BCA - Local Loan

Important Information

Terms and Conditions for Individuals

Aged over 17 years or married
Indonesian citizen
Not having been declared bankrupt nor being in bankruptcy proceedings

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

A copy of the time deposit placement certificate (bilyet deposito)

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

The credit facility has a term of one year and may be extended
Fund withdrawal with a signed application letter (SPPFK) by the debtor equipped with export plan documents
Repayment can be made by debiting the debtor's fund account based on the power of attorney that has been given
Facility realization is done by book transfer to the debtor's account

Main Features, Benefits, and Risks of Local Credit

Main Features of Local Credit

The credit facility has a term of one year and may be extended.
The borrower may make multiple withdrawals during the facility term, up to the approved credit limit, using the withdrawal facilities linked to the debtor's current account.
The outstanding credit balance may be repaid at any time.
The facility is provided by establishing a credit limit linked to the borrower’s current account.
Interest is calculated based on the actual number of days the credit facility is used and is payable on the 25th of each month. If the 25th falls on a non-business day, the borrower must ensure sufficient funds are available in their BCA account by the preceding business day.

Benefits

Interest is calculated based on actual usage, according to the number of days the credit facility is used.
The facility offers flexible access to credit, allowing withdrawals at any time and anywhere using the available facilities linked to the current account.
Local Credit can be used to finance working capital and business operations, including inventory purchases and trade receivables.

Risks

Late payment of interest or other outstanding obligations may result in late payment penalties and be recorded in the Financial Information Services System (SLIK) maintained by the Financial Services Authority (OJK).
If the borrower fails to meet their payment obligations as stipulated in the agreement, BCA reserves the right to take action in accordance with the applicable credit provisions. Interest rates may change at any time depending on Bank Indonesia (BI) interest rates, market conditions, and BCA policies.
Interest rates may change at any time depending on Bank Indonesia (BI) interest rates, market conditions, and BCA policies.

Additional Information

Local Credit facilities are reviewed at least once a year.
If the facility reaches maturity and is not renewed, the borrower must repay the outstanding credit balance and accrued interest through their current account.
Changes in interest rates will affect the interest payable on the credit facility.
Interest accrued from the use of the credit facility is billed and debited on the 25th of each month.
If sufficient funds are unavailable on the debit date, the amount due will become overdue and must be settled. Failure to settle the overdue amount may result in suspension of the credit facility.
To close the Local Credit facility, the borrower must complete the Loan Repayment Form and ensure that sufficient funds are available in the relevant current account to settle the outstanding balance.
BCA reserves the right to amend the benefits, fees, risks, and terms and conditions of this product and/or service. BCA will notify customers of such changes through any means and in any form in accordance with applicable regulations, no later than 30 business days before the changes take effect.
(Prospective) borrowers may receive offers for other products from third parties collaborating with BCA, provided that they have given BCA permission to share their data with such third parties.
(Prospective) borrowers may receive offers for BCA products and/or services, as well as products and/or services from third parties collaborating with BCA, through personal communication channels, provided that they have given BCA permission to receive such offers through these channels.

Fees

(Prospective) borrowers will be charged fees determined based on BCA's calculations and analysis, including:

Interest charges calculated based on daily usage.
A credit facility origination fee, as determined in the credit decision.
A credit facility administration fee, as determined in the credit decision. If the credit limit or other terms are changed, the administration fee will be charged based on the revised terms.
Notary fees for notarizing the Credit Agreement.
Collateral registration fees for notarized registration documents.
Insurance premiums for non-cash collateral.
Appraisal fees for non-cash collateral.
Penalties for overdue payments.
Other fees arising from the processing of credit-related activities, including:
- Fees for the return and release of collateral registration documents: IDR 500,000 per registration document.
- Fees for storing collateral documents belonging to borrowers who have fully repaid their loans: IDR 500,000 per month per borrower.

Note

This fee information is general in nature and may be subject to change based on the credit decision or other applicable provisions. Any additional fees arising from the processing of credit applications or other credit-related activities will be charged and communicated through appropriate channels in accordance with applicable laws and regulations.

Local Loan

Why Local Credit?

Usage Based

Flexible

Trusted Service