Rates, Fees and Charges
What are the other costs & fees involved?
Fees that will be charged include:
A) Registration Fee
All prospective Issuer will be required to pay a one-time non-refundable Registration Fee of RM250.00 to register itself into FinPAL’s P2P Platform.
B) Annual Review Fee
All registered Issuers wishing to continue listing their Issued Note(s) shall be subjected to an annual review process to update their credit profile and risk scoring. The review fee is RM125.00 per Issuer annually.
C) Processing Fee
The Issuer will be charged 1.5% a processing fee for each and every Issued Note upon its being successfully funded on FinPAL’s platform.
The rate of processing fee chargeable is ranging from 1.5% to 3.0% depending on the type of financing product and the financing tenor.
Please note that all the quote fees, charges and rates above are not inclusive of GST. Where applicable, GST will be levied accordingly.
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