Minterest Reviews and Comparison - Seedly
Reviews (7)
4.9
Reviews (7)
4.9
  • 5
    6
  • 4
    1
  • 3
    0
  • 2
    0
  • 1
    0

Most Helpful

  • Most Helpful
  • Most Recent
  • Low to High
  • High to Low
  • Updated on 09 Apr 2018
    I have invested in 9 loan deals thus far in the past 11 months, of which, 6 has been fully repaid and 3 pending repayments. I have not experienced a default but 1 loan deal experienced a slight delay on repayment (but has since been fully settled with further late interest payments) while another is still pending a late repayment. Minterest team follows up closely with late repayments and update investors as soon as there are new developments. The team is also relatively accessible and responds very quickly. Overall, I am very happy with investing on Minterest's platform and will continue to use them. Pros Due diligence is carried out by a team of ex bankers that apply their combined experience in banking. That gives me comfort as opposed to some young entrepreneurs starting a pipe dream in P2P lending. Minterest core team is made up of people with integrity. Do try to get to know them and speak to them as they are the key people approving and listing the loan deals. User interface makes it easy to browse loan deals and invest. No fees for investors and attractive interest yields (12-24%) for investors. No hidden fees Cons Parts of the platform may need initial explanation by Minterest team. The user platform can also be a little confusing with regards to showing schedule of payments as well as total current investments. Good thing is the team is on hand to field any queries fast! Good deals (safe deals IMHO) get snapped out rather quickly. What to watch out for: Despite the credit ratings given by the Minterest team, I suggests fellow investors to do their own due diligence on the companies taking out loans with Minterest, at the very least, understand the business model and the macro business environment they operate in. Also, do take note of the difference between a one time repayment vs monthly repayments for the loans as there is a difference in the rate of returns. This is a new world of loans and you can very well lose all your investment if the SME you loan to defaults. The onus is on the investor to take responsibility for each investment that you invest in. With regards to Minterest’s platform risk, I feel that the risk of Minterest winding down is low as Minterest is a well capitalized P2P company Do not just focus on the yields, focus on the downside risks (basically the credit risks of the particular SME taking the loan).
    0 comments
    2
  • Posted on 30 Jun 2019
    I've recently joined Minterest as an investor but have not had the chance to invest yet due to their deals getting taken fast. Based on my experience so far, they have a really friendly UI for their website with tutorial videos explaining on how to use their features. I also really like how they regularly keep us updated on their telegram group chat which makes it more convenient for investors like us. Overall, it’s definitely a good platform for new investors who are looking to get into P2P lending. Let’s hope I’ll be fast enough to get more deals in the future!
    0 comments
    0
  • Posted on 27 Jun 2019
    I've just signed up as an investor recently but have yet to invest as the deals are always taken up too fast. The thing that I like most about Minterest is that they have a Telegram group where they give constant updates to investors, for e.g. whenever there’s a new deal launch and investors could also ask queries in the group chat.
    0 comments
    0
  • Posted on 26 Jun 2019
    I've just came onboard Minterest as an investor recently in April and I have invested in 3 or 4 loan deals so far. I would say it is a good platform for alternative investments for university students that has spare cash and some liquidity. They have a very detailed loan deal fact sheet which I find it very useful for investors. I learnt that the Minterest Team spends a lot of effort in their due dilligence and assessment before launching a loan deal. I haven't had any deals that has defaulted yet. Furthermore, they have a telegram group that disseminates the information about the loans. After investing in Minterest, I would say it gives a pretty decent return despite the risk involved. Will recommend people looking for alternative investments!
    0 comments
    0
  • Started my first p2p lending on Minterest and so far so good. Invested more than 20 deals, at least once/twice a month and really loved how detailed they are in analysing every deals, e.g financial analysis of the company, SWOT, cash flow analysis etc. Probably one of the best out there if you want to know what exactly are you investing in. Easy to use web mobile friendly interface but would be better if there is an app. Looking forward to more investment and new options!
    0 comments
    0
  • Updated on 07 Aug 2018
    I've been an investor for slightly over 4 months now and has tried to participate in their deals (but mostly failed due to the speed that the deals are taken up). However, I'm comforted by the fact that so many investors trust the due diligence done by the Minterest team which is not surprising from their years of experience. Something that I like about Minterest a lot is that they have a telegram group in which they keep constant updates to their investors and answers queries quickly. They also inform us through email and the telegram group when there's a launch happening so we can keep a lookout for them. However, at times new deals are fairly slow in launching so it might get a little frustrating and the onboarding process is a little confusing at times. But overall, I think it's a good P2P platform to place your money!
    0 comments
    0
  • Updated on 27 Jul 2018
    Firstly, as an investor, i am deeply comforted by the fact that the Minterest team is run by 3 very experienced ex bankers. Due diligence is very in depth for instance, i am surprised by the details and analysis provided in the loan request fact sheet, It gives me the necessary information to assess the borrower. The other platforms that i have used are not as detailed. Secondly, Minterest has a telegram group created for investors, to address all their queries. They are also very efficient in their replies. This always gives me comfort as an investor on their platform. Lastly, interest rates are very fair and there are no hidden costs. Since the team is made up of ex bankers, interest rates (risk & return policy) are reasonable and well calculated based on each borrower. As an investor, based on the previous deals on Minterest, i am already confident and comfortable with the interest rates given to me. Trust me, i have used many platforms and Minterest is the best. Cheers!
    0 comments
    0
Questions (2)

