Indonesian small and medium enterprises (SMEs) are set to benefit significantly from the updated Kredit Usaha Rakyat (KUR) loan application procedures and requirements established for 2025. These changes aim to make financing more accessible to business owners as the government increases its commitment to supporting local enterprises.
KUR loans have long been recognized as one of the most effective ways for Indonesian citizens to secure the necessary funding for their businesses. With the new 2025 guidelines, the maximum loan amounts have seen substantial increases. For example, the KUR limits for micro businesses will rise from the previous cap of Rp 50 million to up to Rp 100 million, allowing for greater flexibility and financial support.
According to Bimo Kresnomurti of KONTAN, "Kredit Usaha Rakyat (KUR) 2025 tentu memudahkan masyarakat memutarkan bisnisnya," highlighting the significant benefits the new KUR structure offers aspiring entrepreneurs. With these adjustments aimed at enhancing business cash flow, more individuals may find themselves empowered to start or expand their businesses.
For those interested, KUR is accessible through various banks, including BNI and Bank BPD Bali. Each institution has crafted its own application processes and requirements, which potential borrowers should carefully follow.
At BNI, for example, there are different types of KUR loans: KUR Super Mikro offers loans of up to Rp 10 million; KUR Mikro accommodates loan amounts ranging from Rp 10 million to Rp 100 million; and there are options for larger tenders under the BNI Wirausaha label, which provides up to Rp 1 billion for business and investment needs.
Eligibility for KUR BNI includes being at least 21 years old, having operated for at least six months, and meeting specific documentation criteria. Kresnomurti points out the importance of ensuring applicants do not have existing loans from other banks: "Pastikan bahwa calon nasabah tidak sedang memiliki atau mendapatkan kredit dari bank lain," he advises, emphasizing the need for responsible borrowing practices.
Application processes can be conducted either online through the eform.bni.co.id website or offline at BNI branches. The online application is straightforward—interested applicants must review the terms and conditions, fill out their personal and business information, and await confirmation from the bank. The entire approval process typically takes between three to seven working days.
On the other hand, Bank BPD Bali has announced similar offerings aimed at bolstering local businesses. With its KUR lending program, Bank BPD Bali seeks to provide loans to productive groups or individuals running micro, small, and medium enterprises. The bank is also part of the government's broader initiative, with the Ministry of Economic Affairs targeting KUR distribution of Rp 300 trillion for 2025—a rise from previous years.
Ryan Suherlan from KONTAN highlights this increase: "Kementerian Koordinator Bidang Perekonomian juga menargetkan penyaluran KUR pada tahun ini mencapai Rp 300 triliun," reflecting the government’s ambitions to uplift local enterprises.
To apply for KUR from Bank BPD Bali, individuals must fulfill administrative requirements, including submitting photocopies of identity and family cards, proof of business, and relevant financial statements. The maximum loan amounts at Bank BPD Bali can vary—from KUR Super Mikro of up to Rp 10 million to KUR Kecil options ranging from Rp 100 million to Rp 500 million.
With the increased limits and supportive government policies surrounding KUR, Indonesian entrepreneurs are positioned to leverage these financial products for growth and sustainability. The empowerment of local businesses will not only benefit individual owners but also contribute to the overall growth of the economy, enabling job creation and improved livelihoods for many.
Prospective borrowers are encouraged to stay informed about their options and the necessary steps to secure financing, ensuring they take advantage of these enhanced opportunities. It is worth noting, though, financial products and requirements may evolve, making it prudent for applicants to directly contact the respective banks for the most current information.
To sum up, the adjustments to KUR application procedures and conditions for 2025 signify a pivotal opportunity for Indonesian entrepreneurs to thrive and make impactful contributions to their communities.