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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Rating

⭑⭑⭑ ⭒⭒

3.2

based on 3 ratings

Key Facts

Investment Structures	Marketplace (peer-to-business)
Originator Types	Project Originators
Investing Into	Business Loans
HQ Country	Lithuania

Investments

Interest Rates	12.00% – 14.00%
Number of Originators	n/a
Number of Countries	5
Currencies	n/a
Minimum Investment	100 EUR

Statistics

Average Net Return	3.14%
Total Loans Funded	61,954,979 EUR
Loans Outstanding	32,159,218 EUR
Loans Current	26,168,059 EUR
Loans Late	n/a
Loans 1 To 15 Days Late	n/a
Loans 16 To 30 Days Late	n/a
Loans 31 To 60 Days Late	n/a
Loans 60 Plus Days Late	n/a
Loans Defaulted (In Recovery)	5,991,159 EUR
Loans Defaulted (Recovered)	n/a
Loans Defaulted (Written Off)	n/a
Investors	12,668
Average Amount Per Investor	10,276 EUR
Principal Returned	29,795,761 EUR
Interest Earned	7,859,953 EUR
Late Fees Earned	n/a

Features

Auto-Invest	Available
Available. HeavyFinance offers an auto-invest feature that allows investors to automate their investments according to predefined criteria.
Manual-Invest	Available
Available. Investors can manually select and invest in individual loans listed on the platform.
Secondary Market	Available
Available. HeavyFinance provides a secondary market where investors can buy and sell existing investments, offering increased liquidity.
Instant Cash-Out	Available
Instant Cash-Out: Not available. The platform does not offer an instant cash-out feature; liquidity depends on the ability to sell investments on the secondary market.

Risk & Security

Buyback Guarantee	Available
Buyback Guarantee: Not available. HeavyFinance does not offer a buyback guarantee. Instead, loans are secured by collateral such as heavy machinery or farmland.
Payment Guarantee	Available
Payment Guarantee: Not available. There is no payment guarantee; returns depend on borrower repayments.
Rating System	Available
Rating System: Available. The platform assigns risk ratings to loans, helping investors assess the risk associated with each investment.
Due Diligence	Available
Due Diligence: Available. HeavyFinance conducts due diligence on borrowers and provides detailed information about each loan, including financial data and collateral details.
Skin in the Game	Not available

Collaterals	Inventory
Maximum Loan To Value (LTV)	70.00%

Sign Up Bonus

Investors who register through any affiliate link receive 2% cashback on their invested amount for the first 30 days.

Disclosure

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Legal Notice

This is not an offer to invest. Investing in financial instruments involves risk. No investment is guaranteed, and there is always a risk of partial or full loss of invested funds. This information is not investment advice or a recommendation. All investment decisions shall be made by you independently, taking into account all your personal circumstances. BeyondP2P earns commissions from platforms when you sign up through our affiliate links. This can influence how prominently platforms are displayed, but we strive not to let it influence us on how we write about them.