Post by benaj on Feb 28, 2020 17:26:42 GMT
My observation on first 60 days:
- Autoinvest / bid manually from 20 SGD
- Invest SME loans from Singapore / Malaysia / Indonesia (not crossed region)
- Licensed by Monetary Authority of Singapore (2016).
- Interest rates: 3.35% - 23.87%
- No Buyback guarantee
- No Secondary market
- Loan terms: 90 to 360 days
- Loan flows: 5 - 30 loans a week (possible cash drag )
- Free Withdrawal, accepts IBAN, having local SGD bank account would reduce withdrawal cost
- Tax withheld
- No display for current portfolio balance. Account balance only shows idle cash & Net Income.
- Transaction history in PDFs only, no .CSV
- Overall default rate is 2.12% on platform stats.
- Example of real loan performance before defaults
Too early to report XIRR, but I expect XIRR around 5%.
* NAR calculated after tax & platform fees.
- Autoinvest / bid manually from 20 SGD
- Invest SME loans from Singapore / Malaysia / Indonesia (not crossed region)
- Licensed by Monetary Authority of Singapore (2016).
- Interest rates: 3.35% - 23.87%
- No Buyback guarantee
- No Secondary market
- Loan terms: 90 to 360 days
- Loan flows: 5 - 30 loans a week (possible cash drag )
- Free Withdrawal, accepts IBAN, having local SGD bank account would reduce withdrawal cost
- Tax withheld
- No display for current portfolio balance. Account balance only shows idle cash & Net Income.
- Transaction history in PDFs only, no .CSV
- Overall default rate is 2.12% on platform stats.
- Example of real loan performance before defaults
| Lender Rate (%) | NAR* (%) |
| 7 | 3.7 |
| 10 | 5.6 |
| 14.4 | 10.8 |
Too early to report XIRR, but I expect XIRR around 5%.
* NAR calculated after tax & platform fees.