Trusted by over 1.5 million customers across Indonesia
What you need to know about this loan:
- Loan Amounts Offered: Up to Rp1.5 billion
- Loan Terms (monthly): From 1 to 180 months
- Payment methods: Auto-debit via Mandiri account
- Interest rate: Starting from 9.25% per year (effective)
Pros
- No collateral required: You don’t need to secure your loan with assets.
- Wide eligibility criteria: Available to government, military, police, state-owned, regional-owned, and private sector employees.
- High credit limit: Up to Rp1.5 billion depending on eligibility.
- Exclusive promos and discounts: Reduced fees for new, top-up, or refinancing applications.
- Simple online process: Apply via the Livin’ by Mandiri app.
Cons
- Only available to Mandiri payroll clients: Requires salary disbursement through Mandiri.
- Specific documentation for some applicants: E.g., SK form for military/police.
Why Choose Mandiri for Your Loan?
Applying for a loan with Mandiri can offer distinct advantages compared to loans from BRI, BNI, BTN, OCBC NISP, and Danamon.
- Mandiri provides up to 15 years for repayment, while BRI and BNI limit most of their loans to 10 years.
- No minimum credit score is required with Mandiri KSM, whereas BNI often checks your score thoroughly.
- Mandiri’s loan also stands out by requiring no collateral, unlike BTN, which typically requires assets.
- Compared to OCBC NISP, Mandiri offers lower interest rates starting at 9.25%, making it more affordable.
- Additionally, Mandiri offers a fully digital process, unlike BNI, which still relies heavily on in-person paperwork.
How to Apply for Your Mandiri Multipurpose Loan
You can apply directly through the Livin’ by Mandiri app or at your nearest branch.