JULO fosters financial inclusion with “Apply Once, Use Forever Feature”

By Gloria Mathias

Indonesian FinTech company JULO has introduced an innovative feature called Forever Credit, encapsulated in the Indonesian language, and aims to deliver convenience to users across Indonesia.

Through the Forever Credit feature, customers only need to apply once and can keep reusing their digital credit limit flexibly as the limit is restored on an ongoing basis.

The Forever Credit benefit eliminates the inconvenience of going through a reapplication process or providing additional details for repeat digital credit use, thereby granting continuous financial empowerment and enabling ongoing utilization.

With this feature, every time eligible customers repay their digital credit, their limit is auto-restored. This allows customers to use their limit for their day-to-day expenses such as mobile phone top-ups, utility bill payments, e-commerce payments and education payments for themselves and their families besides their financial needs.

“We have indigenously developed this feature using event-based processing that allows for limit restoration and usage of the restored limit seamlessly as and when the payment arrives for eligible users,” said Manoj Awasthi, Chief Technology Officer of JULO.

“This Forever Credit feature is another small step forward towards our vision of making financial inclusion more convenient and more accessible. In many cases, the limit is not just restored but is increased, thereby making life even easier for our valued customers”, said Nimish Dwivedi, Chief Business Officer of JULO Group.

The #BisaTerusPakaiJULO feature exemplifies JULO’s vision of democratizing access to financial services by providing customers with the unprecedented convenience of applying only once and using it forever.

Established in 2016, JULO remains dedicated to customer-centric product innovation – including five-minute credit access with JULO Turbo and JULO Education which provides education financing in a few clicks for any school, college, or online course in Indonesia.

JULO is a FinTech company that is revolutionizing access to financial products for millions of emerging consumers in Indonesia. The company developing a digital data-driven credit underwriting and risk assessment platform to process consumer credit applications and determine their creditworthiness using its mobile app.