Is there any regulation for p2p lending and protection for investors? - Seedly

P2P Lending

Investments

Asked by Anonymous

Asked on 27 Feb 2019

Is there any regulation for p2p lending and protection for investors?

0

Answers (1)

Sort By

Most Upvote

  • Most Upvote
  • Most Recent

In short they are regulated by MAS, you can check each P2P company website for more information. Here's an example of Funding Societies R&R: https://fundingsocieties.com/risk-disclosure

Your funds are stored in Escrow accounts (not related to the p2p company), so in the event of the P2P company goes bankrupt, your $ is still there. eg: https://blog.fundingsocieties.com/investments/what-is-an-escrow/

As it is also consder as high risk investment, do read about some questions and answer here on the loan default situations: https://seedly.sg/questions/what-happens-when-a-p2p-borrower-defaults-payment-goes-bankrupt-asking-from-a-p2p-lending-investor-pov

More Q&A here: https://help.fundingsocieties.com/?utm_source=mainsitesg&utm_medium=footer

Seedly sharing about p2p: https://blog.seedly.sg/p2p-comparison/

Existing independent Customer review of each company: https://seedly.sg/reviews/p2p-lending

https://blog.seedly.sg/p2p-lending-review-takeaways-after-6-months/

and the latest review (still consolidating) here: https://seedly.sg/questions/share-your-p2p-lending-platform-funding-societies-coassets-moolahsense-capital-match-minterest-seedin-returns-and-performance-so-far

0 comments

0