facebookMinterest P2P Lending Reviews and Comparison - Seedly

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P2P Lending/Minterest P2P Lending
P2P Lending/Minterest P2P Lending
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  • 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.

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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)

Reviews (61)

4.5

61 Reviews

5
42
4
13
3
2
2
0
1
4

Service Rating

User Experience

4.6

Portfolio Transparency

4.6

Customer Support

4.5

Quantity of Deals

4.3

Quality of Deals

4.4
      Posted 08 May 2022

      Purchased

      Minterest P2P Lending

      - I am a buy and hold, long term retail investor - Viewing my holdings in a single location is important to me. - I have read through some of the previous reviews consolidated and added some of my own experiences to it. - I have been a customer of Minterest since 2019. I am glad they are doing well, merging with the bigger boys Minterest—> ARA Minterest—> SDAX Minterest - I have invested in 1 of their real estate deal, and a couple of other normal corporate investments Diversification - Minterest allows retail investors to diversify our portfolio into high quality institutional grade real estate and corporate investments Minimum amount - The minimum amount is slightly higher. Default rate: - Default rate is relatively lower than other lending platforms. - But they do update when there is a late payment, it is very clear and no frills. Fees - Minterest only charges a fee on the returns of the interest earned on your investments. Diversification - Minterest that allows me to diversify my portfolio with real estate and corporate investments. Auto-invest feature - The Auto-invest feature allows me to allocate my funds easily. - But the problem is that not all the deals have auto-invest feature and by the time they come out at 5.55pm they are all fully subscribed already. So that is quite annoying. Application - The app allows you to browse deals on the go, but you still have to log into the website to be able to make purchase of deals - It would be better if the app could allow for everything to be done on it with a FaceID login E- Wallets - The e-wallet top up process is swift and fuss free. Fact sheet and track record - I do like their fact sheets for each deal, which has a mint grade rating for each deal. - I do like that they have recurring clients with good track record of paying back the loans and interest. Physical store: - They have a physical store at Suntec City, although I think it functions more like an office (I went down there once to look around, as there was an email which said they were opening a shop as a place for their investors to gather and learn more about their deals) but when I went there the staff were more surprised that I came down, I tried to show them the email and told her that I am here to just know more about Minterest. She was very focused on asking me who told me to come and if I had an appointment? Maybe covid times. In hindsight it was funny. About 2019ish I had the chance to have a chat with Alvin, he was and still is (I think) the head of investors relations (I hope I got the title right) - He exuded confidence and had a very affordable persona, maybe that is due to his long tenure and experience in the banking scene before heading Minterest. - I felt that if Minterest could attract such talent a successful relationship manager moving out of the corporate job to a startup gig there had to be more than just money at stake, his zest and the ability for Minterest to attract quality did give me a sense of confidence to put some moolah with them. My back story: Minterest VS CoAssets At the time, around 2019 I wanted to diversify my investment portfolio into P2P lending platforms I did some research and found 2 that I thought were worthy of investing I was naive (I thought I did my research) and I thought I was smart by hedging my investments by investing in 2 P2P lending platform. Just incase 1 fails? Low and behold, my worst case scenario that u theoretically expected but hoped wouldn’t come true has came to pass. I invested in both Minterest and CoAssets. Both turned out to be direct opposites of each other, one became legit and successful, while the other crashed and burned and made me pay “tuition fees”. I call it tuition fees as losing a sum of money, however large or small has much to teach you and hopefully it makes me a more cautious, cynical and discriminatory investor. I believe a healthy level of distrust is essential to make one a better investor Lesson 1: - My investment strategy for both CoAssets and Minterest was to deposit $x amount of cash and let $x grow by itself - It only mean that my losses if any is only contained to $x amount of cash that I put in at first. Lesson 2: - Look at the management, ensure that they have the skills which are relevant to grow the company. Lesson 3.: - An overinflated marketing campaign, talking about their achievements which does not directly correspond and relate to their investing and profit generating prowess should be look at with cynicism. Lesson: 4 - I generally don’t like a relationship manager, unless there is a parallel alignment in our investment interest. - I like to know that the management has skin in the game. - I did check this out, she told me and showed me that she had $x of her own money in the CoAssets platform. - So that met a criteria of mine, I hedged my bets by investing $x/6 of my own money, but apparently not enough due diligence. Lesson 5: - There is always a small possibility that after DYOR things can still go to shit and when it does, you need to be aware of recourse action to take. - Sometimes the recourse actions are more time consuming and just not profitable to pursue.

      0

      What are your thoughts?

      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?

      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

      What are your thoughts?

      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.

      View 3 other comments

      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

      What are your thoughts?

      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

      What are your thoughts?

      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.

      0

      What are your thoughts?

      06 Apr 2021

      Purchased

      Minterest P2P Lending

      Minterest allows novice investors like me to diversify my investment portfolio by investing in real estate. It does not need to have a huge capital to start investing. It is also very convinent to use the platform to browse the deals available and allows me to invest anywhere. There is also a autoinvest feature allow investors to allocate their funds easily based on their invest preferences. Wallet top up process is swift and fuss free too.

      0

      What are your thoughts?

      05 Apr 2021
      minterest is just a perfect investing platform for a new investor like me, allow me to start with small capital from $50 while allow me to browse through all the deal and investment on the go. I can easily diversify my investment and have a full glance of my investment portfolio

      0

      What are your thoughts?

      01 Apr 2021

      Purchased

      Minterest P2P Lending

      I've just started learning about investing and I think this knowledge is really important to grow your money in the long term. I like Minterest because it allows investors to diversify our investment portfolio with institutional grade real estate and corporate investments. It's super easy to use the platform and browse deals on the go, and it has a variety of features to help busy investors like me. [Portfolio Diversification]

      0

      What are your thoughts?

      30 Mar 2021

      Purchased

      Minterest P2P Lending

      Been using the platform since 2018. Default rates are low and the deals interesting enough. Good for anyone wanting to build a fixed income portfolio.

      0

      What are your thoughts?

    Discussions (0)

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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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