What is a secondary market?

The Secondary Market lets you sell an active investment to another Afranga investor before the loan reaches maturity, instead of holding it until the Borrower repays. It gives you a way to free up funds early or rebalance your portfolio.

Which investments you can list

You can list any active investment you hold from the Primary Market, including investments you bought on the Secondary Market. SaveSmart investments cannot be listed – SaveSmart has its own early withdrawal option instead.

The minimum you can list is €100. If your remaining position is below €100 you can still sell it, but only in full.

The price is yours to set

You set the price yourself, as a discount or a premium against your outstanding principal, up to 15% either way. Selling at a discount can help a listing sell faster; a premium may suit a loan that other investors want.

Afranga charges no fee to sell or to buy on the Secondary Market.

A sale is not guaranteed

Whether a listing sells, and how quickly, depends on demand from other investors. A listing may sell in part, may take time, or may not sell at all. You can reprice or cancel it at any point before it sells. Once it is purchased, the sale is final.

How a sale is documented

A sale on the Secondary Market is an assignment (cession) of your claim under the loan, made under Articles 99–100 of the Bulgarian Obligations and Contracts Act and Section 8 of the General Terms and Conditions. Each completed sale generates an Assignment Agreement, which Afranga produces automatically and stores in the profiles of both the seller and the buyer, alongside the original Loan Agreement. There is no separate document for you to sign at the point of sale.

The buyer acquires the outstanding principal only. Interest accrued up to the sale date remains yours.

As with all investments, your capital is at risk. If you have questions, contact us at support@afranga.com.