Fixed Installment - Standard Chartered Bank Indonesia

Features and advantages of KTA - Fixed Instalments:

Loan limit of up to Rp 200 million

Provides financial freedom to realise your dreams.

No colleteral

Provides facilities and freedom from any obstructions.

Fast and easy process

The process of approval only needs 3 working days for Jabodetabek area and 5 working days for non-Jabodetabek areas.

Fixed Instalments

The payment of monthly instalments in fixed amount will assist you in implementing financial management.

Period of payment between 12 - 60 months

Flexible, because the payment is in accordance with your need. The period of loan is flexible every 3 months with period of instalments from 1 year to 5 years.

Free Insurance

Your KTA - Fixed Instalments comes with security and peace of mind too. Premium-free insurance protection ensures your loan will be repaid in the event of your death or permanent disability through illness or accident.

Easy payment method

Easy payment with various options at Standard Chartered Bank tellers and more than 10,000 Standard Chartered Bank ATMs as well as the ATM Bersama network.

General Requirements for Applying KTA-Fixed Instalments

Indonesian Citizen
Age between 21 - 60 years old

Domiciled and working in the areas:

- Jabodetabek	- Bali
- Bandung	- Makassar
- Surabaya	- Palembang
- Medan	- Balikpapan
- Semarang	- Samarinda
- Yogyakarta	- Pekanbaru
- Solo	- Batam

Have a minimum net income per month, as follow:
	Jabodetabek	Non-Jabodetabek
Employee	Rp 3.4 million	Rp 2.7 million
Entrepreneur/Professional	Rp 4 million	Rp 3.4 million

Document Requirements for Applying KTA - Fixed Instalments

Documents	Employee	Entrepreneur	Professional
ID Card of Applicant
ID Card of Husband or Wife (for joint account applicants)
Last Salary Form or Statement from the Company *
Bank account for the last 3 months and copy of passbook cover
Trade Business License (SIUP)/ Business Location Permit (SITU)/ Practice License & Company Establishment Deed
For Credit Card holders
Copy of Credit Card**
1 last month billing***
For Amount of Loan above Rp50 million
Personal NPWP (=Taxpayer Registration Number)

Remarks:
*	Statement of salary amount and length of work.
**	Compulsory, with membership period of minimum 12 months and Credit Card limit of at least Rp3 million.
***	Depends on the program selected and special for Citibank Credit Card holders.

Administration Fee

Amount

Late Payment

Rp100,000.-

Early Redemption

Instalment Period: ≤ 24 months	5% from the remaining principal loan plus administration fee of Rp200,000.-
> 24 months	5% from the remaining principal loan

Interest and Annual Fee

Amount of Loan	Tenor (month)	Monthly interest	Annual Fee
			Year 1	Year 2 - 5
< Rp20 million	12 - 60	1.88%	3.5%	Rp10,000.-
≥ Rp20 million	12 -45	1.79%
≥ Rp20 million	48 - 60	1.69%	2%

Special Areas (Batam, Balikpapan, Makassar and Pekanbaru) shall apply the following:

Amount of Loan	Tenor (month)	Monthly interest	Annual Fee
			Year 1	Year 2 - 5
< Rp20 million	12 - 60	1.98%	3.5%	Rp10,000.-
≥ Rp20 million	12 -45	1.89%
≥ Rp20 million	48 - 60	1.79%	2%

Instalment Table

Facility of payment with various selections of method of payment through the cashier and more than 10.000 Standard Chartered Bank ATMs and ATM Bersama.

Cashier	Fee (Rp)
Standard Chartered Bank	75,000.-
BRI	5,000.-
PermataBank • PermataBank Customers • Non PermataBank Customers	5,000.- 10,000.-

ATM	Fee (Rp)
BCA	7,500.-
CIMB Niaga	7,500.-
PermataBank	5,000.-
BNI 46	5,000.-
BRI	5,000.-
BII	7,500.-
ATM Bersama	5,000.-

Instruction & Guide for Payment of KTA

QUESTIONS and ANSWERS
PERSONAL LOAN (KTA)

1.

Q:

What are the principal differences between KTA - Fixed Instalment and Standby Cash?

A:

KTA - Fixed Instalment :

The total amount of the loan is transferred to the customer's account.
The monthly instalment amount is fixed for each month during the instalment period.

