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Working Capital Loan – Contract Financing

Contract Financing Facilities is working capital loan provided to Suppliers/Vendors/Contractors from Bouwheer/project owners of APBN Ministries/Agencies, BUMN/BUMN Group companies, and selected private companies.

Benefit :
Providing additional working capital solutions to support the work completion of contracts, purchase orders, or similar agreements.

 

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.
  • Package offering non-cash loans for Bank Guarantees, Letters of Credit (L/C), and SKBDN issuance.
  • Main collateral are stock or account receivables to its Principal, with additional collateral requested can be fixed asset and/or Bank Deposit (Deposito).
  • Interest rate as determined by the Bank.
  • Credit withdrawals are based on the Work Contract/Purchase Order/Similar Documents confirmed to the Bouwheer/Work Owner.

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:

Document 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 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 - ✓
Recommendation Letter from Principal ✓ ✓
Work Contracts/Purchase Orders/Similar Documents for both works that have been worked on and those that will be financed
(if the contract to be financed is not yet available, it can be submitted)		 ✓ ✓

Other documents will be adjusted during facility processing.

Simulation of Interest Loan Payment:

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

The estimated interest and principal that must be paid is:

initial billing date
(a)		 billing end date
(b)		 Average Balance
per month
(c)		 Interest rate
(d)		 Estimated Loan Interest
payment per day
(e)
23/10/2023 23/11/2023 1.000.000.000 10,5% 8.750.000,00

*follows the applicable interest rate

Credit interest calculation formula
(e) = (c) x (d) x [((b)-(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