Cooperative Financing for Members

Financing provided by the Bank to Cooperatives to be distributed to their members.

  • Main Product Features
    • Ceiling: The determination of the ceiling is based on the results of financing analysis by considering savings and loan business activities to members, the cooperative's financing needs and repayment capacity, as well as the number of members, the size of each member's needs, and the repayment capacity of each member
    • Interest Rate: 11.5% - 14.25% p.a. effective rate
    • Loan Term/Tenor:
      1. Cooperatives with non-fixed income members have a maximum membership limit of 5 (five) years
      2. Cooperatives with fixed income members have a maximum membership limit of 8 (eight) years
      3. Cooperatives whose members are Civil Servants (PNS)/SOE Employees, maximum of 16 (sixteen) years
    • Type of Collateral: Minimum of 120% of the financing ceiling
  • Benefits
    • To increase the customer's working capital in the context of distributing financing to Cooperative members
    • Collateral submitted to the Bank can be in the form of Asset Replacement, which is the nominative of Cooperative members who receive financing from the Cooperative
  • Requirements
    1. Application form/financing application letter;
    2. 4x6 passport photo of all management members;
    3. Copy of identity proof (ID Card/KTP) of all management members;
    4. Copy of the deed of establishment and its amendments legalized by the relevant agency;
    5. Copy of Cooperative Legal Entity, legalized by the relevant agency;
    6. Copy of Minutes of the Annual Member Meeting (RAT) for the last year, legalized by the relevant agency;
    7. Accountability report book of the management and supervisors presented during the RAT;
    8. Specifically for Cooperatives whose members have fixed incomes, attach the Cooperation document between the Bank and the Institution/Company/Agency/Educational Institution/Department/Unit/Instance where the Cooperative is established and operates regarding the commitment to deduct salaries for installment payments to the Bank; or
    9. Recommendation/Permission/Acknowledgment/Statement from authorized officials or those in charge of the personnel/human capital/finance department supervising the employee salary payment function at an Institution/Company/Agency/Educational Institution/Department/Unit/Instance where the Cooperative is established and operates;
    10. Copy of the latest cooperative soundness level/rating for those whose members have fixed or non-fixed incomes;
    11. List of the composition of Management and Supervisors;
    12. Copy of Taxpayer Identification Number (NPWP);
    13. List and Number of members and or prospective members;
    14. Financial Statements for the last 2 (two) years (balance sheet and profit/loss). If the financing application is more than Rp 10 billion (ten billion rupiah), it is mandatory to submit the latest audited financial statements;
    15. Business Identification Number (NIB)/Company Registration Certificate (TDP)/Industrial Registration Certificate (TDI);
    16. Cooperative Receivables List including the nominative list of financing provision to members;
    17. Cooperative application letter to the salary treasurer to deduct members' salaries and transfer installments to the cooperative's account at the Bank, and/or a statement or willingness from the salary treasurer to deduct members' salaries and transfer installments to the cooperative's account at the Bank;
    18. Statement letter from the Cooperative Management to be willing to coordinate with the salary treasurer where the cooperative member is transferred, to deduct salary and transfer to the Cooperative's account at the Bank
  • RIPLAY (Product or Service Information Summary)
    • The general version of RIPLAY (Product and Service Information Summary) is a standard document that contains comprehensive important information regarding financial products or services
    • Cooperative Financing to Members RIPLAY

For further requirements, terms, or information regarding our products, please contact Bank Jatim Info 14044 or visit a Bank Jatim Branch Office directly.