BCA - Installment Loan

Why Installment Loan?

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

Fund can be used anytime with well-planned installment credit payment

Trusted, secure and reliable banking service

Important Information

The tenor/credit period is a maximum of 5 years without a grace period and is non-extendable
The loan can be drawn either in stages or all at once without a grace period
The borrower repays the loan by authorizing BCA to debit the borrower’s deposit account
BCA makes the loan advances to the borrower by crediting the funds to the borrower’s 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