Koinworks Review: Simple, Easy P2P Lending (+ Promo Code)

Hi guys! I wrote a variation of this post on my old blog, but it's gone now. So I decided to rewrite it. 

I have about Rp 3.000.000 in Koinworks: it's a simple way of investing spare money, and they always have nice promos. Like this one:

Basically, all you have to do is sign up with the link above (or with the code 27967) and you'll get a free Rp. 50.000 to invest. Pretty nice, right? I wish I had used a code before signing up.

Sign up: You'll need a KTP, KITAS, or passport (that's what I used). It's very easy to sign up as long as you have a bank account and KTP in your name.

Fees: 1% from every borrower repayment, and Rp. 5.000 withdrawal fee

Minimum investment: Rp. 100.000 (This makes Koinworks ideal for newbie investors who just want to squirrel away some spare money at the end of the month. Other investment options, like Modalku, require upwards of Rp. 1.000.000)

Length of time: 1 to 12 months

Safety and guarantees: Loans are reviewed and rated by safety. "A" Grade loans are the safest, and if the payments default you will get your money back. The amount of money returned lowers with each grade, so you can choose how much risk you want to take.

Returns: My Net Annualized Return so far is 18.13%. Pretty good when you remember that mutual funds and other long-term deposit options tend to offer, at best, 7-8%. From Koinworks: "NAR is calculated using a formula where interest received, plus late fees received, minus the 1% service fee paid we divided by the outstanding principal amount of the loan at the beginning of that monthly payment period."

Top-up: You can top up with a variety of methods. They create a Virtual Account just for you.

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On the Portfolio tab, I can quickly see all of my investments. If I click on "Details", I can then see the repayment schedule and amount. Different colored circles = different things. A green circle, for example, means that the person paid on time. A blue one means that they paid late. A red one means they haven't paid at all, and missed the deadline.

So far, everyone has been paying on time (except for one guy, who paid a little late on both of his last installments).

Note: You do have to invest in Rp. 100.000 increments. For example, you can't just invest Rp. 65.000 in a loan, or Rp. 250.000. It has to be an exact multiple of Rp. 100.000.


  • Fast and easy to sign up
  • Returns up to 30%
  • Small starting amount 
  • Detailed look at loans and payment schedules
  • Fast deposits and withdrawals


  • 1% fees are a bit high

Overall, I think Koinworks is a safe, fun option for most people. I definitely recommend it for anyone who has some free time and wants to grow their money a bit. I think you'll get the most out of this if you invest at least Rp. 100.000 a month (since there is a Rp. 5.000 withdrawal fee now).

Okay, thank you for your love! I'll talk to you later ( I hope the weird mishmash of topics isn't too offputting for you).