There is an Initial minimum of £1,000 that must be invested in a Select Invest or Select Invest IFISA deal to become a Kuflink investor.
Process to 21st August 2023
- The Initial minimum of £1,000 must be made on a single deal as a single transaction.
- The only time a user will have their investment minimum reset is if they withdraw from a Reserve deal before it is fully funded, or the deal is aborted.
- The new Initial Minimum amount for new Investors is £1,000 from 10th July 2023.
- Thereafter, you can do a minimum investment which is shown on each Select Invest deal which allows you to earn a minimum of £0.01 interest in the month of investing.
- As an example, in order to earn a minimum of £0.01 interest in the month of investing, on the first day you may earn that penny on a £2 investment, somewhere in the middle of the month you may need to invest a minimum of £28-£30, while on the last day, it will be more like the £60 investment. Again, this is just an example and for different deals, it will be other minimum amounts.
- The maximum would be the total loan(s) available on the platform.
Process after 21st August 2023
- The Initial minimum of £1,000 must be made on a single deal as a single transaction.
- The only time a user will have their investment minimum reset is if they withdraw from a Reserve deal before it is fully funded, or the deal is aborted.
- The new Initial Minimum amount for new Investors is £1,000 from 10th July 2023.
- On all Select Invest investments after the initial investment, there will be a minimum investment for investors of £500.
- The maximum would be the total loan(s) available on the platform.
Updated 21st July 2023