BRI Offers Online Access too Rp100 Million Loans with Installment Simulations
Jakarta, Indonesia – Small and medium-sized enterprises (SMEs) in Indonesia can now access working capital loans up to Rp100 million (approximately $6,300 USD) through BRI’s online platform, Brimo, with readily available installment simulations to aid financial planning. The move streamlines the loan submission process, eliminating the need for in-person branch visits and offering fast disbursement of funds.
This increased accessibility comes as the Indonesian government prioritizes SME growth as a key driver of economic progress. KUR (kredit Usaha Rakyat, or People’s Business Credit) loans are designed to provide affordable financing to micro and small businesses, and BRI’s online application process aims to broaden reach and efficiency. Understanding potential monthly payments is crucial for business owners, and BRI provides a clear breakdown of installment amounts based on loan size and repayment tenor.
According to a simulation published by Jabarekspres.com,a Rp100 million loan can be repaid in installments ranging from Rp8,833,333 (approximately $555 USD) over 12 months to Rp2,166,667 (approximately $136 USD) over 60 months.Other loan amounts and tenors are also detailed:
* Loan IDR 1 Million: 12 months (IDR 88,333), 18 months (IDR 60,556), 24 months (IDR 46,667), 36 months (IDR 32,778), 48 months (IDR 25,833), 60 months (IDR 21,667)
* Loan of IDR 10 million: 12 months (IDR 883,333), 18 months (IDR 605,556), 24 months (IDR 466,667), 36 months (IDR 327,778), 48 months (IDR 258,333), 60 months (IDR 216,667)
* Loan of IDR 50 million: 12 months (IDR 4,416,667), 18 months (IDR 3,027,778), 24 months (IDR 2,333,333), 36 months (IDR 1,638,889), 48 months (IDR 1,291,667), 60 months (IDR 1,083,333)
Applying for the KUR BRI loan online via Brimo involves the following steps:
- Log in to the Brimo application with an active account and the latest version.
- Select “BRI loan,” then “Submit a loan” and choose Working Capital Credit (KUR).
- Complete the application form with personal and business details, ensuring accuracy against official documents (KTP, KK, NIB or Business Certificate).
- Upload supporting documents, such as NPWP (for loans exceeding Rp. 50 million).
- Submit the form and track its status within the application.
- Upon verification and survey completion, approved funds will be disbursed to the applicant’s account.