Danakini

Danakini P2P lending platform

Danakini is an information technology-based peer-to-peer lending service application published by PT Dana Kini Indonesia which is safe, because it is licensed and supervised by the Financial Services Authority (OJK) (KEP-46/D.05/2020) and the Fintech Funding Association Together with Indonesia (AFPI).

LIMITS FEATURE
Danakini is supported by a limit feature to make it easier for customers to fulfill needs such as cash loans and installments for purchasing goods.
• Limit: Min.2 million & Max.30 million
• Document Requirements: Salary slip/bank statement

PRODUCT:
1. Paylater Danakini - nowPay
Instant installments for purchasing goods for customers who already have a limit. Just scan the QR code then pay.
• Loan amount: Min. 200 thousand & Max. 30 million
• Tenor: 3-12 months
• Interest: 2.25% - 2.75% flat per month (Max. APR 33%)
• Admin fee: 0

Simulation example:
Loan of 1 million with a tenor of 3 months, then:
Loan principal: IDR 1,000,000
Monthly interest: 2.25%*IDR 1,000,000 = IDR 22,500 (APR 27%)
Monthly Installments: IDR 1,000,000/3 + IDR 1,000,000*2.25% = IDR 355,833

Total Interest: IDR 1000,000*2.25%*3= IDR 67,000
Total Refund: IDR 1,000,000 + IDR 1000,000*2.25%*3 = IDR 1,067,000


2. Cash Loans for Employees -kiniFlexi
Especially for registered company employees
• Loan amount: Min. 3 million & max. 100 million
• Tenor: 3-24 months
• Monthly Interest: 1% flat per month for tenor 1-12 months & 1.25% flat per month for tenor 13-24 months (max. APR 15%)
• Admin fee: 100 thousand

Simulation example:
The loan value is 3 million with a term of 12 months, then:
Loan principal: IDR 3,000,000
Funds received: IDR 2,900,000 (minus admin fee of 100 thousand)
Monthly interest: 1%*IDR 3,000,000 = IDR 30,000 (APR 12%)
Monthly Installments: IDR 3,000,000/12 + IDR 3,000,000*1% = IDR 280,000

Total Interest: IDR 3,000,000*1%*12= IDR 360,000
Total Refund: IDR 3,000,000 + IDR 3,000,000*1%*12 = IDR 3,360,000

3. Installments without a credit card - KiniCintaku
Credit card replacement product for installments for purchasing goods at Danakini merchants
• Loan amount: Min. 1 million & Max. 100 million
• Tenor: 6-24 months
• Monthly interest: starting from 1.99%-2.99% flat per month depending on the type of product purchased (Maximum APR 35.88%)
• Down Payment: 10% of the item price
• Admin fee: