Investor – FAQs Category –

Investor – FAQs Category –

Investor – FAQs Category –

Investor – FAQs Category –
Investor – FAQs Category –
Investor – FAQs Category –
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Section Title
FAQ
What are the criteria to become an investor?

Singapore Citizens, Permanent Residents and Foreigners are welcome to be a FundTier investor, regardless of whether you reside in Singapore. You will need to be at least 18 years old and upload the necessary documents as required by FundTier.

For corporate investors, all ACRA-registered companies are welcome. You will need to upload a certified true copy of your latest ACRA Bizfile Business Profile Report for our review.

For Singapore Citizens and Permanent Residents:

  • A copy of your NRIC showing your full name
  • Proof of residential address

Examples: Utility bill, credit card statement, bank statement and government letter.

(Recent three months old, showing your name and address)

  • Proof and source of wealth

(Latest bank statement dated no more than three months old, showing your name, bank account number and bank balance)

For foreigners without Permanent Resident status:

  • A copy of your Passport / Employment Pass / Dependent’s Pass / Identity Card, showing your full name
  • Proof of residential address

Examples: Utility bill, credit card statement, bank statement and government letter.

(Recent three months old, showing your name and address)

  • Proof and source of wealth

(Latest bank statement dated no more than three months old, showing your name, bank account number and bank balance)

After you have registered and uploaded all the required documents, FundTier will review your application and usually approve your application within 3 business days.

Investors are required to deposit a minimum capital of S$50,000 into their FundTier holding account. It is up to the investors’ discretion on the amount to invest at any point in time in multiples of SGD1,000.

No, registered members of FundTier are under contractual agreement not to contact other members directly. To safeguard the integrity of your loan agreement, members should not attempt to enter into any transactions with other users outside of FundTier’s official platform.

FundTier thoroughly reviews each loan application, which must be supported by relevant financing documents. In addition, we conduct due diligence on the background of the borrowing company and personally meet up with every company before approving their FundTier borrower accounts. Only companies that pass our strict assessment process are allowed to list on our platform.

As each investment is different, the interest rates offered will differ as determined by a multitude of factors.

Your monthly interest distribution will be credited into your account on a fixed day of each month, in accordance with your Promissory Note.

To fully support our investors, FundTier provides a reminder to all borrowers before each repayment date to ensure timely repayment. In the event of late repayment, a late payment fee will be charged and our internal credit collection procedure will begin immediately.

Yes, you can participate in more than one investment so long as you have sufficient funds in your FundTier investment account.

No, when an investment reaches 100% commitment, the funding request will be automatically closed.

No, FundTier is not a deposit-taking institution and the funds are held in a non-interest bearing escrow account.

All investments carry risks and investors are reminded to perform their own due diligence by carefully reviewing the nature of each funding request and the loan terms.

Investors’ funds are managed by Vistra Trust (Singapore) Pte Ltd (“Vistra”), an MAS licensed trust company.  In the unlikely event that FundTier ceases operations, Vistra will continue to handle the funds in the trust account.  The financing arrangement between the borrowers and investors shall also remain valid and should there be a need, we will be work with a reputable law firm to fulfill the obligations of the platform.

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