Vestia is an indirect Peer to Peer (P2P) Lending platform you can access and use at anytime from your mobile phone.
Vestia by Tujuh Mandiri Sejahtera, PT is registered and supervised by Financial Services Authority (OJK) based on decree number S-1074/NB.213/2018 dated December 7, 2018.
Vestia is also a registered member of Indonesia Fintech Association (AFPI). AFPI is an organisation appointed by OJK.
By being registered and supervised by OJK and a member of AFPI, Vestia will always follow the rules and policies by the government of Indonesia and all authorities.
The main purpose of the Vestia P2P Lending service is to promote the micro business sector in Indonesia through information technology-based platform that helps lender to fund micro business owners to develop their business and improve their welfare. The loan is proposed by the registered micro business owners through Financial Services Institution subjected to applicable law in Indonesia.
As a Lender, you can place a particular amount of loan financing starting from IDR 50,000 (fifty thousand rupiahs) with a multiple of IDR 10,000 (ten thousand rupiahs) and maximum of IDR 2,000,000,000 (two billion rupiahs). The limitation of the maximum amount of loan financing mentioned above is the applicable provision of the Financial Services Authority (OJK) based on the written regulation of POJK No.077/POJK.01/2016.
- Minimum period of repayment: 25 weeks (6 months)
- Maximum period of repayment: 50 weeks (12 months/1 year)
- Maximum APR for 25-week (6 months) terms of repayment: 14%
- Maximum APR for 35-week (9 months) terms of repayment: 14%
- Maximum APR for 50-week (12 months/1 year) terms of repayment: 14%
- Maximum interest per day: 0.8%
Effective economic benefit for Lender:
- Minimum per year: 10.00%
- Maximum per year: 14,00%
- Average per year: 12.00%
- Loan amount: Rp2,000,000-Rp3,000,000
- Maximum Annual Percentage Rate (APR): 12%
- Tenor: 6-12 months
- Administration cost: 1% for every given loan, included as part of repayment.
- Insurance cost: 0.195% from total given loan, included as part of repayment
- Loan amount: Rp3,000,000
- Tenor: 25 weeks (equals to 6 months or 175 calendar days)
- Total commission: Rp180,000 (Loan amount x 12% x 6/12)
- Repayment/week: Rp127,200 (Loan amount + Total commission)/25
- Principal repayment: Rp120,000 (Loan amount/25)
- Repayment period: 7 calendar days (weekly)
- Administration cost: 1%
- Total administration cost: Rp30,000 (Loan amount x 1%)
- Administration cost per repayment period: Rp1,200 (Total administration cost/25)
- Insurance cost: 0.195%
- Total insurance cost: Rp5,850 (Loan amount x 0.195%)
- Insurance cost per repayment period: Rp234 (Total insurance cost/25)
- Nett repayment per week: Rp125,766 (Repayment per week - Administration cost per repayment period - Insurance cost per repayment period)
- Total nett repayment: Rp3.144.150 (Nett repayment per week x 25)
Cost for Borrower
- Administration cost: Rp10,000
- Maximum Annual Percentage Rate per year: 14%
If you have questions about Vestia please contact:
PT Tujuh Mandiri Sejahtera
Jl. Cideng Barat No. 76
Kel. Cideng, Kec. Gambir Kota