Startup "Lending Aggregator" PinjemDoku Releases E-Loan Application Platform

Fintech startups lending aggregatorsBorrowDoku released the B2B e-loan application platform to facilitate services to prospective debtors. As an initial step, the Rural Bank BPR Dana Berkah Lestari (BPR DBL) became the first company to use the platform.

Utilization of the application is expected to help BPR DPL provide more services to prospective debtors, especially in terms of the speed of the credit approval process. Also, reducing BPR marketing costs will be more efficient.

The types of credit targeted in PinjemDoku are consumer loans, such as KPR, KTA, and KKB which require BPKB guarantees, certificates, invoices, or insurance/annuity policies.

DBL BPR currently operates in the areas of Depok, Tangerang, Bogor, Bekasi and South Jakarta.

As for the business model, BPR DBL marketers use the PinjemDoku application to apply for loans. Submission by real-time will be received by the credit support team who will immediately carry out the BI checking process.

Prospective debtors who are not included in the banking blacklist can be directly visited by the survey team, using an application to record survey data. The survey results will be immediately sent to the head office for analysis by credit analysts.

With the help of the existing scoring system, credit analysts can immediately provide recommendations to the credit committee regarding the eligibility of prospective debtors to obtain credit.

"BPRs generally have limited capital, so they lack the capability when they want to use digital technology. With PinjemDoku, even though the submission process is digital, the verification is still manual because it requires a wet signature," said PinjemDoku Chief Marketing Officer Gembong Prakoso to DailySocial.

This e-loan application platform has also been integrated with systems in life and general insurance to start the application approval process. In this case, the appointed companies are Reliance Life Insurance and Bintang Insurance.

The system will automatically categorize the health risks of potential debtors. If they have a low health risk, they will be approved by the insurance company. If the credit committee at the BPR approves the application, an insurance certificate will be issued.

On the other hand, if the PinjemDoku system categorizes prospective debtors as having high health risks, the system will issue a medical cover letter. The letter must be brought to the hospital provider who has cooperated with the insurance.

"With this integrated system, BPRs can reduce marketing costs by up to 30%. They can also compete fairly with other banks."

Gembong explained that his party is committed to adding other BPRs to join as partners. This is in line with the company's vision to digitize the people's economy.

"BPR DBL is a piloting For PinjemDoku's plan to carry out strategic cooperation with all BPRs throughout Indonesia, as a concrete step in our mission, which is to digitize the people's economy," concluded Gembong.