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

• 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 ...

• When will the SME who has defaulted on their repayment obligation be brought to court?

  We will only consider taking the SME to court if our attempts to engage the SME verbally or in writing (which includes the serving of legal documents) for repayments had failed. Nevertheless, as there are fees payable to the court if we initiate ...

• 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 ...

• What happens when an SME does not honour its loan repayment obligation?

  MoolahSense will manage the debt recovery from SMEs on behalf of Investors, from Issuers who are late or have defaulted on their loan repayments. This includes taking the necessary legal actions to facilitate the debt recovery process. ...

• 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.