Enjoy a funding facility that You can use to fund your business investment needs with a long term loan commitment (more than 1 year).Commonwealth Bank Investment Loan Product is available in form of Term Loan Term Loan is loan facility granted by the Bank to the customer where the maximum loan tenor is 8 (eight) years and non-revolving whereas the loan’s limit that has been withdrawn may not be re-drawn repeatedly, even though the payment has been made – unlike overdraft. Product FeatureCurrencyIDR/USD/SGD Credit LimitUp to 20 Bio RupiahCollateral TypeHouse, apartment, shop-house, warehouse, factory, land, deposit, SBLCundefinedBenefit✓Installment tenor up to 8 years✓Refinancing ✓Purchase of asset to support businessShort Summary:•Loan Purpose : Investment to fulfill the needs of fixed assets •Loan Tenor : Maximum 8 years•Principal Payment : Monthly•Interest Payment : Monthly•Credit Type : Non-revolving (unable to be re-drawn repeatedly)Loan SimulationCustomer General RequirementsINDIVIDUALBUSINESSDebtor Indonesian Citizen (WNI)Foreign Owned Company (PMA) Domestic Owned Company (PMDN) Age Minimum : 21 years Maximum : 65 yearsN/A DomicileRuns a business where Commonwealth Bank having branchesSales Minimum Rp300 Million per year Length of Business≥2 yearsDocument RequirementsIndividualPTCVIDENTITYCopy of Debtor & Husband / Wife’s KTP✓✓✓Copy of Marriage Certificate/ Akta Nikah (If Married)✓Copy of Family Certificate/ Kartu Keluarga✓Copy of NPWP (Tax File Number)✓✓✓Copy of SIUP (Business License) ✓✓✓Copy of TDP (Company Registration)✓✓Copy of Akta Pendirian (Deed of Establishment)✓✓Copy of Anggaran Dasar (Articles of Association)✓Copy of Anggaran Perubahan (amendment of Articles of Association)✓✓FINANCIALSBank Account ✓✓✓Financial Report ✓✓COLLATERALCopy of Sertifikat Tanah (Land Certificate) ✓✓✓Copy of IMB (Building Permit)✓✓✓Copy of last year’s PBB SPPT and STTS (Land & Building Tax)✓✓✓Submission ProcedureFees and ChargesCredit Facility Fees 1% dari loan limit (one-off fee)Administration Fee 0.1% from loan limit, minimum Rp.500.000,- and maximum Rp. 2.000.000,- (or equivalent for all accepted foreign currency) one –off fee.Overcharge Fee or Late Payment FeeRupiah = 3% per month USD or any other accepted currency = 2% per monthEarly Payment Fee2% from outstandingPartial Payment Fee 2% from settled paymentTake Over Penalty Fee 2% from oustandingBelow is the list of fire insurance company that having cooperation with PT.Bank Commonwealth:No.Fire Insurance1.PT. Asuransi MSIG Indonesia2.PT. Asuransi Allianz Utama Indonesia3.PT. Asuransi Sompo Japan Nipponkoa Indonesia4.PT. Asuransi Dayin MitraRiskInterest Rate Risk Loan interest rate may be adjusted from time to time; The Bank will provide 30 days notification prior to the interest rate adjustment.Currency Exchange Risk The fluctuation of currency exchange rate value may cause a change towards loan in foreign currency, therefore the Bank has to conduct conversion of such loan to Rupiah with prior notification regarding the conversion to the client.