Minterest will charge a processing fee calculated based on the loan amount. This fee, starting from 2%, will be payable upfront when the loan is disbursed. Apart from the processing fee, there are no other charges payable to Minterest. For example, if your processing fee is 3%, you will receive $97,000 if your loan size is $100,000.
For invoice financing, a processing fee will be charged when putting in place the invoice financing facility. Each factoring request will incur an administrative fee. These fees are very competitive to ensure that your overall factoring rates are kept low.