Program of unsecured loan disbursement provided to employees/companies/company cooperatives by written cooperation (Master Agreement) between Bank Bumiputera and companies/company cooperatives for financing employees’ consumptive needs.
BENEFITS
To Companies
- Increasing employees’ welfare
- Increasing employees’ productivity, loyalty and work motivation
- No direct financial risk in the extended loans
- Not interfering with the company’s financial cash flow
To Employees
- Increasing the employees’ welfare
- Fulfilling other urgent requirements and needs
- Easy and fast process of proposal (after the ceiling is approved) if there is the company’s recommendation.
- Able to benefit from various product facilities and services of Bank Bumiputera such as benefit of free hospitalization, drawing in more than 6000 Joint ATMs, payment of electricity, telephone and PAM (water company) bills.
Benefits
- Take Over: Transferring the loan from any other bank to Bank Bumiputera.
- Top Up: Adding the loan amounts for employees who still have (outstanding) loans in Bank Bumiputera.
- Refresh: The loan is given to debtors whose loan has been paid-off
Loan Features
- Nature: On Liquidation Basis
- Ceiling: 10 x THP salary or Minimum Rp.5 million and Maximum Rp.100 million
- Term: 1-5 years
- Installment Amount: maximum 1/3 times THP salary
Terms and Conditions
- Individual WNI (Indonesian Citizen) at the age of 21-55 years old, when the loan is paid-off.
- Resident employees with the service period of minimum 2 years.
- Minimum income Rp.1.5 million monthly (basic salary and fixed allowance).
- Installment of maximum 1/3 salary of THP (comprising basic salary, fixed allowances and average 50% of overtime pay in the last 3 months).
- Total payment per individual is minimum Rp.5 million and maximum Rp.100 million or maximum 10 times Take Home Pay (THP) salary.
- Opening a Bung HARI saving account with the minimum balance of one time installment to be held until the loan is paid-off.
- Authorizing an employee of the company/cooperative who is known by the company’s personnel in charge of deducting the salary.
- The result of audit of the Indonesian Association of Credit Cards (AKKI), the Black List of Bank Indonesia (DHBI) and BI checking shows they are in passing and good condition.
- Any ceiling over Rp.30 million is required to open Bung HARI saving account.
Document Requirements
- Filling in the loan application.
- Photocopy of the debtor’s valid KTP
- Statement of work and recommendation from personnel department
- Original slip of last salary or statement of income.
- Authorization letter of the employee to the personnel of company /cooperative who is known by the personnel department in charge of deducting the salary.
- Photocopy of NPWP/SPT PPh 21 for a loan over Rp.50 million.
