Frequently Asked Questions
How to be a Lender on Bluecell Platform?
You may register a lender account at https://bluecell.sg/register. Approval may take up to 1-2 working days, subjected to our KYC process. You will be notified via email for any status update of your registration.
How do I receive applications from borrowers?
You will need to create your lending facility with product details and basic requirements under Facilities, subsequently you will be notified via an email when an application is submitted to you, log on to Bluecell Platform for the application details and the approval process can be done on Application Centre.
What types of lending facilities can be created?
At this moment, only Business Term Loan is available, but you may create more than one facility with different facility names, features, credit preference and sets of required supporting documents for your easier application management. More lending features will be coming your way soon!
How does Bluecell prevent fraud?
Bluecell platform strives to minimise the probability of fraud through 3rd party integrations such as Accounting Software company, ACRA, IRAS etc. However, approval of the loan will still be based on your own due diligence and credit policy.
Will Borrowers be notified of the application status if I approve or reject the application?
Applicants will be notified via the platform and email for any status update of their on-going application submitted to you.
Can I contact Borrowers or Loan Consultants directly?
Yes, all authorised contact details are provided in the application for your further engagement. Moreover, Bluecell aims to provide a better communication experience within our platform.
