The Bank ICB Bumiputera Motor Vehicle Loan is a loan facility given by Bank ICB Bumiputera for its customers to realize their dreams in owning a motor vehicle easily, for individuals or collective customers.

Benefits and Advantages

·      A low Down Payment (DP)

·      A very competitive interest rate

·      Up to 5 years of Loan Tenor

·      Customer can pay/apply from a joint income

·      Paying installments made easy because it would automatically be debited from your Bung Hari savings account

·      A second-hand vehicle can be up to 10 years old when the loan is finished

Terms and Conditions for the Vehicle Loan Application

?  The type of vehicles we finance must be within the category of Passenger Car (Sedan/Saloon or Non-Sedan/Saloon)

?       Credit allowance is between Rp 50,000,000.00 to Rp 1,000,000,000.00

?      Maximum Debt Service Ratio is 35% from customer’s private income or 35% from customer’s joint income with customer’s spouse

?       Indonesian Citizen

?       This facility is strictly for debitors working as full-time employee, self-employed/entrepreneurs or professionals

?      For full-time employees, the minimum work experience is 2 years and you must also have worked at the current company/employer for a minimum of 1 year

?      For self-employed/entrepreneurs, your business must have been running for a minimum of 2 years

?       For professionals, a minimum of 2-years practice is required

?    Debitor must be at least 21 years of age by the time the loan starts and at the time of the end of the tenor period the debitor must be 55 years old at the oldest (for full-time employees)

?    Debitor must be at least 21 years of age by the time the loan starts and at the time of the end of the tenor period the debitor must be no older than 60 years old (self-employed/entrepreneurs and professionals)

Required Documents