Savy

Platform which provides simplest way to invest in consumer loans

Savy is the first peer to peer online lending marketplace in Lithuania focused on unsecured and secured consumer loans. We connect Lithuanian borrowers with European investors. SAVY enables investors to lend money online and earn higher interest rates. Borrowers can save interest on their loans by borrowing directly from investors rather using more expensive banks or other credit institutions. Unlike other peer to peer companies, SAVY operates in a different way: SAVY does not use deposit account to collect money or distribute payments. SAVY connects borrowers and investors directly via their bank accounts. This enables to avoid regulation rules in most of EU countries. Loan agreements are made directly between borrowers and investors. Loans are structured as annuities, borrowers repay loans back on a monthly basis and returns are transferred to the investors. Loan agreements are made between borrowers and investors, all payments are made automatically.

Investment Mortgage loan Infrastructure Personal loan Real estate

About Savy

UAB Bendrasis finansavimas M. Valančiaus st. 1-1, LT-03105 Vilnius
Contact Email: hello@gosavy.com
Phone Number: +442037693039

4.3
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1.25 / 1.25
2 / 2
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PLATFORM DATA
Max Interest Rate
40%
Min Interest Rate
6%
Max Investment
999999$
Min Investment
5$
Max Loan Terms
90 months
Min Loan Terms
30 days
Loan Types
Investment Mortgage loan Infrastructure Personal loan Real estate
Currencies
EUR
Origin of Platform
Secondary market
Yes
Secured on Assets
Yes
BuyBack Guarantee
No
Platform Membership
Lithuanian National Bank
Launch Date
2014-08-01
Countries to Invest
Only for EU residents
Exclude restricted area
Not Available
Withdrawal time
5 business days
Target Borrowers
Individuals (P2Ps)
Average Interest Rate
23.83%
Uniform rate
No
Automated Lending
Yes
Lending Fees
Percentage
Withdrawal fees
No
API
No
Accepted Payments
Paysera
Lending Model
Market
Platform Lending Type
Individual Retail Company
Status
Operating
Time between application and obtaining money
Not Available business days
Min borrower loan
0$
Max borrower loan
0$
Countries for borrowing
Not Available
Borrowing fees
More on P2P
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