PT Bank Mandiri Tbk launched its 2026 People’s Business Credit (Kredit Usaha Rakyat, or KUR) program, offering micro and small business owners subsidized financing with loan ceilings starting at Rp50 million and low interest rates to boost operational capacity, karawangbekasi.disway.id reported. The state-owned lender designed the financing to cover productive needs like purchasing raw materials, adding inventory, and upgrading equipment.
Mandiri KUR Loan Terms And Monthly Installment Estimates For Rp30 Million
For entrepreneurs requiring a smaller financing injection, Bank Mandiri provides a Rp30 million KUR tier with effective interest rates starting at 6% per year and repayment terms reaching up to 60 months, demokratis.co.id reported. Borrowers must review estimated monthly installments against their business cash flow before filing an application. demokratis.co.id outlined the projected monthly repayment schedule for a Rp30 million loan across various tenors:
- 12 Months: Rp 2.581.993 per month
- 24 Months: Rp 1.329.618 per month
- 36 Months: Rp912,658 per month
- 48 Months: Rp704,551 per month
- 60 Months: Rp579,984 per month
Democratic.co.id noted that these figures serve as preliminary simulations, and final monthly obligations depend on credit eligibility evaluations conducted internally by Bank Mandiri.
Required Administrative Documents For Loan Applicants
Applicants must assemble specific legal and personal documents before submitting their financing packets. demokratis.co.id reported that mandatory items include an e-KTP, a Family Card (Kartu Keluarga), and business legality proof such as a Business Identification Number (NIB) or a Business Certificate (SKU). Borrowers requesting credit ceilings above Rp50 million must attach a taxpayer registration number (NPWP). Applicants also need to present a marriage or divorce certificate if applicable, while ensuring they hold no active commercial credit facilities exceeding Rp20 million. Migrant workers applying through the specific Indonesian Migrant Worker (PMI) KUR category must provide an official overseas employment agreement.
Comparative KUR Ceiling Offerings Across Competing Banks
While Bank Mandiri targets financing with loans starting at Rp50 million, other state lenders maintain distinct micro-lending brackets. Bank Rakyat Indonesia (BRI) provides KUR Mikro loans ranging from above Rp10 million up to Rp100 million with annual interest rates between 6% and 9%, Bisnis.com reported. BRI splits its micro offerings into Working Capital Credit (KMK) with a maximum three-year tenor and Investment Credit (KI) carrying a maximum five-year tenor. Borrowers face no mandatory collateral requirements for these BRI micro loans, provided their current annual turnover stays within the Rp4.8 billion limit.
Regional institutions also participate in the government-backed credit expansion. Bank Jambi provides a Rp100 million KUR Mikro ceiling with repayment tenors ranging from 12 to 60 months, Jambi Ekspres reported. Borrowers selecting Bank Jambi’s 12-month term face monthly payments of Rp8,606,643, while those opting for the maximum 60-month term see monthly installments drop to Rp1,933,280.
Application Procedures And Program Disbursal Timeline
Borrowers can initiate loan applications by visiting local micro units or branch offices operated by Bank Mandiri, or by contacting Mandiri Call 14000 to discuss facility types and administrative procedures, demokratis.co.id reported. Disbursement for the Mandiri KUR program runs continuously through the 2026 calendar year, subject to the availability of government-allocated quotas.
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