Needs often come unexpectedly, although previously we already assess the needs in the future. But often there is a need that is not unexpected and urgent that must be met that need funding. Then we make a loan to the bank became one of the most convenient and practical solution which is used as an option. In every month we also increase the burden of spending enough to drain the bag. It later became one of the considerations or concerns that may terbesit in your mind is whether it can pay off the loan.
The concern was also taken into consideration for financing commercial banks or financial institutions. If many debtors are unable to repay their credit load, will certainly result in losses. It is even possible to go out of business. However, it has no need to worry about anymore. Because now available credit insurance services.
Credit insurance is one type of protection provided to a commercial bank or financial institution finances. Such protection is a protection for the risk debtors unable to repay the loan credit load. Protection is not given to the debtor as the recipient of credit from commercial banks / financial institutions finance. However, the insured party is a commercial bank / financial institution financing itself.
Criteria Guaranteed Loans
Commercial banks or financial institutions that wish to apply for financing of credit insurance should understand some of the criteria that can be secured credits in credit insurance. Some of the credit criteria is if credit is given to the customer / debtor based on the norms of a healthy credit, reasonable, and generally accepted; the debtor at the time the creditor is at the economic conditions are unstable or in bankruptcy proceedings, the debtor does not currently have a mortgage or a debt burden that is obtained from a commercial bank or financial institution other financial and debtor already have a business license and do not conflict with rules or applicable law. In addition, the credit process conducted in accordance with appropriate Manual SE Lending Bank Indonesia.
For credit granting criteria in bulk guaranteed credit insurance are loans that have the same economic sector and in aspects of management, marketing, learning, technical aspects, these efforts require management related between each other.
Risks to Guaranteed
Some of the risks that can be secured on credit insurance is a risk if the debtor is unable to repay the loan at the time is due for the business carried on the debtor is not running anymore.
The debtor has no ability to pay its obligations in the form of debt (insolvent) because venture capital deficit alias that they have been the bankrupt. Where the debtor has been declared bankrupt by a court of competent jurisdiction or the debtor has been subjected to liquidation, and as long as the debtor is not a legal entity that is placed under forgiveness.
The third criterion is the debtor who left the responsibility to pay off the debt with escape / disappeared / no longer known address.
Debtor conduct a recall of credit before the loan repayment period previously agreed ends. This provision is devoted to the types of loans with maturities of more than 2 (two) years. The risk still has some sub other provisions.
Another risk is guaranteed by the insurer in its implementation is technically determined by mutual agreement between the two sides.
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