InvestSMART

Fundlater repayments

You will be provided with a BPAY biller code and reference number to make your payments.

You will also receive email and text notifications when each instalment is due.

You may wish to set up a recurring payment through your bank using their banking platform or manually make payments when they are due. You will need to contact your bank should you need assistance with their platform.

No, at the moment the only payment facility available is BPAY.

You may wish to set up a recurring payment through your bank using their banking platform or manually make payments when they are due. You will need to contact your bank should you need assistance with their platform.

The minimum amount is $325 per month. You can pay your Fundlater non-recourse loan off quicker if you want.

It's important to always communicate with us if you cannot meet an instalment.

If you don't make one of your monthly payments of $325, we will send an email reminder on the 1st, 5th, and 9th days following the missed payment. 

If the payment has not been received 10 days after your monthly payment due date, InvestSMART will sell all securities within your portfolio. 

You will receive back the portfolio value minus the outstanding instalments.

If, for whatever reason, you will not be able to pay your instalment on the payment date, please contact us as soon as possible.

You can make multiple payments throughout the month as long as the total for the month adds up to or exceeds $325.

You have 20 months (20 instalments of $325) from your account opening date. You can pay off your loan earlier.

Related topics

No.

There is a maximum of one Fundlater non-recourse loan per investor.

You can either have an InvestSMART Professionally Managed Account using a Fundlater non-recourse loan in your name as an individual or an account in joint names.

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
  • individual trustee and joint trustees for a child

Yes. 

Investors must be over the age of 18. However, there is no maximum age limit. 

Adults can open a Fundlater account as trustees 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.

Key Points:

  • The minimum amount you need to provide is $4,000.

  • The maximum amount InvestSMART will loan is $6,000.

Explanation:

Yes, you can fund with any amount, minimum $4,000, and still be credited $6,000 or less if you desire.

Each investment portfolio requires $10,000 so as long as this total is met, you can alter the amounts.

For example, you can fund with $5,000 and be credited $5,000 or fund with $7,000 and be credited $6,000.