- What is Danamart?
Financial technology-based money lending services, we are here to make credit needs easier and more affordable and safer and more profitable.
- What is financial technology-based money lending service?
The implementation of financial services to bring lenders to loan recipients in order to enter into a loan agreement borrows directly through an electronic system using the internet network.
- How does financial technology-based money lending services work?
Financial technology-based money lending services are used to borrow and lend money. Where the Borrower is connected with the prospective Funder to get a loan, so the Funding will be linked to the Borrower who needs Funding.
- What are the benefits of financial technology-based money lending services for borrowers / MSME entrepreneurs?
For entrepreneurs and SMEs it aims to provide a simple and better way to get loan funds. Simple, because borrowers can take advantage of standard templates and online processes that are easy to configure loan application. Better, because the Borrower can now use financial technology-based money lending services through the internet to conduct loan fundraising.
- What are the benefits of financial technology-based money lending services for funders?
For funders, financial technology-based money lending services aim to provide a more transparent and diverse approach to funding opportunities. Every funder has access to funding opportunities on MSME loans. All information from each loan can be accessed easily through the website / platform. The minimum funding amount is low, funders have the potential to spread funding in several funding opportunities and can diversify their portfolio. In the end, funders can easily track the results of their funding, anytime and anywhere.
- Is the information and personal data provided safe?
We will store your personal information safely. Danamart will not provide personal information and data to third parties without permission and will not contact you to ask for personal data other than for complete verification.
- Does Danamart provide funds?
No, when the Funders make funding on a loan at Danamart they make funding on their chosen loan.
- Does Danamart recommend funding for certain loans?
Not. Danamart is not authorized to provide financial advice. We confirm and approve all information available on each loan, we do not make our own judgment about whether the loan is an opportunity good funding or not. We believe that the large number of diverse funders is more suitable for assessing business prospects than some professional staff.
- Is Danamart regulated by the OJK?
Danamart (PT. Dana Aguna Nusantara) is an information technology lending and lending service provider. Lending and borrowing activities at Danamart refer to regulations as regulated by the Financial Services Authority (OJK) in accordance with OJK regulations number 77 / POJK.01 / 2016.
Danamart has been registered in OJK.
Danamart has been registered in OJK.
- What is a loan?
Danamart loans are fast loans for business capital needs. Fund loans start from Rp. 100 million to Rp. 2 billion, with a tenor of 1 to 6 months.
- Who is the Borrower?
Borrowers are business entities in the form of PT / CV that apply for loans for their business needs through the Danamart website that has been verified and has gone through a process of analysis and credit scoring conducted by Danamart.
- Who can become a Borrower?
Companies / MSMEs that have formed a business entity PT / CV.
- How do you apply for a loan through Danamart?
To be approved as a borrower at Danamart you must undergo the analysis and credit scoring process and also submit company information.
- How do I get a loan?
When your loan application has been approved, your application will be available on the Danamart website to be funded by the Funders. You can check your loan funding process on the Borrowers account dashboard. If the funding progress bar has reached 100% or at least 60% in 14 days, the loan funds will be transferred to the designated account.
- What is the minimum and maximum loan that can be submitted to Danamart?
Borrowers can apply for loans starting from Rp. 100,000,000 and a maximum of Rp. 2,000,000,000
- What information / documents are needed to apply for a loan?
- Company deed
- Company NPWP
- SIUP
- Company TDP
- Owner ID Card
- Managing Director / Person in Charge ID Card
- Name & Bank account number
- SKDU
- Last 2 Years Financial Report
- Last 24 Months Bank Statement
- How long does it take to get a loan from Danamart?
The time needed to submit a loan to get a decision is 7 working days from the receipt of the complete document If the loan is approved, the loan fundraising process will be carried out for 14 days, starting after the Borrower confirms the loan collection. If before the 14 days the amount of funds has fulfilled the proposed loan, the loan fundraising process will be closed and proceed to the process of disbursing funds. If after 14 days the amount of funds has not fulfilled the loan submitted and or has not reached 60%, further discussions will be held between Danamart and the relevant Borrower.
