Multi-Purpose Loan for Teacher Certification Teacher Professional Allowance

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About Multi-Purpose Loan for Teacher Certification Teacher Professional Allowance

Learn About the Product

A loan facility with no restrictions on how the funds are used—tailored to the needs of teachers, lecturers, and other educational staff who have received certification or the Teacher Professional Allowance

Lender

Key Features

Eligible recipients are teachers, lecturers, and educational staff whose professional allowances are disbursed through Bank Sumsel Babel, who meet the requirement of 24 teaching hours per week, and whose Basic and Secondary Education qualifications (Kemendikdasmen) have been validated by the Directorate General of Teachers, Educational Personnel, and Teacher Education through the GTK information system
The maximum loan amount is 70% of the monthly certification allowance received
The loan term is 10 (ten) years or up to retirement/the end of the contract period for Government Employees with Work Agreements (PPPK)

Benefits

Risks

Additional fees or penalties for late payments. A penalty fee will be charged for early repayment, in accordance with the terms of the loan agreement.
The risk is considered very low, unless an event beyond the Bank’s control occurs (e.g., the borrower is laid off, resulting in reduced or lost repayment capacity; or a change in payroll income occurs, requiring the Bank to adjust payments in accordance with applicable terms).
If a payroll payment is received prior to the installment due date, the Bank will withhold funds equal to the current month’s installment to be paid on the installment due date

Requirements and Procedures

Prospective borrowers are required to be savings account holders.
The borrower is required to save funds to accumulate loan installments and maintain a monthly savings balance until the loan is fully repaid, with a minimum of 3 (three) times the installment reserve and 1 (one) times the frozen savings installment.
Copies of valid ID cards (husband and wife).
Copies of the Family Card (KK), Marriage Certificate, or Divorce Certificate.
A printout of the updated and validated Certification/TPG Validation Status information from the Basic Education Data System (Dapodik) or the Teacher and Education Personnel Information System (info GTK)
Original Educator Certificate
Teacher Appointment Letter
Copies of periodic appointment letters and the most recent appointment letter
Printout of the certification/TPG recipient’s savings account statement for at least the last 3 (three) month
Other data/requirements as needed for the loan process.

Interest Rates and Fees

For information regarding interest rates and fees, please contact your nearest Bank Sumsel Babel branch directly.

Additional Information

For more information about Bank Sumsel Babel’s loan products, please visit your nearest Bank Sumsel Babel branch or call the Customer Care Hotline at 1500711.