We’re pleased to welcome Lev Credit as the newest loan originator on Afranga.
Lev Credit is a licensed Bulgarian non-bank financial institution (BNB No. BGR00421) providing payday and installment loans up to €2,500, and secured consumer and business loans up to €50,000.
Who is Lev Credit
Lev Credit operates through eight branches and a nationwide digital network.
The company combines fast credit decisions with disciplined lending standards. Loan approvals take under 30 minutes, and secured loans are funded within three working days.
As of 30 September 2025, Lev Credit serves over 1,500 active borrowers and has issued more than 9,300 loans, with a total principal exceeding BGN 8.4 million. About 47% of the portfolio consists of first-lien real estate loans with an initial loan-to-value (LTV) of 50% or less.
Each secured loan is backed by independently appraised property, and enforcement begins only when total obligations reach around 85% of the property’s value.
This structure, supported by in-house collections and legal oversight, has helped Lev Credit maintain no losses on its secured portfolio to date.
Lev Credit plans to expand into Romania with a fully digital micro-lending product of up to RON 20,000, extending its model of efficient and responsible lending to a new market.
At a glance
- Licensed NBFI since 2019 (BNB No. BGR00421)
- 8 branches + nationwide digital origination
- Credit decisions in < 30 minutes
- Funding for secured loans ≤ 3 days
- First-lien real estate collateral
- Initial LTV ≤ 50 %
- 0 % impairment on secured portfolio to date
Why this matters for investors
With Lev Credit, Afranga investors gain access to a new opportunity to diversify their portfolio, combining strong collateral coverage with a proven operational model.
All projects listed will fund only Lev Credit’s secured loan portfolio, ensuring investor capital is directed to assets backed by real property.
To mark the launch, Afranga is offering a 1% cashback on all investments in Lev Credit loans made within the first week of listing (20th -27th October 2025).
The cashback will be credited automatically after the campaign period ends. It’s an opportunity for investors to earn extra returns while exploring this new originator.