You would be required to repurchase the invoice(s) in the event that your customer does not make a full payment on the invoice(s). Your repurchase obligations will only arise after the maturity date.
We welcome referrals. A referral fee of between $1,000 and $2,000 will be paid to you should the company you referred be successful in raising funds through our platform. Minterest reserves the right to amend or alter this incentive at any point in time.
A personal guarantee is required for all Loan Requests except for Convertible Loans. Personal guarantee is also required to guarantee the repurchase of invoices pursuant to an invoice financing.
You will have no further obligations once the last of your loan payments have been made.
We will work with you to find a satisfactory solution to repay the amount outstanding, failing which a debt collection agency may be appointed to recover the outstanding amount. Notwithstanding the above, the lenders will have direct recourse to your company, any collateral that was provided and the personal guarantee(s) that was(were) provided as part …
What happens if my business is unable to pay back the loan? Read More »
When a late repayment occurs, you are encouraged to settled the outstanding payment as soon as you can. We will work with you to identify and resolve the reasons for a late repayment. You will be charged a late payment fee amounting to 2% of the loan principal outstanding or $2,000, whichever is higher.
We do not expect many borrowers to be making a prepayment on their loans. As such, we have not provided for prepayment of loans in our Platform Terms. However, we can consider the prepayment provisions on a case-by-case basis.
Repayments of a loan are generally made online by transferring the relevant amount to Minterest’s bank account managed by the escrow agent. Payments by cheque are also accepted although not encouraged. It is advisable that you inform us once a payment has been made so we can ensure that the payment is received and records …
Loan Requests that are at least 75% subscribed at the end of the period of offer will continue to be funded i.e.
Once a Funding Request is successfully accepted by Minterest, it will be posted on the platform.
Minterest Private Limited is incorporated in Singapore with registration no. 201607263W and holds a Capital Markets Services licence (CMS100573) issued by the Monetary Authority of Singapore (“MAS”) to deal in securities under the Securities and Futures Act, Cap 289 (“SFA”). All fundings arranged via our Platform, unless expressly stated, are made under the “small offers exemption” as prescribed under section 272A, “private placement exemption” as prescribed under section 272B, or “accredited investors and other certain persons exemption” as prescribed under section 275 of the SFA and is not made in or accompanied by a prospectus that is registered by the Monetary Authority of Singapore. We do not and will not perform any other activity that is regulated under any applicable Singapore law. In particular, we do not provide any form of investment advice or recommendation to any person. All data available on this website is strictly for information purposes only and should not be regarded as an offer, solicitation, invitation, advice or recommendation on our part to buy or sell any securities or other capital markets product or financial services. We make no representation or warranty (express or implied) as to the accuracy, completeness or quality of any information on this website. Users of this website are advised to seek independent financial, tax and legal advice or make such independent investigations as appropriate in connection with their use of this website. By using this website, you agree to be bound by our Website Terms of Use.
© 2021 Minterest Private Limited. ‘ARA Minterest’ is a trading name of Minterest Private Limited. All Rights Reserved.
Minterest Private Limited is incorporated in Singapore with registration no. 201607263W and holds a Capital Markets Services licence (CMS100573) issued by the Monetary Authority of Singapore (“MAS”) to deal in securities under the Securities and Futures Act, Cap 289 (“SFA”). All fundings arranged via our Platform, unless expressly stated, are made under the “small offers exemption” as prescribed under section 272A, “private placement exemption” as prescribed under section 272B, or “accredited investors and other certain persons exemption” as prescribed under section 275 of the SFA and is not made in or accompanied by a prospectus that is registered by the Monetary Authority of Singapore. We do not and will not perform any other activity that is regulated under any applicable Singapore law. In particular, we do not provide any form of investment advice or recommendation to any person. All data available on this website is strictly for information purposes only and should not be regarded as an offer, solicitation, invitation, advice or recommendation on our part to buy or sell any securities or other capital markets product or financial services. We make no representation or warranty (express or implied) as to the accuracy, completeness or quality of any information on this website. Users of this website are advised to seek independent financial, tax and legal advice or make such independent investigations as appropriate in connection with their use of this website. By using this website, you agree to be bound by our Website Terms of Use.
© 2021 Minterest Private Limited. ‘ARA Minterest’ is a trading name of Minterest Private Limited. All Rights Reserved.
