Funding Societies Malaysia - 59200 Kuala Lumpur
3.2/5
★
based on 8 reviews
Contact Funding Societies Malaysia
| Address : | Unit 15.01 & Unit 15.02, Level 15, Mercu 3, Jalan Bangsar, KL Eco City, 59200 Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia |
| Phone : | 📞 + |
| Website : | http://fundingsocieties.com.my/ |
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Julian Lim on Google
★ ★ ★ ★ ★ Default rates artificially low by restructuring notes to delay payments by more than 1 to 2 years from the original repayment schedule.
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Moonlight Whisperer on Google
★ ★ ★ ★ ★ Used to be a great platform for investment but now the default rate is through the roof. Even though they said they did their due diligence on checking on the credibility of the issuer, do not invest large amount into 1 note or multiple note from the same company. Especially in this pandemic the default rate is super crazy high right now.
All the update notes are just notification telling you they need X amount of time to restructure/ chase back payment or follow up on the default proceedings. Useless! My money already lost! Very disappointed with this platform currently. Until they can do a better job protecting investors' interest, I am withdrawing all my capital from this platform now.
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Meng Kiat Saw on Google
★ ★ ★ ★ ★ MBBT-20070050 - DEFAULTED after 1 year of waiting. ??? investor must avoid this company at all cost. Don't be fool by the high interest, because more than half of the investment notes in Funding Societies are defaulted.
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Lolli Radpro on Google
★ ★ ★ ★ ★ It has been more than a year since I have invested in Funding Societies. Though the default rate is stated to be around 3% , I have so far 7 default loans amounting to Rm3117. As mentioned by others, the cases against the defaulters will take time. Time to me is precious and I made the decision to withdraw all my funds from funding society.
There are better ways to make money and this platform has been utterly disappointing. For those who are in my shoes, get out asap and find another way to make money.
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Boon Ping Lim on Google
★ ★ ★ ★ ★ Very High Default rate, and the calculation for the income is abit cheating as they dont deduct loss from default, stupid calculation and very high service fees plus fake ROI, I just gonna put in dividends stocks better
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Pei Ling Cheah on Google
★ ★ ★ ★ ★ Very high default rate in the past one year and making the investment too risky if compared to traditional FD. Risk high with relatively low return.
The default rate continue to be high, out of RM1500 I've invested as capital, now the default principles is a almost RM580, this is ridiculously high and risky as compared to any traditional saving and investment method.
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Xin Ying Saw on Google
★ ★ ★ ★ ★ Dear Investor, We would like to provide you with an update on the Issued Note MBBT-20070050 (“Issued Note”). Since the last update, the Bankruptcy Notice has been served and the panel lawyer has informed us that the case management date for Creditor Petition is fixed on 10 August 2022. We will update you on the progress of this case by 15 August 2022, or earlier should there be any major development. Thank you for your patience and continued support. Team Funding Societies, 4 March 2022.
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Pirevan Mohan on Google
★ ★ ★ ★ ★ High Default Rates. Close to FD rates, better off with equities / FD when you consider the risk to return ratio. The guaranteed investment product is interesting but that raises the question of the DD done when they are not guaranteed. IMO, you could get better returns elsewhere.
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