We do not charge you for setting up an account, browsing our loans, depositing, or withdrawing funds.
We charge a nominal service fee of 18% of interest earned to cover operational costs such as customer support and collections; this is inclusive of prevailing government Goods and Services Tax (“GST) imposed by Inland Revenue Authority of Singapore (“IRAS”).
E.g. If you've invested $1,000 into a one month loan of 12% p.a., service fees are at 18% of the $10 interests earned. So you will receive $8.20 of interests and $1.80 will be charged as service fees.