Consumer Credit

Consumer Credit

Get quick and easy funding for various needs, ranging from home repairs, education, to purchasing other goods. The application process is fast, the requirements are easy, and the interest rates are competitive.

 

CREDIT USAGE:

  1. Credit to finance the installation of a water pump
  2. Credit to finance the installation of electricity
  3. Credits used for specific celebrations
  4. Credit to finance a wedding party
  5. Home improvement credit
  6. Credit for the purchase of household appliances
  7. Certain group arisan credit patterns that can be made according to conditions
  8. Credit for tuition/education payments
  9. Credit for the purchase of a motor vehicle
  10. Others that are consumptive

CREDIT TYPE:

  1. Installment Credit: for Working Capital, Investment, Consumption
  2. Regular Credit: for Working Capital and Investment

PERIOD:

  1. Installment Credits: maximum 60 months
  2. Regular Credit: maximum 12 months
  3. Property Loans and Mortgages: maximum 96 months

INTEREST:

  1. Installment Loans:
    • Sliding (downward): at least 19.80% per year
    • Annuity (decreasing): minimum 19.80% per annum
    • Flat: minimum 13.20% per annum
  2. Regular Loans:
    • Minimum 24.00% per annum (decreasing)
  3. Back to Back Loans:
  • Nusamba Deposit: minimum +5% of the deposit interest rate
  • Super Plus deposit: minimum +10% of the interest rate stated on the bilyet
  • Savings: minimum +5% of the highest interest rate as per the product
  • Maximum credit ceiling of 95% of the amount of the blocked Deposit or Savings

Loan Provisioning Fee

  • Ceiling ≤ IDR 50,000,000:
    • Term ≤ 1 year: 2.50% of the ceiling
    • Term >1 – ≤2 years: 2.75% of the ceiling
    • Term >2 – ≤3 years: 3.00% of the ceiling
    • Term >3 – ≤4 years: 3.25% of the ceiling
    • Term >4 – ≤5 years: 3.50% of the ceiling
  • Ceiling > IDR 50,000,000:
    • Term ≤ 1 year: 2.15% of the ceiling
    • Term >1 – ≤2 years: 2.25% of the ceiling
    • Term >2 – ≤3 years: 2.50% of the ceiling
    • Term >3 – ≤4 years: 2.75% of the ceiling
    • Term >4 – ≤5 years: 3.00% of the ceiling
    • Term >5 – ≤6 years: 3.25% of the ceiling
    • Term >6 – ≤7 years: 3.50% of the ceiling
    • Term >7 – ≤8 years: 3.75% of the ceiling
  • Back to Back Credit: provision fee minus 0.5%
  • >12-month credit: provisions are calculated proportionally
  • Restructuring credit: 1% of the restructured debit balance

ATK & Survey Fees

  • ATK fee: IDR 20,000 per debtor (credit realization/collateral and restructuring)
  • Survey Fee:
    • Ceiling ≤ IDR 5,000,000: IDR 10,000 per debtor
    • Ceiling > IDR 5,000,000 – IDR 10,000,000: IDR 20,000 per debtor
    • Ceiling > IDR 10,000,000 – IDR 30,000,000: IDR 50,000 per debtor
    • Ceiling > IDR 30,000,000 – IDR 50,000,000: IDR 75,000 per debtor
    • Ceiling > IDR 50,000,000 – IDR 150,000,000: IDR 100,000 per debtor
    • Ceiling > IDR 150,000,000: IDR 150,000 per debtor
  • Restructuring credit: calculated from the restructured debit balance

Compulsory Savings, Insurance, & Social Security

  • Mandatory savings: 1% of the credit ceiling for all credit customers, in the name of SIWANA savings products (except Back to Back credit)
  • Compulsory life insurance, except:
    • Back to Back Credit
    • The age of the debtor is >70 years old at maturity
    • Insurance is denied by the insurance company
  • Debtors are expected to participate in the government's social security program (BPJSTK minimum: Work Accident Insurance and Death Insurance), unless they are >65 years old

CREDIT APPLICATION REQUIREMENTS

A. INDIVIDUAL

- Fill out the credit application form

- Fill out a statement of willingness to conduct a debtor information search (SLIK)

- Complete the application with:

- Copy of husband/wife's ID card and/or guarantor

- Copy of Family Card

- Copy of Marriage Certificate

- Copy of guarantee (certificate of ownership, HGB, last SPPT, STNK, BPKB, rubbing frame number and machine number)

- Copy of SIUP, NPWP, Business Certificate (if any)

- Copy of salary slip or account mutation for the last 3 months

- Business financial transactions that have been carried out for at least the last 3 months

- Willing to be surveyed at home or asked for loan supporting data

 

B. BUSINESS ENTITY

- Fill out the credit application form

- Fill out a statement of willingness to conduct a debtor information search (SLIK)

- Complete the application with:

- Copy of the administrator's ID card

- Copy of the deed of appointment of the board

- Copy of SIUP/NPWP/Deed of Establishment/Deed of Amendment

- Financial statements

- Copy of the minutes of the credit loan agreement

- Photocopy of guarantee

- Willing to be surveyed to the location or asked for loan supporting data

Benefit:

  1. Credit that can meet customer needs, especially for the consumption of goods and services
  2. Fast process
  3. Simple terms
  4. Light installments
  5. Competing flowers
  6. Affordable costs

Risk:

  1. The installment burden will increase if there is a delay in monthly installment payments
  2. Credit history will be recorded in the Financial Information Service System (SLIK), both when paying in cash or in arrears
  3. Collateral can be taken if there is negligence of the customer in fulfilling obligations according to the agreement

Additional Information:

  1. If there is a problem due to the customer's negligence in carrying out payment obligations, the bank will make mediation efforts and also legal remedies in accordance with applicable regulations and laws
  2. The fee for the bonding of the guarantee or taking a copy of the guarantee is charged at 1% of the loan debit balance
  3. Loans that cancel dropping after obtaining credit approval are subject to a fee of 1% of the loan debit balance
  4. Loans that are canceled after obtaining credit approval are subject to a fee of 0.1% per day of principal and/or interest arrears from the date exceeding the approval date
  5. The calculation of late fines uses high interest rates. If the loan is disbursed but not on time, then the interest payable is the interest that is valid until the term when the loan is approved
  6. If the submission is not in accordance with the above provisions, it must be approved by the board of directors

 


Apply Now