Product Definition :
A Revolving Loan is a permanent working capital financing loan, with the amount reflected in the company’s cash flow. Funds can be withdrawn according to the debtor’s needs using a Promissory Note/Letter of Commitment, provided the withdrawal does not exceed the agreed-upon loan limit between the Bank and the debtor. The portion of the loan that has been repaid can be re-borrowed, as long as the remaining loan limit is sufficient and the loan term is still valid (maximum 1 year and extendable).
Advantages :
Short-term loan period of 1 (one) year, with the possibility of extension.
Features :
- The credit limit is based on the business feasibility and the customer’s needs.
- The minimum usage period for each drawdown is 30 days.
- Credit disbursement can be made using checks/giro slips with the following disbursement increments:
- For loan limits up to IDR 500 million, the minimum disbursement increment is IDR 50 million.
- For loan limits between IDR 500 million and IDR 1 billion, the minimum disbursement increment is IDR 100 million.
- For loan limits above IDR 1 billion, the minimum disbursement increment is IDR 200 million.
- The maximum loan term is 1 year, with the option for extension. The loan can be in USD currency.
Collateral can be in the form of movable or immovable property, such as land and buildings, or other assets deemed sufficiently valuable by the Bank.
Requirements :
- Personal identification documents.
- Company identification documents.
- Financial information documents.
- Collateral documents/information.