Multi Purpose Loan

  • Overview
  • Requirements
  • Additional Information

Consumer Loan
As time goes by, consumer will increas, which does not cost a little. Bank Mestika’s Consumer Loans help meet your needs.
We have various types of consumer loans for your needs :

  1. Multi Purpose Loan
  2. House Loans
  3. Car Loans
  4. Land Loans


Multi Purpose Loan (MPL)

Multi- purpose laons offer solutions to your consumer needs, such as education, health treatments, weddings, holidays, housing renovations, etc.

There are 3 (three) kinds of Multi Purpose Loan:

  1. Multi Purpose Loan - Regular
    For consumer needs using land and buildings as collateral, for a period of up to 10 years.
  2. Multi Purpose Loan - Fixed
    For consumer needs using private motor vehicles (cars) as collateral, for a period of up to 3 years.
  3. Multi Purpose Loan – channeling
    For consumer needs, our target markets are retired civil servants, Indonesian armed forces, police officers including their widows/ widowers as the beneficiaries of a second pension, for a period of up to 15 years.


Debtor Criteria

  • Indonesian citizen
  • Aged 21 or married and up to 55 (employee) or 65 (entrepreneur/ professional) when the credit scheme ends; up to 75 for multi-purpose loans- channeling
  • Permanently employed
  • Minimum 2 years of employment/ business record


Fees for the application for Multi-purpose Loans, Home Loans, Car Loans and Land Loans :

  1. Administration
  2. Provision
  3. Loss Insurance
  4. Life Insurance (not applicable for car loans)
  5. Contract and warranty
  6. Appraisal fee (if necessary)


Documents needed for opening an account for Multi-purpose Loans

Types of Document

Employee

Retired

Professional

Entrepreneur

Original Credit Application Form

Copy Copy of identification card (KTP) of the applicant and spouse (if married)

Copy of Family Card

Copy of Marriage Certificate/ Prenuptial Agreement/ Birth Certificates of the eldest and youngest children/ Certificate of Change of Name (if applicable)

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Passport photos of debtors and spouse

Copy of Tax Identifications Number (NPWP)

Copy of Retirement Identification Card (KARIP)

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- -

Copy of Business License (SIUP) and Business Registration (TDP)

- - -

Copy of Profession License

- -

Bank Statement/ Savings (last 3 months)

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Pay Slip/Certificate of Employment and annual Tax Report (SPT PPh 21)

- - -

Retirement Approval Letter (SKEP) from the debtor’s workplace

-

- -

Original Power of Attorney for Debit and Receipt from the last pension payment (CARIK)

-

- -

Financial Report/ Income Statement/ Annual Tax Report (SPT PPh 21)

- -

Credit Life Insurance Policy attached with Banker’s Clause for Bank Mestika

Additional Information :

  • For the payment services, the debtors shall bear the cost, which have to be provided in the debtor’s account before releasing the loan.
  • For the payment services, the debtors shall bear the cost, which have to be provided in the debtor’s account before releasing the loan.
  • The debtor shall fulfill his/ her obligations to the bank on time.
  • If the debtor intends to have an early or partial termination in accordance with the regulations of the product, the debtor shall confirm with the bank and shall charged a penalty fee.
  • Complaints about the bank’s products can be made face-to-face, via email, letter and call centre.
  • If the debtor fails to make payment on time, thhe debtor shall be imposed to late charge.
  • Any payment overdue, inclucing interest, may affect the debtor’s collectibility.
  • Any costs charged to the client refer to the information covered in the Loan Offer and Loan Agreement.
  • Regulations concerning Loan To Value (LTV) for loans or property loans and loan down payment or vehicle loans refer to Regulation of Bank of Indonesia No. 18/16/PBI/2016.
  • The debtor shall fulfill his/ her obligations to the bank on time.
  • If the debtor intends to have an early or partial termination in accordance with the regulations of the product, the debtor shall confirm with the bank and shall charged a penalty fee.
  • Complaints about the bank’s products can be made face-to-face, via email, letter and call centre.
  • If the debtor fails to make payment on time, thhe debtor shall be imposed to late charge.
  • Any payment overdue, inclucing interest, may affect the debtor’s collectibility.
  • Any costs charged to the client refer to the information covered in the Loan Offer and Loan Agreement.
  • Regulations concerning Loan To Value (LTV) for loans or property loans and loan down payment or vehicle loans refer to Regulation of Bank of Indonesia No. 18/16/PBI/2016.

For more information call us MestikaCall 14083 or visit our nearest branch.