Standby Cash:

Standby loan funds are placed in a special account issued for the customer and equipped with ATM card facilities.
The payment is to be made when funds is withdrawn or used by the customer from the account.
The minimum payment is 10% from the total monthly bill or minimum Rp50,000.- (whichever is greater). You may also pay more up to the entire total monthly bill.

2.

Q:

What is the amount of loan granted?

A:

KTA - Fixed Instalments	:	up to Rp 200 million
Standby Cash	:	up to Rp 100 million

3.

Q:

How long does the application process take until the funds are disbursed to Customer?

A:

3-5 working days provided that the submitted application and documents are complete and clear.

4.

Q:

What is the difference between effective interest & flat interest?

A:

Effective interest is calculated based on the remaining principal of the loan. Flat interest is calculated based on the initial principal amount of the loan. The difference lies on the principal composition of the loan and interest forming the instalment/month.

5.

Q:

What is the rate of effective interest, flat interest per year and the provision fee?

A

KTA - Fixed Instalment

Amount of Loan	Tenor (month)	Flat Interest per month	Annual Fee
			Year 1	Year 2 - 5
< Rp 20 million	12 - 60	1.88%	3.5%	Rp 10,000.-
≥ Rp 20 million	12 -45	1.79%
≥ Rp 20 million	48 - 60	1.69%	2%

Khusus Special Area (Batam, Balikpapan, Makassar dan Pekanbaru, berlaku sbb:

Amount of Loan	Tenor (month)	Flat Interest per month	Annual Fee
			Year 1	Year 2 - 5
< Rp 20 million	12 - 60	1.98%	3.5%	Rp 10,000.-
≥ Rp 20 million	12 -45	1.89%
≥ Rp 20 million	48 - 60	1.79%	2%

Standby Cash: Interest 38% effective per year or 3.16% effective per month and Annual Fee: 3% per year

6.

Q:

How much is the penalty fee imposed if customer made early redemption?

A:

KTA - Fixed Instalment:

Instalment Period: ≤ 24 months	5% from the remaining principal loan plus administration fee of Rp200,000.-
> 24 months	5% from the remaining principal loan

Standby Cash: No penalty if the total monthly bill is paid in full.

7.

Q:

For how long is the loan granted?

A:

KTA - Fixed Instalment: Flexible Tenor 3 months starting from 12-60* months. (Tenor 4 & 5 year shall only applicable for Employees with minimum net income of Rp 5 million).
Standby Cash: 12 months and extendable.

8.

Q:

How to calculate the instalments?

A:

KTA - Fixed Instalment:

Instalment/	=	Loan + (Loan x Flat Interest/Month x Period)
Month	=	Period

Example:

Loan	: Rp 20 Million
Period	: 24 month (2 years)

The instalment shall be:

Rp 20 million + ( Rp 20 million x 1.79% x 24)	=	Rp1,191,333.-
24

Hence, the monthly instalment is: Rp1,191,333.-

Standby Cash

Limit	:	Rp10,000,000.-
Interest	:	38% effective / year
Total days/yr	:	360
Open Date	:	30-Jun-06

Example of Interest Calculation for Standby Cash

Date	Description	Debit	Credit	Balance
01-Aug-06	Cash Withdrawal	1,000,000.-		1,000,000.-
06-Aug-06	Cash Withdrawal	1,500,000.-		2,500,000.-
10-Aug-06	Cash Withdrawal	3,000,000.-		5,500,000.-
20-Aug-06	Cash Withdrawal	1,500,000.-
	Giro Payment		500,000.-	6,500,000.-
31-Aug-06	August Interest	149,361.11		6,649,361.-

Interest Calculation	Balance	Day
01/Aug/06 - 06/Aug/06	1,000,000	5	= 1,000,000.- x 5 days x (38% / 360)	=	5,277.78
06/Aug/06 - 10/Aug/06	2,500,000	4	= 2,500,000.- x 4 days x (38% / 360)	=	10,555.56
10/Aug/06 - 20/Aug/06	5,500,000	10	= 5,500,000.- x 10 days x (38% / 360)	=	58,055.56
20/Aug/06 - 31/Aug/06	6,500,000	11	= 6,500,000.- x 11 days x (38% / 360)	=	75,472.22
Total Interest of August				=	149,361.11


Total usage by customer at the end of August is Rp 6,649,361.-
Minimum payment to be made by the customer is 10% x Rp 6,649,361.- = Rp 664,936.-

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