Need a large amount of funds for urgent needs but unsure where to apply for a loan? Don’t worry—there’s no need to rush into choosing a quick loan provider without carefully considering security, interest rates, and your financial capability.
Before applying for a 100 million IDR loan, it’s important to understand the applicable requirements and choose a trusted financial institution to handle a large loan safely. To learn more, read the explanation below.
Reliable Options for a 100 Million IDR Loan
Before discussing the requirements, it’s essential to understand the various safe and reliable options for a 100 million IDR loan so you can choose the one that best suits your needs. Here are several options worth considering:
1. Unsecured Bank Loans (Personal Loans)
The first option is an unsecured personal loan from a bank. You can apply for a bank personal loan to borrow up to 100 million IDR. These loans typically offer competitive interest rates ranging from 0.65% to 2% per month, with tenors of up to 3 years.
Disbursement usually takes 1–7 business days, depending on bank policies and the borrower’s credit profile. This option is ideal if you want manageable installments and prefer not to provide asset collateral.
2. Online Loans
Online loans can be an alternative way to obtain funding. However, applying for a 100 million IDR loan online is relatively uncommon due to the large amount and stricter approval process.
That said, some online lending platforms offer loan limits of up to 100 million IDR. Applications are submitted through mobile apps, with daily interest rates of around 0.2%–0.3% and tenors generally ranging from 3 to 12 months, with some offering up to 24 months.
Before applying, make sure the online lending platform is reputable, licensed, and supervised by the Financial Services Authority (OJK).
3. Credit Card Cash Advance
You can also use a credit card cash advance facility with assistance from bank customer service. This option typically charges interest of around 1.75%–3% per month, plus administrative fees of 4%–6%, with the option to convert the balance into fixed installments over 12–24 months.
This method is practical for credit card holders who need quick cash without submitting additional documents, such as when traveling. However, cash withdrawals are usually limited to 30%–60% of the total credit card limit.
Read also: Stay Financially Wise! 10 Reasons Why You May Need a Loan
4. Digital Banks
Digital banks have become a popular alternative for instant 100 million IDR loans due to their fully online and convenient application processes. Through mobile apps, borrowers can apply with relatively simple requirements and fast verification.
Some digital banks offer loan limits of up to hundreds of millions of rupiah, competitive interest rates, and flexible tenors. This option is ideal for those who prioritize convenience, transparent fees, and fast disbursement without visiting a branch office.
5. Savings and Loan Cooperatives
Cooperatives offer relatively low interest rates with flexible tenors based on mutual agreements among members. The procedures are generally simpler, and fund disbursement usually takes 2–3 days, or even faster.
This option is suitable for borrowers who are already active members, as cooperative profits are redistributed to members in the form of Surplus Distribution (SHU).
6. People’s Business Credit (KUR)
KUR is a government-backed financing program designed for MSMEs. It offers low interest rates with repayment periods of up to 3–5 years, while fund disbursement typically takes 3–7 business days after the survey process.
This loan is ideal for productive business development, helping businesses grow with affordable interest burdens.
7. Financing Companies
Using a car ownership certificate (BPKB) or property certificate as collateral with a financing company can be an effective solution for obtaining medium to large loan amounts. One financing company offering this service is BFI Finance.
For example, applying for a car BPKB-backed loan at BFI Finance is relatively simple, with low interest rates of around 0.76%–1.1% flat per month and tenors of up to 48 months. Loan amounts start from IDR 10 million and can reach up to 95% of the vehicle’s value.
Requirements to Get a 100 Million IDR Loan Approved Faster
Before applying, there are several important factors you should prepare to ensure a faster and smoother approval process. Here are the common requirements to increase your chances of approval:
1. Prepare Essential Documents
Document preparation is a crucial first step to ensure your loan application is processed smoothly. Common documents required include:
-
National ID Card (KTP)
-
Family Card (KK)
-
Tax Identification Number (NPWP)
-
Salary slip or proof of income
-
Bank statements or transaction history
-
Employment certificate or business license
-
Collateral documents (if required)
2. Maintain a Good Credit History
In addition to complete documents, lenders will typically review your credit score before approving a loan. A good repayment history without arrears or delays indicates strong financial responsibility, increasing approval chances.
On the other hand, a poor credit score may delay or even reject your application. Make sure to maintain healthy credit by paying installments on time before applying.
3. The Role of Collateral
Collateral plays a significant role in increasing approval chances, especially for large loan amounts. With collateral, lenders face lower risk, allowing for faster approvals.
Common collateral includes valuable assets such as vehicle ownership certificates or property titles. The higher the asset value and clarity of ownership, the greater the chance of approval with more competitive terms and interest rates.
That’s a complete overview of reliable 100 million IDR loan options and the requirements you should prepare. Always choose a trusted financial institution that offers transparent loan schemes.
In certain situations, BPKB-backed financing can be a more practical alternative due to its higher loan limits, flexible tenors, and competitive interest rates. BFI Finance offers a fast, easy, and transparent solution for a 100 million IDR loan using a Car BPKB as collateral. You can also use House, Shop House, or Office Unit Certificates to obtain even larger loan amounts.
All BFI Finance services are licensed and supervised by the OJK, making them reliable for meeting your financial needs. So there’s no need to worry—when urgent needs arise, there’s always a solution with BFI Finance.
