Minterest has its own customised loan processing procedures to assess the viability of Funding Requests.
FAQ Category: Borrowers
A borrower can make multiple Funding Requests at any one time.
By clicking and agreeing to our platform terms, you are bound by the terms governing borrowers and lenders.
Minterest will charge a processing fee calculated based on the loan amount.
Borrowers can expect to pay an interest rate of between 8% and 20% per annum.
The loan tenor is generally for up to 12 months, especially, if the repayment structure is single-repayment.
Minterest can assist companies that would like to monetise their invoices and get paid quickly instead of waiting for their customers to pay them after a period of time.
We currently provide two main types of loan structures.
Minimum loan amount is $50,000. A lower amount may be considered on a case-by-case basis.
Information will include: