New Pembiayaan Distributor

Distributor Financing

Mandiri Distributor Financing is a loan facility provided to finance Distributors recommended by the Principal that have an agreement with Bank Mandiri.

Benefit :
Providing financing solutions for invoices related to the purchase/distribution of products or services on behalf of the Principal.

 

Loan Features :

  • Loan limit over IDR 500 million to IDR 25 billion.
  • The loan is given in Rupiah.
  • The loan term is one year and can be extended.
  • Loan facilities are revolving; the disbursements are non revolving.
  • The main collateral is the stock or account receivable to its Principal; the additional collateral can be a fixed asset and/or bank deposit min. 50% of the credit limit.
  • Interest rate as determined by the Bank.
  • Disbursement is carried out over the invoice claim by its Principal.

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 ✓ ✓
Deed of Establishment of Business Entity - ✓
Copy of Identity of Applicant/Manager/Owner ✓ ✓
Business Licensing (SIUP, NIB, SITU/Business Domicile Certificate) ✓ ✓
Copy of NPWP ✓ ✓
Financial Reports for the Last 2 (Two) Years Period ✓ ✓
Current account for at least the last 6 months of bank statements from Bank Mandiri and/or other banks ✓ ✓
Collaboration Document/Appointment/Appointment of Distributor ✓ ✓

Other documents will be adjusted during facility processing.

Simulation of Interest Loan Payment:

  • Distributor Financing
  • Plafond: IDR 10,000,000,000.00
  • Withdrawal Amount: IDR 100,000,000.00
  • Facility Term: 12 months
  • Interest Rate: 11% effective p.a

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

Financing tenor*
(a)		 Withdrawal Amount
(b)		 Interest Rate**
(c)		 Estimated Loan Interest payment per day
(d)
60 days 100,000,000 11% 1,833,333.33

*The financing tenor adjusts to business patterns
**follows the applicable interest rate

Credit interest calculation formula
(d) = (b) x (c) x (a)/360

Loan Risk:
Loan risks that may arise 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 Fee
  • Administration Fee
  • Collateral Binding Fee
  • Collateral Insurance Fee
  • 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