Frequently Asked Questions

Q: What is the average Factoring cost for my company?

A: The average cost for Factoring is generally between 1.5%-2.5% per month

Q: Is there Application fee for this factoring facility?

A: Yes, but it is only payable if you receive a successful offer from us

Q: How much of my invoice will be advanced?

A: Advance is usually 80% of the invoice amount

Q: Will Planworth notify my customers?

A: We offer both notified and non-notified factoring arrangement that will suit your needs

Q: What happens if my customer does not pay?

A: If the customer does not pay, you will have to make repayment to Planworth for the amount advanced.

Q: Is Planworth regulated by MAS?

A: No, we are not regulated by Monetary Authority of Singapore (“MAS”). Factoring is not regulated under MAS.