New Kredit Modal Kerja

Working Capital Loan

Mandiri Working Capital Loan is a loan facility provided to meet working capital needs that run out in one business cycle and/or particular working capital needs such as to finance inventory/receivables/projects or other special needs.
Working capital loan is divided into 2, namely Revolving and Non-Revolving Working Capital Loan.

Loan Features :
1. Revolving Working Capital Loan

  • Loan limit over IDR 500 million to IDR 25 billion.
  • The loan is given in Rupiah and foreign currency.
  • Primary collateral is financed inventory and/or receivables. Additional collateral can be land or land and buildings.
  • Disbursement is carried out at any time as needed.
  • Credit facilities repayment, principal reduction or loan principal payment can be completed at any time during the credit period.
  • Interest payments are completed every period/date as the Bank determines. The interest rate is floating and effective.
  • The maximum term is one year and can be extended.

2. Non-Revolving Working Capital Loan

  • Loan limit over IDR 500 million to IDR 25 billion.
  • The loan is given in Rupiah and foreign currency.
  • Primary collateral is financed inventory and/or receivables. Additional collateral can be land or land and buildings.
  • Disbursement is done all at once.
  • Loan principal payments are paid in installments every certain period as the Bank determines or made all at once when the facility matures.
  • Interest payments are made every period/date as the Bank determines.
  • The maximum term is five years and cannot be extended.

Loan requirements :
1. Conditions for applying:

  • Individual Business Customers:
    • Indonesian Citizen
    • Legally competent
  • Business Entity Customers

    Based on relevant legal provisions, customers who are legal business entities.

2. To apply for financing, the documents required include:

Documents Individual Business Customers Business Entity Customers
Application Form ✓ ✓
Copy of KTP of Applicant & Husband/Wife ✓ -
Copy of Marriage/Divorce Certificate (for those who are married/divorced) ✓ -
Copy of savings/current account statement for at least the last 6 months ✓ ✓
Copy of NPWP ✓ ✓
Copy of business permits (such as SIUP, SITU, TDP/NIB etc.) ✓ ✓
Copy of the Deed of Establishment of the Company and the Deed of Amendment - ✓
Copy of KTP of all company management and shareholders - ✓
Copy of collateral ownership documents (such as SHM/SHGB/SHMSRS etc.) ✓ ✓

Other documents will be adjusted during facility processing.

Simulation of Interest Loan Payment:

  • Revolving Working Capital Loan
  • Loan: IDR 1,000,000,000.00
  • Term: 12 months
  • Interest Rate: 10,5% effective p.a

The estimated interest that must be paid every month is :

Disbursement date Billing date Average Balance Interest rate Estimated Loan Interest payment
23/10/2023 23/11/2023 1,000,000,000 10,5% 9,041,666.67

*) The interest calculation provided above is merely a simulation or estimation and subject to change

Installment Calculation Simulation:

  • Facilities: Non-Revolving Working Capital Credit
  • Loan: IDR 1,000,000,000.00
  • Term: 36 months
  • Interest Rate: 10,5% effective p.a

The estimated interest and principal that must be paid each month is (according to the table)

BankMandiri

The credit details above are a simulation with prorate principal payments every month and subject to change

Loan Risk:
Loan risks that may occur include:

  • Changes in interest rates based on the Bank's considerations or Regulatory provisions
  • Changes in exchange rates (if the credit currency is in foreign currency)

Estimated Loan Costs:
Estimated credit costs in providing credit include:

  • Provision Fees
  • Administration Fees
  • Collateral Binding Fees
  • Collateral Insurance Fees
  • Collateral Appraisal Fee

For further information and applications for Working Capital Credit, you can submit it via the nearest Bank Mandiri branch or Mandiri Call 14000