FAQ Group: General

Are the earnings (i.e., interest received) from investments on HeavyFinance platform subject to taxation?

Important information for Lithuanian residents If you invest as an Individual, the interest earned is included in Class B income, which you must declare and pay 15% PIT (personal income tax) on that income. This tax must be paid by Lithuanian residents themselves on the total amount of interest received during the tax period, which …

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Why do I need proof of my income before starting investing?

HeavyFinance must implement the measures for the prevention of money laundering and terrorist financing established by the legal acts, therefore, before establishing the business relationship, the identity of each user has to be authenticated. Therefore, HeavyFinance is obliged to ask investors to prove their income source to be able to invest in the projects on …

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Why can’t I see some projects after logged in?

As for now, we offer different investment opportunities for each group of electronic wallet holders which means the HeavyFinance wallet users will not be able to invest in loans available to investors with Paysera accounts and vice versa. However, we are providing equal investment opportunities for both HeavyFinance investment wallet and Paysera digital wallet holders.

What are the payment solutions available on the HeavyFinance platform?

During the registration process, you will be able to choose the payment solution between the HeavyFinance investment wallet and Paysera digital wallet. Both wallets are free of charge and provide a seamless customer experience for our investors. However, there are some slight differences that may help you decide which one to choose. HeavyFinance investment wallet …

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How to invest on HeavyFinance?

First of all, to see all the details about each project and to be able to start investing, you have to create an account on HeavyFinance and choose your payment solution of choice. All available projects can be found on the projects page. There you can read all the provided information about projects after pressing …

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Who is permitted to invest on the HeavyFinance platform?

Investing using the HeavyFinance crowdfunding platform is permitted to natural persons who have reached the age of majority and all legal entities. Prior to making an investment, it is important to confirm your identity via the verification process.

What measures does HeavyFinance take to ensure loan security?

Depending on the project, various measures can be taken to ensure the security of the loan. Here are some of them: Pledge of property by the primary mortgage;Civil and Comprehensive vehicle insurance, where HeavyFinance platform is indicated as the beneficiary