Micro Business Loans

Micro Business Loans (KUM) are provided to micro enterprises to finance productive business purposes, both for investment and working capital needs.

Features & Benefits :

• Quick and easy loan process
• Easy terms
• Limit of up to Rp 500 Million
• Tenor of up to 5 years
• Security may be in the form of the object financed and fixed assets.
• Competitive Interest rates on a flat / fixed bases over the loan period
• Monthly installments.

Application Requirements :

• Indonesian citizen domiciled in Indonesia.
• Minimum of 2 years carrying on same business at same location.
• Minimum age of 21 or married. Maximum age of 60 at time when loan is fully repaid.
• Has never obtained a loan facility or has previously obtained or currently has a loan facility that is classified as performing or is not categorized as non-performing
• Documentary Requirements:
  • Copy of applicant’s identity card and copy of identity card of applicant’s spouse.
  • Copy of Family Registration Card
  • Copy of Marriage Certificate (for married applicant) or divorce certificate (for divorced applicant)
  • Copy of NPWP
• Business Certificate from the Village/Sub-district Head, Market Agency or Local Authority where the applicant has his/her business or Business License
• Copy of Mandiri Tabungan or Mandiri TabunganMU passbook issued in the name of the applicant.