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Loan repayments
Loan repayments
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How do you calculate loan repayments?

Loan repayments are calculated based on loan amount, tenor, and interest rate. Repayment method is done through monthly loan installments.

Monthly repayments are calculated using the following formula:

Monthly installment = (total loan amount + total loan interest) / tenor

For example, if you borrow Rp 50 million with an interest rate of 15% p.a. and a tenor of 24 months, then you must pay a monthly installment of Rp 2.395.834,-

Is it mandatory to have a Personal Guarantor (PG) for loans?

Yes, you must at least have 1 Personal Guarantor (PG).

When does loan repayment begin?

If loan funds were disbursed before or on the date of 15th, then the first loan installment would be due on the 1st of the following month.

If funds were disbursed after the date of 15th, then the first loan installment would be due on the 15th of the following month.

Can a borrower submit loan installments before the due date?

Yes, but loan installment amount remains the same.

For post-loan agreement services, how would borrowers contact Modalku?

Borrowers can contact us through 2 ways: by emailing us at or by our Live Chat feature on our website, which is active Monday to Friday, 09.00-17.30 WIB.

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