Ways and Conditions for submitting unsecured KUR up to IDR 100 million

JAKARTA, KOMPAS.com – The government decided to raise the unsecured People’s Business Credit (KUR) ceiling to IDR 100 million, from the previous IDR 50 million.

The adjustment of the KUR amount was made because the President of the Republic of Indonesia, Joko Widodo, asked that the portion of UMKM financing be able to reach a level of more than 30 percent by 2024.

“The President’s directive is of course related to the unsecured KUR, which has so far been between under Rp. 50 million to increase the ceiling to Rp. 100 million,” said Coordinating Minister for the Economy Airlangga Hartarto, in a press statement after attending the Limited Meeting, Monday (05 / 04/2021).

For those of you who are interested in getting this credit facility, registration can be done at various banks and channeling cooperatives.

Also read: Unsecured KUR Ceiling Will Increase To Rp. 100 Million, Interest 6 Percent

However, there are a number of requirements that a potential debtor needs to meet.

If you have met the requirements, you can apply for a KUR at website official of each channeling bank.

Reporting from the website of PT Bank Rakyat Indonesia (Persero) Tbk as one of the KUR distributors, there are 5 requirements that a prospective debtor needs to meet, namely as follows:

• Individual (individual)
• Have a business that has been running for at least 6 months
• Running his business on one of the e-commerce platforms (for example Shopee, Tokopedia, etc.) and / or ride hailing providers (Gojek or Grab)
• Not currently accepting credit from banks except for consumer loans such as KPR, KKB, and Credit Cards
• Administrative requirements: Identity in the form of KTP, Family Card (KK), and business permit (can be a certificate issued by e-commerce or ride hailing)

PT Bank Negara Indonesia (Persero) Tbk also includes requirements that are not much different for prospective unsecured KUR debtors. Here are the conditions:

• Individuals or business entities
• Have a business license, at least in the form of a Micro and Small Business Permit (IUMK) issued by the Regional Government and / or a business certificate from the local Village or other permits
• Current bank credit quality
• Minimum 6 months of business experience
• The minimum age of the applicant is 21 years or not yet 21 years old but already married
• Not currently receiving productive credit from Banking and / or not receiving program credit from the Government (except KUR)

Also read: The Government Will Raise the UMKM KUR Ceiling to IDR 20 Billion

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