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8 things you need to know before you start to lend.

  1. From €20 to €2,000, you choose

    You can lend to companies from France, Italy, Spain and The Netherlands. You choose directly which project you wish to lend to and you decide the amount, from €20 to €2,000. October is totally free for Lenders.

  2. Documents necessary to finalize your registration

    In order to start lending you need to send us a few documents :

    • a color copy of your ID (two if you are from a non EU country).
    • a proof of residence (a fiscal proof of residence if you are French, Spanish or Italian living abroad).
    • A bank statement showing your IBAN.

    Once these documents are uploaded, your account will be verified within 48h and you will be able to deposit money by card or transfer.

  3. Two types of Lenders

    October is open to private and institutional lenders. Institutional lenders lend automatically through a fund to every project presented on the platform. Besides, October’s management also lends automatically to every project on the platform to align their interests with yours. This very unique mix of Lenders allows us to guarantee the funding to borrowers.

  4. Monthly repayments between the 15th and 20th

    Each month, you receive part of your capital and interests directly in your October account. You can reinvest your repayments to other projects or transfer them to your bank account without any fee. Monthly repayments are paid between the 15th and the 20th of each month. You can check the date of your next repayments in Transactions tab of your portfolio. 

  5. 1 project selected out of 100

    Our in-house credit team analyses every project through an analysis of the financials, the market and the management of the company. This risk analysis leads to a grade (from A+ to C) which in turn leads to an interest rate given to the project.

  6. Diversification is key!

    Diversification is key to limit the risk of capital loss. We recommend to diversify over at least 50 loans. For example, if you wish to lend €1,000 through our platform, it is better to lend €20 to 50 projects than €100 to 10 projects. Therefore, to get started, you just need to divide the total amount you are planning to lend by 50, that will give you the average amount to lend to each project.

  7. Taxes for non resident

    If you are a French, Spanish or Italian resident, taxes are withheld from your returns directly. If you are a tax resident outside of these three countries, no taxes will be withheld and you will need to declare the revenues earned on October yourself. Every year you will receive a summary of what you need to declare.

  8. Non Performing Loans

    Lending money to SMEs presents a risk of capital loss due to non performing loans : delays or defaults. October manages the process of debt collection and default management for the lenders. More precisely October manages commercial recovery directly and works with a partner for legal collection. Read more on that.