- Does Danamart check every loan that comes in?
Yes. Each incoming loan proposal will be verified and through the analysis process and credit scoring from Danamart
- Do we have to provide collateral to get a loan?
No. Basically a loan at Danamart does not require a guarantee to be included in the loan application. However, if the Borrower includes a guarantee, it will affect credit scoring which can reduce the interest charged to the Borrower for loans submitted through Danamart
- How do I pay installments?
Your loan must be paid You can send your payment to your virtual account number. Information about your virtual account number can be seen on the borrower dashboard.
- Will the loan that has been published on the Danamart website be sure to be funded by lenders?
No. To fund a loan is entirely the decision of the Funders who will choose which loan will be funded.
- Can everyone see loan information published on the Danamart website?
All users who are approved and registered on the Danamart website / platform can view information on loans and loans issued.
- Can Danamart do promotions on the proposed loan?
No. You will be reunited to the Funder on the Danamart website. However, we do not act as promoters for each Borrower.
- Will the borrower receive direct disbursement of funds after the funder has made funding?
Yes. Borrowers are allowed to access Funding funds if they have reached the loan target amount before the end of the raising period and. If it does not reach the target loan amount, the funds are returned to the Funder.
- If the loan has been funded, how does the Borrower receive the loan money?
Dana pinjaman yang berasal dari Pendana akan diterima oleh Peminjam pada rekening yang ditunjuk Peminjam. Namun, jika jenis pinjaman adalah Purchase Order Financing, maka proses pencairan pinjaman akan dilakukan langsung ke rekening supplier yang ditunjuk oleh Peminjam. Namun, jika jenis pinjaman adalah Purchase Order Financing, maka proses pencairan pinjaman akan dilakukan langsung ke rekening supplier yang ditunjuk oleh Peminjam.
- When will the installment payment start?
One month after the loan disbursement date, in accordance with the Lending and Borrowing contract.
- Can we pay installments before the specified date?
Yes. However, payments must be made with the full installments per month.
- Can you apply for a new loan if the previous loan has not been paid off?
Yes. While the borrower has sufficient financial conditions to pay installments per month.
- What is the Invoice Financing?
Invoice financing is a loan product for business people who need fast business capital but their income is still in the form of invoices that have not been paid by the client / buyer. When the invoice is paid, the Borrower will pay the invoice financing loan with the agreed conditions.
- What is the minimum and maximum loan that can be submitted with the Invoice Financing?
Minimum Rp. 100,000,000 and a maximum of Rp. 2,000,000,000.
- How long is the tenor available for Invoice Financing?
Minimum of 1 month and a maximum of 3 months.
- How safe is the invoice financing product?
The advantage of invoice financing is the relationship that has been established both between the borrower and the client / buyer so that the risk is smaller and the element of fraud can be handled properly. Danamart still guarantees that each loan application will go through a rigorous credit assessment process. After disbursing funds, we continue to monitor the borrower and will remind the borrower to repay loans in a timely manner.
The Collection Department and / or third parties who assist the fundraising process will be prepared to seek a loan repayment. But keep in mind the risk of default (bad credit) will still be there, you can lose some or all of your funding. So we strongly recommend that you continue to do diversification of the loans we offer at Danamart.
The Collection Department and / or third parties who assist the fundraising process will be prepared to seek a loan repayment. But keep in mind the risk of default (bad credit) will still be there, you can lose some or all of your funding. So we strongly recommend that you continue to do diversification of the loans we offer at Danamart.
- Can all types of invoices / invoices be the basis for applying for a loan?
Basically, all types of invoices can be used as the basis for invoicing financing, but there are several invoices that might be the basis for proposing invoice financing, namely prospective borrowers who have a business relationship with one of the companies below, namely:
- Foreign companies
- BUMN / Government Institution
- Public Company (Tbk.)
- Conglomerate Company
- Multinational Company
- How does Danamart assess the feasibility of invoices to be funded?
