Investment Credit

Investment Credit

Investment Credit is intended for the purchase of capital goods and services needed for rehabilitation, modernization, expansion, business relocation, and/or establishing a new business.

 

Credit Usage:

  1. Agricultural Business:
    • Credit for tillage, nurseries, fertilization, purchase of agricultural equipment, production equipment, land lease
    • Pest sprayer purchase credit
    • Purchase credit for ploughing equipment
    • Shrimp pond/fish pond expansion credit
    • And other needs related to agriculture
  2. Industrial Enterprises:
    • Credit for the purchase of industrial equipment and repair of business premises
  3. Trading Business:
    • Credit for sales, improvement, and business expansion tools
  4. Service Business:
  • Motor vehicle/car repair credit
  • Motor vehicle purchase credit for service business facilities

Credit Type:

  • Installment Credit: For Working Capital, Investment, Consumption
  • Regular Credit: For Working Capital and Investment

Period:

  • Installment Credit: Maximum 60 months
  • Regular Credit: Maximum 12 months
  • Property Loans and Mortgages: Maximum 96 months

Interest:

  1. Installment Loans:
    • Sliding (downgrade): Minimum 19.80% per annum
    • 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:

  1. Fill out the credit application form
  2. Fill out a statement of willingness to conduct a debtor information search (SLIK)
  3. Complement the application with:
    • Copy of the husband/wife's ID card and/or guarantor
    • Photocopy of Family Card
    • Copy of Marriage Certificate
    • Copy of guarantee (certificate of ownership, HGB, last SPPT, STNK, BPKB, machine number and frame)
    • Copy of SIUP, NPWP, Business Certificate (if applicable)
    • Copy of salary slip or bank statement for the last 3 months
    • Business transactions carried out at least in the last 3 months
  4. Willing to be surveyed at home or asked for supporting data for loans

B. Business Entity:

  1. Fill out the credit application form
  2. Fill out a statement of willingness to conduct a debtor information search (SLIK)
  3. Complement the application with:
    • Copy of the administrator's ID card
    • Copy of Deed of Establishment of Management
    • Copy of SIUP/NPWP/Deed of Establishment/Deed of Amendment
    • Financial statements
    • Minutes of credit loan agreements
    • Photocopy of warranty
  4. Willing to be surveyed to the location or asked for loan supporting data

 

BENEFIT:

  1. Loans that can meet customer needs are mainly intended for the purchase of facilities and infrastructure for business activities
  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 over 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 collateral replacement or collateral balance collection is charged at 1% of the loan debit balance
  3. Loans that are canceled after obtaining credit approval are charged 1% of the loan debit balance based on the ceiling
  4. A penalty is imposed at 0.1% per day of the principal and/or interest arrears from the date set until the payment is completed
  5. Calculation of credit repayment with fixed interest rate: if the repayment is made before maturity, then the interest to be paid is the decreasing interest that applies until the repayment period, minus the interest that has been paid
  6. If the submission is not in accordance with the above provisions, it must be approved by the board of directors

 


Apply Now