Product Information

LOAN

  • Business Premises Ownership

Danamon provides another leading product of Business Premises Ownership of Store that is a kind of funding to buy new business site such as store and office with a longer period of instalment. A more affordable instalment where the remaining basic fund may be paid-off on the due date of the loan.

BENEFITS

The benefit of the product including:

  • BENEFICIAL, fixed interest of 9.00% for the first 2 years and 9.25% for the first 3 years during promotion period;
  • FLEXIBLE, Loan period is up to 20 years;
  • AFFORDABLE, minimum down payment at 10%;
  • BALLOON PAYMENT is available up to 30% maximum;
  • LOAN TO VALUE is up to 90%.

 

FUNDING PURPOSE
BPO of Store is provided for purchasing a productive asset such as shop/office in supporting the Customer business activities, including a Take-Over.

SPECIAL FEATURE

Balloon Payment is a funding with the remaining basic fund has to be paid off on the due date (periodical instalment with 70% of the basic fund will be in instalments according to the tenure and the remaining 30% will be paid off on the due date of the loan. The maximum period of the loan with balloon payment is 8 years.

 

COLLATERAL STATUS
Certificate of Ownership/Strata Title (under Development Right asset is not allowed)

 

INSTALLMENT METHOD

  • Decreasing instalment;
  • Fixed instalment.


BISA Periodical Instalment.

BISA Periodical Instalment is a loan provided by Bank Danamon for investment necessity and refinancing (including taking over) in supporting the Customer business activities which should be bundled with CASA product and e-channel service.

 

BENEFITS

  • Competitive interest rate;
  • Cashback based on current account average balance;
  • Free Checkbook/BG fee*;
  • Free transaction fee*;
  • Free 5 token of internet banking cash@work fee;
  • Foreign exchange rate subsidy +/- 5 bps.

*If the Giro BISA average balance is more than Rp 100 million.

 

FUNDING PURPOSE
The instalment facility is purposed for purchasing/refinancing of business place in the form of commercial property (warehouse, company, store, office, strata title kiosk).

 

CREDIT LIMIT

  • New Customer up to Rp 20 billion;
  • Existing Customer up to Rp 30 billion (including working capital calculation).

 

CASH BACK
Cashback is calculated based on the ratio of current account average balance and the remaining instalment up to 1.25% p.a.

 

COLLATERAL STATUS
Store, Office, Commercial Property, Workshop, Warehouse, Strata Title Shop/Kiosk with a certificate of ownership/strata title.
*) Only for productive investment and is not allowed for land purchasing/developing for a developer.

  • Checking Account Credit

Loan facility that is provided for working capital necessity. Checking Account Credit (CAC) is a short-term loan and the period of instalment can be extended.
This product offers flexibility where the Customer may withdraw at any time using chequebook/BG during the credit period.
This product is also available on USD and SGD currencies. This facility is provided for the selected debtor whose the revenue is in USD and SGD. The withdrawal mechanism using USD and SGD currencies is using withdrawal slip.

 

Benefit

  • Interest can be paid according to the tray debt used; the basic fund is paid off on the due date of credit.
  • Loan facility withdrawal can be more flexible according to the Customer cash flow needs.
  • The Customer may apply extension facility request if necessary.

 

Risks

  • If the fund is not available when the withdrawal of clearing scrap (chequebook/BG), then there will be a clearing rejection and may affect the Customer’s track record on the blacklist of Bank Indonesia.
  • If the facility usage is over limited, then there will be a higher interest of the excessing.
  • If the interest payment is late, then it will affect the Customer’s credit quality recorded in Bank Indonesia and there will be fined.
  • If the credit facility is due dated and the Customer fails to pay the basic fund and the interest, then it will affect the Customer’s credit quality recorded in Bank Indonesia and the lost of higher interest payment above the normal interest, calculated by all the debt trays.
  • The possibility of interest rate increasing, following the current market mechanism.
    Requirements and procedures

 

Requirements and procedures

Requirements will be presented on the Credit Application Form.

  • Withdrawal procedures for Rupiah Checking Account Credit will use chequebook and BG as the medium.
  • The Checking Account Credit for SGD or USD is using withdrawal slip medium.
  • Interest payment will be on every 10 each month.
  • If the due date of interest and/or the due date of the promissory note and/or the due date facility falls on Saturday/Sunday/Holiday, then the interest and/or basic fund payment will be debited on the last working day.
  • For information/complain about Periodic Credit Bank Danamon, the Customer may visit the nearest branch or call Hello Danamon at 1-500-090. The procedure of complains referring to the offering letter that has been presented to the Customer before the Letter of Credit is signed.
 

Simulation

Checking Account Credit interest calculation *)

Checking Account Credit Limit IDR 1.000 booked, interest on 14% p.a. (in million rupiahs)

Date

Transaction

Debit

Credit

Balance

1 Jan 15

100

1 Jan 15

Clearing Withdrawal

100

0

5 Jan 15

Cash Deposit

200

200

8 Jan 15

Cash Withdrawal

500

-300

10 Jan 15

Interest Fee

0.233

-300,233


The interest will be debited as the following calculation:

Dated on 1-5 Jan 15; 4 days; 0x4x14%p.a./360 = IDR 0,-

Dated on 5-8 Jan 15; 3 days; 0x3x14%p.a./360 = IDR 0,-

Dated on 8-10 Jan 15; 2 days; 300x2x10%p.a./360 =IDR 0,233


Fine Calculation of Checking Account Credit

Fine Interest 38% p.a., will be charged to the exceeding limit used.

