once your identity is verified, you can verify your bank account on Esketit. To do so, you’ll need to make a deposit (minimum 1 Euro) to the Esketit Platform Ltd. via a bank transfer. This procedure links your bank account to your Investor’s profile.
Bank account verification may take up to 48 hours – depending on your bank.
Note that while you can verify your bank account with a 1 Euro initial deposit, it’s not enough to start investing. The minimum amount you can start investing with is 10 Euros.
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
How Do Deposit and Withdrawal Processes Work on Esketit? | Esketit Review
How Do I Add Funds in Esketit?
To add funds to your Esketit account, you have to make a transfer from your bank account to the Esketit Platform Ltd. bank account. Navigate to the “Deposit & withdraw” section of the platform to find the Esketit Platform bank account number.
Make sure to enter your Investor Account Number, which starts with INV-, in the payment reference field. You can find this number under the “Account Overview” section of the platform.
How Do I Withdraw Funds from Esketit?
To withdraw your funds from Esketit, navigate to the “Deposit & Withdraw section of the platform. You’ll see how much funds are available for withdrawing under the “Available funds” field. Simply specify how much you want to withdraw and click the “Withdraw” button.
The requested funds will be transferred to your linked bank account.
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
What’s the Minimum Investment in Esketit? | Esketit Review
The minimum investment threshold for each loan is 10 Euros.
In Which Currencies are the Investments on Esketit? | Esketit Review
The main currency on Esketit is Euro. The investment opportunities on Esketit platform are listed in Euros and the Loan Originators receive funding in Euros.
Can I Make a Currency Exchange on the System?
Esketit doesn’t offer a currency exchange option. It’s recommended to make a currency exchange once you receive your funds in your bank account.
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What Happens After I Make My Investment on Esketit? | Esketit Review
Once you invest in Esketit, your funds will directly be transferred to the loan originator.
At the maturity date, you’ll be repaid your principal, while you get the interest payment for your investment monthly.
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
What Are the Expected Esketit Returns? | Esketit Review
The interest rate of each loan is specified in the Assignment Agreement and the accurate interest is calculated according to it. Your investment return is calculated from the very first day you’ve invested until the loan deal reaches its maturity date.
Here’s the formula for calculating interest:
Interest = days of investing / 365 * interest rate * invested amount
The average gross return of Esketit investments is 12.78% per year. However, this number can change depending on the kind of investment chosen as well as the risk ranking.
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
Who Can Invest in Esketit? | Esketit Review
To be eligible to invest in Esketit, an investor must meet the following requirements:
- Be 18 years or older
- Have an active bank account within any EU country
- Have an identity document – National ID or passport
- Fund an Esketit account with a minimum of 10 EUR
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
Esketit Identity Verification | Esketit Review
To comply with an Anti-Money Laundering legislation of the European Union, Esketit requires all members to go verify their identities.
Esketit partners with Veriff – one of the most reliable online identity verificator – to guarantee the safety and security of your legal identity documents. Veriff uses an AI software program to automatically confirm your identity.
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
Esketit Features | Esketit Review
Esketit aims to provide a simple and straightforward P2P investing platform. And to reach this goal, Esketit offers the following features:
Secondary Market
The secondary market feature enables the opportunity to sell the investment before it matures. Selling an investment on a secondary market is a great option when you need a fast exit and is completely free.
Note that if you list your loan deal on a secondary market, you’ll still earn interest on it until another investor buys it. You’ll only stop receiving interest once your deal goes into someone’s ownership.
Discount/premium on the secondary market. What does it mean?
To sell your investment deal faster, you can put a loan deal for sale on a secondary market with a discount. For example, if the initial principal is 100 EUR and you apply a 10% discount to it, you’ll sell it for 90 EUR.
On the contrary, you could sell your loan deal for a higher price compared to an initial principal – this is called the premium. Investors mainly apply a premium to their deals when they predict that the future interest payment will benefit the new investor even more.
When selling your loan deal on a secondary market, it’s entirely up to you whether you apply a discount, a premium or sell it at its original price.
Auto-Invest
With an Auto-Invest feature, you can automatically invest your money and save your precious time. Simply set your preferred investment criteria that match your financial goals and appetite for the Auto-invest feature to invest on your behalf as soon as the new loan deal is available.
Group Guarantee
Sometimes Loan Originators can’t fulfil their Buyback Obligation towards investors. In such a case, you’re still ensured to get your money – the owner of the loan originator (i.e. the group) steps in to fulfil the Buyback Obligation.
Buyback Obligation
Like any investment, investing in unsecured personal loans contain a certain level of risk. Esketit Buyback Obligation obliges the Loan Originators to give a BuyBack guarantee if the interest or principal payment is delayed for more than 60 days.
