What is MoolahSense’s loan default rate?
Default Rate =
Amount of Outstanding Loan Repayment Monies in Default
Total Amount of Loans Disbursed
The default rate is computed taking the amount of outstanding loan repayment monies in default divided by the total amount of loans disbursed since our first campaign that was launched in November 2014.
At MoolahSense, a loan will be classified as a doubtful if an issuer fails to repay its loan obligations 120 days after the initial loan repayment due date. This will also be reflected in your “Investments” on your dashboard.
What is MoolahSense’s role to both Investors and the Issuer (SME)?
MoolahSense’s principal role is to: Perform introductory functions on behalf of prospective Issuers and Investors for the issuance of notes. Provide a streamlined process for the issuance of notes (including the development of standard contract ...
What is MoolahSense?
MoolahSense is Singapore’s pioneer and first fully licensed marketplace lending platform by the Monetary Authority of Singapore where people invest directly in local businesses for fixed returns whilst supporting the core of our economy and fostering ...
What is MoolahSense’s track record?
MoolahSense is the pioneer digital lending platform established in Singapore. We are also the FIRST to obtain a full Capital Market Services License (CMS-100568-1) from the Monetary Authority of Singapore. As of end July 2018, we have completed over ...
How does MoolahSense’s platform work?
With the innovation found only at MoolahSense, the platform provides Investors and Businesses with two allocation mechanisms: (1) First-Come-First-Served; and (2) Auction – similar to reversed-Dutch auction and COE bidding exercise.
How do I close my MoolahSense account?
If you wish to close your MoolahSense account, please submit a ticket at : https://moolahsense.com/contact/. Please provide us a scanned copy of your NRIC / Passport / FIN Card / Relevant Identification documents and include in your message to us ' ...