Submission of invoice financing is evaluated and approved based on the criteria and testing carried out by the Danamart team. We evaluate the hard data and soft data provided by prospective borrowers and validate the data through third parties and check the field. All assessment processes will be poured into the Danamart Factsheet, that is Danamarts assessment of the Borrower and its capacity and desire to repay the loan.
- What is a Purchase Order Financing?
Buy order financing is a funding option for businesses that need cash to fulfill single or multiple customer orders. In many businesses there are cash flow problems. There will be times when there is only enough money available to cover the costs of doing business. As a result, there may be orders from clients that cannot be fulfilled due to lack of money.
But if the company diverts a purchase order because they are unable to complete the job, customer trust decreases. Therefore, to avoid that scenario, it is very important that businesses find the money they need. And because of that, buying this order financing is the best way as an alternative for financing.
But if the company diverts a purchase order because they are unable to complete the job, customer trust decreases. Therefore, to avoid that scenario, it is very important that businesses find the money they need. And because of that, buying this order financing is the best way as an alternative for financing.
- What is the minimum and maximum loan that can be submitted with a Purchase Order Financing?
Minimum Rp. 100,000,000 and a maximum of Rp. 2,000,000,000
- How long is the tenor available for Purchase Order Financing?
Minimum 1 month and maximum 6 months
- Are all types of purchase orders the basis for applying for a loan?
Basically, all types of purchase orders can be used as the basis for purchase order financing, but there are several purchase orders that might be the basis for applying purchase order financing, namely prospective borrowers who have business relationships with one of the companies below, namely:
- Foreign companies
- BUMN / Government Institution
- Public Company (Tbk.)
- Conglomerate Company
- Multinational Company
- Is there a registration fee if you want to become a funder and fund a loan found on Danamart?
Nothing.
- Are there fees charged to the Borrower if applying for a loan to Danamart and what are the costs?
Yes. The costs to be charged is a Platform commission.
- How much is the Platform Commission charged to the Borrower by Danamart?
The Platform commissions charged to borrowers vary depending on credit analysis and the Borrowers credit rating. For more details, please see the "Costs and Interest" page.
- When will the Platform commission be paid?
Before disbursing funding to the Borrower, funding from the Funder was first deducted by the Platform Commission. For more details, please see the "Costs and Interest" page.
- Who is meant by Funders?
Funders are people, legal entities, and / or business entities that provide funding to be channeled to loans issued through Danamart which are bound by Information Technology-Based Lending and Borrowing Services at Danamart.
- Who can become a Funder?
- Indonesia Citizen;
- Individual Foreigner;
- Indonesian / Foreign legal Institution;
- Indonesian / Foreign business Institution; and / or
- International institution.
- Is funding at Danamart safe?
We still guarantee that loan applications will go through a rigorous credit assessment process. After disbursing funds, we monitor and remind the Borrower to pay monthly returns in a timely manner.
- What is the minimum and maximum amount to fund at Danamart?
Funding that can be channeled starts from Rp. 1,000,000 up to Rp. 2,000,000,000 - on a loan..
- What if my borrower fails to pay?
We will continue to monitor and remind Borrowers to pay monthly returns in a timely manner. If there is a late payment, Danamart and third parties who assist the fundraising process will be ready to seek a loan repayment.
But if you do not meet the meeting point for the Borrower to repay the loan, Danamart will file a claim for the Borrowers default on insurance, because all loans issued through Danamart are basically guaranteed by insurance.
But if you do not meet the meeting point for the Borrower to repay the loan, Danamart will file a claim for the Borrowers default on insurance, because all loans issued through Danamart are basically guaranteed by insurance.
- How do I send funds to fund a loan at Danamart?
The funder must first transfer to each of the funders virtual accounts, then funds from the virtual account of the funder can be channeled to the loan chosen by the funders.
- When will I get payment from the loan?
After 1 month from the date of disbursement of the loan to the Borrower, the Funder will get an interest payment, for the loan principal will be received at the end of the loan period.
- Will information about the Borrower be notified to the Funder?
No. Referring to POJK No.77 / POJK.01 / 2017 Article 19 Number 4, Access to information as intended does not include information regarding the identity of the Borrower (Borrower).
