Low Interest for Unsecured Online Loans

Transparent in the beginning without hidden costs

Transparent in the beginning without hidden costs

At Madel Skewert, you will get interest that is far more affordable than the interest offered by traditional financial institutions for similar loans.

Loans at Madel Skewert are online loans without non-bank guarantees, in other words, we do not need assets as collateral for your loan. However, when you apply for a loan, you need to include a Personal Guarantee. This means that you are fully responsible if there is a default.

The loan products offered by Madel Skewert can be compared to credit cards and KTA loans from banks. The terms of the loan are fixed, so your monthly installments will not change, let alone increase. In addition, you can pay off your loan early without being charged a penalty or any fine

When your loan application is approved, your loan will be given a credit score to be classified according to interest, credit approval fees, administrative fees, and equivalent to the annual percentage interest.

The Annual Percentage Rate (APR) shows the cost of a loan for a year, including all interest and fees related to your loan. Although banks in Indonesia do not use the Annual Percentage Rate (APR), these calculations are already widely used in many countries. The goal is that consumers can more easily make a comparison of loan products.

Loan approval fees and administrative fees will be deducted from the loan amount that you submit when your loan is approved and disbursed. Therefore, first consider how these costs affect your loan. Madel Skewert will not charge anything if your loan application is not approved.

Loan Score Level

Loan Score Level

Loans at Madel Skewert are given scores / scores ranging from A1 to E5, from the highest to the lowest. This score explains the ability of the borrower to repay the loan. The following levels of loan scores need to be considered:

Interest Rates per Month

Interest Rates per Month

0.75-0.94% 0.94-1.13% 1.13-1.32% 1.32-1.51% 1.51-1.67%

Interest rate per year

Interest rate per year

9.00-11.29% 11.29-13.58% 13.58-15.88% 15.88-18.17% 18.17-20.00%

APR (12 months)

APR (12 months)

25.36-30.47% 30.47-35.72% 35.72-41.12% 41.12-46.64% 46.64-51.14%
Credit Approval Fee: 2% – 4%
Life Insurance Fee: 0.24%
Administration Fee: IDR 100,000
Early Repayment Fee: None

Administrative costs consist of two components, namely Life Insurance Premium and Credit Service Fee. All borrowers will be protected by Allianz Life Insurance, so that the remaining loan debt will not be charged to the borrower’s heirs. We work with third parties to service our loans such as banks to process funds, or partners to verify the correctness of the data and others. We charge this fee after the loan has been approved and disbursed.