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For How Long is the Loan Deal Available to Choose on Esketit? | Esketit Review
The loan deal will be visible for you on the Esketit platform for as long as:
- It hasn’t reached its maturity date
- Or it hasn’t been fully funded by other investors
How Do You Choose the Investment Opportunities on Esketit? | Esketit Review
Once you’re an approved member of Esketit, you’ll find loans provided by CreamFinance Group and reliable loan originators from Sri Lanka and Jordan. The loan opportunities Esketit places on their platform are already checked for possible risks – the founders of Esketit handpick the borrowers.
Such an approach gives you as an investor peace of mind, allowing you to choose the investment opportunity that fits your current financial state and return goals.
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
What About Esketit Fees? | Esketit Review
As an Esketit investor, you don’t have to pay any fees.
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Esketit Taxation: How Are the Generated Earnings Being Taxed? | Esketit Review
While Esketit Platform doesn’t take responsibility for paying taxes, it’s entirely your job to manage and pay taxes on your capital gain or interest earned.
Make sure you check out your local taxation laws and policies that apply to investments.
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
Esketit Liquidity | Esketit Review
Esketit investments are illiquid, meaning once your funds are invested, you won’t be able to get it back until the end of the loan maturity date.
Moreover, there’s also no guarantee that you’ll get your money back at the end of the loan maturity date in case the borrower defaults and is unable to repay the debt.
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
Esketik Statistics | Esketit Review
Here are some interesting statistics about Esketit since its launch in December 2020:
| Cumulative investments | € 910.75K |
| Cumulative interest paid | € 4.47K |
| Average deposit | € 8,698 |
| Number of investors | 75+ |
| Average interest rate | 12.78% |
Exiting the Investment Earlier than the Maturity Date | Esketit Review
If for any reason you’d like to exit the investment earlier than its maturity date, Esketit lets you do it. But in this case, another investor needs to agree to buy your listing at a discounted or premium price, or at par.
Alternatively, loan originators or borrowers could also pay off the loan before its maturity date – meaning you’ll get your money earlier than expected. But there is no guarantee this case will come true.
In case you have an extremely urgent need to get your money before the loan maturity date, the Esketit platform could also consider rebuying your loan at a 1% discount. To let Esketit know about your situation and check for more details, contact the support team at support@esketit.com.
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Esketit Customer Support | Esketit Review
In case you have any questions or issues regarding your Esketit account, you can contact the Esketit customer support team at support@esketit.com.
The Esketit business hours are Monday to Friday from 9:00 to 18:00, GMT +2.
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
Where is Esketik Based? | Esketit Review
Esketit Platform Ltd. is registered in Ireland with legal address 77 Lower Camden Street, Dublin. The company operational office is located in Riga, Latvia, on Uriekstes Street.
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
Is Esketit Safe? | Esketit Review
While Esketit provides BuyBack Obligation and Group Guarantee, your capital is still at risk. This means, if the borrower can’t repay the loan, there’s no guarantee you’ll ever get your money back.
That’s why it’s highly recommended to only invest the amount of money you can afford to lose without affecting your standard of living.
However, the Esketit platform does its best to protect you from losses by partnering with reliable Loan Originators. And since the Esketit founders have over 10 years of experience in credit scoring, they understand whom to issue loans safely.
Additionally, the platform provides you with statistical data about each loan in advance which includes the level of risk associated with each opportunity.
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
What Happens if the Platform Goes Bankrupt or a Borrower Defaults? | Esketit Review
There are no guarantees that you will get your invested money back if Esketit goes bankrupt or a borrower defaults.
Is Esketit Regulated? | Esketit Review
The European Parliament has approved the law to regulate crowdfunding platforms in the European Union on the 5th of October 2020. This regulation will come into force on the 10th of November 2021.
Esketit currently applies all recommendations European Union has established and is actively following the developments to meet the regulation requirements.
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
Who are the Esketit’s Competitors? | Esketit Review
Fellow Finance, Nibble, Iuvo, PeerBerry, Mintos and Swapper are the main Esketit’s competitors
How Sophisticated is the IT Framework and Also the User Experience on Esketit? | Esketit Review
Esketit platform has a pretty sophisticated interface and user experience – the platform is easy to use for investors of all backgrounds.
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
What is the Crucial Distinction of Esketit in Between Various Other P2P Lending Institutions? | Esketit Review
Esketit differs from other P2P lending platforms by the founders own also the Loan Originators what makes the investments even more reliable and accountable.
Plus, Esketit provides an auto-investing feature that simplifies the investing process even more.
EARN AROUND 13% PER YEAR ON ESKETIT WITH A €10 MINIMUM INVESTMENT. USE THIS EXCLUSIVE LINK
Esketit Review Verdict: Should I invest in Esketit? | Esketit Review
Esketit is a marketplace for personal loans allowing investors from around the European Union to invest and benefit from the sophisticated returns.
The company founders have more than 10 years of experience in credit scoring that enables them to provide the best investment opportunities.
The auto-investment option enables investors to pre-select their preferences and invest automatically when their settings are met.
So, in our opinion, go for it!
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