For individuals in Indonesia seeking quick access to funds, Finmas presents a digital lending solution. This platform offers a streamlined process to apply for and receive personal loans directly from a smartphone, aiming to provide financial flexibility without traditional banking hurdles.
What is Finmas?
Finmas is a licensed peer-to-peer (P2P) lending application operated by PT Oriente Mas Sejahtera. Its primary purpose is to provide personal cash loans and business capital to eligible users in Indonesia. The app targets adults who need immediate financial assistance, offering a fully digital application process that includes identity verification and credit assessment.
Why Should You Use Finmas?
Users may choose Finmas for its convenience and speed. The key advantage is the ability to apply for a loan entirely online and receive funds quickly after approval. The platform also provides clear calculations of all costs upfront.
Speed: Digital application and fast disbursement.
Transparency: Clear breakdown of all fees and interest.
Accessibility: Designed for use on mobile devices anywhere.
Flexibility: Offers different loan products and tenors.
Key Features of Finmas
The core functionalities of Finmas are centered around its lending services.
Cash Advance Loans: Apply for personal loans ranging from Rp 1,000,000 to Rp 5,000,000.
Business Capital Loans: Access additional funds specifically for micro-business and MSME development.
Loan Simulation Tool: Calculate the total cost of a loan, including interest and admin fees, before applying.
Flexible Tenor: Choose a repayment period between 91 and 180 days.
Multiple Payment Channels: Repay your loan via ATM transfer, mobile banking, internet banking, or at Alfamart outlets via DOKU.
Additional Features
Finmas Care Protection
The app partners with Qoala to offer optional health protection coverage, providing an extra layer of security for borrowers.
Security and Data Privacy
Finmas states a commitment to user data security, ensuring personal and identification information is not disseminated without user consent.
How to Download and Install Finmas
1. Open the Google Play Store on your Android device.
2. Use the search bar to find "Finmas".
3. Select the official app from PT Oriente Mas Sejahtera.
4. Tap "Install" to download and automatically install the application.
5. Once installed, open the app to begin.
How to Use Finmas
1. Open the Finmas app and complete the registration process.
2. Submit the required documents, including a government-issued ID (KTP) for verification.
3. Select your desired loan product and amount.
4. Use the simulation tool to review the total repayment amount.
5. Submit your application for review and await approval and fund disbursement.
Advantages and Disadvantages
Pros
The entire loan process is convenient and handled digitally.
The interface is straightforward, making it easy to apply and check status.
It provides immediate value for users in urgent need of cash.
Multiple repayment options add to the convenience.
Cons
The service is exclusively available to Indonesian residents with a KTP.
As with any loan, interest and fees apply, which must be managed responsibly.
Is Finmas Safe to Use?
Finmas is a legal entity registered and licensed by the Indonesian Financial Services Authority (OJK) under number KEP-85/D.05/2019. The app requires permissions to access your camera and identity documents solely for the purpose of verifying your application. The platform states that user data is kept private and secure.
Compatible Apps or Tools
Finmas integrates with the DOKU payment gateway, allowing users to make repayments through various banking channels and Alfamart. For optional health protection, it works with the Qoala insurance platform.
FAQs
What is the maximum loan amount from Finmas?
You can borrow up to Rp 5,000,000 through the Finmas app, depending on your eligibility.
How long is the repayment period?
The tenure for loans from Finmas ranges from a minimum of 91 days to a maximum of 180 days.
Is there a fee for using the service?
Yes, an administration fee is charged in addition to interest. The exact amount depends on the loan product and is shown in the simulation before you apply.
What if I forget my password?
You can reset your Finmas account password by entering your registered ID number (KTP).
Conclusion
Finmas serves as a practical tool for Indonesians needing quick access to personal or business loans. As a licensed OJK platform, it offers a legitimate and transparent digital lending process. Potential users should carefully review all terms, including interest rates and fees, to ensure it meets their financial needs responsibly.
