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The Product

What type of financing can we get?

We offer 2 types of financing through P2P Platform to meet your working capital needs: Invoice Financing and Short Term Working Capital Financing

Invoice Financing Short Term Working Capital Financing
Financing Tenor 1 month to 4 monthsDepending on the expected due date as derived from the payment term of the underlying Invoice Up to 180 days
Collateral / Security No physical collateral No physical collateralCorporate and/or personal guarantees may be required for high value financing and/or risky Issuer/issuance
Disbursement 90% of Issued Note Amount10% retained as Reserve Amount, to be used for deduction of processing fee, stamp duty, GST (if any), expense reimbursement, interest and penalty interest. The balance of reserve amount if any leftover, will be refunded to Issuer upon full settlement of the Issued Note. 87.5% of Issued Note Amount12.5% retained as Reserve Amount to be used for deduction of processing fee, stamp duty, GST (if any), expense reimbursement, interest and penalty interest. The balance of reserve amount if any leftover, will be refunded to Issuer upon full settlement of the final repayment sum.
Repayment Mode Bullet, and full settlement only Delayed monthly instalment;For financing up to 120 days (4 months), repayment will be on Bullet basis.

For financing above 120 days, instalment repayment on every 30 days interval, starting from 120th Day. Each repayment tranche represents a Promissory Note under the Financing Request.

Pricing / charges to Issuer 1.5% processing fee on Issued Note Amount upon disbursementUp to 17% interest on Issued Note Amount from disbursement date to settlement date, interest rate scale in accordance to risk grading assigned to Issuer 1.5% – 3.0% processing fee on Issued Note Amount upon disbursementUp to 18% interest on Financing Amount from disbursement date to settlement date of each repayment tranche. Interest rate scale in accordance to risk grading assigned to Issuer

Can I register as an Issuer and an Investor simultaneously?

Currently, there is no rule restricting you to register as Issuer and Investor simultaneously. You will be required to open separate accounts for each, using different…

Creative Burnink March 22, 2018

Is FinPAL regulated?

Yes, FinPal is a Registered Recognised Market Operator, governed under Section 34 of Capital Markets and Services Act 2007 (CMSA) by Securities Commission of Malaysia…

Creative Burnink March 22, 2018

Are my funds at risk if FinPAL becomes insolvent?

Your investment funds are held on trust on your behalf in a segregated Investor Trust Account which cannot be transferred to FinPAL Accounts. Additionally, FinPAL…

Creative Burnink March 22, 2018

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