6 Products Found
Most Popular
18% on interest earned
INVESTOR FEES
$20 per campaign ($100 initial deposit)
MINIMUM INVESTMENT
1.89%
DEFAULT RATE (2019)
[EXCLUSIVE] S$20 cashback for new users with promo code "SEEDLY20". View promotion under "More Details".
User Experience
Portfolio Transparency
Customer Support
Quantity of Deals
Quality of Deals
"First time using this platform. User interface is quite easy to navigate...." 1h ago
15% on interest earned
INVESTOR FEES
$1000 per campaign
MINIMUM INVESTMENT
0.077%
DEFAULT RATE (2019)
User Experience
Portfolio Transparency
Customer Support
Quantity of Deals
Quality of Deals
"[Portfolio Diversification] A wide spectrum of industry to invest in which cater to..." 11h ago
0%
INVESTOR FEES
$1000 per campaign
MINIMUM INVESTMENT
0%
DEFAULT RATE (2019)
User Experience
Portfolio Transparency
Customer Support
Quantity of Deals
Quality of Deals
"[UPDATE - 29 Dec 2020] I wish I can give zero or..." 2w ago
1% on all repayments
INVESTOR FEES
$100 per campaign ($1000 initial deposit)
MINIMUM INVESTMENT
13.64%
DEFAULT RATE (2019)
User Experience
Portfolio Transparency
Customer Support
Quantity of Deals
Quality of Deals
"[Lending Experience] [Debt Recovery] [Customer Support] Not the type to post reviews but..." 4d ago
15% on interest earned
INVESTOR FEES
$50 per campaign (initial deposit $1,000)
MINIMUM INVESTMENT
0.68%
DEFAULT RATE (2019)
"So-called "AA Grade" invoice financing repayment is late for two weeks. I..." 1mth ago
20% on interest earned
INVESTOR FEES
$1,000 per campaign (initial deposit $1,000)
MINIMUM INVESTMENT
<5%
DEFAULT RATE (2019)
"It’s as good as scam. For the loans that earns money they..." 6mth ago
Peer-to-peer (P2P) lending enables individuals or small companies to obtain loans directly from other individuals.
It's an alternative method of financing which cuts out the middleman (eg. financial institutions like banks) and allows very young companies or SMEs with a brief credit history to crowdfund and raise money.
A P2P lending platform allows such activities to be carried en masse and allows such individuals or companies to avoid wasting time, spending unnecessarily on financial costs, and overcome the limitations imposed by traditional financial institutions when it comes to seeking funding. These platforms connect borrowers directly to investors and enable such transactions.
If you're an individual investor who is seeking better returns on your cash savings as compared to what a high-interest savings account can give, you can become a P2P lender and potentially get better returns!
Naturally, these P2P loans carry an inherent risk too. Since these individuals or companies lack a strong financial record, you'll notice that P2P lending platforms will post a wide range of interest rates based on the creditworthiness of the applicant. Most importantly, as an investor, you'll also want to take note of the defaults rates to make sure that you don't lose your capital (as much as possible, of course... P2P investing is a high-risk investment!).
Currently, these are the few major P2P lending platforms in Singapore:
To help you make a smarter investment decision when it comes to picking the best P2P lending platform, you can always check out the reviews left by real users on SeedlyReviews to find out more about what the user experience is like with the platform, what is the quantity and quality of deals you have access to, how transparent is the portfolio, and how helpful is their customer support!
These are valuable insights which aren't usually published by the companies or P2P lending platforms but usually gleaned when investors use these platforms firsthand.
If you need more information like what are the fees involved and what are the default rates like for loans taken out via the P2P lending platform, you can always check out our comprehensive comparison of the various P2P lending platforms in Singapore!
Got more questions about P2P lending and what are the risks and rewards involved?
You can always ask the Seedly community!