Bank Guarantee

a non cash loan credit facility for customers

Sinarmas Bank provides guarantee bank services so that customers can maintain raw material sufficiency, purchase the equipments, pay loan in instalments, expand business activities. In this case, Sinarmas Bank wil compensate any losses suffered by a guaranteed party if someday he/she fail to fulfil any obligation in making transaction with the other party/guaranteed party.

Superiorities :

	Improving the trust required by business partners.
	Facilitating your business activities.
	Guaranteeing a payment capability to the third parties.

Requirements :

	Having another guarantee bank.
	Having a guarantee in the form of guarantee and fixed assets.
	Cash supply determined by credit committee.
	Commission fee complies with the standard issued by Sinarmas Bank for issue of guarantee bank.
	If not having another guarantee bank, a customer has to have a saving in the amount of the guarantee value.
	Administration fee for each issue of guarantee will be collected.