Bank Guarantee is a non-direct loan* facility in which Bank BRI acts as the underwriter, guaranteeing the customers/debtors’ ability to fufill their obligations to the underwriter. Bank BRI does not impose an interest fee to the businesses for Bank Guarantee.
About
Project owner (bowheer) often requires a Bank Guarantee to ensure the performance of an agreed contract. Bank BRI issues a Bank Guarantee to facilitate MSME businesses.
- Specifically issued for customers as payment bond to the supplier of the product
- The different Bank Guarantees available:
- Bank Guarantee for Purchase/Procurement of Raw Material/Trading Goods and Trade Supplies (Agent/Dealer)
- Bank Guarantee for Cigarette Excise Bands
- Bank Guarantee for suspended payment of import duties and other levies
- Bank Guarantee for exemption of import duties for investment goods
- Standby Letter of Credit (SBLC)
Requirements
Indonesian Ciziten customer
Customer to attach the Original Copy of Master Agreement between customer/debtor candidate and the Beneficiary of Bank Guarantee/Third Party
If a counter guarantee in the form of idle funds deposit is issued for each Bank Guarantee for business customers, it is issued at a minimum amount of 10% of the issued Bank Guarantee
If a counter guarantee in the form of idle funds deposit is issued for each Bank Guarantee for business customers, it is issued at a minimum amount of 10% of the issued Bank Guarantee
Maximum Bank Guarantee term of 1 year.
Counter guarantee alternatives: 1. Overseas counter guarantee. 2. Cash deposit. 3. Other counter guarantees (Non-material counter guarantee - corporate guarantee and material counter guarantee – land/building, vehicle/machinery), which has been processed together with the loan facility.