JAKARTA. PT Buana Finance Tbk (BBLD), a consumer financing company, has managed to acquire a loan facility from PT Bank DKI with limit set to IDR 80 billion.

Said facility will be given in a form of time instalment loan. The tenor of this facility is set to 36 months.

“The loan facility will be allocated to working capital of the company, namely consumer financing distribution, and is guaranteed with receivables of the company,” said Ahmad Khaetami, Corporate Secretary of BBLD, in the official disclosure.

Previously, earlier this December, BBLD already obtained two similar loan facilities from PT Bank Victoria International Tbk (BVIC) and PT Bank Jtrust Indonesia Tbk (BCIC).

The facility granted by BVIC is IDR 150 billion, while the credit facility from BCIC is reported amounting to IDR 200 billion. (KR/ZH)