BCA - Local Loan

Why Local Credit?

Credit payment is processed through installment with interest calculation based on the day of credit usage

Fund can be anytime with well-planned installment credit payment

Trusted, secure and reliable banking service

Local Loan

Flexible financing solution for withdrawal and repayment that can be done anytime during credit facility time period through checking account

Benefit

Important Information

The tenor/credit period is 1 year and is extendable
The loan can be drawn multiple times throughout the credit period up to the maximum limit by using cheques or Bilyet Giro
The borrower can repay the loan at any time
BCA makes the loan to the borrower by providing a maximum limit for drawdown in the current account

Terms and Conditions for Individuals

Terms & Conditions for Business Entities

Incorporated/established in Indonesia under the Indonesian law
Compliance with the borrower’s Articles of Association and the prevailing laws and regulations
Not having been declared bankrupt nor being in bankruptcy proceedings

Documentary Requirements

A copy of the Resident Identity Card (KTP)
A copy of the Taxpayer Identification Number (NPWP) Card *)
A copy of the Family Card
A copy of the Spouse's Resident Identity Card (KTP)
A copy of the Marriage Certificate
A copy of the Certificate of Divorce/Death *)
A copy of the Resident Identity Card (KTP) of the members of the Board of Directors and Board Commissioners **)
A copy of the Resident Identity Card (KTP) of the Shareholders **)

*) Mandatory, if any, for individual borrowers; optional for business entities

**) Only for business entities

Documentary Requirements for Collateral

Required Documents for Collateral in the form of Real Property

A copy of the Land Certificate
A copy of the KTP and NPWP of the Collateral Owner (If the collateral is registered in the name of another person)
A copy of the Building Permit (IMB)
A copy of the latest Notice of PBB (Land and Building Tax) Due
A copy of the proof of payment of the latest PBB (Land and Building Tax)

Required Documents for Collateral in the form of Time Deposit

Financial Documents

A copy of the Audited Financial Statements *)
A copy of the Internal Financial Statements *)
A copy of account statements for accounts opened at Other Banks (at least for the last 4 months)

*) Madatory, if any