How to apply for loans on Bank Central Asia (BCA)?

How to apply for loans on Bank Central Asia (BCA)?

I. Basic information about Bank Central Asia (BCA)

II. Bank Profile

PT Bank Central Asia Tbk, commonly referred to as Bank Central Asia (BCA), is the largest private bank in Indonesia, founded on February 21, 1957. Bank Central Asia (BCA) is a prominent Indonesian bank that operates under licenses issued by the Financial Services Authority (Otoritas Jasa Keuangan) and Bank Indonesia. It is headquartered in Jakarta at the BCA Tower and has grown to become a significant player in the Indonesian banking sector, boasting total assets of approximately Rp 1,029.83 trillion (around USD 68.5 billion) as of 2022.

III. Are Bank Central Asia (BCA)s’ loan products legal?

Yes, BCA’s loan products are subject to oversight by the Indonesian Financial Services Authority (OJK), which ensures that banks operate within legal parameters and maintain sound financial practices. BCA adheres to anti-money laundering (AML) and counter-terrorism financing (CFT) regulations, which are integral to its operational framework. The bank’s policies in these areas have been approved by its Board of Commissioners and Board of Directors and are regularly audited to ensure compliance with national standards.

IV. Bank Central Asia (BCA) consumer loan products and their download number

Bank Central Asia (BCA) offers a variety of loan products that are structured to meet diverse customer needs while adhering to responsible financing principles. As of March 2024, BCA’s total loan portfolio reached Rp835.7 trillion, reflecting a 17.1% increase year-over-year. This growth was driven by a rise in consumer loan demand, particularly during the Ramadan and Eid period. BCA’s extensive reach includes over 38 million customer accounts.

1. Personal loans for various purposes

These loans can be used for various personal needs, such as medical expenses, education, or travel. They usually do not require collateral and have a straightforward application process.

Requirement:

• Indonesian citizens (WNI) reside in Jabodetabek, Java Island, Medan, Batam, Tanjung Pinang, Palembang, Denpasar, Cakranegara, and Makassar.
• Minimum age of 21 and maximum 55 years when the Personal Loan facility is paid off
• Monthly income:
  • Minimum Rp2,500,000 for the Jabotabek, Bandung, Surabaya, Medan, and Batam
  • Minimum Rp2,000,000 for other areas
• Employees of BCA Payroll facility participants, or minimum BCA Credit Card membership of 1 (one) year
• Permanent employee with minimum 1 year of service and self-employed or professional with minimum 2 years in current business/enterprise

Document Requirements:

More Details: https://www.bca.co.id/en/Individu/produk/pinjaman/Pinjaman-Personal

2. Housing loans (KPR)

These loans are designed for individuals looking to purchase residential properties. They typically feature long repayment terms and competitive interest rates.

(1) Home purchase loan

Home financing solution for house, apartment, home office purchase in new or second condition.

Requirement:

• Indonesian citizens
• Permanent Employees with minimum 1 year employment at the same company or 2 years total employment
• Professionals/entrepreneur with minimum 2 years employment at the same field
• Minimum age 18 years or married
• Maximum age of 66 years when the credit ends for Professionals/entrepreneur
• Maximum age of 56 years when the credit ends for Permanent Employees
• The applicant is obliged to cover insurance (life and fire) with the condition of the banker’s clause
• Willing to sign a credit agreement and APHT (Liability Charge Act)
• Auto debit payment from the applicant’s BCA account

Document Requirements:

More Details: https://www.bca.co.id/en/individu/produk/pinjaman/kpr/kpr-first

(2) Home refinancing loan

Home financing solution for house, apartment, home office purchase in new or second condition.

Requirement:

• Indonesian citizens
• Permanent Employees with minimum 1 year employment at the same company or 2 years total employment
• Professionals/entrepreneur with minimum 2 years employment at the same field
• Minimum age 18 years or married
• Maximum age of 66 years when the credit ends for Professionals/entrepreneur
• Maximum age of 56 years when the credit ends for Permanent Employees
• The applicant is obliged to cover insurance (life and fire) with the condition of the banker’s clause
• Willing to sign a credit agreement and APHT (Liability Charge Act)
• Auto debit payment from the applicant’s BCA account

Document Requirements:

More Details: https://www.bca.co.id/en/individu/produk/pinjaman/kpr/kpr-refinancing

(3) Home renovation loan

Solution for bigger houses because of increasing family members or to create a new atmosphere at home

Requirement:

• Indonesian citizens
• Permanent Employees with minimum 1 year employment at the same company or 2 years total employment
• Professionals/entrepreneur with minimum 2 years employment at the same field
• Minimum age 18 years or married
• Maximum age of 66 years when the credit ends for Professionals/entrepreneur
• Maximum age of 56 years when the credit ends for Permanent Employees
• The applicant is obliged to cover insurance (life and fire) with the condition of the banker’s clause
• Willing to sign a credit agreement and APHT (Liability Charge Act)
• Auto debit payment from the applicant’s BCA account

Document Requirements:

More Details: https://www.bca.co.id/en/individu/produk/pinjaman/kpr/kpr-renovasi

3. Car Loans

BCA provides financing options for purchasing new or used vehicles. These loans often come with flexible terms and conditions to accommodate the borrower’s financial situation.

Requirement:

• Indonesian citizens
• Permanent Employees/Entrepreneurs/Professionals/Companies
• Minimum 2 years employment (permanent)
• Minimum age 21 years or married
• Maximum age of 64 years when the credit ends
• The vehicle must be insured through KKB BCA
• Comprehensive insurance for the first year and at least TLO for the following year (except TLO commercial vehicles during the credit period)
• Payment via auto debit

Document Requirements:

More Details: https://www.bca.co.id/en/Individu/produk/pinjaman/KKB

4. Motorcycle Financing (KSM)

This product helps customers finance the purchase of motorcycles, offering tailored repayment plans.

Document Requirements:

Individual:

• Photocopy of KTP;
• Photocopy of Passbook Cover
• Account movements
• Photocopy of spouse’s KTP
• Photocopy of Family Card
• Salary Slip or authorized income letter *)
• Photocopy of electricity bill/telephone/photocopy of house certificate *) *) for new customer

Notes :

• Regular customers are qualified as BCA customers who have owned a BCA account for 6 (six) months (Tahapan/Tapres/BCA Dollar, Deposito, Giro, or Credit Card BCA)
• A new customer is qualified as a BCA customer who owns a BCA account for 3 (three) to 6 (six) months (Tahapan/Tapres/BCA Dollar, Deposito, Giro, or Credit Card BCA)
• If late payment of installments occurs, a fine will apply as stated in the Financing Agreement that has been signed by the Consumer

More Details: https://www.bca.co.id/en/Individu/produk/pinjaman/KSM

V. How to Apply for a Loan on Bank Central Asia (BCA)

You can apply for the loan through the BCA website. Here’s how:

• Visit the BCA individual Loan page. https://www.bca.co.id/en/individu/produk/pinjaman
• Fill out the online application form available on the site.
• Track your application status through the BCA Webform for easy monitoring.