Kredit Usaha Rakyat (KUR)
Kredit Usaha Rakyat Baru
Kredit Usaha Rakyat
KUR consist of working capital and/or investment loan/financing provided to individual/personal MSME (Micro, Small, Medium Enterprises)-scale who is profitable and creditworthy but does not have additional collateral or has additional collateral but is not sufficient.
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Increasing and expanding access to financing to profitable business;
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Increasing competitive advantages of Micro, Small, and Medium Enterprises; and
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Encouraging economic growth and workforce intake.
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Have a profitable and creditworthy business running for at least 6 months
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Have a Business Identification Number (NIB) or Business Certificate
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Have a National ID (e-KTP)
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Have a Tax ID (NPWP) if applying above IDR 50 million
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Have not received commercial loans above IDR 20 million
Business or Business Community Debtor of KUR must be profitable and creditworthy business activities producing goods and/or services to provide added value and increase incomes for businessmen. Debtor's Risk Acceptance Criteria (RAC) are as follows:
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Age of the prospective debtor is at least 21 years old or has been married, the age of the prospective debtor of Employment of Indonesian Migrant Worker is allowed to be at least 18 years old, however they must submit a statement letter of from the prospective debtor and a letter of consent from their parents/guardians to work abroad;
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Based on assessment on the prospective Debtor conducted by Bank through Financial Information Service System (SLIK) as follows :
1. Prospective Debtor may simultaneously obtain credit/financing, namely KUR at the same Distributor, home ownership loan, two-wheeled motor vehicle credit/leasing for commercial purposes, credits secured by Pension Certificate, credit card, warehouse receipt credit, and/or consumptive credit for household purposes from banks and non-Bank financial institutions in accordance with definitions as stipulated by the laws and regulations with a current collectability status;
2. Prospective Debtor who still has a debit balance of credit/profitable financing and credit/financing programs outside KUR that are recorded in Financial Information Service System (SLIK) but the concerned person has paid off the credit, a certificate of repayment/settlement supported with a printed account attachment from the previous lender/financing provider are required. -
Particularly for KUR Kecil Prospective Debtor/Debtor who is not included in National Blacklist of as a Drawer of Bad-Cheque and/or Bad Bilyet Giro
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Prospective Debtor of KUR Super Mikro, Mikro KUR, KUR Kecil, and KUR PMI, and KUR Khusus have never obtained credit/investment financing/commercial working capital, except for :
1. Consumptive credit/financing for household purposes;
2. Loans/financing of ultra-micro schemes/scales or similar with a maximum ceiling of IDR 20,000,000,- ;
3. Credit to information technology-based co-financing service companies or digital-based financing companies.
4. Consumptive credit/financing with a ceiling of up to Rp500,000,000,- which in the financial information service system is declared as productive credit, evidenced by a credit/financing agreement.
KUR distributed by Bank consists of:
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KUR Super Mikro;
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KUR Mikro;
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KUR Kecil;
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KUR for Indonesian Migrant Worker (formerly was KUR TKI); and
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KUR Khusus
KUR provision is prioritized in productive sector, including sectors that increase the quantity of goods and/or services in:
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agriculture, hunting and forestry sectors;
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marine and fisheries sector;
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manufacture sector;
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construction sector;
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people's salt-mining sector;
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tourism sector;
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production services sector; and/or
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other production sectors.
| KUR Super Mikro | KUR Mikro | KUR Kecil | KUR PMI | KUR Khusus | |
|---|---|---|---|---|---|
| Credit Limit | up to IDR 10 million | > IDR.10 million up to IDR 100 million | > IDR100 million up to IDR 500 million | Max. IDR 100 Million* | up to IDR 500 million |
| Tenor | 1. Working capital loan max 3 years 2. Investment loan max 5 years |
1. Working capital loan max 3 years 2. Investment loan max 5 years |
Same as working contract and/or internship with max. period of 3 years | 1. Working capital loan max 4 years 2. Investment loan max 5 years |
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| Interest Rate | effective 3% p.a. | 1. Prospective borrowers of KUR Mikro in Production Sector or Export Trading Sector amounted to effective 6% p.a.; 2. Prospective borrowers of KUR Mikro in Non-export Trading Sectors: - Obtained the first time KUR amounted to effective 6% p.a.; and - Obtaining the 2nd KUR amounted to effective 7% p.a. |
1. Prospective borrowers of KUR Kecil borrowers in Production Sector or Export Trading Sector amounted to effective 6% p.a.; 2. Prospective borrowers of KUR Kecil in Non-export Trading Sectors: - Obtained the first time KUR amounted to effective 6% p.a.; and - Obtaining the 2nd KUR amounted to effective 7% p.a. - Obtaining the 3rd KUR amounted to effective 8% p.a. - Obtaining the 4th KUR amounted to effective 8% p.a. |
Effective 6% p.a. | Effective 6% p.a. |
| Principal collateral | Not Required | Not Required | Business or object(s) to be financed | Not-required | Business or object(s) to be financed |
| Additional collateral | Not Applied | Not Applied | Required in the form of land and/or building or motor vehicle | Not Applied | Land and/or building or motor vehicle |
| Minimum business operational period | Prospective debtor of super micro KUR are allowable for a business having less than 6 months operation, however must comply with any of requirements as follows: 1. Participating in mentoring program. 2. Participating in entrepreneurship training or other trainings. 3. Join in a Business Community; or 4. Having a family member who has business activities |
At least 6 months. Exception for - Workers affected by Termination of Employment (PHK) have participated the entrepreneurship training and have operated business activities for at least 3 months. - Smallholder sugarcane farmers that works with business partner and business partner willing to held mentoring program |
At least 6 months. Exception for smallholder sugarcane farmers that works with business partner and business partner willing to held mentoring program |
At least 6 months. Exception for prospective debtor of KUR in agricultural sector and business partner willing to held mentoring program |
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| Accumulated credit limit for each debtor | Not limited by the total accumulated Super Mikro KUR credit limit. | 1. Prospective borrowers of KUR Mikro in Production Sector and Export Trading Sector are not limited with total accumulated KUR Mikro credit limit. 2. Prospective borrowers of KUR Mikro in Non-Export Trading are limited to obtain KUR for a max. of 2 (two) times. |
Max. IDR500 Million each dentor. | Max. IDR 500 million each debtor. |
For information on fees charged, you can directly contact the nearest Bank Mandiri Branch Office/Micro Unit.
