Loan is a loan or credit, the general sense Loans are funds / money provided by banks to customers with interest within a certain amount, which must be repaid in installments over a period that has been determined in accordance with the customer's ability.
In English known Syndicated Loan or Loan Syndication is a loan or credit granted jointly by more than one bank to a particular debtor. Loans granted syndicated loans can be either investment or working capital loans.
* Syndication is a partnership / joint (employers - members): co-signed a loan agreement - which accounts witnessed by bank officials.
Syndicated loans granted jointly with reason:
1. Credit huge amount, so that can not only be financed by the bank alone.
2. Avoid LLL (Lending Limit).
3. Reduce Risk for Banks.
4. Management and supervision can be carried out simultaneously, no sharing of experience in dealing with large debtors.
5. Documentation of credit using authentic deeds (notarial deed).
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Credit terms or sense actually has multifarious significance. This accounting sense of the term may not be 100% = understood by the layman.
According to Law No. 10 of 1998 section 21 subsection 11 of the bank states that the Credit is to provide cash or equivalent, based on agreements between bank lending with another party that requires the borrower to repay the debt after a certain period of time with interest.
In addition, according to the book the term Credit Banks and other Financial is lending cash (cash loan) and non-cash loans (non-cash loan).
Cash loan is a credit facility granted by the bank to its customers who do not require special conditions in its withdrawal.
While the non-cash loan is a credit facility from the bank to customers who require special drawing requirements.
From the definition and the description above, the credit can be interpreted as follows :
- The existence of a joint agreement between the bank and other parties in the settlement of debts and interest on certain period.
- The existence of a transfer of money or goods that cause the bill to another party by providing loans and bank hopes to gain in the form of interest on the loan principal.
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