MoolahSense Reviews and Comparison - Seedly
Reviews (22)
1.3
Reviews (22)
1.3
  • 5
    0
  • 4
    0
  • 3
    2
  • 2
    2
  • 1
    18

Most Helpful

  • Most Helpful
  • Most Recent
  • Low to High
  • High to Low
  • Updated on 27 Mar 2018
    I invested in 14 loans progressively since end 2016. The payments were on time in the beginning. But soon, late payments started and to date, I have 6 loans under late payment with 2 of the companies under bankruptcy proceedings. That's a 42% default rate! I even have one loan which had delayed payment from the beginning. Pls do your due diligence before investing with Moolahsense and take their credit rating with a pinch of salt.
    0 comments
    3
  • Updated on 13 Jun 2019
    I've invested in Capital Match, Funding Societies and MoolahSense for 2 years. I'm too lazy to share the details but you should AVOID MOOLAHSENSE. SO DISSAPPOINTED WITH THEM.
    1 comment
    2
    Wong Hong Wei
    Wong Hong Wei

    06 Jan 2019

    May you share more about your experience? I wrote quite a bit here: https://forums.hardwarezone.com.sg/money-mind-210/moolahsense-investing-thread-5550357.html... Read more
  • Updated on 13 Jun 2019
    atleast 25% of the loans i have funded are either in payment delayed or stressed status for quite sometime now , there is no significant updates around the recovery and not sure if they will be defaulted soon !, pls exercise utmost caution investing through this portal , invest only minimum amount and dont be taken away by campaigns with high interest.
    3 comments
    2

    See all 3 comments

    Rajesh Ranganathan
    Rajesh Ranganathan

    02 Sep 2018

    Adding to my earlier post , i see one of my investment has already been marked a loss, no sign of recovery i guess , worst part is investor is not informed to covey the write-off, have written a strong note but no response yet , better not venture in moolah
    Wong Hong Wei
    Wong Hong Wei

    03 Oct 2018

    11 of my notes are marked as loss. MoolahSense still refuse to take legal action on most of them. Only a few updates that the issuer promise to pay but refuse to pay...
  • Updated on 18 Sep 2018
    Probably stuffed with analysts with just psle cert... ought to improve on how they do their due diligence
    0 comments
    2
  • Updated on 27 Mar 2018
    Been using since 2016 Pros: - Has auto investing feature - Company and loan details are very detailed - Low minimum required, $100 - Loans come in many flavours, such as callable, monthly equal installments, bullet etc Cons: - Not as user friendly as other platforms. Might be daunting to new P2P investors. - Many types of loans and interest payments schedules, requires a learning curve for newbies. - Few cases of defaults, and the update frequency is not as regular
    0 comments
    2
  • Updated on 27 Mar 2018
    Invested $3k into 3 diff companies via moolahsense. One of them defaulted after only a couple of payments. They have been chasing the the company for over a year but to no avail. Will not invest via this platform anymore. Pls beware.
    0 comments
    2
  • Updated on 13 Jun 2019
    AVOID THIS AT ALL COST. If you want to be a millionaire using P2P platforms such as moolahsense, it's easy! Start with a billion dollars invested in them!
    1 comment
    1
    Thiagarajan Veerappa Chettiar
    Thiagarajan Veerappa Chettiar

    02 Jun 2019

    Moolahsense is the worst P2P platform you MUST avoid. The loss rate is very high and their profiling of the risk is practically NON EXISTENT. They will give you all types of numbers but of no use. I have invested in 19 notes and 2 have gone under receivership and another 3 defaulted (soon will be under receivership). The worst part is the company doesn't bother about your queries and either reply very very late or do not reply at all. God save the investors with this Company.
  • Updated on 13 Jun 2019
    I invested in 45 loans, 31 current, 5 late, 7 past due, 2 doubtful. The numbers say it all about my experience with Moolahsense so far.
    1 comment
    1
    Wong Hong Wei
    Wong Hong Wei

    10 Mar 2019

    Your numbers are terrific, you have a decent shot at breaking even. Compare to my portfolio which is running near 50% NPLs - I will consider myself extremely lucky to make a 10% loss eventually: Paid = 32 Current = 1 Past Due = 5 Doubtful = 4 Loss = 10 Closed off = 9
Questions (2)

Recent Activity

  • Recent Activity
  • Unanswered
  • Trending

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

Funding Societies

MoolahSense

Investments

P2P Lending

Gabriel Lee
Gabriel Lee
Level 6. Master
Answered on 14 Nov 2018
You can consider using Funding Societies (FS) as they have a pretty good track record of on time repayment and low default rate. You can check out their statistics and our community's experience with FS in the link below. As for regular investments with FS, you can make use of their Auto-Invest function which allows you to choose the type of loan and amount that you would like to invest. Then when a new loan is available and matches your criteria, funds will be allocated to that loan automatically. You can also choose to opt out of it. Read more here - http://nerds.fundingsocieties.com/launching-auto-invest.html https://fundingsocieties.com/progress https://seedly.sg/reviews/p2p-lending/funding-societies
About MoolahSense
OperationsLoan agreements in place
MethodologyBusiness term loan and Invoice financing
Fees1% on repayment
Minimum$500 per campaign (initial deposit $1,000)
Default Rate4%

About MoolahSense

MoolahSense started in year 2014 by Ex Vice President of Macquarie Capital, Lawrence Yong.

Types of loans by MoolahSense

MoolahSense gives out loans in form of Business Term Loans and Invoice Financing.

Risk Management for MoolahSense

MoolahSense access lenders based on the nature and outlook of the industry they operate in, the strength of their financials and overall business model as well as the background and character of its Directors.

Funds for MoolahSense are held separately with OCBC.

Minimum investment and fees for MoolahSense

The minimum investment for Funding Societies is at S$1,000. The minimum investment for each campaign is S$100.