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Minterest
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Claimed
This product is managed by Minterest.
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Minterest
15% on interest earned
INVESTOR FEES
$50 per campaign (initial deposit $1,000)
MINIMUM INVESTMENT
0.68%
DEFAULT RATE (2019)
Minterest
15% on interest earned
INVESTOR FEES
$50 per campaign (initial deposit $1,000)
MINIMUM INVESTMENT
0.68%
DEFAULT RATE (2019)
4.2
21 Reviews
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Most Recent
- Updated on 31 Oct 2020
Purchased
Minterest
Lost over 12k with Minterest. There is currently a defaulted deal that I have invested in that has not been updated since March 2020. Lack of updates notwithstanding, their dashboard remains one of the worst I have ever encountered. Despite members providing feedback, it remains convoluted and it is hard to navigate to problematic deals whose funds are facing non recovery. One needs to click in to 3-4 different levels of menus just to find a list of updates on deals. Despite being acquired by ARA Group, they have neglected to invest in their technology, which says a lot about their professionalism.0
Post - Updated on 10 Jul 2020
Purchased
Minterest
As a young investor, I wanted to see how I can use my small amount of capital to invest and make my money work harder. I sought out platforms as they would allow investments to be done in small amounts. I checked out a few and found Minterest to be what I am looking for. Minterest has different types of investment products and this would allow me to diversify my investment portfolio even though it is only a small one. Their real estate deals resonated with me especially given the current economic situations and their SME and invoice financing deals allow for diversification. I found signing up and making investments to be easy. Navigating the platform is a breeze. Would recommend to anyone given the diversity of deals.0
Post - Updated on 30 Jun 2020
Purchased
Minterest
Minterest is not a great platform as advertised. They do not help with recovery of debt and their ratings do not mean anything. I lost more than $6500 on their platform and they do not want to do any recovery. This was more than half of my hard earned investment. I tried talking to them on several occasions but no help was provided. In fact, the person Jeniffer is a chatbot, not a real person and they are not transparent about it. Overall, I am dissatisfied and hoping to get my money back. Edit: After I posted the review, I received a call from the relationship manager with the same message that they can't do anything about it. On top of it, he had the audacity to ask me to take the review down. I strongly recommend not investing with minterest. It seems like they don't do proper background check and are not concerned about investors. If there's any other update, I will post it.2
Liv Helena Yeo07 Oct 2020
Oh dear, sorry to hear about such terrible experience. Thanks for sharing to educate me more regarding about such "follow-up" actions taken by their RM.Spking Lee19 Oct 2020
I'm sorry to heard about this unpleasant experience. I have been investing with Funding Societies for almost 2 years. I do see a return of 5-10% annual performance depends on how many portfolios you have invested. You can invest manually or Auto Invest Bots in the setting, you can get started by investing a small amount of $50-$100 At the moment I have lost $420 non-recovery funds in 2 years and I know any type of investment have some risk. FS has a better process in place for lawsuits for dispute a case on behalf of the investors and lenders to recovery the funds. Below is a referral link if you're considering to invest with FS. https://fundingsocieties.com/sign-up-investor?referral=jutemsy2Post - Updated on 23 Jun 2020
Purchased
Minterest
[Updated on 23 June 2020] Good lending platform with experienced ex-bankers. They boost their service among investors with effective communications using telegrams. They drop their minimum investment per funds from $500 to $100 to $50 to meet the needs of small investors to diversify their risks. With their new personal loan service, Qiannow, Minterest will have the most diversified p2p platform. They have loans range from capital-guaranteed loans to riskier loans of higher interest. Recently, they partnered with ARA and introduced Premium Property Investment. This investment which is previously meant for private investor are now introduced to us. I'm glad to see more quality loans coming out of Minterest. Sadly, I do not have a high enough capital to be vested in it0
Post - Posted on 16 Sep 2019Minterest is the third crowdfunding platform I have signed on to and they have been very proactive in responding to investor queries whether through WhatsApp, Telegram or email. The team running Minterest has created multiple channels for feedback and promptly answers any questions especially from retail investors who might not be as familiar with fintech as institutional investors. They have taken these feedback on board and implemented them on their platform whether it is lowering the minimum investment amount or improving the display on their website. One future improvement to make could be to come up with a mobile app which makes it even more convenient for investors.
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About Minterest
Minterest is started in the year 2017 by former bankers Charis Liau and Ronnie Chia.
Types of loans by Minterest
Minterest gives out loans in the form of Business Term Loan and Invoice Financing.
Risk Management for Minterest
Minterest has its proprietary credit assessment model that reflects both quantitative and qualitative factors taking into account business and financial risks of each borrower and their respective financing requirements.
Funds for Minterest are handled by an escrow agency, Vistra.
Minimum investment and fees for Minterest
Transfer a minimum of $1,000 to the Minterest-identified escrow account to commence your investment journey. Typical minimum investment amount is $50 but may be higher or lower in certain situations. Additional investments can be made in multiples of $10, $50 or $100 depending on the conditions set by the Funding Request.