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Funding Societies (Modalku Ventures S/B), Need Advise on Business Loan
TSCYNGGGG3318 P
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Jul 18 2019, 12:47 AM, updated 5y ago
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New Member
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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!
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ratloverice
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Jul 18 2019, 02:06 AM
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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.
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Jordy
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Jul 18 2019, 03:33 PM
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Entrepreneur
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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! 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.
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TSCYNGGGG3318 P
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Jul 18 2019, 03:40 PM
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New Member
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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!
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TSCYNGGGG3318 P
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Jul 18 2019, 03:41 PM
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New Member
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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.
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ratloverice
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Jul 18 2019, 03:52 PM
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QUOTE(CYNGGGG3318 @ Jul 18 2019, 03:40 PM) I see I see. Alright, will look through it as well. thank you so much! 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. 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
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TSCYNGGGG3318 P
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Jul 22 2019, 06:19 PM
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New Member
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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.
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TSCYNGGGG3318 P
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Jul 22 2019, 07:43 PM
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New Member
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I have applied the Fundaztic, but the 1st application was rejected and say will be proceeding for 2nd review. Hmmm...
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audio technica
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May 25 2020, 10:30 AM
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Getting Started
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just go to the bank bro lol
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