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Product Information

Description

1

Product Name

Term Loan                         

2

Types of Products

Loan Products

3

Issuer Name

Bank SBI Indonesia

4

Main Feature

Credit product function to fund investment goods, in which its withdrawal could be performed simultaneously or gradually during the withdrawal periods.

5

Benefits

The customer has the flexibility to conduct a loan withdrawal as long as it is still in a withdrawal period, hence it could be adjusted with the investment needs. Customer has the flexibility of credit payment (principal and interest credits) during the period of the loan. Therefore, customers are able to readjust according to their financial capability. Credit repayment is conducted by gradually conducting the repayment as per Client’s financial capability so as it does not interfere with the operational activity.

6

Risk

Failure to pay in accordance with the obligations that have been agreed.

7

Requirements & Procedures

The customer fills out and signs the Account Opening Application Form for Term Loan and Customer owns saving account and current account and follows the terms & conditions applicable at Bank SBI Indonesia and submits Photocopies of KTP/Passport/SIM for Indonesian citizens and KITAS for foreigners, NPWP, and the legality of the company You can submit questions and complaints through the nearest Branch Office and contact the Call Center number listed. Complete the requirements by submitting the form to the bank, along with historical data consisting of financial developments (can be seen in the balance sheet and profit and loss), type, amount and use of credit and debit balances (for those who have obtained credit), administration and reports, consistency with credit terms, sources and uses of funds, cash flows (cash flow) data on cash receipts and disbursements accompanied by factors that influence it, purchases, production and sales/exports, resources (human, capital and material). Submit collateral data in the form of record and mastery of documents or physical collateral related to the credit requested. This data consists of a list of collateral, type of collateral, location, ownership, market, juridical value and economic value, as well as the binding method.

8

Charges

Interest Rates and Provision/Administrative/Insurance Fees.

9

Additional Information

Individual & Corporate Customers.

10

Simulations and/or historical data, in terms of products and/or services that have funding , lending activities and/or fund management

The balance position at the end of the day of the loans Customer is IDR 1000,000, Interest 5 %, , then the interest paid by the Customer on that day is: 10,000 x 5% divided by 360.