Lendingpot Platform Launches Personal Loan Service In Indonesia

Online loan comparison platform (photo: dock. Lendingpot)

JAKARTA Lendingpot, a loan-matching platform from Singapore, released a Personal Loan Service on August 1. This service was created to help Small and Medium Enterprises (SMEs) or individual needs. Personal Loan Services support flexibility because entrepreneurs can get loans quickly and without the need to provide guarantees. Funds proposed by entrepreneurs will be deposited directly into the borrower's bank account. Lendingpot said that this service was added to its platform to address increasingly mushrooming illegal platforms. What's more, there are many people who are entangled in illegal loans until they have difficulty paying. "This is one context why Lendingpot decided to dive into Private Loan Services in Indonesia," said Jonathan Surya, Head of Commercial Development Lendingpot, in a statement that VOI received. "(we) want to revolutionize the borrowing experience." Jonathan explained that Personal Loan Services are designed to meet various urgent needs. This service helps borrowers in comparing various lenders, from banks and non-banks.

"Lendingpot is dedicated to being a beacon in financial empowerment. We believe, by offering financial solutions that are easily accessible and transparent, can raise the spirit of individuals and communities," Jonathan said. On the other hand, Benjamin Lam's Business Head of Lendingpot revealed that this service has been run first in Singapore. So far, Personal Loan Services have gained more than 6,000 subscribers in Singapore. "We have a 70 percent approval rate in less than 60 minutes, thus making Lendingpot the leading platform in terms of personal funding," Benjamin claims.