A Deposit Collateral Loan is a loan where you use your fixed deposit as a guarantee. Your deposit still earns interest, and at the same time, you can borrow money based on the amount of your deposit.

To apply, you must:

• Be an Indonesian citizen (individual)​

• Have no bad loan history in the last 12 months​

• Not be listed as a problematic debtor in the last 12 months​

• Have no legal problems or negative records​

• Make the deposit through the Livin app​

• You can apply anytime and anywhere using the Livin’ app​

• You get a loan without having to withdraw your deposit — your deposit still earns interest​

• You can borrow up to IDR 10 billion​

• The process is fast and easy​

No, only deposits made through the Livin app can be used as collateral.​

• The loan interest rate is 0.5% on the top of the deposit interest rate​

• Late payment fines start at 2% on the top of the current interest rate, based on the overdue amount​

• An administration fee of IDR 250,000 per loan application​

• A provision fee of 0.1% per year based on the loan amount​

• Interest rates and fees can change based on bank policies​

You can borrow min. IDR 1 million and max.  IDR 10 billion.

There are three stages in the application process, as follows: ​

• Application is being checked
  This is the initial verification stage of your loan application, which generally takes approximately 15 minutes. ​

• Application approved
  At this stage, the loan application has been approved by the Bank, and you may proceed with the online signing of the Loan Agreement through the Livin’ by Mandiri application. After the Loan Agreement has been signed, the loan will be further processed by the Bank.​

• Funds Disbursed
  At this stage, the Bank processes the disbursement of the loan to the your savings account. The disbursement may be completed within approximately 30 (thirty) minutes after the approval and signing processes are completed, subject to data completeness, system availability, and applicable terms and conditions. In certain circumstances, the disbursement process may require a longer processing time. ​

You can monitor the status of your application through the Inbox in the Livin’ by Mandiri application or via periodic email notifications.

There are 2 ways to pay:​

• Monthly payments: Pay your principal and interest every month on the 15th. The loan can last up to 36 months.​

• Pay principal at the end: Pay interest every month on the 15th, and pay the full principal and remaining interest when the loan ends. This option lasts up to 12 months

• If you don’t pay, your loan will be considered overdue.​

• If you don’t pay the penalty within 1 day, your deposit will be automatically used to pay off the loan.​
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• Your deposit will be used to pay the loan.​

• You will be charged a daily penalty for late payments.​

• Your credit record will show that you missed payments, which is recorded in the Financial Information Service System (SLIK).​

If you believe you did not make the transaction, you can report it by calling Mandiri Call at 14000.​

You can report the issue by calling Mandiri Call at 14000 or by visiting the nearest Mandiri branch.

Currently, early repayment of a kredit agunan deposito​ is not allowed before the loan maturity date.

Once submitted, a kredit agunan deposito​ application cannot be cancelled.

• You cannot apply for a top-up on an existing kredit agunan deposito​ that has already been processed and disbursed to your account.​

• If you need additional funds, you may apply for a new kredit agunan deposito​ after the previous loan has been successfully disbursed.​

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If your application status remains unchanged for more than 3 days, please contact Mandiri Call at 14000.​