Description
a loan facility that allows a withdrawal of money in excess of the account's credit balance
Feature
tenor : up to 1 year
Currency : IDR
Collateral : Cash collateral, fixed asset, other required collateral which is optional determined by bank
Mandatory required documents for the withdrawal : Cheque/Giro/overbooking application form/TT Form
Other required documents : To be added as requirement if deemed necessary by bank’s assessment
Interest : paid on monthly basis (every 25th)
Risk
For any delay payment of interest will be impose penalties and the company collectability may be downgraded
If customer violate obligation or breach covenants, risk rating of customer may be downgraded
If over-due more than 180 days, Bank will execute collateral
Benefits
Disbursement can be done anytime in accordance with business need
Flexibel use of fund to cover emergency needs
Simulation
A/C ending balance as of June 25: IDR 12 Bio
A/C ending balance from June 26-28: IDR 9 Bio
A/C ending balance from June 29- July 24: IDR 10 Bio
Interest rate: 12%
Accrued interest for July 25: =IDR (12 Bio * 12%* 1)/360 + (9 Bio * 12% * 3)/360 + (10 Bio 12% * 26)/360 = IDR 99,666,667
Further Information
Contact Us
Corporate Banking Group
Head Office – Jakarta
PT Bank CTBC Indonesia
Tamara Center 17th Floor
Jl. Jend Sudirman Kav. 24
Jakarta 12920
Telp No. (62-21) 2557 8787 (Hunting)
Ext No. 8728, 8718, 8758, 8619, 8680
Fax No. (62-21) 520 6767
Unit UKM (Small Business)
Kantor Pusat – Jakarta
PT Bank CTBC Indonesia
Tamara Center 4th Floor
Jl. Jend Sudirman Kav. 24
Jakarta 12920
Telp No. (62-21) 2557 8787 (Hunting)
Ext No. 3968, 3738, 3946, 3973
Fax No. (62-21) 520 6767
