Peer-to-Peer Lending Insights: What’s Shaking the Industry in Week 40 of 2024

Estateguru* has made changes to its Terms of Use publication, which will come into force on 31 October 2024. In my opinion, attention should be drawn to two important points in particular:

• Inactive Account Fees: The deadlines for notification of inactive account fees have been clarified. Users now have 7 days to withdraw with no fees before an inactivity fee is due.
• Free withdrawal if you don’t agree: If I understand correctly, users who do not agree to the new terms can withdraw their money without any service fee.

Then I received many emails from investors who see this as an opportunity to leave Estateguru without fees. Unfortunately, I don’t know exactly how this will work in practice, as I won’t object to the new terms of use. If you intend to do this, you are advised to clarify the exact consequences for your personal accounts with Estateguru.

Your account will then likely be processed by Estateguru. Here’s what I know from similar experiences on Mintos. If you have more information here, write it in the comments for other investors.

If you want to know more about EstateGuru, you can read the basics in my EstateGuru experiences. The platform offers a general sign-up bonus of 0.5%* on your investments in the first 90 days.

The default rate continues to rise for many investors, which is why they want to leave Estateguru.