Sharia BPO Credit is a funding for business premise ownership with Sharia contract to buy a productive asset like shop or office in supporting the Customer’s business activities, with Sharia Leasing (IMBT) scheme, applied to New Funding, Refinancing and Take Over.
The fixed margin at 9.25% p.a. up to 3 years applied to promotion period between December 2016 to December 2017. This margin will be reviewed after the fixed rate promotion over.
Loan to Value (LTV)
- Max 90%: Primary Real Estate in big cities or province (including particular Regency/City and all Cities)
- Max 85%: Real Estate other than written above condition.
20 years maximum, except Refinancing maximum for 8 years.
Administration = multiple of IDR 5 per IDR 1000 funding limit + Rp 1.000.000
Fixed basic – margin decreasing (decreasing instalment).
Certificate of Ownership/Strate Title (under Development Right asset is not allowed)
- Fire insurance;
- Life insurance (optional).
- 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.