Instant Fund is an unsecured loan facility product for individual used for all needs
Benefits
Unsecured loans with all the benefits to meet all the needs of the Client. Enjoy Many Advantages:
- Easy requirements
- Quick approval process
- Loan limit up to 200 million
- Competitive loan rate interest
- Flexible payment options
Risks
- There is a cost as a fine when the Client makes an accelerated repayment.
- There is a cost as a fine in the event of late payment of instalment.
- If the Client:
- violates
- provides false or incorrect information as contained in this Form, or
- does not pay instalment on the Instalment Date, fine and other indebted charges to the Bank as determined by the Bank, the Client shall repay all loans, without warning letter or other similar letter from the Bank.
- If the Client fails to settle his/her obligations in accordance with the prevailing provisions of the Bank, the Bank shall be entitled to settle the Loan through legal actions available either through court or beyond the courts in accordance with applicable laws and regulations.
Costs
Administrative Cost
|
3.5% or min Rp 350.000,
|
Late Payment Cost
|
0.25% per day of overdue instalment
|
Accelerated Settlement Cost
|
6% of loan principal or min Rp 350.000,
|
Disbursement cost to other account
|
Rp 50.000,- (SKN/ LLG)
Rp 75.000,- (RTGS)
|
Non-Active Account Charge
(especially for disbursement to other account)
|
Rp 50.000,- / month
(it will be charged after 3 months after the Instant Fund Facility is paid off/closed)
|
Insurance Premiun Cost
( If the client agrees to close Credit Life Insurance through PT Asuransi Jiwa Manulife)
|
0.5% of Loan ceiling (for 12 — 36 Month tenor)
|
Payment of Instalment cost through BDI Teller
|
Rp 35.000,-/transaction
|
Expenses incurred due to payment failure are the Product Risk which shall be borne by the Client
Simulation of Loan for Danamon Client
Total Loan
(Rp)
|
Instalment per month (Rp)
|
12 month
|
24 month
|
36 month
|
1.09%
|
1.29%
|
1.39%
|
5,000,000
|
471,167
|
-
|
-
|
25,000,000
|
2,355,833
|
1,364,167
|
1,041,944
|
50,000,000
|
4,711,667
|
2,728,333
|
2,083,889
|
100,000,000
|
9,423,333
|
5,456,667
|
4,167,778
|
150,000,000
|
14,135,000
|
8,185,000
|
6,251,667
|
200,000,000
|
18,846,667
|
10,913,333
|
8,335,556
|
*Flat interest rate per Month. Instalment calculation method with Annuity in Arrear.
Interest rate is subject to the applicable offer. The above instalment table is only used as an estimation. The actual instalment amount will be determined upon loan approval by Bank Danamon. Terms and Conditions apply.
Terms and Procedures
General Requirements:
- Indonesian People
- Min. 21 years and max. 60 years at the end of the loan. (employee max 55 years at the time of application)
- Employee / Professional / Entrepreneur
- Minimum gross income Rp. 2 Million per month
- Minimum 1 year employment (employees) and 2 years (entrepreneurs / professionals)
- Complete & sign the Dana Instant application
Document Requirements:
Profession
|
Documents enclosed
|
Employee/ Entrepreneur/ Professional
|
- Copy of ID’s
- Proof of Income/Saving Book Cover*
- Copy of Tax ID Number (NPWP)
|
*Appropriate for proposed Program Options.
Procedure:
Client shall meet the general requirements and complete the Document Requirements to submit this product application.
Service/Complaint 24 Hours
Hello Danamon 1-500-090
For more info, click here