Investing has gained immense popularity over the past couple of years. It is a great way to make money and is offered by many companies, but it can be confusing as every company has completely different conditions on the platform. We are pleased to say that DoFinance stands out from the competition with its transparency and profitable terms. In this article, we will explain the simple steps that any new customers should take to become a part of this big company and start to make a profit.
How to begin
Before you start making money, let’s look at what DoFinance does. DoFinance is a Peer to peer (P2P) lending platform, belonging to the Alfa Finance Group. The company was established in 2015 and since then has successfully provided services for anyone wanting to invest funds. The main role of the business is investing in customer loans. The loans can vary from a profitable start-up idea to a simple loan for a new car purchase. In both cases, the system is basically the same and the main focus is not on the borrower, but rather the conditions of the loan itself.
Just 3 easy steps
So now the idea is clear and you are keen to get started. How do you proceed next? There are just 3 easy steps that investors need to do to start that money wheel spinning.
The first step is registration and it only takes about 5 minutes. Simply enter your necessary data and add the required documents to prove your identity. When the registration is completed you will have access to your account, where all the magic happens.
The second important step is to deposit your funds. You may not plan on investing a huge fortune and so, we are pleased to say that the minimum deposit is only 10 euro to allow you to access the platform. There are no fees for investing, but there are some limits for the individual investors, according to the DoFinance Anti-money Laundering procedure. If the investing sum exceeds €10,000 or €50,000 limits, then the company will require some additional documents.
After adding funds to your wallet, comes the third step – investing. There are two types of auto investment plans available at DoFinance: a 10% annual interest rate with a 4 month minimum investment term or 13% annual interest rate with a 12 month minimum investment term. There is also the manual investment option for experienced investors, but for beginners, we recommend using the DoFinance automation tool. The DoFinance auto invest tool will create an investment portfolio based on your preferred terms, amount of funds and interest rate. You can choose to invest in loans with a term ranging from 4 months up to 84 months.
If you are reinvesting
If you want to reinvest your funds, you need to choose a new Auto Invest plan, and your funds will be automatically reinvested in different loans until your Auto Invest term finishes again. Please note that the Auto Invest algorithm does not constitute advice, investment recommendation, individual portfolio management services, or investment brokering on behalf of DoFinance or its group companies. Investors assume full liability for any investment decision made on the DoFinance platform.
When will the profit come?
Investing is a gradual process and after choosing an automatic investment program your money will flow from one project to another, unnoticed by you. Your earnings will be 10% or 13%, depending on the selected investment plan. At the end of the investment term, your investment will be in the status ‘Closed’ which means your auto-invest function will be no longer active. Your funds will be returned on the due dates of underlying loans.
Please note, that all investments contain high risks, and they should not be considered as the main source of income.