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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.

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…

FinPAL 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…

FinPAL 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…

FinPAL March 22, 2018

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