Please refer to the table of point 7 above
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a. Super Micro KUR, Micro KUR, Small KUR, Special KUR
- i. Business Identification Number (NIB) or Micro and Small Business Certificate (SKU) issued by RT/RW, sub-district/village, or by issued the authorized officials and/or other similar certificates in accordance with the provisions of laws and regulations;
- ii. Identification Number (NIK) as evidenced by an identity card in the form of eKTP or e-KTP Issuance Cover Note.
- iii. Tax Id Number (NPWP) for limits above IDR 50 million.
- iv. Copy of Family Card
- v. Copy of Marriage/Divorce Letter/Certificate (for prospective Debtor who is married/divorced).
- vi. BPJS Employment membership (only for Small KUR & Special KUR credit limit >IDR 100 million)
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b. KUR Employment of Indonesian Migrant Worker
- i. Population Identification Number (NIK) as evidenced by identity card in the form of eKTP or e-KTP Issuance Cover Note;
- ii. Indonesian Migrant Worker employment agreement by the Indonesian labor employment and/or internship agency.
- iii. Employment Agreement with the employer of Indonesian Migrant Worker either placed by the Indonesian employment and/or internship agency, the Government or Indonesian Migrant Worker who works individually.
- iv. Copy of Family Card
- v. Copy of Certificate of Marriage/Divorce (for prospective Debtor who is married/divorced)
Debtor of KUR Kecil and KUR Khusus with a credit limit above IDR 100,000,000.00 (one hundred million rupiah) is required to participate in the Employee Social Security Program (BPJS) in accordance with the provisions of laws and regulations of employment social security implementation
For more information, please contact the nearest Bank Mandiri Micro Branch/Unit and Mandiri Call 14000.
| Credit Limit | Tenor (months) | ||||
|---|---|---|---|---|---|
| 12 | 24 | 36 | 48 | 60 | |
| 10,000,000 | 860,664 | 443,206 | 304,219 | 234,850 | 193,328 |
| 15,000,000 | 1,290,996 | 664,809 | 456,329 | 352,275 | 289,992 |
| 25,000,000 | 2,151,661 | 1,108,015 | 760,548 | 587,126 | 587,126 |
| 30,000,000 | 2,581,993 | 1,329,618 | 912,658 | 704,551 | 579,984 |
| 40,000,000 | 3,442,657 | 1,772,824 | 1,216,877 | 939,401 | 773,312 |
| 50,000,000 | 4,303,321 | 2,216,031 | 1,521,097 | 1,174,251 | 966,640 |
| 60,000,000 | 5,163,986 | 2,659,247 | 1,825,316 | 1,409,102 | 1,159,968 |
| 70,000,000 | 6,024,650 | 3,102,443 | 2,159,536 | 1,643,952 | 1,353,296 |
| 80,000,000 | 6,885,314 | 3,545,649 | 2,433,755 | 1,878,802 | 1,546,624 |
| 90,000,000 | 7,745,979 | 3,988,855 | 2,737,974 | 2,113,653 | 1,739,952 |
| 100,000,000 | 8,606,643 | 4,432,061 | 3,042,194 | 2,348,503 | 1,933,280 |
| 110,000,000 | 9,467,307 | 4,875,267 | 3,346,413 | 2,583,353 | 2,126,608 |
| 150,000,000 | 12,909,964 | 6,648,092 | 4,563,291 | 3,522,754 | 2,899,920 |
| 200,000,000 | 17,213,286 | 8,864,122 | 6,084,387 | 4,697,006 | 3,866,560 |
| 350,000,000 | 30,123,250 | 15,512,214 | 10,647,678 | 8,219,760 | 6,766,481 |
| 500,000,000 | 43,033,215 | 22,160,305 | 15,210,969 | 11,742,515 | 9,666,401 |
Until December 31, 2026