Lendrock

Last Updated: 03.06.2019.

Lendrock
Loans Originated
€ 3.5M
Loan portfolio
€ 2M
Buyback Guarantee
Without a buyback guarantee
Skin in the Game
10%
Average Interest %
10.0%
Website: lendrock.com
Founded: 2015
Employees: 18
Joined Mintos: June 2019
Loan Type: Car Loan
Country: Spain
Currency: EUR
Effective APR charged to borrowers: 20%-40%
Loans Outstanding on Mintos: € 15 107
Schedule extension: No

About

Established in 2015, Lendrock provides fast and flexible funding for borrowers who are purchasing low-cost cars, that is, cars under EUR 10,000. Lendrock is the only end-to-end financing platform which specializes in financing low-cost cars in the country.

This means, Lendrock not only helps out the borrowers of the car but also the car dealership. Because of this, the company has created partnerships with more than 500 car dealers in Spain. Lendrock covers all aspects from origination through to servicing, including registration of the vehicle. 

Last Updated: 31.05.2019

Last Updated: 31.05.2019

Last Updated: 31.05.2019