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Shariah Current Account Financing (PRKS iB)
The Shariah Current Account Financing (PRKS iB) by BCA Syariah is a working capital financing facility where funds can be withdrawn at any time based on the real needs of customers
Benefits
- Meets the working capital needs of customers with flexible withdrawal/settlement mechanisms
- Helps customers obtain short-term funds for business operations
- Withdrawals can be made at any time based on the customer's actual needs
- Principal repayments can be made at any time or at the latest at the end of the financing period
- Fast and easy process
Features
| Features | Description |
|---|---|
| Contract Type | Profit-sharing (Musyarakah) |
| Target Customers | Individual customers and Business Entities |
| Financing Limit | Minimum IDR 500,000,000 |
| Currency | Indonesian Rupiah |
| Nature of Facility | Committed. Customers can make financing withdrawals up to the approved amount by the Bank |
| Financing Period | 12 (twelve) months |
| Nature of Financing | Revolving |
| Withdrawal Medium | Cheques or Giro Bills, or other withdrawal media determined by the Bank |
Requirements
- Customers must open a PRKS Giro account as the disbursement and installment payment destination account. If the customer has completed all obligations and requested the closure of facilities and/or settlement, the PRKS Giro account can be converted into a regular giro account by requesting a change of account data.
- Must have a monthly income because the profit-sharing will be calculated monthly based on the customer's actual income.
- Profit-sharing or other obligations must be paid by the customer every 7th of each month.
- Principal repayments can be made at any time or at the latest at the end of the financing period.
- Payment of profit-sharing or other obligations must be made through cash deposit funds and is not allowed to use funds from PRKS iB financing facilities.
- Must submit projections and realizations of income and sales as stipulated by the Bank.
