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John23V

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John23V

Re: None

Friday, 12/27/2019 12:29:02 PM

Friday, December 27, 2019 12:29:02 PM

Post# of 11958
Maximum bill on loans set to 100% of total debt.

The AFPI today set a new rule so that the maximum interest, fees, and penalties can not exceed 100% of the total loan. If you borrow Rp 5,000,000 the maximum you would repay is Rp 10,000,000.

https://megapolitan.kompas.com/read/2019/12/27/22024511/afpi-maksimum-tagihan-di-pinjaman-online-legal-100-persen-dari-total

Also mentioned in the article "These rules are standard and are applied by the 164 legal fintechs registered with OJK".
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