Mandiri Bank: Over 25 years of financial stability and trust in Indonesia
What you need to know about this loan:
- Loan Amounts Offered: Up to Rp1.5 billion
- Loan Terms (monthly): From 12 to 180 months
- Payment methods: Auto-debit from Mandiri account
- Interest rate: Starting at 9.25% per annum (effective)
Pros
- Collateral-free: Access credit without putting your assets at risk.
- Fast approval with digital process: Less paperwork, quicker results.
- Easy refinancing (top-up): Borrow again with minimal steps.
- Special conditions for government workers: Tailored benefits for PNS, TNI, POLRI.
- Low cost: Provision fee from 1%, admin fees from Rp100,000.
Cons
- Tied to Mandiri payroll accounts: Limited to eligible payroll users.
- Extra documents for some roles: E.g., SK form for military/police staff.
Why Choose Mandiri for Your Loan?
Mandiri KSM offers significant advantages over loan products from Danamon, Panin Bank, BRI, CIMB Niaga, and Bukopin.
- Mandiri allows up to 15 years for repayment, while Panin and CIMB Niaga cap it at 5 years.
- Unlike Bukopin, which requires asset collateral, Mandiri’s loan is unsecured.
- Mandiri’s faster disbursement process beats BRI, where approvals can take up to 10 business days.
- With interest rates starting at 9.25%, Mandiri is more cost-effective than Danamon, which averages above 11%.
- And unlike CIMB Niaga’s high administrative fees, Mandiri offers promos with admin fees as low as Rp100,000.
How to Apply for Your Mandiri Multipurpose Loan
Click to get your ideal loan now with the security of Mandiri Bank.