Robo.cash updates its offer from Singapore!
We are happy to announce the changes in the product line on Robo.cash! The loan originator from Singapore, Robocash PTE Ltd. has updated its offer of commercial loans. The products will be introduced on the platform gradually starting from February, 2020.
The new offer will include:
-Commercial loans with a maturity period of 90 days and annual interest rate of 10%;
-Commercial loans with a maturity period of 180 days and annual interest rate of 10.5%;
-Commercial loans with a maturity period of 365 days and annual interest rate of 11%.
All loans will be listed in EUR and secured with a 100%-buyback guarantee. The first product to be introduced will be loans issued for 90 days. The rest are expected in March, 2020, together with the launch of the secondary market for loans lasting 365 days.
We would also like to inform you about the updates regarding the Cashback Campaign. Previously, we announced that our investors could earn a bonus of 0.5% of the amount invested in Singaporean loans as of February 29, 2020 to be paid between March 2-6, 2020.
As the investments in the Singaporean company of Robocash Group are strategically important for us, we have decided to additionally reward the investors who help our business grow. In gratitude for your trust, we are increasing the cashback bonus for these loans to 1%. All other conditions of the campaign remain the same.
To get the maximum benefit from the new opportunities, we recommend you to update your portfolios setting:
- the minimum interest rate at 10% and
- the maximum repayment period - at 365 days.
In two months since launch in December 2019, the volume of funds invested in Singapore has already made up 20% of all investments on the platform. With the further expansion of Robocash Group in Southeast Asia, the share of these loans on Robo.cash will be increasing as well. Take advantage of the new options for diversification and don’t miss the chance to earn cashback already in March investing in Singapore!