Overdraft

Summary

Loan Purposes Daily cash flow & unexpected cost
Currency IDR/ USD/ SGD
Loan PeriodMax 1 year
Loan Limit IDR100 million - IDR20 billion
Collateral Type Residential, apartment, Shop House, warehouse, factory, vacant land, time deposit, SBLC
Principal RepaymentMonthly
Interest Repayment Monthly
Credit Characteristic Revolving

Benefit

?Loan principal withdrawal and repayment at any time
?Suitable for working capital needs / seasonal expense / unexpected cost.

Risk

Interest Risk
Loan interest rate may change from time to time, Bank will give advance notification in relation to respective loan interest rate change.

Currency Risk
Foreign currency fluctuation may cause change toward loan in foreign currency, hence Bank need to convert currency to IDR for the respective loan, Bank will give advance notification in relation to respective conversion

Eligibility Criteria

  Individual Company
BorrowerIndonesian Citizen (WNI)Foreign Investment Company (PMA) or
Domestic Investment Company (PMDN)
AgeMin : 21 years old
Max. : 65 years old(Minors with a Marriage Certificate are allowed to apply)
Not Applicable
Domicile Unless otherwise stated within this policy or SME Loan Product Policy eligibility criteria extends to any location where PTBC has a branch presence nearby
Sales Min. IDR300 mio p.a.
Business Period ≥2 years

Required Documents

 IndividualCompanyCV
IDENTITY   
Copy of Borrower Identity Card and Spouse Identity Card???
Copy of Marriage Certificate or Single Status Statement?  
Copy of Family Card?  
Copy of Tax Registration Number or Annual Tax Payment ? ? ?
Copy of Business License ? ? ?
Copy of Establishment Deed   ? ?
Copy Articles of Incorporation   ?  
Copy Articles of Association Amendment Deed   ? ?
FINANCIAL      
Saving Account / Current Account Statement ? ? ?
Financial Report   ? ?
COLLATERAL      
Copy of Land Certificate of Ownership ? ? ?
Copy of Building Permit (IMB) ? ? ?
Copy of the Latest Land and Building Tax Slip (PBB) ? ? ?

Submission Procedure

Fee

Facility Fee1% of loan limit per annum
Administration Fee0.1% of loan limit, min. IDR500,000.- and max. IDR2,000,000.- (or equivalent for other approved currency) per annum & per CIF
Overdrawn InterestIDR = 3% per month
USD or other approve currency = 2% per month
Early Termination FeeFree of Charge
Partial Repayment Fee Free of Charge
Take Over Penalty 2% of loan limit

List of insurance company which has cooperation agreement with PT. Bank Commonwealth is as follow:

No.Fire Insurance
1.PT. Asuransi Allianz Utama Indonesia
2.PT. Asuransi Wahana Tata
3.PT. Asuransi Sinarmas
4.PT. Asuransi MSIG
5.PT. Asuransi Lippo
6.PT.Asuransi Adira
7.PT. Asuransi Indrapura
8.PT. Asuransi ACE-Jaya Proteksi
9.PT. Asuransi Dayin Mitra
10. PT. Ramayana
11. PT. Tri Pakarta