The online peer to peer lending service we provide entails binding decision and agreement between Lenders and Borrowers, and thereof all risks related to the lending activity are fully borne by each Party.
Every Lender is fully responsible for all credit risks of late or default payments. No national entity or authority is responsible for any such risks.
Lenders who do not have sufficient knowledge about the lending business are advised to use this service with prudence.
Borrowers should carefully consider the loan interest rate along with other costs in accordance with the ability to pay off the loan.
Any fraudulent activity committed or done intentionally will be digitally recorded and may potentially be informed to the public through social media networks or any other means of communication.
All users of this service are advised to read and fully comprehend all information provided before making a decision to join as a Lender or Borrower.
PT Lunaria Annua Teknologi (KoinWorks), as a Peer to Peer (P2P) Fintech Lending, has been officially registered in Financial Services Authority (OJK) with registration number S-1862/NB.111/2017, on April 27, 2017. Thus, the implementation of its activities is strictly monitored based on OJK Regulation No. 77/01-2016, about the online peer to peer lending service, issued in December 2016.