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Time Loan

Seasonal financing solution

Why Time Loan?

Various choice

Variative time period starts from 1, 3 and 6 months

Flexible

Flexible time period adjusting with project based or seasonal period

Trusted service

Trusted, secure and reliable banking service

Time Loan

Time Loan

Seasonal financing solution or project based where you can do withdrawal and repayment anytime during credit facility period

Benefit

Broad network
Broad network all over Indonesia
Various financing alternative
Various financing alternative based that suitable to your business needs
Various kind of business
Able to accommodate various kind of business
Convenient
Provide convenient way to achieve your business target

Important Information

  • The tenor/credit period for a Revolving Time Loan is 1 year and is extendable. The loan can be drawn multiple times
  • The tenor/credit period for an Incidental Time Loan is a maximum of 6 months (only for a 1-time withdrawal) and is not extendable
  • The borrower draws the loan by providing BCA with a notice of drawdown (Surat Permohonan Penarikan Fasilitas Kredit, or SPPFK)
  • The borrower repays the loan on the loan due date/at the end of the credit period for the Time Loan facility by authorizing BCA to debit the borrower’s deposit account
  • BCA makes the loan to the borrower by crediting the funds to the borrower’s account

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

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