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Types of loans at KoinWorks
Three Great Reasons To Borrow With Us
Quick
Apply loan online; anytime, anywhere and get the information about your loan interest rate via email beforehand.
Accessible & Affordable
Loan in KoinWorks is a non-collateral and non-bank loan so it is easy for you to get quick loan. No penalty or any other charges for early repayment.
Reasonable Interest Rate
Every applied and approved loan is only charged with monthly interest rate as low as 0.75% - 1.67% with no hidden costs.
KoinWorks is Different From Conventional Financial Institution
Loan in KoinWorks is not as complicated as those at traditional bank.
By connecting Lenders with Borrowers, KoinWorks increases the level of effectivity and efficiency to the highest level.
Thus, Borrowers get the ease of access to financial needs that are certainly cheaper.
Our Loan Application
Apply for Loan Online
You can complete the loan application form in just 15 minutes.
Pre-Approval
The loan interest rate will be informed, if you agree, proceed to the next steps.
Legal Documents
Upload all of required legal documents when applying for loan.
Funding Process
Your loan will be published into our platform and the Lenders can then lend their funds.
Loan Disbursement
Your loan will be disbursed into your designated bank account.
Features Available
Security
Every data in our website is encrypted and stored on multiple servers along with its backup data which is done regularly.
Innovative
Our innovative machine learning is one of our excellences, with our the credit scoring algorithm we invented using Borrower’s data.
Flexible and Affordable
Get more flexible loan at more affordable cost compared to traditional financial institutions now.
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ATTENTION:
- The Information Technology-based Peer to Peer Lending Service is a civil agreement between Lender and Borrower, so that all risks arising from the agreement are borne entirely by each party.
- Every Lender is fully responsible for all credit risks of late or default payments. No national entity or authority is responsible for any such risks.
- The Operator with the approval of the respective Users (Lenders and/or Borrowers) accesses, acquires, stores, administers and/or uses the Users’ personal data of Users ("Data Utilization") on or inside objects, electronic devices (including smartphones or phones cellular), hardwares, softwares, electronic documents, applications or electronic systems belonging to Users or controlled by the Users, by notifying the purpose, limitations and mechanisms of the Data Utilization to the Users concerned before obtaining such consent.
- Lenders who do not have sufficient knowledge and experience on the lending business are advised not to use this service.
- Borrowers should carefully consider the loan interest rate along with other costs in accordance with the ability to pay off the loan.
- Every fraudulent activity is recorded digitally in cyberspace and may potentially be informed to the public through social media networks.
- Every User should read and understand this information before making a decision to become a Lender or Borrower.
- The Government, in this case the Financial Services Authority, shall not be liable for any breach or non-compliance by the User, either the Lender or the Borrower (either by User's intent or negligence) of the provisions of the laws and regulations or agreements or agreements between the Operator and the Lender and/or Borrower.
- Every transaction and lending activity or the implementation of the agreements on lending activity between or involving the Operator, Lender and/or Borrower shall be made through escrow and virtual accounts as required under the Regulation of the Financial Services Authority Number 77 / POJK.01 / 2016 on The Information Technology-based Peer to Peer Lending Service and the violation or non-compliance towards those provisions constitute evidence of a violation of law by the Operator so that the Operator shall bear the indemnity suffered by each User as a direct result of the above breach of the law without prejudice to the right of the User suffering loss according to the Civil Law.
