Punk Finance has been one of the early Loan Originators at Monestro. This partnership has been based on trust and dedication for many years. We are excited to announce that after having a wonderful experience working with Monestro, Punk Finance has extended its business with us by offering more loans from the Lithuanian market.
Punk Finance is a pan-Baltic group of licensed credit providing companies specializing in direct consumer financing, white-label financing solutions, and financial technology development. Their vision is to create a new standard in the financial service market. They are making it possible for more people to benefit from the financial services to sustainably develop their life or business through long-term partnerships and individual payment plans.
Key Features of Punk Finance
1-Credit Limit
Credit product for clients who are looking for a flexible loan solution that can be repaid and taken into use as they see fit.
- Termless contract
- From €500-€1 500
- Interest rate 47.5%
2-Consumer Loans
This is a loan product for clients who are looking to finance larger purchases and unforeseen expenses.
- 12 to 60 months
- From €500-€15 000
- Interest rate starting from 16%
3-Refinancing Loan
This is a Liability refinancing for clients who are looking to get their finances in order and obtain a clean credit history
- 12 to 84 months
- From €500-€15 000
- Interest rate starting from 18%
BuyBack Guarantee
All the loans from the Lithuanian market listed on Monestro platform offer a buyback guarantee. If a loan with a buyback guarantee is delayed by more than 60 days, the loan is automatically bought back by Pun Finance from the investor at the nominal value of the outstanding principal, plus accrued interest income.
Key Financials for 2020
The loans are 100% financed by the company itself with no external debt. The financial reporting is in accordance with IFRS standards and is audited by Pwc.
How to Invest in Loans?
Create an account on Monestro for free and verify yourself. Deposit the desired amount of money from your bank or e-money account to your Monestro investor account. Once the money arrives, select the loans where you want to invest and each month earn principal plus interest payments from borrowers. Get more info about investors here
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