How does the Investor Service Fee charged by MoolahSense compare with other crowdlending platforms in Singapore?
MoolahSense’s Investor Servicing Fee of 1% of repayments is lower compared to the 15% of interest typically charged by other crowdlending platforms in Singapore.
The table below shows the amount of fees charged by our platform compared to other crowdlending platforms.
The reason why MoolahSense charges a Servicing Fee on repayments instead of interest is because the amount of resources required to administer the repayments is not affected by the interest rate.
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Why did MoolahSense introduce the Investor Service Fee?
The Investor Servicing Fee is levied in consideration of MoolahSense’s role in administrating and facilitating the issue of the Promissory Note.Will the Investor Service Fee apply to the investments that are made through MoolahSense’s Auto Allocation service?
Yes. The Investor Servicing Fee will also apply to investments made through MoolahSense’s auto-allocation service in investment campaigns that are launched on and after 11 December 2017.How does the Investor Service Fee work?
Take for instance an investor who had invested in an unsecured business loan investment campaign and the issuer has a repayment of S$1,000. The net amount of repayment that the investor will receive in this case will be S$990 after accounting for an ...Will the Investor Service Fee apply to the investments that an investor had successfully made before MoolahSense implemented the fee?
No. The Investor Servicing Fee will only apply to business loan investments successfully made by investors on and after 11 December 2017 on the platform.Will the Investor Service Fee be applicable to all of MoolahSense investment products?
No. The 1% Investor Servicing Fee will only be applicable to the business loan products.