MyCash

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MyCash

MyCash is a financing product from JACCS MPM Finance Indonesia with a car or motorcycle BPKB guarantee, which is designed to be a solution for various customer needs, such as education, marriage, health, and tourism costs. JACCS MPM Finance Indonesia provides the MyCash financing with a competitive financing structure and installment tenor options that suit the capabilities of the debtors. It is also supported by insurance protection, an extensive installment payment network (mitra channel payment), and the security of vehicle BPKB storage.

Subject	Description
Type of Vehicles	Passenger car: Sedan, city car, hatchback, multi-purpose vehicle (MPV), sport utility vehicle (SUV). Commercial car: Pick up, light truck, heavy truck. Motorcycles: Honda, Yamaha, Suzuki, & Kawasaki
Minimum of Loan	Car: start from IDR 10,000,000 Motorcycle: start from IDR 2,000,000
Vehicle Year	Car: start from 2010 Motorcycle: start from 2012
Tenor	Car: maximum 48 months Motorcycle: maximum 36 months
Interest Rate	Car: start from 8.39% flat per year Motorcycle: start from 16.56% flat per year
Insurance & Type of Coverage	All Risk (Comprehensive), and Combination of All Risk (Comprehensive) with TLO (Total Loss Only) TLO (Total Loss Only) Life insurance
Loan Application Fee	Administration fee: start from IDR 1,100,000 Provision fee: maximum (1.25% x principal of financing) + IDR 250,000 Fiduciary fee: start from IDR 50,000 Survey fee: IDR 300,000 - IDR 5,000,000 (according to distance and costs incurred) Blocking costs BPKB: start from IDR 300,000 Insurance premium fee: 0.2% - 4.0% from OTR Life insurance premium costs: 0.208% - 1.381% per year Insurance policy fee: IDR 35,000 - IDR 50,000
Incidental Costs	Late charge: 0.5% x installment Early repayment penalty: (5% x outstanding principal) + IDR 100.000 (Car) Early repayment penalty: (7% x outstanding principal) + IDR 100.000 (Bike) Pick up fee: IDR 25,000 Asset Recovery fee: maximum IDR 5,000,000 BPKB maintenance costs: IDR 100,000 per year
General Terms of Debtor	Individual/personal: Employees (long worked min. 2 years in the same company at the time of application), Self-employed (min. 3 years in the same business field), and Professional. Enterprises: Limited Liability Company (PT), Komanditer Guild (CV), Trading Business (UD), Trading Company (PD), individual business, firm. Indonesian citizen (WNI). The debtor's age is at least 21 years. The age of the debtor at the time the credit period is completed is a maximum of 65 years. Have your own place to live.
Requirements documents	The original BPKB on behalf of yourself or your partner. BPKB on behalf of another person must attach proof of purchase. Personal: Copy of debtor and spouse ID card Copy of kartu keluarga Copy of NPWP Copy of marriage certificate/ marriage book/ divorce certificate Proof of residence: Copy of electricity bill for the last 3 months/ PBB Proof of income: Salary slips/ work certificates/ savings books/ bank accounts Enterprises: The deed of establishment and the legalization of the Minister of Law and Human Rights Deed of the amendment (if any) Business domicile certificate TDP / SIUP / business license Copy of the identity of commissioners and directors.
Risks	The risk of the application being disapproved if the debtor does not meet the applicable terms and conditions. Additional risk costs incurred in case of delay in payment of installments. Additional risk costs incurred if the debtor did early repayment. Collateral execution risk that occurs due to negligence in making installment payments in accordance with the agreement, and/or transferring/mortgaging the object of financing without the knowledge of JACCS MPM Finance Indonesia. Reputation risk in the form of a history of financing recorded in the Financial Information Service System (SLIK) when the debtor is in arrears in payment.

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