All You Need to Know About Your Loan.

Last Updated: 12/03/2025

Welcome to UFarm 2.0! These Loan Terms and Conditions (‘Terms’) govern your use of the loan services provided through the UFarm 2.0 mobile application (‘App’). By using the App and applying for a loan, you agree to these Terms. Please read them carefully. If you do not agree to these Terms, do not use the App or apply for a loan.

Eligibility Criteria

To apply for a loan through UFarm 2.0, you must:

• Be at least 18 years old (or the legal age in Indonesia).
• Be a resident of Indonesia.
• Be a registered member of Induk KUD.
• Have a valid mobile number.
• Provide accurate and verifiable personal, financial, and farming-related information.
• Meet UFarm 2.0’s credit and income requirements.

Loan Application Process

You can apply for a loan by completing the application form in the App. You must provide accurate and complete information, including:

• Your full name, address, and contact details.
• Proof of identity (e.g., Indonesian government-issued ID).
• Proof of income (e.g., bank statements, farming records).
• Proof of Induk KUD membership.
• Details about your farming activities (e.g., type of crops, livestock, or equipment).

UFarm 2.0 may verify your information with third-party services.

Loan approval is subject to verification of your information and creditworthiness.

If approved, the loan amount will be disbursed within 24-48 hours through available payment channels.
You will receive a notification in the App once the loan is disbursed.

Loan Terms

Loan Amount: You can borrow between IDR 1,000,000 and IDR 10,000,000, depending on your eligibility.
Repayment Period: Fixed term of 12 months (Note: This loan is not repayable in 60 days or less, and complies with local regulations set by the Otoritas Jasa Keuangan [OJK]).
Interest Rate: Maximum Annual Percentage Rate (APR) is 12%.
Fees: No additional fees apply.
Repayment Schedule: You will repay the loan in 12 equal monthly installments.
Due Dates: Repayments start one month after loan disbursement, on the same date each month.
Payment Methods: You can repay via mobile wallet.
Early Repayment: You may repay the loan in full at any time without penalty. There are no additional charges or penalties for early repayment, although the interest will be calculated based on the original loan term.

Representative Loan Cost Example

For illustrative purposes, consider an IDR 5,000,000 loan with a 12-month repayment term:

• Principal Amount: IDR 5,000,000
• Interest Calculation (Annual APR 12%):
  • Total interest over 12 months: IDR 5,000,000 × 12% = IDR 600,000
  • Total Repayment Amount: IDR 5,600,000 (Principal + Interest)
  • Estimated Monthly Repayment: IDR 466,667 (IDR 5,600,000 ÷ 12 months)

Note: The interest calculation provided is a simplified example. Actual monthly repayments may vary based on the chosen amortization method and individual credit assessment.

Late Payments and Defaults

• If you fail to make a payment within 14 days of the due date, you will be in default.
• A late fee of 2% will be applied.
• UFarm 2.0 may report the default to Indonesian credit bureaus, which could affect your credit score.
• UFarm 2.0 reserves the right to take legal action to recover the outstanding amount, which may include engaging a debt collection agency or pursuing legal proceedings under Indonesian law.
• Additional collection fees may be applied if third-party recovery services are required.

Data Protection and Privacy

• Your personal data will be collected, stored, and used as described in our Privacy Policy.
• UFarm 2.0 uses industry-standard security measures to protect your information.
• Your financial and transaction data may be shared with Indonesian credit bureaus and regulatory authorities, as required by law, including but not limited to the Personal Data Protection Law (UU PDP) and the Otoritas Jasa Keuangan (OJK).

Legal and Compliance

• These Terms are governed by the laws of Indonesia.
• Any disputes arising from these Terms will be resolved through Arbitration/Mediation/Court proceedings in Indonesia.
• You agree to comply with all applicable financial regulations and laws in Indonesia.

Amendments to Terms

• UFarm 2.0 may update these Terms from time to time.
• You will be notified of any changes at least 30 days in advance via the App or email.
• Continued use of the App after changes are made constitutes your acceptance of the updated Terms.
• If significant changes occur, you may be required to re-accept the Terms before applying for a new loan.

Liability Disclaimer

UFarm 2.0 is not liable for:

• App downtime or technical issues.
• Unauthorized access to your account.
• Delays in loan disbursement due to third-party issues (e.g., bank delays).
• Losses incurred due to failure to meet repayment obligations.

Contact Us

If you have any questions about these Terms, please contact us at:

📧 Email: support@scashglobal.com

By using the App and applying for a loan, you agree to these Terms. If you do not agree, do not use the App.