What documents do I need to submit for a loan or invoice financing application?

In order for us to assess your application, please submit the following documents: ACRA Business Profile; Memorandum & Articles of Association; Last 2 years Financial Statements, or Management Accounts where applicable. In addition, please provide details of your customer and expected invoice(s) value if you are applying for invoice financing.

How do I sign up as a client?

Please click here to sign up. Simply register, indicate that you are signing up as a borrower and provide the required information to open a Client Account. Once opened, you can use the account to create Funding Requests for posting on our platform, subject to credit analysis and approval. If you are having trouble with creating the client account, please refer to video here.

How do I fund my Platform Account?

You can fund your platform account by making an online transfer either via FAST or GIRO to the designated bank account held by Vistra, our escrow agent. Details of the bank account can be found at your Dashboard Wallet when you make a deposit on the platform account. The bank account details are also reproduced below: Account name: Vistra Trust - Minterest Account number: 003-943613-0 Bank: DBS BANK Ltd If you are having trouble with funding your e-wallet, please refer to the guide here.

How do I sign up as a member?

Please click here to sign up. Simply register, indicate that you are signing up as an investor. When sign-up is confirmed, complete either the knowledge/experience or the suitability questionnaire and submit your identification documents. Once approved, you will have access to the platform to view live deals. Transfer a minimum of $1,000 to the escrow account (account details provided on the platform) to commence your investment journey. If you are having trouble with setting up your account, please refer to the guide here.

General Archives | Minterest

Do you rate the Funding Requests and, if yes, how?

All Funding Requests listed on Minterest will be given a rating known as MintGrade. The MintGrade rating is our proprietary credit assessment

What are the terms and conditions when investing or raising financing using Minterest?

Our terms which include the use of the website, data protection and how lenders interact with borrowers are set out in our Platform Terms.

Can I register as a borrower and an investor at the same time using the same account?

The registration and acceptance requirements of an investor and a borrower are very different. As such, one account cannot be used for both investing and borrowing.

Why do I need to submit personal documents when I sign up to open an account?

Personal documents are required for us to undertake “know your customer” (KYC) due diligence to enable us to know you and manage risk in a prudent manner.

What are the different categories of loans?

Loan Requests posted on Minterest falls into one of the following categories:

Who can access the platform?

Investors who have registered and successfully completed either the knowledge/experience or the suitability questionnaires can access the platform to view live deals.

How does marketplace funding work?

Marketplace funding is the practice of financing a project, venture or business through the raising of funds from a large number of people (i.e. the crowd).

Is Minterest regulated?

Yes, Minterest is regulated by the Monetary Authority of Singapore under the Securities and Futures Act. We hold Capital Market Services Licence (Number: CMS100573) to deal in capital market products.

Who is Minterest?

Minterest Private Limited (“Minterest”) is a digital platform that aims to provide a fresh perspective to the way people look at marketplace funding by bringing borrowers and investors together through customised processes and relevant solutions to help them achieve their financial goals. Our mission is to empower and deliver on objectives of everyday investors and businesses through customised processes using fintech solutions.

FAQ Category: General