Minterest P2P Lending Reviews and Comparison - Seedly
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Minterest P2P Lending

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  • Reviews (23)
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P2P Lending/Minterest P2P Lending
P2P Lending/Minterest P2P Lending
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This product is managed by Minterest.

Minterest P2P Lending

15% on interest earned

INVESTOR FEES

$50 per campaign (initial deposit $1,000)

MINIMUM INVESTMENT

0.68%

DEFAULT RATE (2019)

Minterest P2P Lending

15% on interest earned

INVESTOR FEES

$50 per campaign (initial deposit $1,000)

MINIMUM INVESTMENT

0.68%

DEFAULT RATE (2019)

Details

Minterest Review 2021

Minterest is a leading digital investments platform which empowers investors and businesses. About 88% of deals on the platform are funded in a day, and it is backed by ARA Asset Management, a leading Asia Pacific real estate fund manager.

The platform also offers institutional grade real estate products which will allow retail investors to participate in the financing of real estate development projects, which would otherwise be inaccessible.

Read More about Minterest P2P Lending
Reviews (23)

4.0

23 Reviews

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    11
  • 4
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    Most HelpfulMost RecentLow to HighHigh to Low
      Updated 1d ago

      Purchased

      Minterest P2P Lending

      [Lending Experience] Stared around Sep 2019 with 1000. Now (Jan 2021) $1,022.90 Total projects: 18. Default: 1 Hopefully, all my Total Loan Principal Outstanding will be back.

      0

      Post
      Updated on 06 Dec 2020

      Purchased

      Minterest P2P Lending

      So-called "AA Grade" invoice financing repayment is late for two weeks. I would be fine if they gave an update on the status a couple of days after the repayment due date, but instead, they're ignoring my messages and emails. Well, now you know that they're not a trustworthy company - can't even do the minimum, which is to communicate properly. Do better, guys.

      2

      Minterest

      Minterest

      profile

      3w ago

      Hi KT, we apologise for your unpleasant experience. We would like to assure you that our member’s experience is of utmost importance to us. While we note that our response was within 1 business day, we should always strive to undertake a more proactive stance when it comes to matters like this. We would like to assure you that our members’ trust in us is our top priority and the team is doing everything we can to ensure timely repayments of all our deals. Please be assured that we take your feedback seriously and will work on improving your investment experience. Thank you for your patience on this.

      Rajesh Kumar Sharma

      3w ago

      Hey KT, thanks for posting. This is the typical Minterest for you. No commitment, no action, just hollow meaningless assurances.
      Post
      Updated on 31 Oct 2020

      Purchased

      Minterest P2P Lending

      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.

      2

      Minterest

      Minterest

      profile

      3w ago

      Hi ZX, we are extremely sorry to hear about your experience with us so far. We would like to assure you that we take matters like these very seriously. We seek your understanding that we are doing the best we can to resolve this, and the team will ensure that updates are provided expediently. We take your feedback seriously and will always strive to improve our member’s experience. In the meantime, we seek your patience as we do our best to resolve this. A member of our team will get in touch with you personally to work with you. We also appreciate you for taking the time to share your feedback with us in relation to our platform - where we aim to optimise the user experience for each and every member. We are always looking for ways to improve our user experience for a smoother journey and hope to be able to serve you better in the future.

      Rajesh Kumar Sharma

      3w ago

      Hi ZX, Thanks for posting, it will help other investors stay away from Minterest. Minterest, You have been befooling investors and who knows you might even be cheating investors, knowing their limitations. Please STOP the IGNORANCE. Hope you can improve and solve grievances asap.
      Post
      Updated on 10 Jul 2020

      Purchased

      Minterest P2P Lending

      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 P2P Lending

      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.

      4

      2 more comments

      Minterest

      Minterest

      profile

      3w ago

      Hi Rajesh, we are very sorry to hear about your losses. We would like to assure you that we take matters like this very seriously. As an investor in each deal ourselves, and in such unfortunate circumstances, the team will do all that it can to ensure investor’s interests take priority. We have investigated into this issue and while the team has provided timely updates to you on several occasions via message and emails, we regret that the experience wasn’t the most pleasant. Our members’ trust in us is our top priority, which is why our relationship manager followed up with a call immediately to help address your concerns personally. We apologise if this did not provide a pleasant experience for you and would like to assure that we have no intention of removing your feedback. We appreciate feedback as a means for us to improve each and every investor’s experience.

      Rajesh Kumar Sharma

      3w ago

      Hi Minterest, Now that you are losing customers because of your negligence and incompetence, you finally found the time to even respond to this review. Your consistent bad behavior and non-recovery of debt has caused a lot of trouble to investors. If you are really helpful and good, please get back my $6.5k+, so that I can understand the meaning of your words above. Otherwise, they are just junk. I had trusted co-founder Ronnie's words, where he projected Minterest as a no-default company with thorough due diligence, otherwise I'd have never invested a big amount with Minterest. Please try to stick to what you promise. If you can even get my principal back (forget about the interest), I'd come back and write an honest review about that too.
      Post
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      About Minterest

      Minterest was started in 2017 by former bankers Charis Liau (18 years of baking and financial experience in Asian markets) and Ronnie Chia (28 years of experience specialising in corporate and structured finance).

      Over S$160 million has been raised on the platform since its inception.

      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 S$1,000 to the Minterest-identified escrow account to commence your investment journey. The typical minimum investment amount is S$50 but may be higher or lower in certain situations. Additional investments can be made in multiples of S$10, S$50 or S$100 depending on the conditions set by the Funding Request.