LOAN
1. 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:
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
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
*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
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.
2. 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.
BENEFITS
RISKS
REQUIREMENTS AND PROCEDURES
Requirements will be presented on the Credit Application Form.
SIMULATIONS
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.
3. Periodical Credit
Periodical 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
RISKS:
REQUIREMENTS AND PROCEDURES
NECESSARY DOCUMENTS:
FEES
INSURANCE
SAVINGS
1. 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.
2. Giro BISA
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 Million |
All |
- |
- |
- |
100 Million - < 500 Million |
All |
55 |
10 |
1 |
500 Million - < 2 Billion |
All |
55 |
15 |
2 |
2 Billion - < 5 Billion |
All |
55 |
25 |
3 |
5 Billion - < 10 Billion |
All |
55 |
35 |
5 |
≥ 10 Billiion |
All |
All |
55 |
All |