Frequently Asked Questions

1.Who can provide funding through Investree Syariah?

All Indonesian citizens (WNI) aged 17 and over. The validity of a person's identity is to be proven using their resident identity card (KTP) and their taxpayer identity number (NPWP). Meanwhile foreign citizens must prove their identity using their passports and Indonesian bank account details.

2.What are the minimum and maximum amounts that can be lent for funding on Investree Syariah?

The minimum sum that can be placed through Investree Syariah is quite low at just IDR.5,000,000 with increments of IDR.1,000,000 for Sharia Invoice Financing. This means that anyone can lend on Investree. Meanwhile, the nominal maximum sum is IDR.100,000,000 for each financing offer to be funded through Investree Syariah.

3. Why are restrictions imposed on the amount of funding?

Restrictions on the amounts of loan funding are in place to encourage Lenders to diversify their funding portfolios. By spreading the investments across multiple loans, you have the opportunity to reduce the risk of loss if the Borrower fails to keep up repayments or defaults.

4. What costs will arise from funding on Investree?

Currently there are no charges to individual Lenders in Investree. However, for Lenders who registered their bank account other than CIMB Niaga or Danamon, interbank transfer fee will be applied.

5. How does the auto-withdrawal mechanism for your idle Cash-in-Hand funds that has exceeded 2x24 hours would be carried out?

To comply with P2P Lending regulators, Investree imposes an auto-withdrawal policy for idle funds that has exceeded 2x24 hours or 2 (two) working days on your Cash-in-Hand. The refund process will be carried out every Monday, Wednesday and Friday by returning your Cash-in-Hand funds to your registered bank account. Interbank transfer fee will be applied for non CIMB Niaga or Bank Danamon registered bank account.

6. If I received a repayment on my Cash-in-Hand or adding more funds on Tuesday & Thursday, will the newly added funds be returned on Wednesday & Friday?

Any additional balance on Cash-in-Hand received by Tuesday and stay inactive for more than 2 working days, then auto-withdrawal will be done automatically by system on the following Friday. The same process will be applied when this happens on Thursday, auto-withdrawal will be automatically processed by system on the following Monday.

7. How should I optimize the usage of my Cash-in-Hand fun?

As an anticipatory step if you don’t want your CIH funds to be returned to your bank account, you may choose to use your CIH funds by lending other financing in Investree marketplace, or you may opt to buy Reksa Dana for Lender (mutual funds) through Investree platform. You will still be able to choose mutual funds when you need to provide funding to other financing in Investree marketplace.

8. I have bank accounts only at conventional banks. What happens if I want to become a Lender for Sharia financing?

After your application to become a Lender is approved, you will automatically possess a virtual account (VA) at our partner sharia bank. The VA itself is a bank account which we provide for you to use as your Cash-In-Hand (CIH) account to hold your funds, manage the funding you wish to pursue going forward, and receive your returns from the repayments made by Borrowers.

9. When can I collect my profits?

At the end of the funding period, you will receive a repayment comprising the amount you channeled as Sharia Financing to the Borrower. Alongside your return, you will also collect profit in the form of the fee or ijarah according to your Aqad Wakalah Bil Ujrah.
All the funds you receive will be transferred to your CIH account.

10. Is it safe to provide funding through Investree?

Yes. First of all, Investree is serious in upholding the value of transparency by incorporating information about Borrowers plus the loan's terms and conditions in the marketplace.
Secondly, Investree will conduct assessment, selection, and approval on all prospective Borrowers along with their loan applications using its cutting-edge credit-scoring system, ensuring that only high-quality loans will be offered to Lenders.
Thirdly, for invoice financing products, Investree will only receive invoices from credible companies / institutions / agencies.
Fourthly, all funding traffic is managed tightly by Investree in cooperation with our partner banks.
And finally, since the 31st May 2017, Investree has been registered with and monitored by the Indonesian Financial Services Authority (OJK). With particular regard to Investree Syariah services, on 23rd August 2017, Investree was given a letter of recommendation and appointment by the Sharia advisory team from the National Sharia Council of the Indonesian Council of Ulema (DSN-MUI) through Certificate No. U-492/DSN-MUI/VIII/2017.

11. Can Lenders get access  to information on Borrowers?

Investree is committed to maintaining the confidentiality of the Borrower's identity and personal data, which means only demographic and financial information will be shared with the Lender. Such information can be used to analyze the level of funding risk for the loan on offer.

12. What are the risks with lending through Investree?

While Investree takes quantifying steps to help mitigate risks during the application and loan approvals' processes, the worst case 'scenario' may occur and therefore needs to be taken into consideration. We advise you to consult a financial adviser before making any decision. The biggest risk that may occur with peer-to-peer lending is if the Lender does not recover his or her funds plus the fee or ijarah on the wakalah service rendered due to failure of repayment.

13. What happens if the Borrower fails to keep up repayments?

To minimize the risk of default, Investree—as previously described—will conduct assessment, selection, and approval using its cutting-edge credit-scoring system against each proposed loan. Once the Lender's funds are disbursed to the Borrower, Investree will also carry out monitoring to ensure that no misuse of any funds provided takes place, and that repayments can be made on time.
If Borrower fails to keep up repayments, Investree will take immediate action to protect the Lender's interests through the disbursement of the guarantee.

14. Will I receive ujrah for late repayment from the borrower?

For sharia financing, Lenders will not receive ujrah for late repayment from Borrowers.

15. Is the ijarah wakalah income earned from financing loans via Investree tax free?

Income earned by the Lender from a Borrower registered as a Limited Company (PT) is subject to tax on earnings under Income Tax Article 23. Article 23 Income Tax (PPh) refers to the tax withheld on earnings derived from capital (dividends, interest, royalties, etc.), delivery of services, or other activity beyond those withheld under Income Tax Article 21.

16. Will I be given proof of withholding tax deductions?

Yes, you will get proof of tax withheld by the Borrower whose loan you have funded. Investree will facilitate soft copy access to any proof of tax deductions provided by  the Borrower.

17. Who will pay my taxes? Who is obliged to pay tax on interest from financing?

In accordance with the provisions under Income Tax Article 23, any withholder of Article 23 Income Tax must be a domestic tax entity subject, where in this case the Borrower takes the form of a Limited Company.  The Borrower is therefore construed as the party under obligation to pay or to deduct tax on any wakalah income.

18. Is the withholding tax final?

No.

 

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