Uninvested funds

The deposit guarantee means that you receive compensation from the state up to SEK 1,050,000 if the one with whom you keep your money goes bankrupt (insolvency). SaveLend provides investors with a payment account for deposits of funds to be invested on the platform. SaveLend's accounts are with Handelsbanken, and it is Handelsbanken and not SaveLend, which is covered by the government deposit guarantee. This means that your uninvested funds in SaveLend's payment account are protected up to SEK 1,050,000 in case Handelsbanken ends up insolvent.

NOTE, that the deposit guarantee applies per customer and bank. This means that if you are also a customer of Handelsbanken and have money in an account with Handelsbanken, your uninvested funds at SaveLend will be added together with your assets at Handelsbanken if the deposit guarantee is updated (and the total amount covered by the guarantee amounts to a maximum of SEK 1,050,000).

In case SaveLend ends up insolvent, the deposit guarantee does not apply, on the other hand, SaveLend's operations are subject to a statutory requirement to always keep received funds separate from its own funds, which means that the so-called right of separation always exists. This means that your uninvested funds are always protected and that you have the right to withdraw them in case SaveLend becomes insolvent. No maximum amount limit applies to such a right of separation.

Invested funds

If you have money invested on the platform, you have a direct contractual claim against the borrowers. This means that it is the borrowers, and not SaveLend, who are obliged to repay the money to you. That obligation is not affected if SaveLend ends up insolvent and you therefore have the right to continue to be paid by the borrowers, just as usual. In such a situation, SaveLend will entrust the continued management of the platform to another party, which ensures that the borrowers' payments can continue as usual to the investors.

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