Date

Transaction

Debit

Credit

Balance

10 Jan 15

Interest Fee

0,233

-300,233

20 Jan 15

Clearing Withdrawal

698

-998,233

10 Feb 15

Interest Fee

9,319

1.007,553

20 Feb 15

Cash Deposit

200

-807,553

10 Mar 15

Fined Fee

0,079

-807,612

10 Mar15

Interest Fee

9,571

-817,183

 

Fined fee is calculated by:

Dated on 10 Feb – 20 Feb 15; 10 days; IDR (1.007,553 -1.000) x10x38%/360 = IDR 0,079


Interest fee is calculated by:
Feb:

Dated on 10 Jan – 20 Jan 15; 10 days; IDR 300,233x10x14%p.a/360 = 1,167
Dated on 20 Jan – 10 Feb 15; 21 days; IDR 998,233x21x14%p.a/360 = 8,152
Total Interest on Feb = 9,319


Mar :

Dated on 10 Feb – 20 Feb 15; 10 days; IDR 1.007,55x10x14%p.a/360 = 3,918
Dated on 20 Feb – 10 Mar 15; 18 days; IDR 807,55x18x14%p.a/360 = 5,653
Total Interest on Mar = 9,571


Interest payment date is every 10 in each month.

*) above calculation example is a simulation example and not the real one.

 

Periodical Credit

eriodical credit is a loan facility for working capital. It is a short period loan and the period can be extended.
Loan withdrawal uses the promissory note with particular maximum time period up to the credit facility due date. The promissory note maximum period is 180 days and should not be exceeding the Credit Agreement.
Loan disbursement and payment will be adjusted at the Customer’s request, as noted on the promissory note.


Benefits:

  • Suitable for working capital needs that is seasonal and can be paid off when the season ends.
  • The Bank and the Customer can control the loan based on the loan time period that has been analysed according to the capital needs until the Customer gets the revenue to pay the facility.
  • The Customer may apply a request for facility extension if necessary.

 

RISKS:

  • When the payment of basic funds or interests is late, it will affect the Customer’s credit quality as recorded in Bank Indonesia.
  • When the Customer fails to pay the basic funds including the interest, then:
    - It will affect the Customer’s credit quality that is recorded in Bank Indonesia.
    - The Customer will be penalized.
  • If the payment happens in advance, then the Customer will be penalized.
  • The risk of interest rate increment following current market mechanism.

 

REQUIREMENTS AND PROCEDURES

  • The requirements will be written on the Credit Application Form.
  • Withdrawal procedure will use the promissory note as the medium.
  • Interest payment will be based on disbursement date for each month.
  • When the promissory note is due dated then full repayment of the tray debt should be done, including the interest.
  • If the due date of interest and/or the due date of the promissory note and/or the due date facility falls on Saturday/Sunday/Holiday, then the interest and/or basic fund payment will be debited on the last working day.
  • For information/complain about Periodic Credit Bank Danamon, the Customer may visit the nearest branch or call Hello Danamon at 1-500-090. The procedure of complains referring to the offering letter that has been presented to the Customer before the Letter of Credit is signed.


NECESSARY DOCUMENTS:

  • Individual documents: ID, NPWP, KK, Certificate of Marriage (if married)
  • Institutional documents: Certificate of Business, Letter of Acceptance from Judiciary Minister, Certificate of Company.
  • Other documents: SIUP, last 3 months checking account, last cash flow report.


FEES

  • Provision Fee
  • Interest Fee
  • Notary Fee
  • Insurance Fee
  • Administration Fee
  • Appraisal Fee
  • Fine Fee (if there is a late payment of the instalment)
  • Penalty Fee (if there is an advance repayment before the due date, in a part or whole funds)

INSURANCE

  • Fire insurance, and;
  • Life insurance.


SAVINGS

  • Giro Lebih

Combination of current account and saving specialties for your business operational account convenience. Done with ATM/Debit Card, Checkbook/BG & E-channel (Danamon Online Banking, D-Mobile & D-Connect). Current Account is completed with free administration and transaction fee.

  • Free monthly administration fee;
  • Free penalty for under minimum balance;
  • Free check clearing fee;
  • Free 20x state clearing transfer every month;
  • Free 1 checkbook/BG;
  • Free 20x cash withdrawal in ATM Prima & Bersama every month (with minimum balance on Rp 5 million before withdrawal).


  • GiroBISA

Current account with a free transaction fee, free chequebook/BG, interesting current account service and supported by Internet & Mobile Banking facility for banking transaction convenient (Danamon Online Banking, D-Mobile & D-Connect).

 

Average Balance***

(in rupiah)

Total of Fee Waived Transactions

Clearing/Intercity Clearing*

National Clearing**

RTGS**

Checkbook/BG**

0 -<100>


All

-

-

-

100 Million - < 500="" />

All

55

10

1

500 Million - < 2="" />

All

55

15

2

2 Million - < 5="" />

All

55

25

3

5 Billion- < 10="" />

All

55

35

5

≥ 10 Billiion

All

All

55

All