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Jago Dana Cepat
Jago Dana Cepat Interest Rate and Fee
What is the interest rate on the Jago Dana Cepat loan?
You can find the loan interest rate in the Jago Dana Cepat page in your Jago app.
Can my Jago Dana Cepat interest change?
Interest for the existing loan will be fixed as per the loan confirmation. However, the interest for the new loan drawdown may change according the Bank's decision.
How to calculate the loan interest?
You can view the flat monthly interest rate in the Jago app to simplify your installment calculations. Jago utilizes the effective annuity calculation method using the equivalent effective interest rate to generate an installment schedule with monthly installment values shown in the Payment Schedule section.
Example:
- Flat interest rate in the application: 1.5% per month
- Loan term: 4 months
- Loan amount: Rp10 million
Then, customers can estimate the monthly installment as follows: (Rp10 million / 4 months) + (Rp10 million x 1.5%) = Rp2.65 million
Jago will use an equivalent effective interest rate, in this example, 28.47% per year, to produce a similar monthly installment amount. Details of interest calculation can be viewed in confirmation email upon drawdown.
Are there admin fees?
There are no admin or other hidden fees.
What are the fees when taking Jago Dana Cepat?
There are no admin or other hidden fees, you only need to pay loan interest.
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