Prima Car Ownership Credit (KPM)

The KPM Prima program refers to financing products for passenger cars (whether new or used) commercial cars, premium motorbikes (OTR motorcycle criteria > 100 million or cc > 500), non-premium motorbikes (motorcycles below premium motorbike criteria) and Vespa offered to Bank Danamon customers. The program is managed by PT Adira Dinamika Multi Finance Tbk. (“Adira Finance”) which is a subsidiary of Bank Danamon.

Bank Danamon customers can avail of this KPM Prima through any Bank Danamon branch or D-Bank PRO mobile banking application.

KPM Prima program applications received, particularly for the new car category will be directed to the website momobil.id, a vehicle financing support facility which is managed and used by PT Adira Dinamika Multi Finance Tbk. (“Adira Finance”).


The Program Period is from 1 - 15 February 2023.

  1. Interest starting from 1.88% is flat interest for the one year financing period and fixed during the financing period
  2. DP starts from 20%
  3. Applications submitted through D-Bank PRO will get an electronic balance of IDR 1,000,000 (One Million Rupiah). Information on the process to avail of rewards is on section VII under Other Terms and Conditions
  4. Simpler credit document requirements
  5. Conventional and sharia schemes
  6. Complete insurance includes:
    a. Vehicle insurance 
    b. Personal Accident (PA) insurance
    c. Comprehensive insurance (natural disaster, riot & third party risk) – optional
Customers who apply for this financing program must fulfill the following criteria:
  1. Bank Danamon customers who have active savings account.
  2. Indonesian citizen.
  3. Employed in a company, or as a professional or entrepreneur.
  4. Work tenure:
    o Minimum of 1 year employment in the same company
    o For professionals, minimum of 2 years
    o For entrepreneurs, minimum of 2 years.
  5. Minimum age: 21 years or married status
  6. Maximum age until end of tenor: 55 years
  7. Applicant, at the time of submission, is excluded from SLIK blacklist/negative list
     
     

No.

Document

Employee

Professional

Entrepreneur

1

Applicant’s National Identity Card (KTP) photocopy

✔

✔

✔

2

Applicant Spouse National Identity Card (KTP) photocopy

✔

✔

✔

3

Household Membership Certification (Kartu Keluarga)/Marriage Certificate photocopy

✔

✔

✔

4

Property tax (photocopy) or SHM/SHGB/SHGU/AJB certificate or photocopy of monthly bill for electricity, water or telephone

✔

✔

✔

5

Tax Identification Card (NPWP) photocopy

✔

✔

✔

6

Statement of current/savings account (last 3 months)/other financial data (proof of transaction) photocopy

✔

✔

✔

7

Business permit (SIUP) photocopy

 

 

✔

8

Professional license (photocopy)

 

✔

 


The following information refers to interest, financing period, downpayment percentage, administration fees, provisions and vehicle insurance:

KPM PRIMA - New Passenger Car DP Net ≥ 25%

Description

Tenor

11

23

35

47

59

DP Nett Minimal

25%

Flat Rate/Margin*

1.88%

2.58%

3.08%

3.58%

4.08%

Admin Fee**

Rp2.000.000,-

Provision

0,5%

Vehicle Insurance

Comprehensive/Mix

*Margin: in sharia, for example, the interest for a 1 year financing period is 1.88% flat per year and fixed during the financing period.

KPM PRIMA - New Car Passenger DP Net 20%

Description

Tenor

11

23

35

47

59

DP Nett Minimal

20%

Flat Rate/Margin*

2.28%

3.08%

3.58%

4.08%

4.58%

Admin Fee**

Rp2.000.000,-

Provision

0,5%

Vehicle Insurance

Comprehensive/Mix

*Margin: in sharia, for example, the interest for a 1 year financing period is 2.28% flat per year and fixed during the financing period.

KPM Prima - New Premium Bike/Vespa

Premium Bike

Tenor

11

23

35

47

DP Nett Minimal

25%

Flat Rate / Margin*

7,40%

8,00%

8,90%

9,70%

Admin Fee

Rp2.000.000,-

Rp2.250.000,-

Provision

0%

Vehicle Insurance

TLO

*Margin: in sharia, for example, the interest for a 1 year financing period is 7.40% flat per year and fixed during the financing period.


KPM Prima - New Car Commercial DP Net ≥ 25%

New Car Commercial

Tenor

11

23

35

47

DP Nett Minimal

25%

Flat Rate / Margin*

4,00%

4,50%

5,00%

5,50%

Admin Fee

Rp2.000.000,-

Provision

0,5%

Vehicle Insurance 

TLO/Mix/Compre

*Margin: in sharia, for example, the interest for a 1 year financing period is 4.00% flat per year and fixed during the financing period.


