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Funding Societies P2P Lending

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  • Reviews (408)
  • Questions (0)
  • More Details
P2P Lending/Funding Societies P2P Lending
P2P Lending/Funding Societies P2P Lending
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This product is managed by Funding Societies.

USER RATINGS

User Experience

4.4

Portfolio Transparency

4.1

Customer Support

4.3

Quantity of Deals

3.7

Quality of Deals

3.8

Funding Societies P2P Lending

18% on interest earned

INVESTOR FEES

$20 per campaign ($100 initial deposit)

MINIMUM INVESTMENT

1.89%

DEFAULT RATE (2019)

[EXCLUSIVE] S$20 cashback for new users with promo code "SEEDLY20". View promotion under "More Details".

Funding Societies P2P Lending

18% on interest earned

INVESTOR FEES

$20 per campaign ($100 initial deposit)

MINIMUM INVESTMENT

1.89%

DEFAULT RATE (2019)

[EXCLUSIVE] S$20 cashback for new users with promo code "SEEDLY20". View promotion under "More Details".

Reviews (408)

4.1

408 Reviews

  • 5
    186
  • 4
    157
  • 3
    23
  • 2
    11
  • 1
    31

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    pinned

    Pinned by Funding Societies

      Updated on 28 Oct 2020

      Purchased

      Funding Societies P2P Lending

      [Customer Support] [User Friendliness] Funding Societies (FS) has been very simple to use on its UI and is a great way to have another investment channel in my life. The Customer Support has been very responsive and reliable. For instance, I recently got mixed up with another very similar loan deal and made a mistake and invested in this loan deal that I did not intend to, and received very responsive help through its Chat function. Unlike other organisations that provide "robotic" replies, I believe its Chat function is an actual customer service support person assisting you with your query. I approached the Chat function immediately when I realised my mistake (couple of minutes after confirming the investment) and they were very understanding and helped to reset the investment submission. Eventually, I was able to submit investment to the correct deal I intended to. I'm really glad to have found Funding Societies, and amidst this "testing" months I have tried, it has been very smooth so far and I plan to load up cash next year and power up my account. Also, not to forget it has very fast and hassle free Deposit and Withdrawal processes!

      0

      Post

      Updated 1d ago

      Purchased

      Funding Societies P2P Lending

      App looks pretty simple to use and very intuitive. What was not clear was on how to use the Bots to help auto invest as when you set it up wrongly, you might miss out on opportunities. Overall, it has been a pretty good experience so far and I do recommend it to others who are new to this concept of P2P lending

      0

      Post

      Updated 2d ago

      Purchased

      Funding Societies P2P Lending

      Application process is easy and seamless. Good customer support team as my application is approved within a day. :) It's easy to deposit with FAST bank transfer service. Overall I had a good experience using funding societies.

      0

      Post

      Updated 6d ago

      Purchased

      Funding Societies P2P Lending

      The application process is simple and easy. I extremely enjoyed the idea of having fast for banking transfer. The auto not features excite me and allow me to invest at ease with segregating the property back portfolios vs non..

      0

      Post

      Updated 6d ago

      Purchased

      Funding Societies P2P Lending

      Early user of FS and got hit by the spate of defaults across the past 2 years which is a function of this being a more risky asset class. Net returns have been negative. Quantity of deals can be more and returns calculator needs to be more transparent to take into account default.

      0

      Post

    Questions (0)
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