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Minterest P2P Lending

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P2P Lending/Minterest P2P Lending
P2P Lending/Minterest P2P Lending
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This product is managed by Minterest.

USER RATINGS

User Experience

4.7

Portfolio Transparency

4.6

Customer Support

4.5

Quantity of Deals

4.4

Quality of Deals

4.4

Minterest P2P Lending

15% on interest earned

INVESTOR FEES

$50 per campaign (initial deposit $500)

MINIMUM INVESTMENT

1.60%

DEFAULT RATE (2020)

Minterest P2P Lending

15% on interest earned

INVESTOR FEES

$50 per campaign (initial deposit $500)

MINIMUM INVESTMENT

1.60%

DEFAULT RATE (2020)

Details

Product Page Transparency

  • Claimed in November 2020

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 (60)

4.5

60 Reviews

  • 5
    42
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    Most HelpfulMost RecentLow to HighHigh to Low
      29 Jun 2021

      Purchased

      Minterest P2P Lending

      The minimum amount is slightly higher. default rate is relatively lower than other lending platforms.

      0

      What are your thoughts?

      Reply

      01 Jun 2021

      Purchased

      Minterest P2P Lending

      [Debt Recovery] Some P2P loans have been default for many months, No actions until now. Think my money gone already. Almost 7k lost. Better don't trust these kind of platforms anymore. They don't publish the real default statistics at all. I joined in 2019 and there are so many P2P loans are being default, and they advertised as 1 to 2 % default rate. I only invested about 37k in total and lost 7k. Supposingly earnings from those P2P investment interest rates is about 3k over these 2 year period.. What do you think?

      3

      1 more comments

      Hi, please update what's status for Havenport Fixed Maturity Fund 7? Seems like my hard earned money is flying away into Minterest's pocket.

      Dear Kelvin,

      We understand our investors' concerns over the recovery process of the property. At each stage of the recovery process, we have sent out updates to inform our investors of what is being done to recover their investment.

      There was an update in July, which you may have missed. You may email to us [email protected] with your query and we will provide you with the latest updates from the fund manager. Due to our privacy policy to protect our client's personal information, we are unable to share more detail of your investments on this public space.

      Minterest only charges a fee on the returns of the interest earned on your investments. You may read up on our policy here:
      https://minterest.zendesk.com/hc/en-us/articles...

      Thank you,
      Minterest.

      What are your thoughts?

      Reply

      29 Apr 2021

      Purchased

      Minterest P2P Lending

      As a mother of 2, money is never enough so I have to look for other ways to grow my money. I'm generally a conservative investor so am really happy to know of Minterest that allows me to diversify my portfolio with real estate and corporate investments. I was able to start investing with just $50. Definitely appeals to this conservative investor here! The platform makes it easy to browse deals, top up my wallet and invest in the go. Plus, the Autoinvest feature allows me to allocate my funds easily. Highly recommend 👍🏻

      0

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      20 Apr 2021

      Purchased

      Minterest P2P Lending

      [Portfolio Diversification] We are moving forward to a digital world and this is just about right. Minterest allows investors like me to diversify our portfolio with high quality cooperate investments. The e-wallet top up process is so quick! Plus, auto-invest feature helps me to allocate my fund easily on the go.

      0

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      09 Apr 2021

      Purchased

      Minterest P2P Lending

      I have never thought that I can start doing investment with just $50. So glad to chance upon Minterest, which allows beginners to try and start investing! I like how the platform is so easy to navigate and I can browse the deals when I am on the go. Fuss free and convenient that I can also top up my wallet as and when easily. This is definitely recommended for all beginners who want to try investing.

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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.

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.

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