P2P Lending


Asked by Anonymous

Updated 3w ago

If I invest $1,000 on CoAssets campaign which has 5% interest and 6 months tenture date, it means I will get $1,050 after the 6 months? And if campaign failed to secure the needed amount, can I get back the $1,000?

I have been looking at CoAssets but trying to get my head around, default rates etc. Eg. If I have invested $1,000 on its campaign when the interest is 5%, and the tenture date is 6 months, can I assume that I will be getting $1,050 after the tenture date? Also should the campaign fails to secure the needed amount, can I safely presume that I will not be able to get back the 1k that has been invested?


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Ernest Yeam Wee Leong
Ernest Yeam Wee Leong,
Level 4. Prodigy
Updated 3w ago

Based on the scenarios that you mentioned above, i will be able to answer you since i have invested via coassets before and faced the same situations as you.

1) if there is a project which you funded but eventually the project is not fully funded, you will receive a refund for it back into your coassets account. you can decide if you want to withdraw or leave it there for other investment projects.

2) regarding the rates, it will be best to clarify with the coassets staff directly. The project details will indicate specifically the amount you will receive based on what you invested.

Attached is my transaction history in coassets for reference



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Ernest Yeam Wee Leong
Ernest Yeam Wee Leong

24 Apr 2019

Hi Getty, have been well supported by your UEM Wan xuan and Eugene who are always being so attentive and helpful to Investors. Looking forward to more projects ahead!
Getty Goh
Getty Goh

25 Apr 2019

Getty Goh
Getty Goh, Co-Founder & Exec Chairman at Coassets Ltd
Level 3. Wonderkid
Answered on 22 Apr 2019

Hey Anon,

Getty here, I’m the CEO of CoAssets. Great question!!πŸ‘πŸ‘

  1. We will typically add β€œp.a.” Or β€œPer Annum”. If that’s the case, 5% p.a. means that you will get 5% for a 1 year investment. So if the tenure is only 6months and if you invest $1,000, you will get $25 (half of 5%).
  1. If the funding is unsuccessful, you will get 100% refund of investment amount. No fee. No questions asked.

So I hope it helps. πŸ˜…πŸ˜…πŸ˜… Looking forward to more questions from you πŸ’ͺ🏻πŸ’ͺ🏻πŸ’ͺ🏻



HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 8. Wizard
Updated on 19 Apr 2019

The interest given is always annual rate like any financial institution. So using your example , it will be 5% per annum. Means if the loan is 6 months tenure , your 1k will get $1025 after 6 months if loan success and complete all returns.