Savy is a peer-to-peer lending marketplace that connects investors with borrowers across Europe. With the promise of a high ROI of 25%, Savy is revolutionizing the way investors lend and borrowers borrow. Founded in Vilnius, Lithuania, Savy is the first peer-to-peer online lending marketplace in the country that is focused on unsecured and secured consumer loans.
Revolutionizing Lending in Europe
Savy has disrupted the traditional banking industry by creating an online platform that enables investors to lend money online and earn higher interest rates. Borrowers, on the other hand, can save interest on their loans by borrowing directly from investors rather than using more expensive banks or other credit institutions.
Peer-to-peer lending is not a new concept, but Savy operates in a different way. Unlike other peer-to-peer companies, Savy does not use a deposit account to collect money or distribute payments. Instead, Savy connects borrowers and investors directly via their bank accounts. This enables the company to avoid regulation rules in most of the EU countries. Loan agreements are made directly between borrowers and investors, and loans are structured as annuities. Borrowers repay loans back on a monthly basis, and returns are transferred to the investors.
How Savy Works
Savy operates through a simple and efficient process. First, borrowers apply for loans on the Savy platform, and their applications are assessed for eligibility. Once a borrower is approved, their loan is listed on the platform for investors to fund. Investors can browse through available loans and choose which ones they would like to fund. Savy facilitates the transfer of funds between investors and borrowers and ensures that all payments are made automatically.
Benefits of Investing through Savy
Investing through Savy has several advantages. Firstly, investors can earn higher interest rates on their investments than they would with traditional banking products. Secondly, investors have access to a diversified range of investment opportunities, which reduces their overall investment risk. Finally, investing through Savy is easy and hassle-free, as the platform takes care of all the administrative tasks.
Benefits of Borrowing through Savy
Borrowing through Savy also has several benefits. Firstly, borrowers can access loans at lower interest rates than they would with traditional banks or other credit institutions. Secondly, the borrowing process is quick and easy, with loan applications processed within 24 hours. Finally, borrowers have access to flexible loan terms and repayment schedules that suit their financial needs.
In conclusion, Savy is a peer-to-peer lending marketplace that is revolutionizing the lending industry in Europe. With a focus on connecting European investors with Lithuanian borrowers, Savy is creating a more efficient, cost-effective, and accessible lending system. By avoiding regulation rules in most of the EU countries, Savy is enabling investors and borrowers to benefit from a direct, transparent, and secure lending process.
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