P2P Lending in Slovakia

The Slovak Market for Crowdfunding

According to data from the latest report by Cambridge Centre for Alternative Finance (CCAF) on the global market of alternative finance and crowdfunding, Slovakia had a total funding volume of €20.3 million in 2018, up from €10.2 million in 2017, which corresponds to a growth rate of 99.2%. This places Slovakia’s crowdfunding market as number 26 in Europe and as number 55 in the worldwide crowdfunding statistics. Thus, the crowdfunding market in Slovenia is still very small and has plenty of room to grow. The countries topping the list in Europe are the United Kingdom, the Netherlands, Germany, France, and Italy.

Below, you will find a complete list of all peer-to-peer lending platforms in Slovakia.

Table of Contents

Best Peer-to-Peer Lending Platforms in Slovakia

Here, you will find a list of the top peer-to-peer lending platforms in Slovakia. Under each platform, you will find a brief description of the platform and the type of peer-to-peer lending available for investing on the platform. The list is sorted alphabetically, but to promote platforms contributing to transparency in the market, we have placed the platforms sharing data about their funding volume and other relevant statistics on the top. If you see a platform missing, please feel free to submit the platform by using the submit formula located in the sidebar of this page.

ZLTY Melon

ZLTY Melon facilitates crowdfunding in the area of personal lending to citizens of the Slovak Republic and the Czech Republic at a minimum investment of €25. The platform offers non-purpose loans, multiple-people loans, loans for housing and reconstruction, short-term loans, parking space loans and consumer product loans. ZLTY Melon was founded in 2012 by Roman Feranec and Robert Horvath as a Slovakia company. The office and company is located in Bratislava, the Slovak republic and exclusively offers financing to residents of Slovakia.

Any citizen of a SEPA(Single Euro Payments Area) country that is at least 18 years old can invest on ZLTY Melon.

All residents of the Slovak Republic and Czech Republic can apply for a loan on ZLTY Melon if the following conditions are fulfilled:

  • Permanent residence in either the Slovak Republic or the Czech republic
  • Older than 18 years old and eligible for legal acts
  • Permanent income
  • Meet the minimum criteria of rating and financial ability to pay back the loan

Taxation on Peer-to-Peer Loans in Slovakia

Peer-to-peer investors in the Slovak Republic are taxed on P2P loans in compliance with the Law on Income. Other investors must fulfill their legal tax obligations according to the country in which they have their tax obligation.

To get a more in-depth overview of the Slovak tax system for both companies and individuals, we can recommend this tax summary overview made by PwC.

Keep in mind that this should not be considered tax advice and can be outdated, why you should always contact a tax adviser when handling your taxes.

Regulation on Peer-to-Peer Lending in Slovakia

Slovakia is relatively new when it comes to all crowdfunding models, which means most projects have been hosted on international platforms. Some local platforms started operating in 2015. Currently, there are no regulations that specifically concern neither crowdfunding in general or peer-to-peer lending and many local platforms have experienced difficulties operating, partly because of a difficult policy and legislative environment. The general regulation for crowdfunding in the Slovak Republic falls under two acts: The Securities and Investment Services Act – license and prospectus requirements and The Collective Investment Act – license and sale prospectus requirements.

You can read more about the regulation on crowdfunding in Slovakia in the European Crowdfunding Network Factsheet for Slovakia.

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