Borrow against your IDX-listed shares.
An Indonesia stock loan turns a concentrated holding into liquidity — without selling, without surrendering ownership, and without leaving the register.
What an Indonesia stock loan actually is.
A stock loan is a financing secured by a pledge of your IDX-listed shares. You draw cash against the value of the holding while the shares remain yours — and you recover them in full when the loan is repaid.
The mechanics are simple to state. You pledge listed shares as collateral, capital is advanced against an agreed loan-to-value, and the position is held under documented custody for the term. Throughout, you keep beneficial ownership of the shares, the full economic upside of the position, and — depending on how the structure is built — your dividend entitlement and your vote.
When the loan matures and is repaid, the pledge is released and the shares return to you, unchanged. The transaction leaves no permanent mark on your holding.
A sale ends your relationship with the company. A stock loan simply borrows against it for a while.
Sale vs. pledgeThe contrast with an outright disposal is the whole point. Selling realises cash but permanently removes you from the position — forfeiting the upside, potentially triggering tax, disclosure, and control consequences, and signalling to the market. A stock loan extracts only the capital you need and preserves everything else.
Built for shareholders with a meaningful stake to protect.
If your wealth is concentrated in a single Indonesian-listed counter — and you would rather not unwind it — a stock loan is designed for you.
- 01Founders & controlling shareholders of IDX-listed companies who need liquidity without diluting control or signalling a sale.
- 02Major individual shareholders holding a large, long-term position they intend to keep.
- 03Family holding companies consolidating listed equity across generations and entities.
- 04Listed corporates with treasury or strategic cross-holdings to mobilise without divestment.
- 05Pre-IPO & lock-up holders seeking interim liquidity before they are contractually free to sell.
- 06Long-term shareholders who want capital today but the position tomorrow.
The terms that shape an Indonesian stock loan.
No two listed positions are alike, so terms are structured around the specific ticker rather than quoted from a rate card. The framework below is indicative.
Indicative LTV
Varies with the liquidity, volatility, free float, and concentration of the underlying share. A figure is issued only after review of the specific holding.
12–36 months
Typical terms run from one to three years, with renewal and early-repayment mechanics agreed in the documentation.
Fixed or floating
Interest may be fixed or floating, and either serviced periodically or rolled into the structure for the life of the loan.
Recourse profile
Non-recourse, limited-recourse, or full-recourse, depending on the structure and the collateral. See recourse profiles in Indonesia.
IDX Main & Dev Board
Shares listed on the Main Board and selected Development Board counters, including holdings in sectors subject to foreign-ownership limits.
From IDR 15B
Transactions are typically structured for positions valued from IDR 15 billion upward, with no defined upper bound.
How the pledge works in Indonesia.
An IDX position is not generic collateral. Scripless settlement, KSEI custody, and corporate-action handling all sit at the centre of how a stock loan is built.
- 01Held at the depository. Your shares stay in your own securities sub-account and are held in scripless, book-entry form in the C-BEST system at the Indonesian Central Securities Depository (KSEI), the central depository for IDX-listed securities; the lender's security comes from its rights over that account.
- 02Custody fits the structure. Custody arrangements are matched to the agreed structure and recourse profile, with the collateral held in a manner appropriate to both.
- 03Margin & top-up, documented up front. Any margin maintenance and top-up mechanics are defined at the outset, so the rules of the term are clear before funding.
- 04Corporate actions & dividends. Treatment of dividends, rights, and other corporate actions is set out in the documentation and aligned to how the position is structured.
Reporting, mapped before execution.
Disclosure is mapped at the structuring stage — never discovered after the fact.
Disclosure obligations turn on the shareholder's status and the size of the position. Under the Capital Market Law (UU No. 8 of 1995, as amended) and OJK regulations, holders of 5% or more of a listed company — and subsequent changes in that holding — are reportable to the Financial Services Authority (OJK) under the substantial-shareholding rules (POJK No. 3/POJK.04/2021).
Whether and how a particular pledge structure interacts with these thresholds is assessed per transaction, well ahead of any funding, so there are no reporting surprises. For a fuller treatment, see our note on Indonesian disclosure mechanics.
This is a general description of the reporting framework, not legal advice. Specific obligations are confirmed with Indonesian counsel as part of each transaction.
Stock loans in Indonesia, answered.
01What is an Indonesia stock loan?
02Who is a stock loan for?
03What LTV, tenor, and interest apply?
04Which Indonesian shares are eligible as collateral?
05How is the pledge held and what about dividends?
06Does pledging my shares trigger disclosure to OJK?
Find out what your IDX position can raise.
Share the high-level details and a senior principal will return indicative terms — confidentially, usually within 2–3 business days.