Is Koinworks neo loan legit? Is a pressing question that we shall be addressing today.
If you reside in Indonesia and you’ve micro, small or medium enterprise and you want to take a loan to boost your business, Koinworks neo loan is an option to consider.
KoinWorks NEO is one of the leading peer-2-peer lending digital companies in Indonesia, it is registered and supervised by Otoritas Jasa Keuangan (OJK).
As a fintech company, Koinworks offers different kinds of financial services like employee loan, cash loan, bonds, invoice financing etc to their esteemed customers.
Is Koinworks Neo Loan Legit?
YES. Koinworks neo loan is legit. Many business owners have taken and are still taking loans from Koinworks to boost their MSMEs businesses.
However, since change is constant, it is best to carry out your due diligence about the services of Koinworks to enable you to make informed financial decisions beforehand.
Koinworks NEO Loan Eligibility Criteria
To qualify for the MSMEs loan from Koinworks NEO, you’re expected to meet the following eligibility criteria, they include:
- You must have an active bank account.
- You must be at least 18 years old.
- You’ll also have a stable source of income.
KoinWorks NEO Loan Interest Rate
Koinworks NEO offers a flexible loan interest rate to Micro, Small and Medium Enterprises(MSMEs).
Koinworks’ neo loan interest rate is not fixed because the interest rate is determined by the loan tenor, financial status of the business and loan amount. On average, the interest rate ranges from 0.75% – 1.67% which is equivalent to the Annual Percentage Rate of 9% – 20%.
However, since the interest rate is not fixed, it is best to check the Koinworks NEO website regularly to get the updated financial news before making your financial decision when considering it as an option.
Koinworks NEO Loan Application
Applying for Koinworks neo loan is pretty simple, follow the steps below to apply:
- Download the Koinworks NEO app from Apple Store or Google Play Store for iOS and Android users respectively. Better still, you can visit Koinworks NEO website.
- Open an account with them by entering the necessary information.
- Complete the verification process.
- Put forward the relevant documents and details for loan evaluation.
- Wait for your loan approval and disbursement.
How To Download Koinworks NEO App
Downloading the Koinworks neo app is very easy, just follow the steps below to do that:
- Go to Apple Store or Google Play Store and use the search bar to search for the Koinworks app.
- Click on download.
- After downloading, install the app. That’s all, as simple as that.
Remember to install the app from a reliable and trusted source to avoid installing malware to your device.
Koinworks NEO Customer Care
To reach out to Koinworks neo customer care unit for question or inquiry, you can contact them via the following channels:
KoinWorks NEO Loan App Review
Just like other P2P lending apps, users of Koinworks neo loan app express satisfaction with the financial services offered by the platform while some users expressed displeasure over the buggy and unstable nature of the app.
However, this experience is relative to different users hence it is safe to say that Koinworks neo platform is trying their best towards rendering financial services to their esteemed customers but there’s still room for improvement in their services.
Meanwhile, our check on Google Play Store revealed that users have downloaded over 1 million Koinworks neo loan apps. Reviews from over 32k users rated the app 4.2 stars which is averagely good.
Andre Aristyo has this to say about the platform: ‘’The design after the revamp looks great, but it’s still unstable and buggy. I can’t access the portfolio page and some pages took too long to load. Will be great if the dev gives the user choices to switch back to the old design Edit: i have updated the app but the issue still remains’’.
Another user, Brillant Elpranata also reviewed the app: ‘’It’s a good app. But I would really appreciate it if you make a performance history for every borrower. Performance like how many times the borrower makes an on time payment, late payment or failed payment. And also please add general information like the ratio for on time payment from all of the borrowers on koinworks’’.