Bank Neo Commerce review

The range spans personal and business borrowing, listed as personal and business, and the micro business product is aimed at individuals covering everyday or emergency outgoings. The bank lends in its own name as a direct lender (direct lender) rather than brokering, and you need to be a customer already.

The published borrowing room is a single figure of IDR 100,000,000, in Indonesian rupiah, rather than a band. A borrower needing less should expect to be assessed on the amount applied for. On loan amount the brand ranks 155 out of 685 on this site.

The arrangement fee is Rp 0 (no admin fee) and the fee percentage is 0%, so setting the facility up costs nothing on the published terms. Interest is fixed rather than variable, marked as a fixed rate, which keeps each instalment predictable across the term.

Repayments run over a term of 12, and that figure is fixed for the facility rather than offered as a range. It sits low on this site, where the brand ranks 162 out of 232 on term, so expect a short repayment window.

Same-day funding is one of its listed features, shown as same day funding. Once an application is approved the money is disbursed directly to the customer's own account, which keeps the transfer inside your existing banking relationship instead of going out as a separate payout.

It is based in Indonesia and trades as PT Bank Neo Commerce Tbk. The licences on record name two Indonesian regulators, Otoritas Jasa Keuangan (OJK) and Bank Indonesia (BI), and those are the names to check the register against before you apply.

You need an account with the bank before the micro business loan is open to you, and that product is aimed at individuals meeting everyday or emergency costs. The existing customer requirement is the main gate, so anyone without a relationship there should look at other lenders first.

Support runs on phone, email and chat, so a phone line, email, live chat and a help centre are all in place. Because the bank is a direct lender (direct lender) rather than a broker, the same organisation handles the application, the disbursement and any later question.