PRODUCT FEATURES
This credit is provided for individuals, particularly to purchase a new car from a collaborated car dealer, under installment for a certain period (in advance or in arrear).
Collaterals: Certificate of ownership of motor vehicle (BPKB), Sales Invoice & Insurance Policy.
Total loan
Min. Rp. 50.000.000,-
Max. Rp. 1.000.000.000,-
Down payment
Minimal 10% (depends on car type and brand).
Period
1 – 3 years.
Fee and Charges
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Administration : Rp. 500.000,-
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Fiduciary agreement : for loans of above Rp. 350 million.
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Car insurance : based on insurance rate
BENEFITS
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Free to decide loan period / tenor.
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Free to decide loan amount.
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Competitive interest rate.
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Quick approval.
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Quick disbursement.
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Auto Debit facility.
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Repayment may be made at anytime.
CONDITIONS
General conditions
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Indonesian Citizen.
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Age: 21- 55 years.
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Domicile: DKI Jakarta, Surabaya, Bandung.
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Minimum monthly income (husband-wife) is 3 times of monthly installment.
Documents required
|
Type of document |
Employees |
Entrepreneurs |
Professionals |
| Photocopy of Applicant’s ID (KTP) |
• |
• |
• |
| Photocopy of Spouse’s ID |
• |
• |
• |
| Photocopy of Certificate of marriage and Family Registration Card |
• |
• |
• |
| Photocopy of Tax Registration (NPWP) / Annual Tax Returns (SPT) |
• |
• |
• |
| Photocopy of Bank account / Savings / Deposits / Mutual funds of the last 3 months |
• |
• |
• |
| Last salary slip / Company’s Statement / Work reference |
• |
|
|
| Photocopy of Business License (SIUP) / Company Registration Certificate (TDP) |
|
• |
|
| Photocopy of Professional License (i.e. Medical, Public Accountant, Notary License) |
|
|
• |
| Photocopy of Company’s Establishment Deed and The Articles of Association |
|
• |
|
| Photocopy of Financial Report of the last 2 years (if any) |
|
• |
|
SIMULATION *
Installment Table per Rp. 1.000.000,-
|
Year |
1 |
2 |
3 |
| Effective Rate |
13.46% |
14.58% |
15.00% |
| Flat (in advance) |
6.25% |
7.25% |
7.75% |
| Installment |
88,542 |
47,708 |
34,236 |
| |
|
|
|
|
Flat (in arrears) |
7.44% |
7.95% |
8,26% |
|
Installment |
89,533 |
48,292 |
34,661 |
*) This is a simulation only. Interest rate can be changed from time to time.
For Example:
Loan : Rp. 100.000.000,-
Duration : 3 years
Monthly installment with advance payment method --> 7.75% flat interest
Rp. 100.000.000,-/1.000.000 x 34.236 = Rp. 3.423.600,-
Monthly installment with arrear payment method --> 8.26% flat interest
Rp. 100.000.000,-/1.000.000 x 34.661 = Rp. 3.466.100,-