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 Celling | Interest Rate | Type Rate | Calculation Method |
< IDR. 10 Billion | 15,00 % | Floating | Anuitas / Sliding |
IDR. 10 Billion up to < IDR. 25 Billion | 14,00 % | Floating | Anuitas / Sliding |
IDR. 25 Billion up to < IDR. 50 Billion | 13,50 % | Floating | Anuitas / Sliding |
IDR. 50 Billion up to Legal Lending Limit | 12,50 % | Floating | Anuitas / Sliding |