Minterest Reviews and Comparison - Seedly
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Minterest

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P2P Lending/Minterest
P2P Lending/Minterest

Minterest

4.4
20 reviews
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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 Q2)

    Minterest

    15% on interest earned
    INVESTOR FEES
    $50 per campaign (initial deposit $1,000)
    MINIMUM INVESTMENT
    0.68%
    DEFAULT RATE (2019 Q2)
Reviews (20)

4.4

20 Reviews

  • 5
    11
  • 4
    7
  • 3
    1
  • 2
    0
  • 1
    1

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  • RS
    Rachel Sim
    Level 2. Rookie
    Updated 6d ago

    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 comments
    0
  • RK
    Rajesh Kumar Sharma
    Level 2. Rookie
    Updated 3w ago

    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.
    0 comments
    0
  • Alex Chua
    Alex Chua
    Level 6. Master
    Updated 4w ago

    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 it
    0 comments
    2
  • Nicholas Teoh Wei Ming
    Nicholas Teoh Wei Ming
    Level 2. Rookie
    Posted on 16 Sep 2019
    Minterest 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.
    0 comments
    2
  • Jason Seet
    Jason Seet
    Level 2. Rookie
    Posted on 10 Sep 2019
    Good lending platform run by experienced and people with integrity. While the software interface has some room for improvement, Minterest is always present in communications and quick to respond to member queries. Depositing funds is an easy affair, and they have also set up a face-to-face meeting to ask about areas of improvement. Many local deals and some interesting offshore deals as well. All in all, a great company run by great people in my opinion. I hope it will grow in many years to come while at the same time contribute to the community of SMEs.
    0 comments
    1
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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.