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Kredit Usaha Rakyat
Working capital loans for prospective borrowers who do not have sufficient collateral
Meet Various Needs
Not only for working capital but also for investment and others
Competitive Interest Rates
Lower fixed interest rates for a certain period
Flexible and Easy
Longer term resulted in more affordable installment
Kredit Usaha Rakyat (KUR)
Easy solution for working capital and investment needs for Small and Medium entrepreneurs with insufficient collateral.
Advantages of Kredit Usaha Rakyat (KUR)
- Interest rates start from 6%-9% eff p.a.
- Free Provision & Administration fee
Types of Facility
Working Capital Loan or Investment Loan with monthly installment payments
Term
| Type | Working Capital Loan | Investment Loan |
|---|---|---|
| KUR Micro | 3 years | 5 years |
| KUR Small | 4 years | 5 years |
Collateral
- Vacant land/paddy land/land and building
- Shops
- Apartment
- Motor vehicles
- Inventory*)
- machinery*)
*) as additional collateral
Terms and Conditions
- Indonesian citizens who already have e-KTP
- An individual or business entity
- Minimum age of 21 years old or married for individual customers
- Business running for at least 6 months
- Not having an ongoing KUR at another bank
- Never received Productive Credit
Document Requirements
Individual Customer
- e-KTP of the prospective borrower and spouse
- NPWP (for applications above IDR50 million)
- Family Card
- Business Certificate/NIB
- BPJS Employment (for Small KUR applications only)
Business Entity Customer
- Deed of Establishment and all amendments
- Ratification of the Deed of the Ministry of Law and Human Rights
- NPWP of Business Entities
- KTP of Management and Shareholders Pengurus dan Pemegang Saham
- NPWP of Management and Shareholders
- Business Certificate/NIB/TDP
- BPJS Employment (for Small KUR applications only)
Fees
| Fee Type | Micro | Small |
|---|---|---|
| Provision Fee | None | |
| Administration Fee | ||
| Late Fee | Subject to applicable regulations | |
|
Other Fees (Such as notary fee, appraisal, insurance, etc) |
None | Subject to applicable regulations |
Limit
| Loan | Loan Limit |
|---|---|
| Micro KUR | > IDR10,000,000 - IDR100,000,000 |
| Small KUR | > IDR100,000,000 - IDR500,000,000 |
| Special KUR | Up to IDR500,000,000 |
Interest Rates
Interest rates start from 6%-9% eff p.a.