What is the contractual agreement between Investors and the Issuer (SME)?

• Related Articles

• How will late interest repayments charged to Issuer (SME) be accounted and paid for to investors?

  Whenever an Issuer (SME) makes a repayment (late), that money will go towards paying the late interests owed to the Investors first. Afterward, the remaining money will be used to clear the outstanding interests and principal amounts of the ...

• Will I be compensated for an Issuer (SME) who did not fulfill their repayment obligation?

  A late payment interest of 30% p.a. (calculated on a daily rest basis) on the arrears will be payable by the Issuer (SME) to the Investors. This will start to accrue one day after the repayment due date and continue until the overdue installment ...

• How and when will MoolahSense update the late repayment progress of an Issuer (SME) to affected investors?

  Investors will receive progress updates on the via the Investors’ dashboard. Our team will engage with the late Issuers (SMEs) and encourage them to get back on track with their outstanding repayments. Through this, we are able to provide the ...

• Who will bear the cost of the legal action(s) taken against an Issuer (SME)?

  Investors will have to bear the costs of the certain legal actions (e.g. bankruptcy applications against a Personal Guarantor(s), application for winding up of Issuer or award of Issuer legal costs by the court)  undertaken by MoolahSense on behalf ...

• Will MoolahSense still charge the Investor Service Fee if there are no repayments made by the Issuer (SME)?

  The Investor Servicing Fee is only deducted when there is a repayment made by an issuer on their business loans to their investors.