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Consumer Loan
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Consumer Loan is the provision of loan facility from the Bank to the customer. Such loan facility can be used to purchase house or vehicles.
Types & Features
Housing Loan
The loan is intended to purchase or renovate house. The customer payment is made through installment basis.
Car Loan
The loan is intended to purchase car or other motor vehicles. The customer payment is made through installment basis.
General Terms & Conditions
General Provisions on Housing Loan
- The purchased house has been equipped with splitting certificate (land title) per land plot and Building Permit (IMB) (except the developer has entered into cooperation agreement with Bank Ekonomi)
- The debtor has savings or demand deposit accounts with Bank Ekonomi, an Indonesian citizen, married, aged minimum 21 years, maximum 55 years
- The provision of KPR for used house is only for those who have Land Certificate, at least minimal Building Usage Right (HGB) and have Building Permit (IMB)
- Lease back of the house which has been purchased is not recommended, except in other forms of credit
- Identity card of the debtor and or the owner of the house, which us used as collateral as well as the relevant land certificate and IMB must be complete and the legitimacy must be clarified first.
- The debtor signs the credit agreement or acknowledgement of indebtedness, Power of Attorney To Place Mortgage Right, Deed of Mortgage Right Placement, acceptance certificate and other letter or deeds
- Full payment of the partial credit facility can be made at any time after the loan has elapsed for at least 6 months and administrative cost is charged.
- The whole full payment before the due date is charged with the administrative cost.
- The debtor must place credit life insurance and the collateral must be insured through the Bank
- Mortgage Right must be placed on the collateral
Document Requirements in General
| Documents | Employee | Businessmen | Professional |
|---|---|---|---|
| Photocopy of Resident’s Identity Card (KTP) of the Applicant & husband/wife | √ | √ | √ |
| Photocopy of Family Card & Marriage Certificate | √ | √ | √ |
| Photocopy of Taxpayer Registration Number (NPWP)/Annual Tax Return of Article 21 Income Tax (SPT 21)* | √ | √ | √ |
| Photocopy of Savings/Demand Deposits account for the last 3 months | √ | √ | √ |
| Photocopy of SIUP (Company Business License) & TDP (Certificate of Company Registration) | √ | ||
| Photocopy of the Company’s Deed of Incorporation Completely | √ | ||
| Photocopy of Permit To Hold Practice | √ | ||
| Photocopy of the last Financial Statements/Sales Report | √ | ||
| Certificate of Employment/Salary Slip (original) | √ |
General Provisions on Car Loan
- The debtor must be personal customer
- The debtor shall open demand deposits or savings account with the Bank
- Credit facility is not used for the lease back of the vehicles, which has been owned
- The fiduciary security for the vehicles is made before a notary public
- BPKB (Motor Vehicles Owner’s Book/Certificate) used as security is frozen/suspended in the local Police for Provincial level
- The identity card of the debtor and the relevant documents on the vehicles ownership must be complete and the legitimacy of which must be clarified first
- The debtor signs the acknowledgement of indebtedness, blank receipt for used cars, acceptance letter and other letters or deeds
- The vehicle insurance shall be all risks in favor of the debtor containing Bankers clause and the insurance policy shall be submitted to the Bank. The debtor bears the insurance charge and the cost of insurance
- The debtor must place a certain amount of funds in his/her Bank accounts, which is frozen (the payment is stopped) during the period of credit
- The full payment of partial or the whole remaining installment is charged with the administrative cost
- Review of the credit interest rate is periodically made in accordance with the policy of the Bank
Document Requirements in General
| Documents | Employee | Businessmen | Professional |
|---|---|---|---|
| Photocopy of Resident’s Identity Card (KTP) of the Applicant & husband/wife | √ | √ | √ |
| Photocopy of Family Card & Marriage Certificate | √ | √ | √ |
| Photocopy of Land and Building Tax (PBB)/Deed of Sale and Purchase (AJB)/Sertificate or Land Title | √ | √ | √ |
| Photocopy of Taxpayer Registration Number (NPWP)/Annual Tax Return of Article 21 Income Tax (SPT 21)* | √ | √ | √ |
| Photocopy of Savings/Demand Deposits account for the last 3 months | √ | ||
| Photocopy of SIUP (Company Business License) & TDP (Certificate of Company Registration) | √ | ||
| Photocopy of the Company’s Deed of Incorporation Completely | √ | ||
| Photocopy of Permit To Hold Practice | √ | ||
| Photocopy of the last Financial Statements/Sales Report | √ | ||
| Certificate of Employment/Salary Slip (original) | √ | ||
| FC Surat Pemesanan Kendaraan (SPK) | √ |
FAQ
How can I apply this Consumer Loan?
To apply for this Consumer Loan, you can visit Bank Ekonomi nearest branch and fill-in the application.
For what purchases can this KPR facility be used?
This KPR facility can be used to purchase used house new house (landed house), shop
house (ruko), office house (rukan), apartment, as well as your house renovation.
What models or scheme of payment installment can I select?
There are two (2) models of payment in installment which can be selected, i.e. fixed
installment amount or fixed principal installment (the amount of the installment
changes).
What type of interest is used to calculate the installment?
The interest rates used is based on the current prime lending rates.
For Car Loan, is the first installment also included in the component of the
total first payment?
No, the first installment is not included in the component of total first payment
calculation (in arrear).
