Indonesian fintech companies juro has introduced a new feature, “Immediate Execution Guarantee”, which guarantees quick loan disbursement.
This new feature allows users to receive a loan within 10 minutes of approval.
In case of any delay, customers will be compensated with a cashback of IDR 25,000.
JULO reports an on-time payment rate of nearly 99%, and even in the rare instances where delays occur, cashback claims are reportedly resolved quickly.
The company has also introduced other services such as Protect Plus, which covers damages to smartphones.
Since its launch in October 2024, Protect Plus has covered more than 51,000 customers and processed more than 65,000 insured transactions.
JULO has been operating for 8 years and serves more than 2 million Indonesians, offering virtual credit cards with limits up to USD 3,500.
The card allows users to manage a variety of expenses, including replenishing e-wallets and paying medical bills, and aims to strengthen financial inclusion in markets with low credit card penetration. .
Manoj Awasthi, Chief Technology Officer, JULO said:
“This guarantee is the result of our robust infrastructure and innovation.
By ensuring that nearly every transaction is completed on time, we are establishing a new standard for trust in fintech, building trust in digital financial services. ”
Nimish Dwivedi, Chief Business Officer, JULO Group, said:
“The first existing gadget protection cover and the first payment guarantee reinforce our continued commitment to providing our valued customers with fast and continuous access to digital credit.”
Featured image credit: Edited from freepic
