Afranga review
Updated October 1, 2026 · SumCue Editorial Team · Facts checked October 1, 2026
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Our verdict
Afranga is a peer-to-peer lending platform, and its SaveSmart product suits beginners who want a fixed target return over a short term, with an account fee of €0 and a minimum investment of €10. The money funds loans rather than sitting in a deposit, so it is outside every deposit guarantee scheme and investor compensation...
Key facts
- Best for
- Beginners who want a fixed-term P2P lending product with a small entry amount.
- Minimum deposit
- €10↗
- Account fee
- €0↗
- Regulators
- Financial Supervision Commission of Bulgaria↗
- Investor protection
- None: not covered by any deposit guarantee scheme or investor compensation scheme↗
- Deposit and withdrawal fees
- Depositing money Free; Withdrawing money Free↗
- Legal entity
- Afranga EOOD↗
- Headquarters
- Bulgaria↗
- Founded
- 2021↗
- Support channels
- Email, Phone, Help-centre↗
- Pricing model
- Low fees
- Audience
- Beginners
- Official website
- afranga.com
Savings
- Headline rate
- 8% to 10%↗
- Rate type
- Fixed↗
- Term
- 3 to 12 months↗
- Deposit protection
- None: not covered by any deposit guarantee scheme or investor compensation scheme↗
- Access terms
- Early withdrawal of up to 30% of the SaveSmart investment, max EUR 5,000, 1% fee↗
- Monthly fee
- €0↗
- Account kind
- Fixed↗
Facts checked October 1, 2026, 3 sources
Apps and profiles
- Elsewhere
- Wikidata
Pros and cons
Pros
- Support runs on email, phone and help centre, so a phone line sits alongside written replies and a help centre.
- The service is aimed at beginners, and the money goes into a single fixed account rather than a mixed pot.
- Afranga runs on a low fees model, which keeps the pricing short instead of tiered.
- The account is run by Afranga EOOD, so the contract has a named company on the other side of it.
Cons
- Protection is thin: deposit protection and investor protection are both absent, so neither a deposit guarantee scheme nor an investor compensation scheme stands behind the balance if Afranga fails.
- Access terms cut both ways, since early withdrawal reaches only part of the investment, capped at a ceiling, with a percentage fee on the amount taken.
- The term runs 3 to 12 months, shorter than a site median term of 36, so the fixed return is tied up for a brief window.
- Entry is lighter elsewhere: XTB takes a minimum deposit of €0 and Bitpanda €1, both under Afranga's €10.
Who it suits
- Beginners placing a first sum somewhere, since the service is aimed at beginners.
- Savers who can commit for a term of 3 to 12 months and want the return set at the start.
- Anyone comfortable holding the balance themselves, with no deposit guarantee scheme or investor compensation scheme behind it.
Who should look elsewhere
- Savers who want the smallest possible start, since XTB takes a minimum deposit of €0.
- Anyone comparing entry cost across platforms, with Bitpanda taking a minimum deposit of €1 and Afranga asking €10.
- Savers who want a guaranteed payout behind the balance: no deposit guarantee scheme or investor compensation scheme covers the money here.
Rates and terms
SaveSmart pays a set rate that starts high and then stops moving. The headline rate is 8% to 10%, and the rate type is fixed, so the return is decided when the account opens and does not follow later changes in market rates. The term is 3 to 12 months, which places Afranga at the short end: the median term across the site is 36. For a saver that is a clear trade. The return is certain and dated, and in exchange the money is committed for the run of the term, which suits a lump sum you can leave alone rather than a sum you may need.
Fees and currency costs
On the SaveSmart account the charges are thin. The account fee is €0, so holding the account costs nothing, and money moves in either direction without charge: Depositing money Free; Withdrawing money Free. On the site that places Afranga at position 1 of 151 brands ranked on account fee. The entry point is €10, a small enough sum for most people to fund from a current account, and it sits well against a site median minimum deposit of €0.88. The one charge that does appear is on early exit, where the access terms allow only part of the investment out, up to a ceiling, with a percentage fee on the amount.
