BizLoan

 

BizLoan is a mobile application by Commonwealth Bank that facilitate small and medium entrepreneurs to apply for unsecured business loan online without having to come to Commonwealth Bank branches. Download BizLoan on Google Play for Android smartphone (version 4.0 and up) or App Store for iOS smartphone.

   

Product Details:

  • Unsecured business loan
  • Loan amount starting from Rp 50 million up to Rp 500 million
  • Loan repayment term up to 3 (three) years
  • Competitive interest rate equivalent to 1.09% - 1.49% flat per month (effective per 01 July 2018)

Who can apply for BizLoan :

  • Individual / entrepreneur with legal entity (PT, CV, Firm)
  • The business has been running for a minimum of 2 (two) years
  • Domicile of business is in Jabodetabek or Surabaya area
  • Monthly sales turnover of Rp25 million - Rp 5 billion

No. Mandatory Document Requirement(Photocopy/Original/Photo) Individual PT/CV/Firm
1 Applicant KTP
2 NPWP
3 Spouse National ID  
4 Business License (SIUP, TDP, SKU, SKDP/SITU)
5 Last 3 months Bank Statement
6 Marriage Certificate or Family Card  
7 Deed of Establishment (including Amendment)  


Enjoy BizLoan Benefits

  • Convenient
    Apply and monitor your loan submission process using your smartphone every day.
  • Secured
    Protected with layered security features, including PIN and SMS OTP (One Time Password).
  • Tariffs and Fees
    BizLoan mobile application is free of registration fee and monthly fee
  • Free Life Credit Insurance*
    Free life credit insurance for Customers with minimum disbursement amount of Rp200 million up to Rp500 million
    1. *Life insurance facility is provided by PT. Commonwealth Life
    2. PT. Commonwealth Life is a legal entity and a financial institution which is listed and supervised by Otoritas Jasa Keuangan
    3. Life insurance feature on BizLoan is not the Bank’s responsibility and not as a collateral
    4. For further information about life insurance feature, please visit www.commlife.co.id

Please refer to this table for unsecured business loan product fees and charges:

Unsecured Business Loan Fees and Charges

Facility and Administration Fee

3% of total approved loan amount

Late Payment Fee*

3% of unpaid installment per month

Early Repayment Fee 
Early repayment before 6 months: 5% from outstanding amount 
Early repayment after 6 months 2% from outstanding amount 

Registration Fee

Free

Monthly Fee

Free

* Late payment may cause negative effect to your credit history record. This can affect your possibility to getting a loan in the future

How to apply for BizLoan:

  • Download BizLoan app on 
       
  • Register yourself in the app to start your loan application

BizLoan Features:

  • Mobile loan application
  • Loan simulation calculator
  • Ability to upload photos of required credit application requirement in the app
  • Monitor the status of your loan application from the app
  • SMS notification

Installment simulation

Facility Value (Loan Amount) (Rp)

Loan Term

1 Year

2 Years

3 Years

50,000,000

4,884,199

2,805,946

2,133,548

100,000,000

9,768,399

5,611,893

4,267,096

150,000,000

14,652,598

8,417,839

6,400,644

200,000,000

19,174,217

10,845,651

8,132,888

250,000,000

23,967,771

13,557,064

10,166,110

300,000,000

28,761,325

16,268,477

12,199,332

350,000,000

33,554,879

18,979,890

14,232,554

400,000,000

37,630,529

20,949,322

15,483,889

450,000,000

42,334,345

23,567,988

17,419,375

500,000,000

47,038,161

26,186,653

19,354,861

For further information, please Call CommBank on 15000 30

Privacy Policy
The BizLoan Application Privacy Policy click here.


Terms and Conditions
The BizLoan Application Terms and Conditions click here