Extra Finance

Last Updated: 31.12.2017. Date when the basic information was updated
Extra Finance
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 32.9 M
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
€ 5.9 M
Buyback obligation A credit enhancement given by the lending company or other entity to the Issuer for a particular Set of Notes. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued, outstanding or late interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
With a buyback obligationWithout a buyback obligation
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
Loan Types: The type of loan the company has issued to borrowers.
Mortgage loan Pledge type group real estate
Countries: Countries in which the loans were issued by the lending company.
Currencies: Currencies in which investment opportunities from the company are offered.
Effective APR charged to borrowers: APR is not always the most representative measure of the cost of borrowing, therefore, Mintos shows effective APR. This is a unified measure among all loan originators on the platform. To calculate the effective APR, the methodology called XIRR (extended internal rate of return) is used, which is further adjusted to exclude compounding effects. Effective APR is calculated based on the cash flows charged to the borrower which includes principal, interest and any fees charged on a single loan basis, whether they are compulsory or not or are charged by a third party.
Outstanding investments: Total volume of outstanding investments from this company on Mintos. Updated daily.
519 271


The company was a founding member of the Romanian Consumer Loan Association and starting from June 2017 was included in the Special Register and has prudential regulation similar to a bank from the National Bank of Romania.

Since March 17, 2020, due to the revocation of its licence in Romania, IFN Extra Finance has not been issuing any more loans to the borrowers and entered an orderly wind-down process.

Last Updated: 12.12.2017

Last Updated: 20.06.2019

Last Updated: 17.10.2017