A loan facility provided by Bank Bumiputera for its customers to materialize their dream of having motor-vehicles easily, inexpensively and fast for own-use and not for commercial purposes.
Inexpensive DP, competitive interest, 1 day approval, loan tenor up to 5 years, can be applied for 2-wheel vehicle (motor) loan, installment amount at 1/3 of income and joint income allowed, flexible in payment, and obtaining a credit card of Bank Bumiputera (terms and conditions apply)
Requirements for proposing KKB TOP 142:
- Types of vehicle financed are categorized in passenger car (sedan and non-sedan).
- Credit ceiling: Rp.50 million – Rp.300 million.
- Maximum financing at 80% of the on-the-road price for new cars and at 80% of taxation value for used cars.
- Debt service ratio at maximum 1/3 of income and joint income is allowed.
- Individual
- Resident Employee (service period of minimum 2 years or work experience in former employment of 2 years.
- ntrepreneur (minimum 2 years in progress).
- rofessional (minimum 2 years in practice).
- Debtor’s age is minimum 21 years old and when the loan is due, the age is maximum 55 years old; especially for entrepreneur and professional when the loan is due, the age is maximum 60 years old.
- Used car: the age of car plus the loan term shall be maximum 7 years.
INTEREST RATE:
- Annuity interest rate – in advance (effective), fixed during the loan term, the first installment is paid at the time of credit agreement.
- Annuity interest rate – in arrear (effective), fixed during the loan term.
