A Credit Application Letter is a fundamental document in Indonesian banking and financial services, required whenever an individual or business entity seeks to obtain credit facilities from a financial institution. The document must adhere to Indonesian banking regulations, including Law No. 10 of 1998 on Banking and various OJK regulations, which set strict requirements for credit applications and consumer protection in financial services. It typically includes comprehensive information about the applicant's financial status, credit history, proposed collateral, and intended use of funds. The letter serves as the initiating document for credit assessment and forms part of the formal credit documentation trail required by Indonesian regulatory authorities.
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1. Applicant Information: Complete details of the credit applicant including full name, ID number (KTP/NPWP), address, contact information, and occupation/business details
2. Date and Bank Details: Current date and complete details of the bank branch where application is being submitted
3. Credit Request Details: Specific amount of credit requested, purpose of the credit, and desired term/tenure
4. Financial Information: Current income, existing financial obligations, and other relevant financial details
5. Collateral Information: Details of any assets being offered as collateral for the credit
6. Declaration of Purpose: Clear statement of intended use of the credit facility
7. Truthfulness Declaration: Statement confirming all information provided is true and accurate
8. Authorization: Permission for the bank to verify information and check credit history
1. Business Information: For business credit applications: company profile, business license details, and operational history
2. Co-applicant Information: When application includes a co-applicant or guarantor
3. Project Details: For project-specific financing: detailed description of the project and projected returns
4. Property Details: For property-related credit: specific information about the property being purchased/mortgaged
5. Employment History: For individual applications where detailed employment track record is relevant
1. Identity Documents: Copies of KTP, NPWP, and other identification documents
2. Financial Statements: Recent bank statements, tax returns, or financial statements
3. Salary Slips: Last 3 months' salary slips for employed individuals
4. Collateral Documents: Property certificates, vehicle registration, or other collateral documentation
5. Business Documents: Business licenses, registration certificates, and permits (for business applications)
6. Credit History Report: Current credit report or history from Bank Indonesia
Relevant legal definitions
Applicant
Bank
Credit Facility
Collateral
Interest Rate
Loan Term
Repayment Period
Security
Default
Business Day
Credit Limit
Facility Period
Guarantor
Co-Applicant
Purpose of Credit
Disbursement
Financial Statements
OJK
Bank Indonesia
Supporting Documents
Credit History
Net Income
Monthly Installment
Outstanding Obligations
Material Adverse Change
Bank
Credit Facility
Collateral
Interest Rate
Loan Term
Repayment Period
Security
Default
Business Day
Credit Limit
Facility Period
Guarantor
Co-Applicant
Purpose of Credit
Disbursement
Financial Statements
OJK
Bank Indonesia
Supporting Documents
Credit History
Net Income
Monthly Installment
Outstanding Obligations
Material Adverse Change
Clauses
Personal Information
Financial Disclosure
Credit Purpose
Collateral Declaration
Data Protection
Information Verification
Credit History Authorization
Document Authenticity
Truthfulness Declaration
Bank Authorization
Financial Obligations
Change Notification
Consent to Credit Check
Asset Declaration
Regulatory Compliance
Information Update
Privacy Statement
Third Party Verification
Supporting Documentation
Declaration of Solvency
Financial Disclosure
Credit Purpose
Collateral Declaration
Data Protection
Information Verification
Credit History Authorization
Document Authenticity
Truthfulness Declaration
Bank Authorization
Financial Obligations
Change Notification
Consent to Credit Check
Asset Declaration
Regulatory Compliance
Information Update
Privacy Statement
Third Party Verification
Supporting Documentation
Declaration of Solvency
Relevant Industries
Banking
Financial Services
Real Estate
Construction
Manufacturing
Retail
Agriculture
Mining
Technology
Healthcare
Education
Transportation
Hospitality
Small and Medium Enterprises
Relevant Teams
Credit Analysis
Risk Assessment
Legal
Compliance
Customer Service
Operations
Documentation
Credit Administration
Relationship Management
Loan Processing
Credit Review
Relevant Roles
Credit Officer
Branch Manager
Loan Officer
Credit Analyst
Relationship Manager
Risk Assessment Officer
Compliance Officer
Legal Officer
Financial Advisor
Account Manager
Credit Administration Manager
Banking Operations Manager
Customer Service Manager
Document Control Officer
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