Updated July 14, 2025
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Terms & Conditions
Annual Interest Rate
Max Loan Amount
Processing Fee
Funding 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%, making it highly predictable for businesses to calculate borrowing costs. Unlike variable rates, this fixed rate provides cost certainty, especially important for short-term cash flow planning.
Flexible Loan Amounts
SMEs can apply for loans ranging from small sums to a maximum of S$500,000, providing flexibility based on capital requirements. This range supports various operational needs—from inventory restocking to urgent invoice financing.
Short-Term Commitment with Max Tenure of 12 Months
With a maximum loan tenure of 12 months, this P2P loan is ideal for short-term financing strategies. It allows businesses to avoid long-term debt while addressing immediate working capital demands.
Reasonable Processing Fees
The processing fee varies between 3% to 8% depending on borrower profile and creditworthiness. These fees are typically deducted upfront and should be considered when evaluating net disbursed funds.
Minimum Business Requirements
To qualify, businesses must have a minimum turnover of S$100,000 and at least 1 year of incorporation. These low entry thresholds make the loan accessible to a wide range of SMEs and startups with proven operations.
Processing Fee
Funding Societies charges a processing fee ranging from 3% to 8%, depending on your credit profile and business risk assessment. This fee is deducted from the approved loan amount before disbursement, meaning the net cash received may be lower than the principal amount granted.
Annual Fee
Unlike traditional financial institutions, Funding Societies imposes no annual fee, making it cost-efficient for short-term borrowers. This helps businesses avoid recurring charges and better control financing overheads.
Penalty Fee
There is no penalty fee for early repayment or contract termination. This gives SMEs the flexibility to repay the loan early without incurring extra costs—ideal for businesses with fluctuating revenue streams.
Late Payment Charges
While there are no standard penalty fees, late payments may still incur additional charges depending on the severity and frequency of default. Borrowers are advised to make timely payments to avoid potential fees or adverse effects on their credit history.
Total Loan Cost Transparency
For reference, a loan of S$100,000 over 5 months results in a total repayment of S$108,250, inclusive of S$8,250 interest and excluding the upfront processing fee. This transparency helps businesses plan repayments precisely.
| Lender | Annual Interest Rate | Processing Fee | Annual Fee | Monthly Repayment |
|---|---|---|---|---|
| Anext | 7% | 1% or S$200 whichever is higher | $0 | $2,970.18 |
| DBS | 6% | 1% | no | $2,899.92 |
| Maybank | 7% | 1-2% | $2,970.18 | |
| OCBC | 7.5 % | 1-2% | no | $3,005.69 |
| Orix | 8.5 % | 1-2% | no | $3,077.48 |
| Ethoz | 9 % | 1.25% | One time off $1,500 Commitement Fee | $3,113.75 |
| Funding Societies | 9.6 % | 7% | $3,157.61 | |
| SCB | 10.88 % | 1-3% | $288 | $3,252.39 |
* Rates Updated 14 Jul 2025 - Loan Amount Example S$150,000 In 5 Years
Business Incorporation
The company must be registered and operating in Singapore for at least 1 year.
Minimum Annual Turnover
A minimum revenue of S$100,000 is required to demonstrate financial viability.
Corporate Entity Status
Sole proprietors, partnerships, and private limited companies are eligible, provided they are officially registered with ACRA.
Singapore-based Operations
The applicant’s principal business activities and revenue should be based in Singapore.
Start your loan application journey with our quick online application multistep form—it takes just 30 seconds to complete. Our advanced technology and expert loan specialists work together to match you with suitable options on our platform
Our team will reach out requesting the following necessary documents: company registration information, bank statements, financial reports and your IC/FIN details.
Our dedicated customer success team will carefully examine your application, contacting you if any additional information is required. Once we’ve verified your details, we’ll begin the process of matching you with appropriate lenders and loan options.
Compare loan offers in real-time through your application dashboard. Our customer success team is available to discuss loan details.
Once you’ve agreed on the loan terms and signed the contract, you’ll receive a copy of the agreement. This document will outline your monthly payment schedule. Your funds will then be disbursed either in cash or via bank transfer.
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.
