Unsecured Loan - Instant Funds

CONCISE DATA

Product 

Instant Fund is an unsecured loan facility product for individual used for all needs

Product Type

Service

Issuer

PT Bank Danamon Indonesia, Tbk

 

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

  1. There is a cost as a fine when the Client makes an accelerated repayment.
  2. There is a cost as a fine in the event of late payment of instalment.
  3. If the Client:
    1. violates
    2. provides false or incorrect information as contained in this Form, or
    3. 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.
  4. 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 Danamon1-500-090

For more info, click here