Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Funding Societies (Modalku Ventures S/B), Need Advise on Business Loan

views
     
TSCYNGGGG3318 P
post Jul 18 2019, 12:47 AM, updated 5y ago

New Member
*
Probation
6 posts

Joined: Jul 2019


Hi,

Newbie here, would like to know if anyone here tried to apply business loans with Funding Societies Malaysia or named as Modalku Ventures Sdn Bhd.

Intended to apply RM7000.00 for my startup business.

Would like to get some advise from here?

Thank You! biggrin.gif
ratloverice
post Jul 18 2019, 02:06 AM

Enthusiast
*****
Junior Member
804 posts

Joined: May 2010
It’s easier to apply through FS Bolt but the interest rate could be as high as 18% pa and the maximum amount of financing is 50k. I applied for 50k and FS approved it within 48h.

Fundaztic is probably a better option.
Jordy
post Jul 18 2019, 03:33 PM

Entrepreneur
Group Icon
Elite
5,626 posts

Joined: Nov 2004
From: Klang, Selangor


QUOTE(CYNGGGG3318 @ Jul 18 2019, 12:47 AM)
Hi,

Newbie here, would like to know if anyone here tried to apply business loans with Funding Societies Malaysia or named as Modalku Ventures Sdn Bhd.

Intended to apply RM7000.00 for my startup business.

Would like to get some advise from here?

Thank You!  biggrin.gif
*
For RM7k, you would've better luck to just take that amount off your credit card la.
Approval in 2-3 days if your record is clean with low interest rate.
TSCYNGGGG3318 P
post Jul 18 2019, 03:40 PM

New Member
*
Probation
6 posts

Joined: Jul 2019


QUOTE(ratloverice @ Jul 18 2019, 02:06 AM)
It’s easier to apply through FS Bolt but the interest rate could be as high as 18% pa and the maximum amount of financing is 50k. I applied for 50k and FS approved it within 48h.

Fundaztic is probably a better option.
*
I see I see. Alright, will look through it as well. thank you so much! biggrin.gif
TSCYNGGGG3318 P
post Jul 18 2019, 03:41 PM

New Member
*
Probation
6 posts

Joined: Jul 2019


QUOTE(Jordy @ Jul 18 2019, 03:33 PM)
For RM7k, you would've better luck to just take that amount off your credit card la.
Approval in 2-3 days if your record is clean with low interest rate.
*
Hurmmm, don't really have a credit card tho. but anyhow, thank you for your advice. biggrin.gif
ratloverice
post Jul 18 2019, 03:52 PM

Enthusiast
*****
Junior Member
804 posts

Joined: May 2010
QUOTE(CYNGGGG3318 @ Jul 18 2019, 03:40 PM)
I see I see. Alright, will look through it as well. thank you so much! biggrin.gif
*
How about personal loan from banks? The interest rate is much lower.

QUOTE(CYNGGGG3318 @ Jul 18 2019, 03:41 PM)
Hurmmm, don't really have a credit card tho. but anyhow, thank you for your advice. biggrin.gif
*
Ehh I thought that you're applying for 70k... For 7k, you can try microleap. It's a new platform. Do note that these p2p financing platforms charge a certain percentage of the total financing amount as the origination fee upon disbursement of the loan. If you apply for 7k and it is successfully funded, the amount disbursed to you will be lower than 7k, probably 6.3k - 6.6k.

Have you started running the business yet?

This post has been edited by ratloverice: Jul 18 2019, 03:53 PM
TSCYNGGGG3318 P
post Jul 22 2019, 06:19 PM

New Member
*
Probation
6 posts

Joined: Jul 2019


QUOTE(ratloverice @ Jul 18 2019, 03:52 PM)
How about personal loan from banks? The interest rate is much lower.
Ehh I thought that you're applying for 70k... For 7k, you can try microleap. It's a new platform. Do note that these p2p financing platforms charge a certain percentage of the total financing amount as the origination fee upon disbursement of the loan. If you apply for 7k and it is successfully funded, the amount disbursed to you will be lower than 7k, probably 6.3k - 6.6k.

Have you started running the business yet?
*
Yea, my business is started like 4 months ago. I have tried the fundaztic, not sure if is successful. But will go through for the platforms you've mentioned.

Nah, I don't think I am eligible for personal loan also tho.
TSCYNGGGG3318 P
post Jul 22 2019, 07:43 PM

New Member
*
Probation
6 posts

Joined: Jul 2019


I have applied the Fundaztic, but the 1st application was rejected and say will be proceeding for 2nd review. Hmmm...
audio technica
post May 25 2020, 10:30 AM

Getting Started
**
Junior Member
173 posts

Joined: Oct 2012
just go to the bank bro lol

 

Change to:
| Lo-Fi Version
0.0126sec    0.66    5 queries    GZIP Disabled
Time is now: 28th March 2024 - 05:14 PM