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Jago Dana Cepat
Late Payment and Penalty
How much is the penalty for late payment of Jago Dana Cepat installments?
Late payment penalty is 0.1% of the monthly installment per day.
How do you calculate the late penalty?
Example: Customer took a loan with Rp1 million installment payment per month. Customer has already been late for 15 days from the monthly payment due date.
So, the customer must pay the late penalty as follows:
Late penalty = 0.1% x days past due x instalment amount
Late penalty = 0.1% x 15 days x Rp1 million = Rp15,000
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