What is UangTeman? UangTeman Review

Basic Introduction

UangTeman only provides loans to Indonesian people and currently serves Jabodetabek , Yogyakarta, Solo , Magelang , Klaten , Bandung, Surabaya, Semarang, Bali, Makassar, Palembang, Lampang, Jambi and Balikpapan . UangTeman aims to provide online financing anytime, anywhere to replace the traditional lending model of banks or other financial companies. UangTeman 's services are very simple, transparent and flexible.

Platform Introduction

When applying for a loan, borrowers need to fill out a simple questionnaire, which mainly involves personal information such as phone number and family status.

In UangTeman 's lending model, the platform will bear the first risk, which means that even if the borrower fails to repay the loan on time, the provider of the loan funds can still recover the money they lent.

The proportion of UangTeman users who fail to repay on time is also very low, only 5% . Zulkifli believes that this should be attributed to UangTeman's deep understanding of lending risks and efficient information collection methods.

The company also hires and trains debt collectors to handle most cases of non-payment. If necessary, the company will seek help from third-party debt collection agencies. At the same time, UangTeman has also established cooperation with banks.

How to use

1. Click to apply for a loan

On the UangTeman website homepage, click on the “Submit Loan” button to start your loan application on UangTeman or through the UangTeman mobile app on Google Playstore and App Store .

2. Fill out the online loan application

And don't forget to prepare supporting documents such as KTP , Selfie/Selfie and Payslip / Business Certificate. The more complete the documents are, the faster the payment process will be at UangTeman .

3. Submit notification

Get notifications to let you know if your loan status has been approved or rejected by UangTeman.

4. Check loan status

Get to know your loan status via SMS by entering the number. Your phone is registered in the Loan Status Check column on the website and UangTeman mobile app.

5. Customer Service Verification

If your loan is approved, make sure no. your mobile is active. Because the UangTeman verification team will contact you within 3 x 24 hours. If the data and documents have been verified, you will be contacted for the loan disbursement.

6. Sign a digital agreement

Once your loan application is approved, you will receive a notification via email. You will have to digitally sign the agreement via email notification to withdraw the loan.

7. Working capital loan

The loan funds will be paid to the account you registered when applying for the loan at UangTeman.

8. Payment Information

You will be notified of your payment due date via email 3 days before the due date .

9. Customer Dashboard

Before making a payment, you must go to your customer dashboard to find the virtual account number that you can use to pay off your loan via bank transfer.

Financing

In 2016 , Indonesian micro-loan website UangTeman announced that it had received a pre-A round of financing, but the specific amount was not disclosed. It is understood that the lead investor in this round of financing is a large banking group in Southeast Asia, and two local Indonesian institutional investment companies followed suit, but the specific company information was not disclosed.

In August 2017 , consumer lending startup UangTeman received $ 12 million in Series A funding, including equity and bond financing. This round of financing was led by K2 Venture Capital and participated by DFJ partner Tim Draper . UangTeman said that this was the first time that Draper Associates, an investment fund under Draper's name , invested in an Indonesian startup. The bond financing came from Hong Kong asset management company STI Financial Group , but UangTeman did not disclose how much equity and bond financing there were. This round of financing will help the company acquire more lenders in Indonesia.

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