Getting a loan with a high limit is one of the most effective solutions for people who need substantial funds for various purposes, such as business capital or education expenses.
To secure a high loan limit, there are several strategies you can apply—such as using assets as collateral and maintaining a good credit history. By doing so, your chances of getting a higher loan limit will increase significantly. Find out how in the guide below!
How to Get a High Loan Limit
Each individual may be eligible for a different loan limit. So, how can you get a high loan limit? Here are some practical steps you can take:
1. Use Assets as Collateral
Many financing institutions offer high-limit loans by requiring assets as collateral, such as a car ownership certificate (BPKB) or a house title deed. The higher the value of the pledged asset, the greater the potential loan limit you can obtain.
However, it is crucial to manage your loan responsibly to avoid the risk of default. If the borrower fails to repay the loan according to the agreed tenor, the collateralized asset may be seized by the financing institution.
2. Maintain a Good Credit Score
A good credit history or credit collectability significantly increases your chances of getting a higher loan limit. Financing institutions generally review your credit record before approving a loan application.
A positive credit history indicates that you are capable of repaying loans on time. As a result, your loan application process may be faster and more likely to receive a higher limit.
3. Choose a Trusted Financial Institution with High Loan Limits
Not all financial institutions offer high loan limits. Therefore, it is important to choose a trusted financing company that has the capacity to provide large loan amounts.
Additionally, make sure the institution is licensed and supervised by the Financial Services Authority (OJK). This ensures that you can obtain a secure high-limit online loan with competitive interest rates and a transparent credit assessment process. One financing company that meets these criteria is BFI Finance.
4. Prepare Business Documents and a Clear Fund Allocation Plan
If you plan to use the loan for business purposes, make sure to prepare a clear business plan and complete supporting documents. This will help financial institutions assess your business potential.
A well-structured business plan can significantly increase your chances of obtaining a higher loan limit.
High Loan Limit Options to Consider
There are several types of institutions that offer loans with high limits. Below are some options you can consider:
1. Multipurpose Loans
Some financing institutions offer multipurpose loans that can be used for various needs, such as home renovation, education costs, or business capital. The loan ceiling is generally large and depends on the value of the collateral and the borrower’s profile.
2. People’s Business Credit (KUR)
For MSME owners, People’s Business Credit (KUR) can be an alternative option. KUR is a government-subsidized financing program aimed at supporting the growth of small and medium enterprises.
The loan limit varies from IDR 25 million to IDR 500 million, depending on the type of KUR applied for, including KUR Micro, KUR Small, or KUR for Indonesian migrant workers.
3. Financing Companies
You can also obtain high-limit loans with long tenors from financing companies. These institutions typically offer large loan ceilings using vehicle or property collateral.
The higher the collateral value, the higher the loan limit you can receive. Financing companies also tend to offer flexible tenors and relatively fast disbursement processes.
One financing company you can consider is BFI Finance. BFI Finance provides loans secured by motorcycle BPKB, car BPKB, and property certificates (house/shop/office), depending on the appraisal results and company policies.
BFI Finance offers high loan limits ranging from IDR 100 million to IDR 3 billion for loans secured by property certificates. Meanwhile, loans secured by car BPKB can range from IDR 10 million up to 95% of the vehicle’s value. All financing applications undergo a thorough credit analysis and feasibility assessment based on prudential principles.
4. Unsecured Loans (KTA)
You may also consider unsecured loans (KTA), which offer fairly large limits ranging from IDR 10 million to IDR 300 million. The approved amount depends on your credit profile and repayment capacity.
With a relatively fast approval process, unsecured loans can be used for various needs, such as medical expenses, weddings, or education costs.
5. Credit Card Cash Advance
Most credit cards now offer cash advance facilities that can be used as quick funds. The available limit is typically around 20–60% of the total credit card limit, making it suitable for urgent financial needs.
However, you should carefully consider the interest rates and additional fees to avoid payment difficulties in the future.
6. Working Capital Loans (KMK)
Working Capital Loans (KMK) are loan programs provided by banks or other financial institutions to support operational business needs. The credit limit usually ranges from IDR 500 million to IDR 25 billion, depending on the bank or financing institution and the borrower’s profile.
Benefits of Taking a High Loan Limit
In addition to receiving substantial funds, a high loan limit also offers several advantages, including:
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Flexible usage: High loan limits allow you to allocate funds for various needs, whether personal or business-related.
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More competitive interest rates: Borrowers with higher limits often receive lower interest rates due to lower perceived default risk.
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Longer tenors: Large loan ceilings usually come with longer repayment periods, allowing you to choose a tenor that suits your financial condition.
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Improved credit score: Well-managed loans repaid on time can positively impact your credit score, making future loan applications easier.
Things to Consider Before Applying for a High Loan Limit
Before applying for a high-limit loan, consider the following to avoid financial strain:
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Avoid over-budgeting: Even if a high limit is available, borrow only according to your actual needs.
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Assess installment obligations: A larger loan means higher monthly installments. Make sure your finances can handle them.
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Understand default risks: For secured loans, timely repayment is essential. Failure to pay may result in the loss of the pledged asset.
That’s a complete explanation of how to get a high loan limit, including financing options, benefits, and important considerations. With a high loan ceiling, you can secure larger funds for various purposes, especially business capital.
To meet these needs, you can take advantage of financing from BFI Finance, secured by car BPKB or property certificates (house/shop/office). These guarantees allow you to obtain higher loan limits, competitive interest rates, and flexible tenors. For smaller loan amounts, motorcycle BPKB financing can also be an option.
As a licensed and OJK-supervised financing institution with over 40 years of experience, BFI Finance ensures a secure, transparent, and relatively fast financing process.
So, what are you waiting for? Apply for financing now and turn your big plans into reality—because there’s #AlwaysAWay with BFI Finance.
