NEO Finance Review
NEO Finance Review: Is it good? Don't invest before you read this!
A. Vivulskio g. 7, 3162 Vilnius Lithuania
Basic Information
- Founding Date:
- January 2014
- Investors:
- 14,337
- Funded Loans:
- €134,072,803.00
- Regulation:
-
- Investor Protection:
-
Interest & Red Flags
- Minimum Interest Rate:
- 6.89%
- Maximum Interest Rate:
- 22.15%
- Average Interest:
- 12.00%
- Red Flags:
- 0
Loans
- Minimum Investment:
- €20.00
- Minimum Investment Term (Months):
- 1
- Maximum Investment Term (Months):
- 83
- Loan Originators:
- -
- Countries:
- 1
- Payday Loans:
-
- Personal Loans (Consumer Loans):
-
- Business Loans:
-
- Real Estate Loans:
-
- Other Loans:
-
- Ratings:
-
- Worst Rating:
- C-
- Best Rating:
- A
Features
- Manual Investing:
-
- Automatic Investing:
-
- Buyback Guarantee:
-
- Secondary Market:
-
- Tax Report:
-
- App:
-
Fees
- Investing Fee:
- free
- Deposit Fee:
- free
- Withdraw Fee:
- free
- Accounting Management Fee:
- free
- Secondary Market Selling Fee:
- 1.00%
- Secondary Market Buying Fee:
- 1.00%
What is NEO Finance?
NEO Finance is a P2P platform from Vilnius, Lithuania, founded in 2015.
The P2P loans offered on the platform are brokered by the platform itself under the brand name Paskolu Klubas.
Since its inception, the platform has funded more than €134 million worth of loans and is one of the small P2P platforms in Europe.
How does NEO Finance make money?
NEO Finance makes its money mainly through interest income, commissions and other income from operations.
Since no fees are charged to investors, except for negligible fees for sales on the secondary market, this is the only source of income.
Who owns NEO Finance?
The majority stake in the platform is held by the two founders Evaldas Remeikis and Aiva Remeikiene.
Other shares are held by angel investors and other parties.
How secure (reputable) is NEO Finance? Is NEO Finance legal?
NEO Finance is officially regulated by a financial market regulator, as mentioned earlier, which speaks for the safety of the company.
Furthermore, the platform has successfully financed loans on a sufficiently large scale, which also confirms a safe and legal business model.
For the aforementioned reasons, we therefore rate NEO Finance as a safe platform.
How does NEO Finance work?
You first need to register on NEO Finance and then deposit money via a bank transfer before you can start investing.
With your first deposit via a standard bank transfer, you also confirm the bank account to which withdrawals can be made.
After successful registration and initial deposit you can then invest directly in the offered credits.
You only have to consider a minimum investment amount of 10 € and you can invest manually or automatically.
In addition, you can choose whether you want to invest in the primary market (initial loans) or secondary market (loans from other investors).
How can I invest on NEO Finance?
You can choose any loan you want to invest in on the platform.
This makes sense, among other things, if you are just starting to invest and do not want to wait for Auto Invest to invest for you.
Or if you want to invest in the secondary market, because the automatic function is not offered for the secondary market.
With the Auto Invest automatic investment feature, you can specify which loans you want to invest in within minutes.
The following settings are possible:
Investment per loan,
interest rate,
maturity and
risk classes (ratings).
NEO Finance\'s Auto Invest is easy to use and, in our opinion, offers all the important settings.
You can determine which loans you want to invest in the future with just a few clicks.
Can I get a bonus on NEO Finance?
If you want to get a bonus of 10 € on NEO Finance, you just have to register for it via our bonus link*.
What are the warning signs to watch out for on NEO Finance?
At the moment, we have not noticed any warning signals with NEO Finance.
Alternativen
Review result
with all advantages & disadvantages
Safety (40.00%)
Gewichtigung: Age: 40.00%, Funded Loans: 40.00%, Regulation: 20.00%.
The platform is older than 5 years. In the past, sudden failures of platforms that have been on the market for such a long time have occurred very rarely.
The platform is officially regulated, which greatly increases security.
Interest and Risk (40.00%)
Gewichtigung: Average Interest: 50.00%, Red Flags: 50.00%.
The average interest rate is higher compared to other platforms.
The platform has no red flags that investors should pay attention to.
Features (20.00%)
Gewichtigung: Automatic Investing: 20.00%, Buyback Guarantee: 20.00%, Secondary Market: 20.00%, Tax Report: 20.00%, App: 20.00%.
Hinweis: Although we take every care to ensure the accuracy of the information and the representative example, no warranty can be given with regard to the correctness, accuracy, timeliness, reliability and completeness of the content. All information is based on the available information from the provider.
Last updated on 14 March 2023