- Who is the Partner?
Partners are those who refer the Funding Party and / or Borrower to Fund and / or Borrow through Danamart who will get a benefit in the form of commission for the Lenders / Borrower transactions that occur at Danamart.
- Who can be a partner?
- Indonesia Citizen;
- Individual Foreigner;
- Indonesian / Foreign legal Institution;
- Indonesian / Foreign business Institution; and / or
- International institution.
- What is virtual account number?
Virtual accounts provide a unique number for you to transfer funds for deposit purposes and / or installments or principal payments.
- Why must use a virtual account?
Virtual accounts are managed by the cash management bank appointed by Danamart, thus we ensure that your funds will be received by credible financial institutions, supervised and registered with the Financial Services Authority (OJK) and then distributed to pay interest payments or fund a loan.
- When do I get virtual account number?
Virtual accounts are obtained after verification of the Successful Funder and for the Borrower, after the loan has been approved.
- Is the virtual account safe to use?
Yes, virtual accounts are safe to use because information is delivered directly from the lenders bank account and banks virtual account.
- What is the minimum balance limit on a virtual account?
There is no minimum balance on the virtual account.
- What is Electronic Document?
Electronic Documents are any electronic information that is made, forwarded, sent, received, or stored in analog, digital, electromagnetic, optical, or the like, which can be seen, displayed and / or heard through a computer or Electronic System including but not limited to writing, sound, image, design map, photo or the like, letters, signs, numbers, access codes, symbols or perforations that have meaning or meaning or can be understood by people who are able to understand it as referred to in Law Number 11 of 2008 concerning Information and Transactions Electronic.
- What is the process of signing a contract for the Funder?
Funders must first sign an agreement. We will send electronic documents to the Funder when the Funding registration form data has been filled. After the electronic agreement is signed, we will carry out final verification and activate the Funding account.
- What is the process of signing a contract for the Borrower?
After the borrower passes the credit scoring process from Danamart, the borrower will get a letter of offer to issue a loan from Danamart through a registered account. After the borrower approves the letter, the fundraising process will begin. When the fundraising process is successful, the signing of the loan contract will be made directly between the borrower and Danamart.
- What is an electronic signature? And under what conditions can a person be declared as your hand? What legal basis governs it in Indonesia?
An Electronic Signature is a signature consisting of Electronic Information that is attached, associated or related to other Electronic Information which is used as a verification and authentication tool. Signatories are legal subjects associated with or associated with Electronic Signatures. Legal basis is Article 1 point 12 and 13 of Law No. 11 of 2008 on Information and Electronic Transactions (GAZETTE OF THE REPUBLIC OF INDONESIA YEAR 2008 NUMBER 58)
- Does the electronic signature have legal force and the same legal consequences as the signature on paper?
Explanation of Article 11 Paragraph (1) of Law Number 11 Year 2008 concerning Electronic Information and Transactions gives a firm acknowledgment that even though it is only a code, Electronic Signatures have the same position as manual signatures in general which have legal force and consequently law. This provision opens the widest opportunity for anyone to develop methods, techniques, or the process of making Electronic Signatures. (SUPPLEMENT TO THE STATE GAZETTE OF THE REPUBLIC OF INDONESIA NUMBER 4843).
- Can agreements made electronically be used as evidence in court proceedings? What is the legal basis?
Yes. Electronic Information and / or Electronic Documents and / or their printouts are valid legal evidence. Electronic information and / or electronic documents and / or printed results referred to above are extensions of valid evidence in accordance with the applicable procedural law in Indonesia. Exceptions to the above are for letters which according to the law must be made as deeds before a public official or made in writing. Letters which according to the law must be written include but are not limited to securities, valuable letters, and letters used in civil, criminal and state administrative law enforcement processes. The legal basis is Article 5 of Law Number 11 of 2008 concerning Information and Electronic Transactions (STATE GAZETTE OF THE REPUBLIC OF INDONESIA NUMBER 58 OF 2008).
- Does an agreement or other document that is signed without using stamp duty have legal power?
