Responsible Borrowing with Cashwagon
Fill in the details on the application form.
Wait for approval
Get approved on loan amount in as fast as 30 minutes.
Receive the loan
Receive cash at your bank account in several minutes after approval
How repayment is calculated?
You can choose any amount in the range of Rp. 500,000 to Rs. 2,000,000 for your first loan (you can choose up to Rp. 5,000,000 for your second and subsequent loans) for utilisation within 12 months.
For example, you decided to take Rp. 2,000,000 for 3 months, then after first month of loan utilisation you decided to fully repay the loan. In this case your Total Repayment on the due date will constitute:
Total Repayment = Rp. 2,000,000 + Rp. 600,000
If you want to continue utilisation of the loan, then your Minimum Monthly Payment on the due date will be Rp 600,000
If our loan is right for you?
- Our loans are designed to help if you need a small amount of extra cash, for a short period of time
- A loan shouldn’t be used as a long term financial solution
- Don’t use a loan to manage existing debt
- A loan is only for short-term use and may not be the cheapest option
- Apply for a loan if you are comfortable to pay back on time, because late repayment will mean extra costs
- Read the information on the website carefully about terms & conditions (including interest rate, fees, penalties etc.), and legal consequences arising from the loan agreement if you have no knowledge and experience for lending services.
- The information technology service provider (the platform) facilitates the negotiation and online execution of loan agreement governed under applicable local laws of Indonesia.
- The loan agreement itself is to be entered between the lender and the borrower which have to assess and to bear their own risks including credit risk, overdue/default, capacity to pay debt etc.
- Credit fraud is recorded and may be visible to public in social media or other resources in the Internet.
Business Character of Fintech Lending
||10, 20, 30 days
||Collateral or Guarantors are not required
|Type of loan
||Single payment loan
||Rs. 0,5-2,0 million an amount of a first loan, and up to Rs. 5,0 million for the second and consecutive loans
||30 minutes on average
||online (through escrow account)
Expenses and Example
For the loan in the amount Rp. 1,000,000 issued for 30 days:
- Net interest income: Rs. 46,500
- Risk Assessment: Rs. 50,000
- Risk Mitigation: Rp. 200,000
- Billing (Collection): Rp. 3,500
- Legal Risk: Rp. 0