Monefit vs. Bondora: The big comparison 2025

With SmartSaver, Monefit has established itself as a direct competitor to Bondora. Both products score points with solid interest rates, ease of use and high liquidity. SmartSaver specifically targets Bondora’s weak points, but is that enough to knock the top dog off its throne in flexible P2P lending?

Monefit vs. Bondora: An overview of the P2P platforms

Two providers stand out in my P2P lending ranking: Bondora and Monefit. This is because they pursue a different concept to their competitors:

• Here, you make your capital available directly to the two companies.
• They use this money to finance personal loans, for which they receive very high interest rates.
• After deducting all costs and any losses, a substantial profit remains for Monefit and Bondora.
• They pay you 7.5% (Monefit) or 6% (Bondora) interest per year.
• The highlight: You can withdraw your money at any time and it will be back in your account shortly afterwards!

This sets them apart from typical P2P providers, who offer particularly high interest rates – up to 24% at Ventus Energy, for example! With such platforms, your capital is usually tied up for a longer period of time.

Monefit and Bondora should therefore be seen more as alternatives to instant access savings accounts: they offer significantly better interest rates, but are also somewhat riskier than the products offered by banks. Both companies have enjoyed great success with this business model and attracted numerous new investors!

Here is a summary of the most important data:

Bondora at a glance

For almost 12 years, Bondora was a typical P2P provider: you could invest in consumer loans and earn around 10 to 12% interest. However, in 2018, the Estonian company developed ‘Go & Grow’, a new P2P product that took a different approach.

• Here, you will find stable interest rates, which are currently levelling off at 6.0% per annum with daily credit.
• No manual investments are necessary; your capital automatically earns interest.
• The application was extremely easy to use right from the start, as there are only two functions: deposit and withdraw.

At the beginning, there were some doubts and uncertainties: investors had to entrust their money directly to the P2P provider and had no insight into the loan portfolio. So they didn’t know where their money was actually going!

Success was not long in coming. Despite some difficulties during the COVID crisis, growth was enormous. In 2023, the logical step was therefore taken and other offers were discontinued completely. Since then, Bondora has only offered ‘Go & Grow’.

75/100

Punkte

Yield: 6.00% interest

Investors: over 460,000

€5 bonus upon registration

REDEEM BONUS*

Monefit at a glance

The idea of P2P lending with fixed interest rates and maximum flexibility quickly found imitators:

• The Credistar Group is one of the largest and most successful credit brokers around. It has already financed several hundred million euros on marketplaces such as Mintos.
• The group has been lending money to private individuals since 2006 and charges high interest rates in return.
• With Monefit, they have created their own P2P platform through which investors can benefit directly from private loans.
• Here, too, we make our money available directly to the provider. Monefit uses it to grant loans and pays us a fixed interest rate of 7.5% in return.

Currently, people in eight countries can borrow money from Monefit: the United Kingdom, Spain, Estonia, the Czech Republic, Denmark, Sweden, Poland and Finland.

Due to its business model – simple application, automatic investments and approximately 7.5% interest – Monefit is deliberately positioning itself as a direct competitor to Bondora.

79/100

Points

7.25% - 10,5% interest credited daily

Available again quickly

€5 + 0.5% extra bonus through our link

REDEEM BONUS*

Comparison: Bondora vs. Monefit

Although Bondora and Monefit appear very similar at first glance, there are significant differences between the two P2P platforms. To provide you with the most objective insight possible, we have divided our comparison into several categories:

1. Interest

When it comes to interest rates, Bondora is left behind: Monefit offers an impressive 7.5% interest rate for a regular, daily available investment, which is 1.5% more than its competitor.

You can even increase this amount to up to 10.52% if you use Monefit Vaults:

• Similar to fixed-term deposits, your capital is tied up for a fixed period of time.
• During this phase, you will receive interest payments on a daily basis as usual.
• Interest is paid at the end of the term (for 6 or 12 months) or monthly (for 2-year Vaults).

In recent weeks, both providers have changed their interest rates: Bondora reduced its rate from 6.75% to just 6.0%, while Monefit increased its rate from 7.25% to 7.5%.

This clearly shows the strategic differences between the platforms! Bondora focuses clearly on security, while Monefit wants to generate higher profits for its customers. Further interest rate changes cannot therefore be ruled out for either company in the future.

In comparison between Bondora and Monefit, the latter not only has higher interest rates, but also a more diverse range of products!

2. Security

Even the best risk-free investment cannot deliver the profits you can earn with P2P lending. In return, personal loans always carry a certain amount of risk. But how big are these risks with Bondora vs. Monefit?

