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Terms & ConditionsAnnual Interest Rate
Max Loan Amount
Processing Fee
Monthly Repayment
Apply NowFunding Societies is a leading digital financing platform in Southeast Asia, specializing in Peer-to-Peer (P2P) lending for SMEs. Backed by regional financial institutions and licensed by the Monetary Authority of Singapore (MAS), Funding Societies offers flexible working capital loans to small and medium-sized enterprises through a simple and accessible online application process.
Their peer to peer loans are designed for business owners seeking fast and short-term financing without the traditional restrictions imposed by banks. With a monthly interest rate of 1.65% and no annual fee or lock-in period, this loan is suitable for businesses looking for accessible funding with transparent terms. The maximum loan amount is S$500,000, with repayment terms of up to 12 months.
Borrowers can expect straightforward loan structures and a digital-first experience. A sample loan of S$100,000 over 5 months results in a total repayment amount of S$108,250, including S$8,250 in total interest, with monthly installments of S$21,650. Processing fees range from 3% to 8%, depending on the business profile and creditworthiness.
Overall, Funding Societies P2P loan offers a competitive and accessible alternative to traditional financing, particularly well-suited for SMEs with at least 1 year of incorporation and a minimum annual turnover of S$100,000.
Monthly Interest Rate
Funding Societies offers a flat monthly interest rate of 1.65% which makes it highly predictable for businesses to calculate borrowing costs. Unlike variable rates this fixed rate provides cost certainty which is especially important for short-term cash flow planning.
Flexible Loan Amounts
SMEs can apply for loans starting from smaller sums up to a maximum of S$500,000, giving them flexibility to match capital requirements. This range supports a wide variety of operational needs from inventory restocking to urgent invoice financing.
Short-Term Commitment with Max Tenure of 12 Months
The maximum loan tenure is 12 months which makes this P2P loan suitable for short-term financing strategies. It enables businesses to avoid long-term debt while still addressing immediate working capital needs.
Reasonable Processing Fees
The processing fee ranges between 3% and 8% depending on borrower profile or creditworthiness. These fees are usually deducted upfront so they should be factored in when calculating the actual amount disbursed.
Minimum Business Requirements
To qualify, a business must have a minimum turnover of S$100,000 with at least 1 year of incorporation. These low entry requirements make the loan accessible to a wide spectrum of SMEs and startups that have already established proven operations.
| Lender | Annual Interest Rate | Processing Fee | Annual Fee | Monthly Repayment |
|---|---|---|---|---|
| Anext | 7%-10% | 1% or S$200 | No | $2,970.18 |
| DBS | 7% | 1% | No | $2,970.18 |
| Maybank | 7%-10% | 1-2% | No | $2,970.18 |
| OCBC | 7% | 1-2% | No | $2,970.18 |
| Orix | 8.5 % | 1-2% | No | $3,077.48 |
| Ethoz | 7-10% | 1.25% | One time off $1,500 Commitement Fee | $2,970.18 |
| Funding Societies | 9.6 % | 4% | No | $3,157.61 |
| SCB | 9.00 % | 1-3% | $288 | $3,113.75 |
* Rates Updated 12 Jan 2026 - Loan Amount Example S$150,000 In 5 Years
Begin your application by visiting the ROSHI marketplace and navigating to the Funding Societies loan product. Use the integrated application form to initiate your request directly through the platform.
Complete the online form with your company’s legal name, UEN (Unique Entity Number), incorporation date, annual revenue and funding needs. This step enables preliminary eligibility screening based on business tenure and turnover.
You will be prompted to provide the following documents for verification and credit evaluation:
– ACRA Business Profile
– Latest 6 months of company bank statements
– NRIC or identity documents of directors/shareholders
– Financial statements or management accounts (if available)
These documents are essential for determining creditworthiness and aligning loan terms with your risk profile.
Once submitted, your application will be reviewed and most businesses receive conditional approval within 1–2 business days. If approved, you will receive a loan offer with specified interest rate, tenure and repayment schedule.
Upon accepting the offer and signing the agreement digitally, the loan amount (net of processing fees) will be disbursed to your designated corporate bank account. Disbursement typically occurs within the same day of acceptance, subject to cut-off times.
Most applications are reviewed and approved within 24–48 hours, with funds disbursed as quickly as same-day upon acceptance.
Fixed monthly interest rate of 1.65%, allowing businesses to calculate their total cost of borrowing upfront with no hidden fluctuations.
Borrowers benefit from S$0 annual fee and no penalty for early repayment, supporting flexible financial planning.
Loans of up to S$500,000 with a maximum tenure of 12 months, suitable for working capital and cash flow management.
With tenure capped at 12 months, monthly repayments may be high for some SMEs depending on loan amount (e.g., S$21,650/month for S$100,000 over 5 months).
Approval still depends on internal credit evaluation and some applicants may receive adjusted loan terms or lower loan amounts than requested.
