CommBank BizLoan
CommBank BizLoan
Unsecured Loan Facilities owned by PT Bank Commonwealth specific for partners' merchants who have collaborated with Bank Commonwealth and intended for working capital needs.
CommBank BizLoan can be applied directly through Bank Commonwealth’s partner website/application.
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
- 21 – 65 years old (upon loan maturity date)
- e-KTP
- NPWP (for loan amount
Rp 50 Million) - Having no other active loan in Bank Commonwealth
- Within Bank Commonwealth 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 :
- The approved loan amount Rp 100,000,000 (One hundred million rupiah)
- The approved loan tenor 12 months
- Flat rate per month = 1.19%
- Disbursement date = 10th
- 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