Here we need to consider several scenarios:

• A borrower may fall into arrears or even become completely insolvent.
• Companies can cope with such losses thanks to their high profits. However, if they become more frequent, for example during an economic crisis, problems can arise.
• If the platform’s profits decline due to loan defaults or lack of customer interest, our interest rates are also at risk.
• In extreme cases, the respective P2P company could go bankrupt. Our investment would then also be at risk and could even be lost entirely.

First, the good news: both providers are highly successful companies with annual profits in the millions! It would take long-term, intensive problems to put the P2P giants in trouble.

In addition, the platforms are regulated by the respective financial supervisory authorities, which provides us investors with additional security. Only in the United Kingdom is Monefit still awaiting official regulation, but it already complies with all requirements (according to its own statements).

In a direct comparison, Bondora has a slight advantage over Monefit: the company has been working hard for some time to improve its collateral, increase its reserves and enhance transparency. The reason for this is the official banking licence that the Estonian platform is seeking to obtain.

This would also include deposit protection up to €20,000 and other privileges. Monefit, on the other hand, is not currently taking any special steps in terms of security. Bondora is therefore the better choice in this category.

You can find out more about the potential risks associated with Monefit in my Monefit review.

3. Extras and user-friendliness

Both providers are among the easiest platforms to use in my P2P lending ranking. No wonder: ease of use is a core concept of both companies!

Investors only need to deposit money to earn interest. Bondora takes this idea to the extreme and is extremely clear and simple: you can deposit or withdraw money. All other features, such as a refer-a-friend programme or your tax report, are completely optional.

Monefit also wants to make it as easy as possible for you. However, as there are several options available (standard Smartsaver, Vaults with 6, 12 or 24 months), everything is naturally a little more confusing. Although the difference is minimal, Bondora has a slight edge here.

Both providers also perform well in terms of extras when comparing Bondora and Monefit:

• Bondora has an app, but Monefit does not. However, due to its simple concept, this is not really necessary.
• You can easily download a tax report.
• The sign-up bonus at Monefit is significantly better, as you receive €5 starting capital plus 0.5% additional interest for 90 days.

4. Liquidity

Finally, let’s take a look at liquidity, i.e. the availability of your capital. There are some major differences here that could tip the scales in favour of Bondora or Monefit for some investors:

1. Bondora: Your money is available every day and is transferred to your account very quickly when you make a withdrawal. My Bondora review shows that it often only takes a few seconds. Unfortunately, you have to pay a fee of £1 for each withdrawal.
2. Monefit: You can also withdraw your money at any time. However, it can take up to 10 working days for the money to reach your account. There are no fees for withdrawals.

The waiting period of up to 10 working days at Monefit can make all the difference: anyone who parks their money here as an alternative to instant access savings or as an emergency fund wants to be able to access it quickly in an emergency.

In this case, Bondora is clearly the better option with its fast payout times. However, if you are not in a hurry, Monefit is a good choice.

5. My investments

The comparison of providers is based on my own experiences with Monefit and Bondora. I have been using both platforms since the early days!

• Over the years, I have invested various amounts in Bondora and withdrawn them again. In total, I have made a profit of over €2,140! I currently have only €3,290 invested here, but I will increase this amount again soon.

• I am significantly more active with Monefit: I have €11,370 in my account! Around €3,340 of this is in vaults with different terms. The remaining amount is invested via the regular SmartSaver, so I can withdraw it at any time if necessary.

My verdict: Bondora or Monefit?

Both P2P providers have refined their concepts in recent months and now differ more significantly than they did in the past. This makes it easier for us as investors to find the right platform!

Here is my verdict comparing Bondora and Monefit:

• If you are seeking high interest rates with good availability and can tolerate a slightly higher risk, Monefit is the right choice for you. Here, you will receive a very attractive return of 7.5% and can withdraw your money quickly (with a waiting period of up to 10 working days, however, not immediately).
• If greater security and/or maximum availability are important to you, Bondora is the right place for you. Here, you can withdraw your money in seconds and sleep a little more peacefully in future, but in return you will have to settle for interest rates of ‘only’ 6.0%.

75/100

Punkte

Yield: 6.00% interest

Investors: over 460,000

€5 bonus upon registration

REDEEM BONUS*

• Are you looking for an alternative to fixed-term deposits that offers higher interest rates? Then Monefit is the right choice for you! With Vaults, you can tie up your capital for a fixed period and receive up to 10.52% interest.

79/100

Points

7.25% - 10,5% interest credited daily

Available again quickly

€5 + 0.5% extra bonus through our link

REDEEM BONUS*

So there should be something here for every investor looking for flexible, well-interest-bearing P2P lending. And if you are looking for riskier investments with even higher interest rates instead or in addition, it is worth taking a look at my reviews of Swaper (up to 14%) and Debitum (up to 15%).

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