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Working Capital Loan

Product Brief: 
Fixed Loan on Demand (PTD) is a type of short term loan to meet daily working capital need of Debtor based on Debtor’s business cycle.

Opening Terms:
The customer needs to provide the Bank the related Legal documents, the Calculation documents of: Working capital needs, business cycle, repayment capability, business transaction volumes existing and projection, and existing financing amount from other institutions. After Bank credit approval process is approved, the customer shall sign the Offering Letter and Credit Agreement. The required collateral shall be binded first prior drawdown.

Features and Advantages:
PTD consists of 2 types of facility as follow:
1.PTD A, is a short term working capital loan to finance working capital needs based on Debtor’s business cycle. PTD A is a revolving working capital facility. Tenor : Max 1 (One) year.
2.PTD B, is a medium term working capital loan to finance working capital needs based on Debtor’s business cycle. Tenor : Max 3 (Three) Years However, in case by case basis, tenor of PTD B can be granted more than 3 (three) years but not longer than 5 (five) years as long as approved by the authorized Credit Approver.

Operation Guide :
For each of withdrawal, Debtor must provide: Written notification, Promissory Note which stated amount and tenor of the withdrawal including date of repayment and / or other required document as per stipulated in credit approval. Other documents in the form of Purchase Order and / or invoices will be required to be fulfilled by the Debtor on a case by case.

Repayment of loan principal consists of 2 methods:
1.All loan principal for the respective withdrawal is paid-off at maturity date of the withdrawal.
2.Loan principal of each withdrawal is paid-off using installment payment method with payment schedule based on loan approval.

Common Problems :
●Limit of PTD shall be reviewed at the renewal time of the facility. Therefore, all the required documents shall be submitted to Bank prior to review preparation.
●Customer shall fulfill all of the covenants stipulated within the Loan Agreement to avoid penalties.
●Interest shall be paid on the 1st day of each month and / or on the maturity date of the withdrawal which is debited automatically by system. Interest and / or penalty calculation which is charged to Debtor shall use 360 days basis
●Other costs which arise in this financing including but not limited to notary, insurance, appraisal, etc., are to be borne by Debtor.

*Terms and Conditions apply.