Modalku does not charge a fund withdrawal fee and you may withdraw funds as often as you like. However, please note that any transfers to an account other than Bank Negara Indonesia will be charged an automatic Rp 3.500 – Rp 7.500,- transfer fee by our systems.

You can withdraw the funds on your account anytime. Here’s how:

  1. Log in to your Modalku account

  2. Click on the Modalku logo

  3. Click on the 5th circle, one that says “Withdrawal” (“Penarikan”)

Below, we have also detailed how to withdraw funds using the Modalku app:

  1. Log in to your Modalku account

  2. Click the “Funds” (“Dana”) Tab on the bar’s lower area

  3. Click on the “Fund Withdrawal” (“Penarikan Dana”) Tab

  4. Please fill with the amount of funds you would like to withdraw and provide withdrawal reason.

  5. Click “Fund Withdrawal” (“Penarikan Dana”)

*Minimum withdrawal amount is Rp 1.000,- (if using Bank Negara Indonesia account) and Rp 10.000,- (for any other bank account).

We will transfer your funds to the bank account detailed on the left side (as shown in the image above). On the right-side column, you only have to fill with the amount you would like to withdraw and the reason why you are withdrawing funds. Then, click “Send”.

Our team processes fund withdrawal requests every morning on 09.00 WIB, working together with a third party to create an escrow that manages and keeps all of our lenders’ funds.

In general, it takes 2-3 business days for funds to enter your bank account.

For international accounts, fund withdrawals are exposed to foreign exchange risk. Bank charges for international transfers are borne by lenders.

Please note that, at the moment, our fund withdrawals are handled with Bank Negara Indonesia only. If you are using another bank, we will charge a transfer fee.

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