Bizloan


BizLoan is a mobile application by Commonwealth Bank that facilitate small and medium entrepreneurs to apply for unsecured business loan online without having to come to Commonwealth Bank branches. Download BizLoan on Google Play for Android smartphone (version 4.0 and up) or App Store for iOS smartphone.

Product Details:

  • Unsecured business loan
  • Loan amount starting from Rp 50 million up to Rp 500 million
  • Loan repayment term up to 3 (three) years
  • Competitive interest rate equivalent to 1.09% - 1.30% flat per month

Who can apply for BizLoan :

  • Individual / entrepreneur with legal entity (PT, CV, Firm)
  • The business has been running for a minimum of 2 (two) years
  • Domicile of business is in Jabodetabek or Surabaya area
  • Monthly sales turnover of Rp25 million - Rp 5 billion

Required Documents:

  1. KTP, Family Card (KK) and NPWP.
  2. Business license such as SIUP / TDP / SKU / SKDU or proof that the business has been operating for at least 2 years.
  3. If you have a legal entity (eg. PT, CV, Firm), submit the deed of establishment and its amendment
  4. Photos of your business (front view, neighborhood, merchandise, employee / business activity)
  5. Last 3 months bank statement
  6. If you are married, also submit your partner ID (KTP) and marriage certificate.
  7. Proof of ownership of house or place of business (Electricity Account / Telephone Account / UN / Certificate of Sale / Purchase of Certificate).

Enjoy BizLoan Benefits

  • Convenient
    Apply and monitor your loan submission process using your smartphone every day.
  • Secured
    Protected with layered security features, including PIN and SMS OTP (One Time Password).
  • Tariffs and Fees
    BizLoan mobile application is free of registration fee and monthly fee

Please refer to this table for unsecured business loan product fees and charges:

Unsecured Business Loan Fees and Charges

Facility and Administration Fee

3% of total approved loan amount

Late Payment Fee

3% of unpaid installment per month

Registration Fee

Free

Monthly Fee

Free

How to apply for BizLoan:

  • Download BizLoan app on Google Play or App Store.
  • Register yourself in the app to start your loan application

BizLoan Features:

  • Mobile loan application
  • Loan simulation calculator
  • Ability to upload photos of required credit application requirement in the app
  • Monitor the status of your loan application from the app
  • SMS notification

Installment simulation

Facility Value (Loan Amount) (Rp)

Loan Term

1 Year

2 Years

3 Years

50,000,000

4,800,870

2,719,011

2,041,261

100,000,000

9,601,740

5,438,023

4,082,522

150,000,000

14,256,630

8,005,728

5,963,974

200,000,000

19,008,841

10,674,304

7,951,965

250,000,000

23,519,080

13,093,327

9,677,430

300,000,000

28,222,896

15,711,992

11,612,916

350,000,000

32,926,712

18,330,657

13,548,403

400,000,000

37,630,529

20,949,322

15,483,889

450,000,000

42,334,345

23,567,988

17,419,375

500,000,000

47,038,161

26,186,653

19,354,861

For further information, please Call CommBank on 15000 30