Working Capital Loan

Working Capital Credit

Bankaltimtara Working Capital Credit is a short-term credit granted to finance the working capital needs of a company.

The advantage of working capital credit

  • Disbursements can be made at any time in accordance with the needs of business
  • Can be given to an individual or corporate debtor
  • Available in rupiah or foreign currency
  • The interest rate varies according to the size of credit limit
  • Credit can be given as revolving and non-revolving

Regulations of Working Capital Credit

  • Interest calculated annuity or sliding
  • Maximum Bank financing in accordance to the needs and financial evaluation of the results of the business.
  • Fees charged to the borrower are provision fee, insurance fee, notary fee, and stamp duty fee in accordance with Bank.
  • Loan type consists of:
    • Revolving Credit (RC)
      • Undrawn plafond loan bears no interest
      • Can be paid in installments or all at once at the time of loan maturity date
      • Accelerated repayment is not subject to penalty
      • The maximum loan period of 1 year and may be extended.
    • Non Revolving Credit
      • The number of installment is permanent
      • Accelerated repayment is not subject to penalty

Requirements of Working Capital Credit

Individual

  • Delivering a written credit application to the Bank.
  • Attach a copy of KTM / SIM, KK and Photo (Husband & Wife).
  • Attach a copy of the business license-permit
  • Attach the Financial Report (Balance Sheet and Profit / Loss)
  • The main collateral (funded-business) and additional collateral (Copy of land certificate / BPKP / Invoice / IMB).

Company

  • Delivering a written credit application to the Bank.
  • Attach a copy of the entire Board of Directors and Commissioners
  • Attach a copy of Akta Pendirian and its amendments
  • Attach a copy of the business license-permit (NPWP, SITU, SIUP, TDP, GAPENSI membership indication and / or the KADIN)
  • Attach financial reports and cash flow projections
  • The main collateral (funded-business) and additional collateral (Copy of certificate of land certificate / BPKB / Invoice / IMB).
  • Attach Gunning, SPK & Employment contract
  • Feasibility Study of Business

Interest Rate

Loan CellingInterest RateType RateCalculation Method
< IDR. 10 Billion15,00 %FloatingAnuitas / Sliding
IDR. 10 Billion up to < IDR. 25 Billion14,00 %FloatingAnuitas / Sliding
IDR. 25 Billion up to < IDR. 50 Billion13,50 %FloatingAnuitas / Sliding
IDR. 50 Billion up to Legal Lending Limit12,50 %FloatingAnuitas / Sliding