KPM Prima - New Car Commercial DP Net 25%

New Car Commercial

Tenor

11

23

35

47

DP Nett Minimal

25%

Flat Rate / Margin*

4,50%

5,00%

5,50%

6,00%

Admin Fee

Rp2.000.000,-

Provision

0,5%

Vehicle Insurance 

TLO/Mix/Compre

*Margin: in sharia, for example, the interest for a 1 year financing period is 4.50% flat per year and fixed during the financing period.


KPM Prima - Used Car Passenger ≥ 2019

Description

Tenor

11

23

35

47

59

DP Nett Minimal

25%

Flat Rate / Margin*

7,00%

8,00%

9,00%

9,50%

10,00%

Admin Fee

Rp2.500.000,-

Provision

0%

Vehicle Insurance

Comprehensive/Mix/TLO

*Margin: in sharia, for example, the interest for a 1 year financing period is 7.00% flat per year and fixed during the financing period.


KPM Prima - Used Car Passenger ≥ 2014

Description

Tenor

11

23

35

47

59

DP Nett Minimal

25%

Flat Rate / Margin*

8,00%

9,00%

10,00%

10,50%

11,00%

Admin Fee

Rp2.500.000,-

Provision

0%

Vehicle Insurance

Comprehensive/Mix/TLO

*Margin: in sharia, for example, the interest for a 1 year financing period is 8.00% flat per year and fixed during the financing period.


KPM Prima - Used Car Commercial

Description

Tenor

11

23

35

47

DP Nett Minimal

25%

Flat Rate / Margin*

9,00%

10,00%

10,50%

11,50%

Admin Fee

Rp2.500.000-,

Provision

1%

Vehicle Insurance

Comprehensive/Mix/TLO

*Margin: in sharia, for example, the interest for a 1 year financing period is 9.00% flat per year and fixed during the financing period.
  1. Customers and/or customer representatives can submit complaints regarding banking transactions/services verbally or in writing through the nearest Bank Danamon branch office, Hello Danamon (1-500-090) or via email at hellodanamon@danamon.co.id.
  2. Procedures regarding Customer Complaint services can be accessed through website  https://www.danamon.co.id/id/Personal/Lainnya/Proses-Penanganan-Keluhan-Nasabah
     
  1. Other terms and conditions related to products and/or services, as long as these are not regulated differently in the Program’s General Terms and Conditions, are declared to remain valid and shall bind the Customer and become an integral part of the Program’s General Terms and Conditions.
  2. This Program’s General Terms and Conditions form an integral part of the "General Terms and Conditions for Accounts and Banking Services of PT Bank Danamon Indonesia Tbk", "General Terms and Conditions for Danamon Online Banking", "General Terms and Conditions for D-Bank" and "General Terms and Conditions for Danamon Online Banking" and “General Terms and Conditions of D-Bank PRO”.
  3. The Customer hereby agrees and acknowledges that Bank Danamon has the authority to correct/amend/update the Program’s General Terms and Conditions. Any corrections/changes/ updates to the Program’s General Terms and Conditions will be notified via communication media available at Bank Danamon.
  4. In case of revisions in the benefits, risks, costs, terms and conditions, the Customer has the right to submit a written objection to Bank Danamon within 30 (thirty) working days upon the notification of the change by Bank Danamon through Bank Danamon's communication media. The Customer agrees that Bank Danamon will assume the Customer’s agreement to these changes in the event that he/she fails to submit any objections within that period. If the customer does not agree to these changes, he/she has the right to close the product and/or service by first settling all of his/her outstanding obligations to Bank Danamon. 
  5. If there are reported indications of fraud, deceit and/or transaction irregularities, Bank Danamon has the right to cancel the customer’s cashback reward.
  6. All transactions have no indications of money laundering and/or other transactions that are prohibited under Indonesian laws and regulations.
  7. In case of reported Program irregularities or if it is felt that fraud has occurred, the Customer is advised to immediately inform Hello Danamon.
  8. The Program’s General Terms and Conditions follow the provisions of laws and regulations including those of the Financial Services Authority regulations.
  9. PT Bank Danamon Indonesia Tbk., a member of the Deposit Insurance Corporation, is registered and supervised by the Financial Services Authority.
  10. The process for obtaining an electronic balance of IDR 1,000,000 (One Million Rupiah):
    • Intended for consumer credit applications submitted from 1 January 2023 to 31 March 2023 which have been approved and realized up to 30 April 2023.
    • For ADDB (Instalments Paid Behind) applications, rewards will be issued after the customer pays the first installment.
    • For ADDM (Prepaid Installment) applications, rewards will be issued after the customer pays the second installment.



REMINDER

Be cautious of fraud committed by unauthorized persons acting on behalf of Bank Danamon who promise rewards in any form. All types of fraud or other acts committed by other parties/third parties associated with this Program are beyond the authority of Bank Danamon.