Bank Perkreditan Rakyat (BPR) is one of the financial institutions that have a significant role in supporting Indonesia’s economy. BPRs provide a variety of financial services that cater to the needs of micro, small, and medium enterprises (MSMEs). One of their services is BPKM Online Application, which allows MSMEs to access credit facilities conveniently.
What is BPKM Online Application?
BPKM Online Application is an online platform that provides easy access to credit facilities for MSMEs. Instead of going to a BPR, MSMEs can apply for credit facilities via the internet. This platform is developed by the Indonesian government and managed by the Ministry of Cooperatives and Small and Medium Enterprises (Kemenkop UKM). The application process is simple and straightforward, making it a popular choice among MSMEs.
Why Use BPKM Online Application?
BPKM Online Application offers several benefits to MSMEs. Firstly, it simplifies the loan application process. MSMEs no longer need to visit a BPR to apply for a loan, which can be time-consuming. Secondly, the platform is available 24/7, which means that MSMEs can apply for a loan at any time. Thirdly, the application process is transparent, allowing MSMEs to track their loan application progress easily. Lastly, BPKM Online Application offers lower interest rates compared to other financial institutions, making it an attractive option for MSMEs.
How to Apply for BPKM Online Application?
The application process for BPKM Online Application is simple and straightforward. Here are the steps:
Step 1: Create an Account
The first step is to create an account on the BPKM Online Application website. Click on the “Daftar” button on the homepage and fill in the registration form. You will need to provide your personal information, such as your name, address, and ID card number.
Step 2: Choose Loan Product
Once you have created an account, you can browse the available loan products on the platform. Choose the loan product that suits your needs and click on the “Ajukan Kredit” button to start the application process.
Step 3: Fill in the Application Form
Fill in the application form with accurate information. You will need to provide your business details, such as your business name, registration number, and business activities. You will also need to provide your financial information, such as your revenue and expenses. Make sure to double-check all the information before submitting the application.
Step 4: Wait for Approval
Once you have submitted the application, you will need to wait for approval. The approval process takes around 7-14 days. You can track the progress of your application on the platform.
Step 5: Sign the Agreement
If your application is approved, you will need to sign the loan agreement. The agreement can be signed electronically on the platform.
Step 6: Receive the Loan Disbursement
After signing the agreement, the loan disbursement will be transferred to your bank account. The loan disbursement process takes around 3-7 days.
Eligibility Criteria for BPKM Online Application
To be eligible for BPKM Online Application, MSMEs must meet the following criteria:
- Be a legal business entity that has been operating for at least one year
- Have a valid business registration number
- Have a bank account under the business name
- Have a good credit history
- Be able to provide accurate financial statements
Loan Products Available on BPKM Online Application
BPKM Online Application offers several loan products that cater to the needs of MSMEs. Here are some of the loan products available:
- KUR (Kredit Usaha Rakyat) – a loan product for MSMEs with a maximum credit limit of IDR 500 million
- KUR Mikro – a loan product for micro MSMEs with a maximum credit limit of IDR 25 million
- KUR Kesehatan – a loan product for MSMEs in the healthcare sector with a maximum credit limit of IDR 500 million
- KUR Perikanan – a loan product for MSMEs in the fishery sector with a maximum credit limit of IDR 1 billion
Conclusion
BPKM Online Application is a convenient and accessible platform for MSMEs to access credit facilities. With a simple and straightforward application process, MSMEs can apply for loans anytime and anywhere. The platform offers lower interest rates compared to other financial institutions, making it an attractive option for MSMEs. With several loan products available, MSMEs can choose the one that suits their needs. By utilizing BPKM Online Application, MSMEs can accelerate their business growth and contribute to Indonesia’s economy.
