Once your lender account is active, we hope you are excited to start funding. Follow the steps detailed below:
Login to your account here
Enter the page “Find Loans” to search for funding opportunities. You can fund loans that still have a “Funding” status.
Click on the right side of loan ID/code (pdf file) to evaluate the loan’s factsheet, which details information on the borrower’s business.
Enter the amount you would like to fund on the “Amount” column then tick on the statement of funding confirmation. Minimal amount of funding starts from Rp 100.000,- per loan, while maximum amount of funding per loan depends on loan size (we want more lenders to have an opportunity to participate in the crowdfunding).
Click “Funding Confirmation” to approve loan funding.
Loans would only show on the “Find Loans” page with the status “Pre-CF (Pre-Crowdfunding)”, “Crowdfunding Now” and “Complete”, which includes several loan products.
You can view all daily allocated funding information (including through the Planned Funding feature) on the “Your Funding Today” tab.
We would publish a factsheet around 2 hours prior to the crowdfunding process so you can evaluate the loan that is on offer. Once your account is active, you would receive an email and a notification that a loan has entered “Pre-CF” status. This is also the period when lenders can check whether a loan is aligned with their Planned Funding Criteria. You can choose to opt-out of the loan if you don’t want to be part of the Planned Funding by pushing on the “Option Out” button on the “Find Loans”menu. Our system will prioritize fund allocation for lenders who have pre-existing Planned Funding criteria that fit the loan. The loan amount we open for Pre-CF (manual funding) is around 20%-80% of the total offered loan amount (not the entire loan value).
Crowdfunding Now Status
When a loan is in this status, you can manually allocate your funding. Loans in this status will go through a crowdfunding process for up to 5 days or until the loan is fully funded. There will be times when loans of smaller value would be fully funded in a matter of minutes. To counteract this, we have a Planned Funding feature. By activating the feature, our team will allocate your funds before the loan is available on our platform. Our team would also try to optimize the number of lenders who can participate in funding the loan by making a minimum to maximum funding range.
Once a loan is fully funded, it usually takes 5-7 business days to disburse funds to the borrower (depends on loan product type). When status is completed, loan status will change from “Success” on the “Find Loans” page to “Ongoing Loans” on the “Portfolio” page.