Fundlater account management & repayments
No. One Fundlater non-recourse loan per investor. You can have an InvestSMART Professionally Managed Account with a Fundlater non-recourse loan in an account in your own name as an individual and an account in joint names, but you cannot have multiple accounts in your own name.
An InvestSMART Professionally Managed Account using a Fundlater non-recourse loan is only available for individual and joint accounts.
Investors must be over the age of 18. There is no maximum age limit. Currently, accounts for adults as trustee for minors is not available for Fundlater. Adults can open a standard InvestSMART Professionally Managed Account as trustee for a minor.
No, there are no credit checks. Investors will need to invest a minimum of $4,000 to fund their InvestSMART Professionally Managed Account and InvestSMART will credit their account with a further $6,000 via a Fundlater non-recourse loan.
Yes, you can fund with any amount (minimum $4,000) and still be credited $6,000 or less if you desire. For example, you can fund with $5,000 and be credited $5,000 or fund with $7,000 and be credited $6,000.