Recent Activity

  • Recent Activity
  • Unanswered
  • Trending

SeedlyTV EP07

Investments

P2P Lending

Minterest

CoAssets

Capital Match

Funding Societies

Alex Chua Cheng En
Alex Chua Cheng En, Pcme at Anderson Junior College
Level 3. Wonderkid
Updated on 20 Jul 2019
Here are my 2-cents thoughts. As much as p2p is a tech driven fintech, it is still a service industry nevertheless. To me, whatever technology features such as auto-invest will soon be commonly used by the platforms. Without them, they will lose an edge. So you could start by asking yourself what would you like to have as an investor or a borrower. For a borrower, would be probably necessary financial advice so that they will get sufficient funds. Etc. For an investor, you want as lower risk loan as possible. Is there a sufficient supply of loans? Which platform provides a better investing experience? the extensiveness of platform providing the loans. How receptive are the platform to feedback and their responsiveness in changes? Having a good customer base, along with a good support team could improve your rewards and user experience. Furthermore, having 0% default rate is ideal. However, is your funds put into desirable rewards investment? This also questions the response of the platform in a situation of defaults. In choosing the platform, ask yourself what gives you a better piece of mind. Is it within your risk-reward? Which loan product do you prefer? (there is some difference in loans offered among the platform) what is your ability? (your fund size and risk tolerance ). You should also filter the reviews and forums of the platform. Remember this is a service industry. In my opinion, a good service, or user experience should be the main factors in choosing the platform. A good service attracts more borrowers and in turn attracts more investors. A good service is what drives the platform to innovate and constant improve themselves. Do your due diligence. Feel free to Facebook msg me if you have any queries.

P2P Lending

Funding Societies

CoAssets

MoolahSense

Capital Match

Minterest

SeedIn

Cassandra Tho
Cassandra Tho
Level 5. Genius
Updated on 18 Apr 2019
I'm Cassandra, the community specialist from CoAssets. Allow me to give you the objective view of my findings. All calculations except for Capital Match are according to MAS's standards. Rate of returns per annum in 2018, ranked according to weighted average returns) 1. Minterest: 3.5-24% (Weighted ave: 12.95%) 2. CoAssets: 9-10% (Weighted Ave: 9.91%) 3. Moolahsense 5.90%-16.82% (Weighted Ave: 9.9%) 4. Funding Societies: 6.51-17.79% (Weighted Ave: 9.32%) 5. SeedIn: 7-20% (Weighted Ave: 8.33%) 6. Capital Match: 15-20% APR (Weighted Ave: unknown) Default rates (measured as non-performing loan rate beyond 30days) in 2018, ranked in descending order 1. Moolahsense: 14.82% 2. Minterest: 0.59% 3. Funding Societies: 0.47% 4. SeedIn: 0.32% 5. Capital Match: 0.20% 6. CoAssets: 0.00% Note that stats are according to internal standards and not MAS's criteria. Even after 90 days, Capital Match does not classify it as a default, unless the company is in the windup, has undergoing lawsuits, or the director(s) declare bankruptcy. Furthermore, Capital Match does not have an updated statistic based on 2018; thus this internally calculated rate is for 2017. In summary, the services these platforms provide are similar. All these platforms provide opportunities for retail investors to invest in a variety of projects. The difference is that CoAssets is the only listed online funding platform which means that they're obliged to give transparent performance updates twice a year. Their rate of returns, default rates and profits are under the scrutiny of the Australian exchange and the public, bare for all to see. As for the rest, the data provided above was based on the information provided on their website. Another factor to consider is hidden costs like service fees or surcharges within the rate of returns. For CoAssets specifically, the investors get the full interest back. For others, for example, the interest rate may be 20% but they may charge a 1% service fee resulting in an actual return of 19% only. I'm open to discussing any of the mentioned points should someone else's findings be different. I hope this helps. References: MAS guidelines: http://www.mas.gov.sg//media/MAS/Regulations%20and%20Financial%20Stability/Regulations%20Guidance%20and%20Licensing/Securities%20Futures%20and%20Fund%20Management/Regulations%20Guidance%20and%20Licensing/Circulars/CMI%2027%202018%20Controls%20and%20Disclosures%20to%20be%20Implemented%20by%20Licensed%20Securities%20Based%20Crowdfunding%20Operators.pdf Moolahsense: https://www.moolahsense.com/statistics/ Minterest: https://www.minterest.sg/statistics Funding Societies:https://fundingsocieties.com/progress/singapore SeedIn: https://sg.seedin.tech/statistics CoAssets: https://coassets.com/asx/about/ Capital Match: https://lending.capital-match.com/statistics.html
About Minterest
OperationsAll funds transfer will be managed by the escrow agent
MethodologyBusiness term loan and Invoice financing
Fees8%-18% on fund raised
MinimumS$1,000 per campaign
Default Rate0.68%

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 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

The minimum investment for Minterest is at S$1,000. Minimum investment for each campaign is at S$500.