infinID operates a fintech platform that connects Indonesian homeowners with banks and non-bank financial institutions to access home equity lines of credit. This service addresses the urgent need for capital by providing a streamlined online application process, enabling quick access to substantial loans secured against property.
Funding
Funding not disclosed
Founders
Product
Problem
Accessing financing in Indonesia can be challenging for homeowners who lack traditional credit scores or have limited access to formal financial institutions. Many Indonesians struggle to unlock the value of their home equity to meet various financial needs.
Solution
infinID provides a fintech platform that connects Indonesian homeowners with banks and non-bank financial institutions, enabling them to access home equity lines of credit (HELOC). The platform streamlines the loan application process, offering a quick and convenient way for homeowners to leverage their property's value. infinID facilitates access to loans with flexible tenors and competitive interest rates, empowering homeowners to achieve their financial goals.
Target Audience
infinID primarily targets Indonesian homeowners seeking access to financing for various needs, including business capital, home renovation, education expenses, and debt consolidation.
Features
- Online application process for fast and convenient loan access
- Loan amounts starting from Rp100 million
- Flexible loan tenors ranging from 12 to 60 months
- Fixed interest rates at 12% per year
- End-to-end support from a professional team
- ISO 27001 certification, ensuring data security and privacy
- Registered with the Otoritas Jasa Keuangan (OJK) as a digital financial innovation provider
- Mobile applications available on both iOS and Android