Yes, in the absence of stamp duty in an agreement letter (for example a sale and purchase agreement) does not mean that the legal action (sale and purchase agreement) is not valid, but only does not fulfill the requirements as a proofing tool. Whereas the legal actions themselves are still valid, because the validity of an agreement is not valid or not, but is determined by Article 1320-1328 of the Civil Code. If a letter that was not originally stamped and will be used as evidence in court, then the work can be done later.
If you need stamp duty for an agreement made and signed using our application, you just need to come to the post office closest to the stamp stamped after the agreement is signed (or called "nazegel").
If you need stamp duty for an agreement made and signed using our application, you just need to come to the post office closest to the stamp stamped after the agreement is signed (or called "nazegel").
- If there are other people and the person signs an electronic agreement for me, am I bound by the contents of the agreement?
Basically all forms of negligence to secure your Access Code and access to your e-mail are entirely your responsibility. Electronic System Providers are not responsible in the event of errors and / or negligence by users of the Electronic System. The legal basis is Article 15 paragraph (3) of Law Number 11 Year 2008 concerning Information and Electronic Transactions (STATE GAZETTE OF THE REPUBLIC OF INDONESIA NUMBER 58 OF 2008).
- Who are the Electronic Signature Organizers based on laws and regulations?
The Electronic Signature Operator is a legal entity that functions as a trusted party that facilitates the making of Electronic Signatures. The legal basis is Article 1 number 6 PP 82 of 2012 concerning the Implementation of Systems and Electronic Transactions.
- Note
Under this is not or can be used as a basis for tax or investment instructions. Borrowers and funders must consult with a personal tax advisor to understand the tax implications relating to the current personal situation.
- What are the tax implications for the Borrower?
For Borrowers, no applicable tax arises from the submission of a loan as long as it is recognized as a fee. However, when borrowers experience default, then the applicable tax laws are required to recognize their loans that fail to be paid as income on their tax reporting.
- What are the tax implications for Funders?
For funders, there are two optimal tax reporting methods:
- Interest income tax of 15%.
- Income tax for NET profits from investments. The first choice will be better if there is no bad credit or very minimal in your loan portfolio. While the second will be better to offset the loss from bad credit. In addition to these two options, there are still other ways to incorporate this income into your tax reporting. We recommend funders to consult a tax consultant to make efficient tax reporting.
- Is interest income earned from loan funding at Danamart tax free?
Interest earned from the Borrower will be subject to Income Tax Article 23. Income Tax (PPh) Article 23 is tax deducted by tax collectors from taxpayers on income derived from capital (dividends, interest, royalties, etc.) delivery of services, or administration activities other than those deducted in Article 21 Income Tax.
- Will the Funder get the Proof of State Revenue / Proof of Withholding Tax?
Not. You will not get Proof of State Revenue from the Borrower that you fund.
- What are the risks that might occur in this information technology-based lending service?
- Authority Regulation
- Changes in government regulations on information technology-based lending services.
- Use and disclosure of personal data to authorized parties.
- Income tax for NET profits from investments. The first choice will be better if there is no bad credit or very minimal in your loan portfolio. While the second will be better to offset the loss from bad credit. In addition to these two options, there are still other ways to incorporate this income into your tax reporting. We recommend funders to consult a tax consultant to make efficient tax reporting.
- Risks in Funding
- The risk of default on loans in Danamart
- Borrowers make early repayments of loans.
- Late Loan Payments
- Borrowers can provide false information.
- Income tax for NET profits from investments. The first choice will be better if there is no bad credit or very minimal in your loan portfolio. While the second will be better to offset the loss from bad credit. In addition to these two options, there are still other ways to incorporate this income into your tax reporting. We recommend funders to consult a tax consultant to make efficient tax reporting.
- Loans are not transferable.
- Internal Risk
- The web assessment conducted by Danamart is inaccurate.
- There was a problem with the website / Danamart software
- External Risk
- Interest rate fluctuations in the market.
- Service constraints on third parties
- Hacking, Virus and Infiltration
- Disaster