Safety of your money
Afranga is supervised by Financial Supervision Commission of Bulgaria, and the authorisation behind that is Resolution 863/12.09.2023. Supervision and protection are different things, and here only the first applies. Investor protection is absent: the balance is not covered by any investor compensation scheme. Deposit protection is absent in the same way, with no deposit guarantee scheme behind the money. A regulator checks that a firm is properly run and that rules are followed. A guarantee scheme pays money back when a firm cannot. With no scheme in place, the balance rests on Afranga's own solvency, which matters most to anyone holding more than they could bear to lose.
Who runs it
Afranga is a peer-to-peer lending platform run by Afranga EOOD, based in Bulgaria and trading since 2021. Its authorisation is Resolution 863/12.09.2023, issued by the Financial Supervision Commission of Bulgaria. Support runs on email, phone and help centre, so a phone line and written replies sit alongside the help centre. The audience is beginners, and the model is low fees, which explains the shape of the product: one fixed account, a small entry amount and no tiers to work through.
How Afranga compares
8.8 vs 9.4
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8.8 vs 9.4
8.8 vs 9.3XTB takes a minimum deposit of €0, so opening an account there costs nothing while Afranga starts at €10.
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8.8 vs 9.0
8.8 vs 9.0
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Where Afranga is available
- Licence in Bulgaria
- Financial Supervision Commission of Bulgaria (Resolution 863/12.09.2023), checked October 1, 2026
Frequently asked questions
What rate does Afranga pay on SaveSmart?+
The headline rate is 8% to 10% a year, and the rate type is fixed, so the return is set when the account opens rather than following the market. For scale, the median headline rate across the site is 3%. The money goes into a single fixed account.
How long do I have to leave my money in?+
The term is 3 to 12 months, which is short next to a site median term of 36. Because the account kind is fixed and the rate is fixed, both the return and the dates are fixed at the start, which suits people who can treat the sum as set aside.
What does it cost to open and use the account?+
The account fee is €0, and money moves in either direction without charge: Depositing money Free; Withdrawing money Free. On the site that places Afranga at position 1 of 151 brands ranked on account fee. The cost that does exist comes from leaving the term early.
How much do I need to deposit?+
The minimum deposit is €10, which puts Afranga at position 112 of 195 brands on that measure. Bitpanda takes a minimum deposit of €1 and XTB takes €0, so entry is cheaper elsewhere even though Afranga's floor stays modest.
Can I withdraw money before the term ends?+
Partly, and at a price. The access terms allow early withdrawal of a capped share of the SaveSmart investment, with a percentage fee charged on the amount taken out. Anyone who might need the full balance on short notice should read those terms before opening the account.
Is my money protected if Afranga fails?+
No. Deposit protection is absent, so the money is not covered by any deposit guarantee scheme, and investor protection is absent as well, with no investor compensation scheme behind the balance. Afranga is supervised by Financial Supervision Commission of Bulgaria, but supervision checks that the firm is properly run rather than paying savers back.
Who regulates Afranga?+
Afranga is regulated by Financial Supervision Commission of Bulgaria and the authorisation behind it is Resolution 863/12.09.2023. The firm running the account is Afranga EOOD, based in Bulgaria and trading since 2021. A licence gives you a supervisor to complain to, not a payout if the balance is at risk.
How do I get help?+
Support runs on email, phone and help centre, so you can call, write, or use the help centre when a fixed term needs explaining. The service is aimed at beginners and runs a low fees model, which keeps the pricing simple rather than tiered.
Sources
- afranga.com checked October 1, 2026
Backs: Audience, Deposit protection, Founded, Headquarters, Investor protection, Minimum deposit, Pricing model
“Investor Guide Beginner-friendly P2P articles”
- afranga.com/price-list checked October 1, 2026
Backs: Account fee, Deposit and withdrawal fees, Legal entity, Monthly fee, Regulators, Support channels, Licences
“Account service Free”
- afranga.com/savesmart checked October 1, 2026
Backs: Access terms, Account kind, Headline rate, Rate type, Term
“You can withdraw up to 30% of your SaveSmart investment at any time, up to a maximum of EUR 5,000 ... A 1% fee applies to all early withdrawals.”
Compiled from 3 source pages, checked October 1, 2026. We did not open an account.
Not confirmed yet: Stock trade fee, Inactivity fee, Markets, Retail accounts that lose money.