Interest Rates and Fees
Transparent. With no extra charges.
No charges will apply on registration and loan application. Fees are charged only when loan is fully funded by the Lenders. For the prospective borrowers, learn beforehand about any fees that will be charged upon loan disbursement.
Meanwhile for prospective lender, you will not be charged with any fee and will receive the payment of principal and interest in full.
Interest rate charged measures level of risk inaugurated during credit scoring performed by Investree Analyst Team. After the prospective Borrower submits loan application, Investree will conduct credit assessment on all information submitted by prospective Borrower. The result of analysis will provide loan grade to determine interest rate and fee charged to Borrower.
What are the stages of the process?
1. Loan application
To submit loan application, the prospective Borrower must complete form containing required data as a perquisite for borrowing.
2. Information Assessment
We select, assess the information provided, and assign credit grade on the loan proposed by prospective Borrower.
3. Loan Approval
After assessment, we will offer the Term Sheet regarding the detail term and condition on the loan that subject to approval from prospective Borrower.
4. Loan Offering
The Loan is offered on the marketplace, funded by lenders and the money disbursed to the borrower.
Risk Grade with Investree
|Invoice Financing||Per Annum||Risk|
|A1++||12 %||Low Risk|
|A1+||13 %||Low Risk|
|A1||14 %||Low Risk|
|A2||16 %||Low Risk|
|A3||18 %||Low to Medium Risk|
|B1||16 %||Low to Medium Risk|
|B2||18 %||Medium Risk|
|B3||19 %||Medium to High Risk|
|C1||18 %||Medium to High Risk|
|C2||19 %||High Risk|
|C3||20 %||High Risk|
|Employee Loans||Per Month||Risk|
|A1||0.90 %||Low Risk|
|A2||0.95 %||Low Risk|
|A3||1.00 %||Low to Medium Risk|
|B1||1.10 %||Low to Medium Risk|
|B2||1.20 %||Medium Risk|
|B3||1.45 %||Medium to High Risk|
|C1||1.70 %||Medium to High Risk|
|C2||1.95 %||High Risk|
|C3||2.20 %||High Risk|
Investree charges a Platform Fee of 3% - 5% depending on the loan grade granted to each loan application. The price will be charged automatically once the loan is withdrawn by the Borrower.
Late Payment Fee
If the Borrower experiences any delay in paying off their loan, meaning not in accordance with the prescribed schedule, Investree will charge a daily fee for each day of delay.
This applies especially for Employee Loans, Investree requires Borrowers to participate in the credit life insurance scheme, which serves to take over Borrowers' liabilities to Lenders in unforeseen circumstances.
Loan Cancellation Penalty
Investree will impose a penalty if the Borrower cancels their loan. If the cancellation of the loan is made after Lenders have committed, the Borrower is subject to a penalty of 1% of the loan amount or a maximum of IDR 2,500,000 plus 50% of the interest value, effective from the date of cancellation up to the maturity date of the loan. Conversely, if the loan cancellation is carried out before the Lenders participate, the Borrower will not be liable, and the participation of each Lender will be refunded. This penalty applies to Business Loans and Employee Loans.
Early Repayment Penalty
Investree does not impose a penalty on early repayment for the Business Loans product, but the Borrower is under obligation to pay the nominal interest agreed at the beginning as a form of commitment to the Lender. Accelerated payment penalties will only be charged to Borrowers for the Employee Loans product at two months' interest.