|Effective APR charged to borrowers:||428%|
|Loans Outstanding on Mintos:||€ 13 446 606|
Dinero was established in 2017. The main goal of Dinero is to provide customers with immediate assistance in the event of unforeseen financial situations. The way the company assesses the creditworthiness of its clients is by using various scoring models, depending on the clients' sociodemographic parameters such as age, credit history and other factors.
The typical borrowers of loans issued by Dinero are aged 18 to 75 years, who usually take loans for personal unforeseen expenses. The company charges its borrowers an annual percentage rate (APR) of 270%.