Description
Is a short term loan facility provided in Rupiah or USD to finance the working capital needs of our customers that will be spent in one business cycle
Feature
Tenor : up to 1 year
Currency : IDR or USD
Collateral : Cash collateral, fixed asset, other required collateral which is optional determined by bank
Mandatory required documents for loan disbursement : Notice of Borrowing (NoB) & Promissory Note (P-Note)
Other required documents : Copy of Invoice suppliers/Sales Contract/Purchase Order *)
Interest : paid on monthly basis (every 25th for IDR currency and every 26th for USD currency)
Risk
For any delay payment of interest or principal will be impose penalties and the company collectability may be downgraded
If customer violate obligation or breach covenants, risk rating of customer may be downgraded
If over-due more than 180 days, Bank will execute collateral
Benefits
Disbursement can be done anytime in accordance with business need
The unused portion of the loan will not be subject to interest rate
Simulation
Outstanding Principal : IDR 500 Mio
Interest Rate : 12%
Tenor : 180 days
Accrued Interest : (IDR 500 Mio * 12% * 180) / 360) = IDR 30 Mio
*) subject to credit proposal approval
Further Information
Contact Us
Corporate Banking Group
Head Office – Jakarta
PT Bank CTBC Indonesia
Tamara Center 17th Floor
Jl. Jend Sudirman Kav. 24
Jakarta 12920
Telp No. (62-21) 2557 8787 (Hunting)
Ext No. 8728, 8718, 8758, 8619, 8680
Fax No. (62-21) 520 6767
Unit UKM (Small Business)
Head Office – Jakarta
PT Bank CTBC Indonesia
Tamara Center 4th Floor
Jl. Jend Sudirman Kav. 24
Jakarta 12920
Telp No. (62-21) 2557 8787 (Hunting)
Ext No. 3968, 3738, 3946, 3973
Fax No. (62-21) 520 6767
