The ability of the debtor is the main requirement for an entrepreneur or businessman to apply for credit to the bank, because after all the bank hopes that the credit provided is successful and not stuck in the middle of the road. In this case, you as the person who applied for credit is a debtor.
Usually when applying for credit, the bank always asks for a reference to the financial portfolio of prospective borrowers, especially in terms of the amount of income and expenses, as well as mutations in the financial statements to assess consumption patterns.
In calculating abilities, there is the term Debt Buren Ratio or the ratio of debt to income. Each bank has a different policy on this matter, but in general the bank generally sets the formula that the ratio of all installments to take home pay income should not exceed one third.
Credibility of Prospective Debtors
After the prospective debtor submits a loan request file to the bank, the bank usually checks at the Bank Indonesia (BI) data center or conducts a Bi Checking to see the financial track record of the prospective debtor, has ever experienced bad credit, or other banking problems.
And be careful if you ever have problems with this institution, it is certain that your credit application will be hampered or important until this financial problem is resolved. In fact, credit applications may be rejected by all banks.
Collateral for Prospective Debtors
One thing we need to remember, banks are not pawnshops or auction houses, so almost all banks do not like to take over collateral from debtors in the case of bad credit. Because for the process of taking over collateral from the debtor requires a large enough cost, not to mention the process is a little complicated so it is quite draining time, energy, and mind.
Even so, having the collateral of the prospective debtor is the most appropriate solution if at any time the debtor is stuck or absent from the agreement.
In addition, the completeness of the letter, the location of the collateral and the condition of the collateral are also important considerations for the bank to approve the issuance of credit. The value of the collateral is usually determined by the bank clerk based on the completeness of the requirements, collateral location, and collateral conditions.
The more strategic the location of the collateral location, the more expensive the value will be. Usually, each year the value of collateral will increase, and for some banks, especially Islamic banks, the increase in collateral value can provide an opportunity to apply for additional credit in accordance with the rules set by the bank.
In some cases, the banks often ask for a down payment or a down payment on a sizable amount, namely 20% for new homes and 30% for the second. This is intended in addition to being an initial bond between the debtor and the bank, as well as creating a sense of responsibility so that the debtor does not easily overlook the business credit he receives.
In addition, if at any time the debtor is absent or does not carry out his obligations, then this advance can be used as a cover for the costs of taking over the debtor’s collateral assets.
Business Proposal Clearly, Credit Made Easy
Not all credit applications will be approved by the bank, because the bank does not want to take the risk to pass credit for businesses that are not or have not been credible. For this reason, it is important for us to understand portfolio and business soundness before submitting a credit proposal to the bank so that we avoid being caught in bad loans.
In addition, adjust the character of our business with bank requirements so that the injection of fresh funds can be used as much as possible in accordance with the original purpose of making the proposal. Congratulations to increase your business!