Platforms with secondary market
Crowdlending loans run for fixed terms — 3 months to 5 years depending on segment. Without a secondary market, you are locked in until maturity. A working secondary market lets you list your positions, set a price (par, discount or premium) and exit early — subject to a buyer appearing.
Most major platforms now advertise a secondary market, but the practical liquidity varies enormously. On the biggest marketplaces you can usually sell within hours at a small discount. On smaller platforms the secondary market can sit dead for weeks.
How to evaluate it
Look for three things: the public statistics on actual volume (not just the existence of the feature), the fee for listing or buying (some platforms charge 0.5–1.5%), and whether the platform lets you discount below par — without that, distressed loans cannot trade.
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- Some early exit before loan maturity.
- Lets you rebalance or react to changing risk appetite.
- Liquidity is usually thin — long queues are common.
- You often need to sell at a discount to clear.
- Defaulted loans cannot usually be listed.
Picking a platform in «Platforms with secondary market».
Treat secondary-market liquidity as a “nice to have”, not a planned exit. Size positions assuming you hold to maturity.
Frequently asked.
Are there fees on the secondary market?
Most platforms charge 0.5–1 % of the sale value. A few are fee-free as a promotion.