Bondora Go & Grow: Simple & Smart P2P Lending
Bondora Go & Grow is a hassle-free, automated investment platform designed by the Estonian fintech company Bondora. It offers an easy way to invest with minimal effort while earning a stable return of up to 6.75% per year.
With high liquidity, investors can withdraw their funds anytime for a small fee of just €1, making it an excellent choice for those seeking low-risk investments with quick access to their money.
Go & Grow also helps users set and achieve financial goals, whether it's saving for retirement, funding a big purchase, or planning a dream vacation. With daily interest accrual and automatic reinvestment, your money works for you every day.
Launched in April 2018, Go & Grow has become a popular choice for investors looking for simplicity, reliability, and steady growth.
Key Features of Bondora Go & Grow
Go & Grow by Bondora has several advantages over other investment products. These features make Go & Grow an attractive choice for investors looking for simplicity, reliability, and accessibility in their investments.
Simplicity and Automation
Go & Grow is a simple and fully automated way to invest, making it accessible to everyone, including beginner investors with no prior experience.
High Returns
The product offers a stable return of up to 6.75% per year.
High Liquidity
You can withdraw any amount for just €1.
Low Risk
Go & Grow offers relatively low risks thanks to portfolio diversification.
No Deposit Limits
Deposit any amount into your account with no funding restrictions.
Compound Interest in Action Daily
Taxes are only paid when you withdraw your earnings.
Monthly Investment Limit – Temporarily Removed!
The €1,000 monthly deposit limit for Bondora Go & Grow, which was introduced to balance supply and demand, has now been lifted. You can invest without any restrictions and continue to enjoy annual returns of up to 6.75%.
Previously, if you invested more than €1,000, your returns were capped at 4%. This limitation has also been removed, offering you greater flexibility in your investment.
Risks Associated with Investing in Go & Grow
Investing in Bondora Go & Grow comes with several risks. These risks should be considered when deciding to invest in Bondora Go & Grow, despite its simplicity and attractive returns.
No Government Insurance
Bondora is not a bank and is not subject to government regulation, meaning there is no deposit insurance. This increases the risk of capital loss if the company faces financial difficulties.
Credit Risk
Investments in Go & Grow are linked to P2P loans, where borrowers may fail to meet their repayment obligations. While Bondora uses diversification to mitigate this risk, it still exists.
Liquidity Risk
Despite its high liquidity, certain conditions—such as economic crises—may cause delays in fund withdrawals if plenty of investors attempt to cash out simultaneously.
Limited Control Over Investments
You invest in a diversified loan portfolio without direct visibility or control, and all claims are managed by Bondora throughout the investment period.
My Experience with Bondora Go & Grow Since 2018
Since the launch of Bondora Go & Grow in 2018, I have been continuously investing, using this tool both for long-term savings and as a temporary place to park funds.
Depending on my current projects, the amount in my account fluctuates, as there are times when I need immediate liquidity, prompting me to withdraw funds for urgent financial needs.
For example, at certain moments, I have withdrawn up to €5,000, but I continue to invest, maintaining a balance between returns and accessibility. As of 2024, I still hold over €2,000 in Bondora Go & Grow and consider it one of the best products in the P2P lending market.
This flexible approach allows me to manage my investment effectively, ensuring both profitability and accessibility at any given time.
bondora G&G
How to Forecast Earnings Using the "Forecast" Feature
My favorite feature in Bondora Go & Grow is the "Forecast" tool, which allows you to estimate potential capital growth considering compound interest. This convenient option helps visualize how your investments can grow over time and significantly simplifies financial planning.
How to Use It:
- Access the Feature: Log into your Bondora account and select "Go & Grow" from the menu.
- Find the Forecast Tool: In the interface, look to the right and locate the "Forecast" option.
- Enter Your Investment Details: Input your current balance, planned monthly contributions, and investment duration.
- View the Projection: The tool will calculate and display an estimated growth trajectory based on the expected annual return of up to 6.75%, factoring in compound interest.
- Adjust and Plan: Experiment with different contribution amounts and durations to tailor your financial strategy.
This tool makes it easy to set realistic goals and optimize your investment plan for the future.
Enter Your Investment Details: Input your initial investment amount, expected monthly contributions, and planned investment duration. You'll instantly see how your capital is projected to grow over time.
Set a Target Amount: If you have a specific goal in mind, enter your target amount and choose how often you want to invest—the system will calculate how much you need to contribute to reach your goal. (Screenshot 1)
This feature makes it easy to fine-tune your investment strategy and maximize your potential returns with minimal effort.
See the Final Outcome: Alternatively, you can input your regular deposit amount and let the tool show the expected total value at the end of your investment period. (Screenshot 2)
forecast bondora tool 1
forecast bondora tool 2
Experiment with different numbers, and you'll see how your capital can grow under various scenarios. By adjusting the initial investment, monthly contributions, and investment period, you can visualize how different strategies impact your final balance.
This tool also clearly demonstrates the power of compound interest in action, showing how even small, consistent investments can lead to significant growth over time.
Financial Goals to Set with Go & Grow
When setting financial goals in Bondora Go & Grow, it's important to consider several factors to ensure they are realistic and achievable:
- Specificity – Clearly define your goal. Instead of just "saving money," set a specific target like "save €10,000 for a car purchase."
- Measurability – Ensure you can track progress. For example, committing to saving a fixed amount each month helps you stay on course.
- Achievability – Goals should be realistic based on your current financial situation and income.
- Relevance – Your goal should be personally meaningful to keep you motivated.
- Time-Bound – Set a deadline. For example, "save for an Everest expedition within 36 months."
By following these principles, you can effectively use the "Forecast" tool in Go & Grow to plan and reach your financial goals with confidence.
How to Get €5 When Signing Up for Bondora Go & Grow
To receive a €5 bonus when registering on Bondora Go & Grow, follow these steps:
Sign Up via a Referral Link – Register on the Bondora platform using a referral link. This step is required to qualify for the bonus.
Make Your First Deposit – After registration, deposit at least €50 into your account within 30 days. This is necessary to keep the bonus.
Receive Your Bonus – The €5 bonus will be credited to your account immediately after registration, even before making a deposit.
These conditions allow new users to explore the platform with minimal investment (€50) and experience its benefits firsthand.
Taxation on Bondora Go & Grow – How It Works
When it comes to taxation on Bondora Go & Grow, the process is straightforward and easy to understand.
- No Taxes Until Withdrawal – You won’t incur any tax obligations as long as you don’t withdraw your funds. No need to worry about declaring anything until you decide to take money out.
- Interest Is Not Taxed Until Withdrawal – Your portfolio will show the amount you’ve invested, but interest earnings will not be displayed in your account until you make a withdrawal. This is also reflected in your tax report.
- Taxation Similar to Stocks – Bondora follows a tax model similar to stock investments, meaning taxes are only paid on your earnings when you actually withdraw your funds.
With this structure, you can enjoy up to 6.75% annual returns without having to think about taxes—until you decide to cash out.
bondora tax
Please note: This is not tax advice. We recommend consulting a tax professional to ensure you're complying with your local tax regulations.