CommBank BizLoan for Online Merchant

CommBank BizLoan for Online Merchant

Unsecured Loan Facilities owned by PT Bank Commonwealth ("Commonwealth Bank") specific for e-commerce merchants / merchants who have collaborated with Commonwealth Bank and intended for capital needs such as property for business expansion, equipment, inventory, and capital improvement.

CommBank BizLoan can be applied directly through Commonwealth Bank’s partner application/website (e-commerce).

Apply Now !
Click on partner’s logo.


Product Detail

  • Unsecured business loan
  • Loan amount start from Rp10 Million – Rp200 Million (multiples of Rp1 Million)
  • Tenor: 12, 24, and 36 months
  • Interest Rate : 1.19% - 1.49% flat per month (equivalent to 2.07% - 2.63% effective per month)

 

Those who can apply CommBank BizLoan for Online Merchant 

  • Active seller / merchant from e-Commerce partnered with Commonwealth Bank, as follow :

o   Tokopedia

  • 21 – 65 years old (upon loan maturity date)
  • e-KTP
  • NPWP (for loan amount Rp 50 Million)
  • Having no other active loan in Commonwealth Bank
  • Within Commonwealth Bank operational area. Click here for the locations

 

Installment Simulation

Installment illustration per month :

Installment / month = [ loan amount + (flat interest rate per month x tenor x loan amount)] / tenor

Illustration :

  1. The approved loan amount Rp 100,000,000 (One hundred million rupiah)
  2. The approved loan tenor 12 months
  3. Flat rate per month = 1.19%
  4. Disbursement date = 10th
  5. Installment payment due date = 10th of every month (if it falls on weekend/holiday – the due date will be on the previous business day)

 

Installment / month = [100,000,000.00 + (1.19% x 12 x 100,000,000.00)] / 12 = Rp. 9,523,333

 

Loan Amount (Rp)

Installment Amount

Tenor

12

24

36

10,000,000

982,333

565,667

426,778

20,000,000

1,964,667

1,131,333

853,556

30,000,000

2,947,000

1,697,000

1,280,333

40,000,000

3,929,333

2,262,667

1,707,111

50,000,000

4,911,667

2,828,333

2,133,889

60,000,000

5,834,000

3,334,000

2,500,667

70,000,000

6,806,333

3,889,667

2,917,444

80,000,000

7,778,667

4,445,333

3,334,222

90,000,000

8,751,000

5,001,000

3,751,000

100,000,000

9,523,333

5,356,667

3,967,778

110,000,000

10,475,667

5,892,333

4,364,556

120,000,000

11,428,000

6,428,000

4,761,333

130,000,000

12,380,333

6,963,667

5,158,111

140,000,000

13,332,667

7,499,333

5,554,889

150,000,000

14,285,000

8,035,000

5,951,667

160,000,000

15,237,333

8,570,667

6,348,444

170,000,000

16,189,667

9,106,333

6,745,222

180,000,000

17,142,000

9,642,000

7,142,000

190,000,000

18,094,333

10,177,667

7,538,778

200,000,000

19,046,667

10,713,333

7,935,556

 

 

Product Risk

  • Late Charges
    Late charges of 3% per month from unpaid installment is applicable for every late installment repayment. Late repayment will create negative impact on credit collectability based on the prevailing regulation.

Late Charge Illustration :
Late charges fee per day = [(3% x installment per month) / 30 days] x days past due
Example : If installment payment is made on 15th (due on 10th)
5 days late payment fee = [(3% x Rp9,523,333.00)/30 days] x 5 = Rp47,616.67

 

  • Early Payoff
    Customer will be charge for early repayment fee before loan maturity, as follow :
    • 5% from outstanding principal loan amount for repayment within 6 months of disbursement month.
    • 2% from outstanding principal loan amount for repayment after 6 months of disbursement month.

 

Rate and fee for CommBank BizLoan Online Merchant :

CommBank BizLoan Merchant Online Fee

Provision Fee

3% from approved loan amount

Late Payment Fee

3% from outstanding installment per month

Early Payoff

Less than 6 months : 5% from total outstanding principal loan amount

More than 6 months : 2% from total outstanding principal loan amount

 

- Click here for Term and Conditions

- Click here for FAQ

 

For more info, contact Call CommBank 15000 30