You may have noticed that interest rates dropped significantly on Mintos in August. This is especially true for loan types with higher interest rates like short-term loans, car loans, and personal loans.
If you look at the loan book, it looks like there has been huge repricing happening in August. In the picture below there is total loan amount by month and interest rate bin (by 2 points) for all EUR loans with buyback guarantee with rating better than C and only car loans, personal loans, and short-term loans.
What is visible is that month-over month (July to August) most of the interest rates dropped by one bin (2%). While this might be driven by lower demand I am more inclined to believe that Mintos is trying to push their margin up by lowering interest income for investors.