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.
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: NEO Finance UAB
Reg N.: 303225546
Established: 2014
Country: Lithuania
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For Me
5€ when you open an account and 1% for a year
For You
Instant 20€ when you open an account using the referral code: MARO30
Affiliate Link
For Me
5€ when you register
2% of the amount that you invest during 2 months
2% of the amount that you invest during 2 months
For You
As a new investor you will receive €25 sign up bonus
Promo
Instant 20€ when you open an account using the referral code: MARO30
As a new investor you will receive €25 sign up bonus
Currencies
EUR
Languages
EN, NL
Data
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.
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.
Invest Mode
Manual, Auto,
Liquidity
Med
Term
60mo
AIR
18.33%
Defaults
Protection
Provision Fund
Investors
Personal
Citizens of the European Union with a valid personal document (passport or ID card) or valid mobile signature can invest.
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]
Agreements
Indirect
Taxes
NEO Finance Holds Taxes
Like
Risk
Transparency
User Experience
Management Time
Positive
Option to use Provision Fund
Funded on 2014
Multiples Accounts
Lithuanian Bank Account to manage the funds
Funded on 2014
Multiples Accounts
Lithuanian Bank Account to manage the funds
Negative
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