Sun Finance

Last Updated: 24.05.2022. Date when the basic information was updated
Sun Finance
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 1.3 B
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
€ 80 M
Buyback obligation A credit enhancement given by the lending company or other entity to the Issuer for a particular Set of Notes. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued, outstanding or late interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
With a buyback obligation
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
10% - 100%
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
11.9%
Website:
Founded:
2017
Employees:
1000
Joined Mintos:
December 2017
Loan Types: The type of loan the company has issued to borrowers.
Personal loan Pledge type group unsecured
Short-term loan Pledge type group payday
Forward Flow Pledge type group forward flow
Countries: Countries in which the loans were issued by the lending company.
Currencies: Currencies in which investment opportunities from the company are offered.
EUR, PLN, KZT
Annual percentage rate charged to borrowers:
0%-950%
Outstanding investments: Total volume of outstanding and available investments from this company on Mintos. Updated daily.
55 782 641
Schedule extension: During the first 30 days after the due date of a loan payment, the borrower can opt for extending the loan payment schedule. The maximum number of extensions depends on the loan agreement and can't be more than 6. If the lending company agrees, the loan will be automatically updated, with the new schedule, and the due dates for all outstanding payments will be extended by up to 31 days. Investors will continue to earn the same interest throughout the remaining loan term.
Up to 6

About

Sun Finance has brands listed on the Mintos platform operating in Latvia, Poland, Denmark, Kazakhstan, Mexico and Vietnam. As of 2019, all company's loan originators' loans are listed under the Sun Finance brand. The company uses the latest technologies to ensure instant consumer identification and scoring. Sun Finance is continuously growing in its core markets as well as considering strategic opportunities in entering new markets.

Some of the equity investors of Sun Finance and Mintos overlap.

Last Updated: 09.06.2022

Last Updated: 09.06.2022