Working Capital Loan

Working Capital Loan

Working Capital Credit" is a type of financing aimed at funding productive activities, where the repayment of this credit facility is expected to come from the profits earned. Essentially, the credit repayment will not disrupt the business itself.

 

USE

  1. Agricultural Business. Credit for financing the purchase of materials directly for agriculture and trade from unprocessed agricultural products.
    b. Credit for the maintenance costs of producing crops.
  2. Industrial Enterprises. Credit for processing raw materials to finished goods.
  3. Commercial Enterprises. Credit for the purchase and sale of merchandise.
  4. Service Effort. Credit for financing the operation of workshops, tailors, transportation, land processing services, and so on.
    b. Credit to finance the labor costs of a productive business.c. Credit for transportation/production costs.

CREDIT TYPES

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

PERIOD

  1. Maximum Installment Credit of 60 months
  2. Regular Credit maximum of 12 months
  3. Property Loan and Mortgage 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 with decreasing interest
  3. Back to Back Loans with interest rates:
    • Nusamba deposit minimum +5 of the deposit interest rate
    • Super Plus deposit at least +10 of the interest rate listed on the bilyet
    • Savings of at least +5 of the highest interest rate of the plan session
    • Credit ceiling maximum of 95% of the nominal amount of Deposits or Savings that are blocked

COST

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 of 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, applicable provisioning fee minus 0.5
  • Credit > 12 months of provision is calculated proportionally
  • Restructuring credit of 1% of the restructured debit balance

ATK & Survey Fees

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

Compulsory Savings, Insurance, and Social Security

  • Savings must be charged 1% of the credit ceiling for all credit customers, with the name of SIWANA savings product except for back to back credit
  • Compulsory life insurance, except for back to back credit and the debtor's age exceeds 70 years at the time of maturity, unless the insurance is rejected by the insurance company
  • Debtors are expected to participate in the government's social security program in the form of a minimum BPJSTK (Work Accident Insurance and Death Insurance) unless they are over 65 years old

CONDITION

Individual

  1. Fill out the credit application form
  2. Fill out a statement of willingness to search debtor information data (SLIK)
  3. Complement the application with:
    • Photocopy of Husband, Wife's and/or guarantor ID card
    • Photocopy of Family Card
    • Photocopy of Marriage Certificate / Marriage Certificate
    • Photocopy of guarantee (Certificate of Ownership, Certificate of Building Rights), last SPPT, STNK, BPKB, Rub Frame Number and Machine Number
    • Copy of SIUP, NPWP, Business Certificate (if applicable)
    • Photocopy of salary slip or bank statement mutation at another bank
    • Financial transactions for businesses run in the last 3 months
  4. Willing to conduct a residential survey or request supporting data for a loan

Enterprises

  1. Fill out the credit application form
  2. Fill out a statement of willingness to search debtor information data (SLIK)
  3. Complement the application with:
    • Copy of the Administrator's ID Card
    • Photocopy of the Deed of Appointment of the Board
    • Photocopy of SIUP/NPWP/Deed of Establishment/Deed of Amendment
    • Financial statements
    • Minutes of approval for borrowing credit
    • Photocopy of the letter of guarantee
  4. Willing to conduct a residential survey or request supporting data for a loan

 

BENEFIT:

  1. Credit that can meet customer needs is mainly intended as working capital
  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 the placement of collateral or the taking of one of the collateral is subject to 1% of the loan debit balance
  3. Loans that cancel dropping after receiving credit approval from the committee are charged according to the applicable bank regulations
  4. Fines are imposed at 0.1% per day of outstanding principal and/or debit interest in arrears
  5. Fixed interest rate credit repayment calculation: if the repayment is accelerated before maturity, then the principal to be paid is the interest calculated based on the applicable interest until the period of repayment, 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
  7. For more information, please scan the QR code

 


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