Monday, 16 September 2019 | 12:01 WIB

MNC Bank Launches SmartLoan for SME Business Development

MNC Bank Launches SmartLoan for SME Business Development (special)

JAKARTA, NETRALNEWS.COM - PT Bank MNC Internasional Tbk has again presented another banking innovation for the small and medium enterprises (SME) sector. This time, MNC Bank introduced MNC SmartLoan, a special credit program with productive or multipurpose objectives.

"One of the businesses that we are going to boost to be able to boost the growth of lending performance is SME lending. Why? because the Small and Medium Enterprises (SME) sector has an important role in driving the growth of the Indonesian economy, "said President Director of MNC Bank Mahdan.

He explained that with the development of the SME sector, unemployment due to the workforce that was not absorbed was reduced. In addition, the Government currently also encourages the banking industry to support the growth of SMEs by channeling loans to the SME industry.

Mahdan continued, thanks to the consistency of MNC Bank in consolidating and focusing on the restoration of performance throughout 2018, the company was able to achieve positive results by posting a significant increase in profits.

At the end of 2018, MNC Bank earned IDR 57.02 billion in profit, this positive momentum continued in the first quarter of 2019 with profit of IDR 3.08 billion.

"One of our efforts to improve performance, is to present an innovative loan program and can answer the issues and obstacles faced by SME sector actors," he added.

He added, MNC SmartLoan is presented as a product that is flexible, easy requirements, fast process, and ceiling that fits the needs on target.

Some of the advantages of MNC SmartLoan products include providing working capital requirements for prospective borrowers with a maximum financing of 60% from the Bank's assessment, the current account loans provided will make it easier for debtors to manage their cash flow needs.

In addition, interest obligations are paid every month based on the use of the loan facility, the loan principal can be paid at maturity of the loan or can be extended again