HeavyFinance Review

Description

HeavyFinance is a Lithuania-based peer-to-peer (P2P) lending platform that focuses on agricultural loans secured by assets such as heavy machinery and farmland. Advertised average annual returns range from 12% to 14%, with a minimum investment of €100. The platform includes features such as auto-invest and a secondary market to provide investment flexibility. HeavyFinance is regulated by the Bank of Lithuania and has received the European Crowdfunding Service Providers (ECSP) license, which allows it to operate across the EU. The platform's management team has a background in fintech and P2P lending, contributing to its overall credibility. However, some reviews point to concerns about loan performance, with a significant percentage of loans, around 39% as of October 2024, being overdue, potentially affecting investor returns and liquidity. HeavyFinance’s emphasis on the agricultural sector offers a unique investment opportunity, but it also exposes investors to sector-specific risks. The platform has made efforts to maintain transparency, providing regular performance updates to help investors make well-informed decisions. Reviews are mixed, acknowledging both the platform's potential for high returns and the challenges posed by overdue loans and the inherent risks of agricultural lending. Since HeavyFinance doesn't publish actual net annual returns, the net annual return was estimated by reducing the average weighted interest of 13.19% with the ratio of defaulted loan amounts versus interest paid amount.

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