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FS Malaysia

Please post any Funding Societies topics that you want to discuss with the local p2p community.
sunnytimes
Posts: 33
Joined: Sun Jun 19, 2016 3:24 pm

FS Malaysia

Postby sunnytimes » Thu Jun 08, 2017 5:03 pm

Anyone invested on the FS Malaysia Platform? How much listing/amounts are available for investment per month? And how much should I initially deposit from SG if I just want to auto invest on every listing for a small allocation maybe RM500 per listing?

Gaudente
Posts: 18
Joined: Sun Apr 23, 2017 12:09 pm

Re: FS Malaysia

Postby Gaudente » Thu Jun 08, 2017 10:10 pm

They don't have many offers , at the moment there's only one , 400,000 ringgit 18 months 11.5% nominal 20.78% effective rate , started 1st June and until now funded for 50% , 6 days to go , max investment 50,000 ringgit.
As usual , I would gladly add the fact sheet if the webmaster allowed pdf files to be uploaded. But looks like he has abandoned the place... :roll:
Do you know how and where a non resident foreigner can open a bank account in Malaysia ? I tried in Kuala Lumpur , showing the dividend cheques from my Bursa investments but no bank accepted to open an account without work permit. Might get better luck in Johor Baru ?

sunnytimes
Posts: 33
Joined: Sun Jun 19, 2016 3:24 pm

Re: FS Malaysia

Postby sunnytimes » Fri Jun 09, 2017 11:58 am

Thanks for the info!

I'm not sure, but from people I know they can open one if they get a referral from a bank in Singapore. In this case, they were already a priority/privilege/private customer back in SG.

If you carry the referral letter to the bank it's probably better. This was a while ago, I'm not sure how stringent Malaysia or the banks have gotten since. You may get different results depending on the bank and the officer in charge. Maybe try UOB, OCBC, HSBC and try at JB

Gaudente
Posts: 18
Joined: Sun Apr 23, 2017 12:09 pm

Re: FS Malaysia

Postby Gaudente » Sat Jun 10, 2017 12:04 am

Unfortunately my only bank account in Singapore is a Standard Chartered "Extra saver" that I don't think can release me any referral letter :lol: , thanks anyway , should I pass by Singapore I might make a blitz to JB to try.

heyjude
Posts: 55
Joined: Fri Sep 30, 2016 10:14 am

Re: FS Malaysia

Postby heyjude » Tue Jun 13, 2017 2:58 pm

Malaysia Boleh!

FundingSocieties
Posts: 8
Joined: Mon May 02, 2016 4:29 pm

Re: FS Malaysia

Postby FundingSocieties » Tue Jun 13, 2017 3:12 pm

Hi Gaudente and Sunnytimes,

Thanks for your interest in FS Malaysia! Gaudente is right in terms of the current loan offering. So far we're the first and only P2P/ SME lending platform in Malaysia, launched in Feb 2017. As per any new product and marketplace, the start can be slow. But to-date we've crowdfunded RM 2 million in loans.

You actually don't need a Malaysia bank account to invest on FS Malaysia. Similar to FS Singapore, you can simply transfer the funds to our trustee account. The info is available upon registration. FS Malaysia, however, does not accept e-signature yet (given external constraint). But you can simply mail the contract to our Singapore office and we'd forward it to Malaysia for you. So far, we've ~40 FS Singapore investors who have invested on FS Malaysia.

Feel free to let us know if you've any question. We also have LiveChat on our Malaysia platform (https://fundingsocieties.com.my). Cheers!

Warm regards,
Kelvin
Co-Founder
Funding Societies - Modalku

velithdra
Posts: 30542
Joined: Wed Feb 06, 2019 12:51 pm

Re: FS Malaysia

Postby velithdra » Tue Feb 12, 2019 6:38 pm

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velithdra
Posts: 30542
Joined: Wed Feb 06, 2019 12:51 pm

Re: FS Malaysia

Postby velithdra » Tue Jun 04, 2019 1:59 pm



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