NEO Finance is the P2P investment arm of the Lithuanian lender Paskolu Klubas. We have been operating since 2016 and hold authorizations from the Bank of Lithuania.
We offer opportunity to invest in traditional personal loans with typical rates of around 18% and terms of 48 months. We will buy back defaulted loans at our expected future recovery level which is between 50-80% of outstanding balance. We forecast that our investors should expect net returns of between 11 to 15% after defaults.
Company: UAB NEO Finance
Established: 2014
Country: Lithuania
Financed:  32 123 881
Investors: 6 963

Support Flow

If you have decided to open an account on this platform, use one of the links below at no extra cost for you, and you will support the Flow project!! 😉

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For Me

10€ when you open an account and invest 150€ in the first 90 days
&

For You

Instant 10€ when you open an account using the referral code: MARO30

As a new investor you will receive €25 sign up bonus

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For Me

5€ when you register

2% of the amount that you invest during 2 months

&

For You

As a new investor you will receive €25 sign up bonus

CashBack

Yes
Instant 10€ when you open an account using the referral code: MARO30 As a new investor you will receive €25 sign up bonus

Currencies

EUR
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Languages

English

Data

m

Type

Consumer Lending

Secondary Market

Yes
When buying and selling investments in the secondary market, brokerage fee of 1% is applied. It is calculated with respect to the investment sale price.
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Invest Mode

Manual, Auto

Liquidity

Med
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Term

60mo

AIR

9% - 23%

Protection

Provision Fund

CashBack

Yes
Instant 10€ when you open an account using the referral code: MARO30 As a new investor you will receive €25 sign up bonus

Investors

Personal
Citizens of the European Union with a valid personal document (passport or ID card) or valid mobile signature can invest.

Min Invest

10

Fees

Free

Transfers

Open and Transfer funds to your Personal Lithuania Bank Account (IBAN) [Limit 15000€/month]
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Agreements

Broker

Taxes

NEO Finance Holds Taxes
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The Million Dollar Question(s)

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What will happen if the Platform Folds?

If bankruptcy is initiated, the appointed bankruptcy administrator will return all funds held in the electronic money accounts to their owners by transferring them into the (client) bank accounts. All funds covering the electronic money of the clients are held in the banks in separate accounts and are not considered as the property of the company. In accordance with the current legislation, the recovery related to the debts of the company cannot be aimed at these funds, they cannot be seized, etc., therefore the company can buy out all electronic money of the clients at any time despite the amount thereof (i.e. it is not limited by the 100 000 EUR deposit insurance amount). When discussing the obligations of the company, as the operator of the mutual lending platform, in case of the company bankruptcy, we will follow the activity continuity plan that is coordinated together with the Bank of Lithuania, and provides for the specific actions and procedures that have to be carried out. The most important principle – all agreements that are concluded via the system are valid and must be executed further. The information of investors and loan recipients are revealed to one another no later than within four business days so that the agreements can be carried out. This means that the loan recipient will have to pay the monthly payments directly to the investors.
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What will happen if an Originator Folds?

Like

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Risk

Please note that Risk is just based on my personal "feeling", in the future I will develop a real Risk Rating based on data.
N

Positive

Option to use Provision Fund
Funded on 2014
Multiples Accounts
Lithuanian Bank Account to manage the funds
M

Negative

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Latest News

Member of

Bank of Lithuania