p2p lending platform : Funding Societies Malaysia

in #p2p7 years ago (edited)

I opened an account at this platform past May , and until now I suffered no defaults.
It offers facilities yielding up to 20% in Malaysian ringgit , charging a 2% fee on principal and a 15% withholding tax on non resident investors.
It accepts money transfers via TransferWise and you can start with as little as 1,000 ringgit.


I think in the long run it should regain its previous quote , meaning a 25% appreciation. If you sign up using my referral link http://promo.fundingsocieties.com.my/referral?r=j1t1811c we both will receive a 50 ringgit bonus. Besides earning high interest there is a good chance to earn on forex rate as ringgit is currently one of the most undervalued currencies in the world , as shown by the Big Mac index https://en.wikipedia.org/wiki/Big_Mac_Index , historically ringgit quoted 10 baht for a long time but now you can buy for only 8.

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