Yes, within limits. You can request an early withdrawal of part of your SaveSmart principal before the term ends. It is a flexibility option subject to available funds, not a guaranteed right to exit early.
How much you can request
- Up to 30% of the total you have invested in SaveSmart over the last 12 months.
- If 30% comes to less than €100, you can still request up to €100, as long as you have at least €100 invested.
- A ceiling of €5,000 per investor applies across any rolling 365-day period.
- Minimum withdrawal: €10.
- Anything you have already withdrawn in the last 12 months counts against both the 30% and the €5,000 ceiling.
What it costs
A 1% fee applies to the principal you withdraw, on every withdrawal. You keep all the interest you have earned up to the withdrawal date, with nothing taken back.
How it is processed
Requests are reviewed and approved manually and are paid subject to available funds, so processing is not instant. Once a withdrawal is approved, your repayment schedule is recalculated and an Annex to your Loan Agreement records the change. The rest of your investment continues to the end of the term.
For the steps, see “How do I withdraw early from SaveSmart?”. As with all investments, your capital is at risk and SaveSmart is not a bank deposit. Questions? support@afranga.com.