Lande vs EstateGuru: farmland or property loans?

Lande and EstateGuru have a lot in common. Both are licensed European crowdfunding platforms from the Baltics, both lend against real assets instead of relying on a lending company's buyback promise, and both let you sell loans early. Where they differ is what stands behind your loan: farmland and machinery at Lande, homes and commercial property at EstateGuru.

If you like the idea of collateral you can picture, either can be a good fit. Here's how they compare, so you can pick the one that suits you, or use both.

The short answer

• Lande suits you if you want farm loans, no fees at all and a low loan-to-value, and you can leave money for around two years.
• EstateGuru suits you if you want property loans from a platform with a long track record that publishes more default and recovery figures than most.
• Both together spread your money across two different kinds of borrower, whose fortunes depend on different things: harvests and land values on one side, the property market on the other.

Side by side

All figures are from the platforms' own pages, checked on 21 September 2026 unless stated otherwise.

Licence and history

• Lande: European crowdfunding (ECSP) licence from Latvijas Banka since 7 February 2024, valid across the EU. Founded in 2019, with €65.86 million funded across 2,386 loans.
• EstateGuru: ECSP licence from Estonia's Finantsinspektsioon since 8 May 2023, on a platform running since 2014. €966.7 million lent across 7,998 loans, with more than 160,000 active investors.

What secures your loan

• Lande: farmland or agricultural machinery, at an average loan-to-value of 41%. A loan of €41,000 against land valued at €100,000, in other words.
• EstateGuru: a mortgage on every loan, mostly first-rank, held for investors by a separate collateral agent. Baltic loans issued from 2023 to 2025 average a 57.8% loan-to-value.

Where they lend

• Lande: Latvia, Lithuania, Romania and Poland.
• EstateGuru: since 2023, only in Estonia, Latvia and Lithuania, its home markets.

Interest rates

• Lande: an average interest rate of 11.2%, with a range of 10% to 14% shown on its homepage.
• EstateGuru: an average historical return of 9.32%.

Neither figure is what you keep after defaults; we explain below how each platform handles loans that go wrong.

Fees

• Lande: none for investors. Deposits, withdrawals and secondary-market sales are free; borrowers pay the fees.
• EstateGuru: 0.083% a month on performing principal, capped at €100, €3 per withdrawal and 1% on secondary-market sales. That sale fee came down from 3% in November 2025. An inactivity fee applies after 12 months without new investments.

What each licensed platform charges for deposits, withdrawals and selling early is compared in our guide to P2P lending fees.

Getting out early

• Lande: a secondary market at face value with no fee, for loans that are paying normally and repay in instalments.
• EstateGuru: a secondary market for performing loans, with the 1% fee. EG Grow investments can't be sold.

Minimum investment

• Lande: €50 per loan.
• EstateGuru: €50 per loan, €100 for EG Grow.

When a loan goes wrong

Neither platform has a buyback, so your protection is the collateral. Both publish what happens next, which is a good sign in itself.

• EstateGuru has recovered €72.8 million from defaulted loans, on average 10.3 months after the default, and has written off 1.34%. Its yearly default rates, counted by number of loans, were 27.45% in 2023, 13.45% in 2024 and 20.14% in 2025, much of that from its former German and Finnish lending. For its Baltic loans since 2023, it reports 97% of €275 million repaid or performing.
• Lande reports a default rate of 9.35% since September 2020 under the EU crowdfunding rules, with no loss recorded as permanent as of 13 September 2026. About 27% of the amount still outstanding was late or defaulted on 21 September 2026. Recovery runs through courts and bailiffs, where a hearing can come 3 to 9 months after filing.

So with either platform, a defaulted loan usually means waiting rather than an immediate loss. Plan for some money being tied up for a year or more.

What both do well

• Real collateral you can look up loan by loan, rather than a promise from a lending company.
• A licence and audited accounts. Lande's 2025 accounts carry a clean opinion from Orients Audit & Finance; EstateGuru's group is audited by KPMG Baltics.
• Profitable operators. SIA LANDE Platform earned €206,485 in 2025; the EstateGuru group earned €104,305 in 2024.
• Open reporting on defaults, recoveries and late payments.
• Interest paid gross. Neither withholds tax, so you declare the interest in your home country.

Tips for investing in either

1. 1Spread across many loans. With €50 per loan, €1,000 already covers 20 different borrowers.
2. 2Set limits in auto-invest. A maximum loan-to-value and the countries you're comfortable with make a big difference.
3. 3Think in years. Both suit money you won't need for two years or more.
4. 4Read the loan page. Both show the collateral, its valuation and the borrower for every loan.

P2P lending is not a savings account: there is no deposit guarantee, returns are not guaranteed, and you can lose money. Our risk guide explains how, and our full reviews of Lande and EstateGuru go into more detail.

Sources

• Lande: statistics, fees, secondary market rules, debt collection, tax withholding, 2025 annual report
• Latvijas Banka: Lande's crowdfunding authorisation
• EstateGuru: statistics, price list, lower secondary market fees, loan recoveries, mid-2026, annual reports
• Finantsinspektsioon: EstateGuru's crowdfunding authorisation