Commission is an administrative fee that will be deducted from each loan payment received by the lender.

As of May 1, 2022, there has been a policy change to these fees, where KoinWorks will no longer charge commission on purchases, sales, and discounted returns at all for every KoinP2P transaction.

However, there is a platform fee with the following details:

• Lumpsum (payment at the end of the tenor, usually for KoinInvoice products): 10% of platform fee is charged of the interest received.
• Installment (payments are made monthly): 5% platform fee is charged on the principal and interest received.

With this policy change, as a loyal KoinWorks lender, you can get bigger benefits.