Indodana Fintech Loan Applications Can Be Cancelled: Requirements and Procedures
Jakarta (ANTARA)—The Indodana Fintech online lending platform provides a cancellation feature for loan applications for users, as long as the funds have not yet been disbursed to the account. This service is one option for customers to reconsider their loan application decisions more wisely.
As a fintech lending company licensed and supervised by the Financial Services Authority (OJK), Indodana states that users who wish to cancel an Indodana Fintech loan at the stage after approval but before the disbursement process.
Based on the company’s official information, there is a main requirement for loan cancellation, namely that the approved funds have not been transferred to the user’s account. If the funds have already been disbursed, the loan cannot be cancelled, and the user remains obligated to repay according to the tenor and due date.
Requirements for Cancelling an Indodana Fintech Loan
According to its official website, Indodana Fintech users can cancel an applied-for loan as long as the loan funds have not been disbursed or transferred to the account. When the loan application has been verified and approved by the Indodana Fintech system, users can view the amount of loan funds provided. At this stage, users have the option to reject the loan or accept it by disbursing the loan funds to their account.
If they wish to reject it, users can submit the rejection according to the procedure provided by the Indodana Fintech system. However, once the funds have been disbursed to the user’s account, the loan can no longer be cancelled, and the user is required to pay the bill according to the tenor and due date.
How to Cancel an Indodana Fintech Loan
The loan cancellation mechanism is differentiated based on the loan approval condition by the system.
First, if the loan has just been approved, users can directly select the cancellation option through the app. At this stage, the loan is not yet active and does not generate payment obligations.
Second, if the approved loan amount is less than 50 percent of the applied amount, the system provides a “Cancel” button on the approval page. This option is given so that users can reconsider the sufficiency of the received funds.
Third, for loans approved for more than 50 percent of the application, cancellation cannot be done directly through the app. Users can wait up to 14 days without disbursing the funds, so the system automatically cancels the application.
Indodana advises users to understand the applicable requirements and procedures before making loan decisions. For more information, users can contact the company’s official customer service via telephone or email.