BRI Offers KUR Loans Up to Rp500 Million with Low Interest Rates
Executive Summary
Key insights and market outlook
Bank BRI is offering Kredit Usaha Rakyat (KUR) loans up to Rp500 million with an effective interest rate of 6% per annum. The program is designed for micro, small, and medium enterprises (MSMEs) with productive businesses. Applicants can submit their applications online through BRI's KUR portal or offline at BRI branches. The loan comes in two categories: KUR Mikro (up to Rp50 million) and KUR Kecil (Rp50 million to Rp500 million), with different requirements and tenor options.
Deep Dive Analysis
BRI Expands KUR Loan Program for MSMEs
Comprehensive Loan Offerings for Micro Enterprises
Bank Rakyat Indonesia (BRI) is offering its Kredit Usaha Rakyat (KUR) program, providing loans up to Rp500 million at a competitive 6% effective annual interest rate. This initiative is specifically designed to support micro, small, and medium enterprises (MSMEs) by providing accessible capital for business development.
KUR Program Structure
The KUR program is divided into two main categories:
-
KUR Mikro: For loans up to Rp50 million
- Maximum tenor: 3 years for working capital, 5 years for investment
- No administration or provincial fees
- Suitable for small-scale businesses
-
KUR Kecil: For loans between Rp50 million and Rp500 million
- Maximum tenor: 4 years for working capital, 5 years for investment
- Collateral requirements follow internal bank policies
- Suitable for growing businesses
Eligibility and Application Process
To be eligible for BRI's KUR program, applicants must:
- Be Indonesian citizens
- Have a productive and feasible business
- Have been operating their business actively for at least 6 months
- Not be receiving other bank credit (except for consumer loans like mortgages or credit cards)
- Provide required documents including KTP, KK, and business permit
Application Channels
BRI offers a convenient application process through both digital and physical channels:
-
Online Application: Through
- Register or log in to existing account
- Fill in required information
- Upload necessary documents
- Get loan installment simulation
- Submit application for verification
-
Offline Application: At BRI branch offices
- Bring required documents
- Open BRI account if not existing
- Request KUR application
- Undergo initial verification
- Wait for business survey and final approval
Impact on MSME Sector
The KUR program with its low interest rate and accessible terms is expected to significantly boost MSME growth in Indonesia. By providing capital at competitive rates, BRI is supporting business expansion, job creation, and overall economic development in the MSME sector.
Source References
Story Info
Topics Covered
Key Events
KUR Loan Program Expansion
MSME Loan Accessibility Improvement