Omaraha - Risk and return review
Omaraha - Returns and loss rates
Omaraha – Platform statistics 2026
258520
investors
Omaraha – Pros & Cons
About Omaraha
What it is
Omaraha is an Estonian peer-to-peer lending portal run by OÜ Omaraha (registry number 12045597, Haapsalu), with statistics going back to 2011. Investors lend to consumers who borrow €50 to €10,000 for 3 to 120 months at an APR of 8% to 50%; a small share of loans is secured. The home page shows €127.9 million of loans issued (1 November 2026). The investor portfolio is shrinking: €9.47 million in January 2026 and €8.64 million in October 2026, with about €0.35 to €0.46 million of new investment a month.
How it works
You register, verify your email and phone and sign the portal terms. You then set up to ten investment profiles: the interest rate, the most you put into one loan, the commission for the portal and the credit-score ranges (601 to 1,000). The system then invests automatically, from €10 per loan, and concludes the agreements for you. You can also pick loan applications by hand; on 1 November 2026 one open application offered 30% on a two-year loan.
Returns
Omaraha shows a projected return of 16.0% a year, measured as XIRR, every month of 2026 (as of October 2026). Its "today's" XIRR, the return so far, is 15.1% since the start, but only 10.2% over the last 12 months (9.8% to 11.2% during 2026). The platform does not define these measures or say whether they are before or after its 25% commission on interest. The gap between the all-time and the recent figure suggests returns have fallen.
Losses and defaults
No default rate or loss figure is published. Loans 8 to 90 days late are marked yellow, and those more than 90 days late red. In October 2026 €1.05 million was 8 to 90 days late and €0.32 million more than 90 days late, against a €8.64 million portfolio: about 12.1% and 3.7%, calculated from the platform's own figures. Unpaid loans are sold to a debt collector on the 100th day; €27.3 million of loans have been sold this way since the start, about 22% of the €124.4 million invested. Sold loans are not the same as losses, because the warranty fund pays part of the balance.
What secures your money
The consumer loans are unsecured. Borrowers pay 0% to 4% of each loan into a warranty fund (except on secured loans). When a loan is sold to collection, the fund pays investors at least 50% and at most 80% of the loan balance, depending on the ratio between the fund and the problem loans; the price list states 50% of the remaining principal. You lose the rest, as the collection proceeds go back to the fund. The fund's size is not published, and Omaraha says it is not a guarantee fund under the Guarantee Fund Act and carries no state guarantee. There is no buyback.
Who runs it and its licence
The operator is OÜ Omaraha, Posti 30, Haapsalu, Estonia. The site names no regulator, licence or licence number, and no licence could be confirmed. Consumer lending in Estonia normally requires a licence from the Financial Supervision Authority, so investors should treat the licence as not confirmed. Court records show that Omaraha terminates loans after missed payments and assigns the claims to a debt-collection company.
Fees
Investors pay a commission of 25% of the total interest (5% on secured loans) and €1 for each transfer to a bank account. Borrowers pay an agreement fee of 2% (at least €7) on long-term loans, 0% to 4% into the warranty fund, early-repayment and extension fees, and €5 to €50 in collection costs for late payments.
Getting your money out
Money comes back with the borrowers' monthly repayments, over terms of up to 10 years, and can be moved only to your own bank account, for €1 per transfer. Payments run through SEB bank. Money not yet lent in a pending loan can be pulled by setting the amount to zero. No secondary market for selling loans to other investors is described.
Our view
Return: Very high. The platform projects 16.0% a year. Risk: High (higher means more risk). The loans are unsecured, no default figure is published, about 22% of the money invested has been sold to collection, where the fund repays only 50% to 80%, and no licence is shown. Risk-return: Low, because the return measures are undefined and the realised return over the last 12 months is only 10.2%.
Regulation
License / Regulation: Licence not confirmed — OÜ Omaraha (registry number 12045597, Estonia) names no regulator, licence or licence number on its site, and no licence from the Estonian Financial Supervision Authority could be confirmed as of 1 November 2026. Its warranty fund is not a guarantee fund under the Estonian Guarantee Fund Act and carries no state guarantee.
Functionality
For Investors
For Fund Seekers
Useful Information
Not confirmed. OÜ Omaraha names no regulator, licence or licence number on its site, and no licence from the Estonian Financial Supervision Authority could be confirmed as of 1 November 2026.
Your money sits in an investment account on the portal, and payments run through SEB bank. The site does not say whether investors' money is kept apart from the company's own money.
€10 per loan. Your investment profiles spread money across loans automatically.
The platform projects 16.0% a year (XIRR) and shows 15.1% realised since the start, but 10.2% over the last 12 months (October 2026). No loss figure is published; about 22% of the money invested has been sold to debt collection, where the warranty fund repays 50% to 80% of the balance.
The loans are unsecured. A warranty fund, paid for by borrowers, repays 50% to 80% of a loan's balance when it is sold to collection on day 100. Its size is not published and it is not a state guarantee. There is no buyback.
No secondary market is described. Money returns with monthly repayments over terms of up to 10 years and can be moved to your own bank account for €1. Money waiting in a pending loan can be withdrawn by setting the amount to zero.
A commission of 25% of the total interest (5% on secured loans) and €1 per transfer to your bank account.
If a borrower is 100 days behind, the loan is sold to a debt collector and the warranty fund pays you 50% to 80% of the balance; you lose the rest. What would happen to loans and cash if OÜ Omaraha failed is not described on the site.
Omaraha shows a realised XIRR of 15.1% since the start but 10.2% over the last 12 months (October 2026). It does not explain the gap or define the measures; it suggests recent results are weaker than the long-run average.
