For a limited time only, DanaRupiah, a short-term loan provider based in Indonesia, is offering a cashback for investors on Mintos!
For Notes with a remaining term of 21 days or more, you can earn a cashback of:
- 0.5% for investments in Notes between €50.00 and €100.00 (cumulative)
- 1% for investments in Notes of €100.01 or more (cumulative)
This offer is valid from 24 October to 6 November 2022.
To qualify for the cashback bonus, you’ll need to enroll in the campaign and invest a minimum of €50.00 (cumulative) into Notes for DanaRupiah.
As of 24 October, there’s more than €1,5m of qualifying Notes available on Mintos with interest rates of 15-16%.
Only investments made on the Mintos Primary Market via manual investments or custom automated strategies qualify. Investments made before enrolling or made via Diversified, Conservative, or High-yield strategies are not eligible. The cashback will be credited to your Mintos account within 10 business days from the end of the cashback campaign. See full terms
Notes for DanaRupiah are listed on Mintos in EUR. The original currency in which the underlying loans were issued is the Indonesian Rupiah (IDR). The company has full currency hedging in place.
At the time of the cashback launch, 75,6% of listed DanaRupiah loans (via Notes and claims) on Mintos are current. The company has no payments that have been pending longer than the normal settlement period of 8 days. For changes in the status of pending payments, see Loan statistics.
Founded by the Weshare Group and headquartered in Jakarta, Indonesia, DanaRupiah is an early market entrant that is contributing to financial inclusion in Indonesia.
DanaRupiah provides fast and secure financial solutions to customers in Indonesia, thanks to its intensive investment in advanced technologies and risk modeling. DanaRupiah is monitored on a monthly basis by the industry regulator, The Financial Services Authority (OJK) of Indonesia, and is a member of the industry association AFPI.
A key competitive advantage of DanaRupiah is the financing of underbanked customers in Indonesia and its ability to underwrite, score, and evaluate the underlying security (in this case, the vehicle) quickly.
The company provides short-term loans and installment loans to its customers via its mobile app. Short-term loans range from IDR 90 000 to IDR 11 500 000 for a term of up to 90 days, and the annual percentage rate (APR) ranges from 24% to 146%. Installment loans range from IDR 900 000 to IDR 27 000 000 for a term of up to 180 days, and the APR ranges from 24% to 210%.
Loans are issued in Indonesian Rupiah (IDR) and are distributed to the customer’s bank account via the Servicer. The option to extend the repayment period is not offered to its customers.