Issuer FAQs

No

Product

Description

1

Trade Invoice Finance – Accounts Receivables (without Trade Credit Insurance)

A Financing where the Issuer (“Seller”) sell their future receivables or invoices that the seller’s issue to their customers (“Buyer”) to get immediate cash. When the buyers pay these invoices, Investors who bought these future receivables would receive the full payment and make a return.

2

Trade Invoice Finance – Accounts Receivables (with Credit Insurance)

A Financing where the Issuer (“Seller”) sell their future receivables or invoices that the seller’s issue to their customers (“Buyer”) to get immediate cash. When the buyers pay these invoices, Investors who bought these future receivables would receive the full payment and make a return.

If there is a default or protracted payment of the buyer, the insurance company will indemnify up to maximum of 90% of the total loss to the Issuer, subject to the term and conditions of the insurance policy.

3

Trade Invoice Finance – Accounts Payables / Purchase Order / Supply Financing

A Financing that is used to fund the transaction of the Issuer. For example, purchasing raw materials needed to manufacture steels pipes.

4

Business Term Financing 

A Financing that is taken to finance a company’s working capital, expansion and bridging.

5

Franchise Financing

A Financing that provides Issuer/Franchisee with term financing to purchase a business franchise from a franchisor

6

Business Insurance Financing

A Financing that provides Issuer to cover the cost of an insurance premium.

7

Asset / Equipment

Based Financing*

A Financing that provides Issuer with term financings that use inventory, machinery, equipment and real estate as collateral. This Financing is secured by one of the company’s assets.

8

Dealer Financing

A financing that provides Issuer / Dealer to finance the purchase of new / used motor vehicles.

9

Project Financing

A Financing that typically provides the Issuer the funding (financing) of short to long term projects.

 

  • User clicks on the “Finance” tab.
  • User to fill up the basis relevant details

Only locally registered sole proprietorships, partnerships, incorporated limited liability partnerships, private and unlisted public companies, will be allowed to be hosted on the P2P platform.

The following entities are prohibited from raising funds through a P2P platform:

  1. Commercially or financially complex structures (i.e. investment fund companies or financial institutions);
  2. Public-listed companies and their subsidiaries;
  3. Companies with no specific business plan or its business plan is to merge or acquire an unidentified entity (i.e. blind pool);
  4. Companies that propose to use the funds raised to provide loans or make investment in other entities; and
  5. Any other type of entity that is specified by the SC.
  1. Update Director’s Name & Email address
  2. Authorised Director to acknowledge credit consent checking
  3. Moneysave will then run a decision workflow to determine eligibility of the Credit Facility

Upon receiving a Conditional Approval on Credit Facility, Issuer to:

    1. select type of financing
    2. input basic Buyers information (for trade invoice)
    3. upload latest 6 months bank statements
    4. Latest Available Audited Financial Statements (3 years preferred)
    5. Latest Available Management Accounts
  1. Upon receiving full documentation, Moneysave will evaluate the risk and assign credit scoring based on third party credit scoring methodology.
  2. Moneysave will propose a set of terms relating to the financing amount, tenor and also interest rate for the financing.
  3. Moneysave will also consider to reduce the corresponding interest rate based on credit scoring level if there is a risk mitigation in place.

Type of Fee

Rates

Description

Frequency

Transaction Fees

N/A

N/A

N/A

Upfront Credit Processing Fees

RM200

Credit Processing fee charged each time an application to get financing is made.

Upon application of financing facility and / or annual renewal of facility

Platform Hosting Fees charged to Issuers

Up to 0.50% per month  with a minimum charge of RM200 per hosting, whichever is higher

Fees charged by the platform to issuers upon successful funding.

Charged only if funding is successful and leads to disbursement. Deducted upfront from amount to be disbursed. Amount is determined by the financing tenure applied and approved.

Late Payment Fee

RM100 for every periodic repayment missed

Fees charged by the platform to issuers each time a repayment is overdue.

Charge for every periodic repayment missed

Late Payment Interest

0.10% per day of unpaid sum will be payable to the investor

Unpaid sum is equivalent to the outstanding Principal Amount

Fees charged by the platform to issuers each time a repayment is overdue.

Chargeable daily if Repayment is overdue.

It will be on accrual basis from the date of actual repayment. (Waived) if repayment is made within seven (7) of the issuance of a Repayment Notice

Early Full Settlement Fees

1.5% p.a of Outstanding Amount (It will be based on Prorated)

Fees charged by the platform to issuers each time a repayment is early settled.

Upon early settlement

Legal Fees, if any

As charged

Fees charged by the solicitor to Issuers for default in repayment

 

Valuation Fee, if any

As charged

Fees charged by the 3rd Party Valuer to Issuers to conduct valuation report on certain properties / asset

 

Commitment Fee (for Non-Utilisation)

Up to RM200 per month

Fees charged by the platform to Issuers for Non-Utilisation of Facility Approved

 

Stamp Duty

0.50% of facility approved and accepted

Duty payable under the law

Amount is determined by the amount of facility approved and accepted

Withdrawal Processing Fee

RM0.10 to RM2 per transaction

Transaction charges (such as IBG, FPX/Payment Gateway) if any as charged by the banks

Upon request for withdrawal from Trust account is made.

 

  1. You must declare the hosting with another P2P Platform and that the new application for funding is NOT for the same purpose
  1. Yes, Issuer may apply for a subsequent financing with Moneysave subject to another round of credit underwriting.
  2. This will be considered a new financing. Issuer may be required to pay off the full outstanding amount of the existing financing before the new financing is extended. This depends on the conditions set by Moneysave team and vary on a case by case basis.

Moneysave may classify any of the Investment Notes as Default Investment Note upon the occurrence of any of the events as following: –

    1. the Investment Note being overdue in payment for:
      1. more than ninety (90) calendar days from the Due Date for other type of Financing;
      2. more than sixty (60) calendar days from the Due Date for Invoice Financing
    2. the Issuer or the Issuer’s customer(s) go into administration or liquidation (as the case may be);
    3. the Issuer ceases or threatens to cease carrying on a substantial portion of its business;
    4. Moneysave suspects that fraud has been committed by the Issuer or the Issuer’s            customer; and/or
    5. any breach by the Issuer of its obligation in the Issuer Agreement
  • Generally, the service fee for Issuer as per following table.
  • Service Fee is not subject to SST.

Type of Fee

Rates

Description

Frequency

Transaction Fees

N/A

N/A

N/A

Upfront Financing Processing Fees

RM200

Financing Processing fee charged each time an application to get financing is made.

Upon application of financing facility and / or annual renewal of facility

Platform Hosting Fees charged to Issuers

Up to 0.50% per month  with a minimum charge of RM200 per hosting, whichever is higher

Fees charged by the platform to issuers upon successful funding.

Charged only if funding is successful and leads to disbursement. Deducted upfront from amount to be disbursed. Amount is determined by the financing tenure applied and approved.

Late Payment Fee

RM100 for every periodic repayment missed

Fees charged by the platform to issuers each time a repayment is overdue.

Charge for every periodic repayment missed

Late Payment Interest

0.10% per day of unpaid sum will be payable to the investor

Unpaid sum is equivalent to the outstanding Principal Amount

Fees charged by the platform to issuers each time a repayment is overdue.

Chargeable daily if Repayment is overdue.

It will be on accrual basis from the date of actual repayment. (Waived) if repayment is made within seven (7) of the issuance of a Repayment Notice

Prepayment Fee “Early Partial / Full Settlement Fee”

1.5% of the outstanding principal to be prepaid (“Prepayment Amount”), as an administration fee (the “Administration Fee”).

Fees charged by the platform to issuers each time a repayment is early partial / fully settled.

Upon early partial / fully settlement

Legal Fees, if any

As charged

Fees charged by the solicitor to Issuers for default in repayment

 

Valuation Fee, if any

As charged

Fees charged by the 3rd Party Valuer to Issuers to conduct valuation report on certain properties / asset

 

Stamp Duty

0.50% of facility approved and accepted

Duty payable under the law

Amount is determined by the amount of facility approved and accepted

Withdrawal Processing Fee

Free for Interbank Giro (IBG) unless there are charges incurred to remit funds back to the Issuer

Fees charged, if any, by the platform for services rendered to the Investors

Upon request for withdrawal from Trust account is made.

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