Car Collateral
The Solution to Your Financial Needs
A. Key Features
Kreditplus (PT KB Finansia Multi Finance) offers secured loan facilities using a car BPKB (Vehicle Ownership Document) as collateral, providing a financial solution for your funding needs.
B. Benefits
- Obtain a multipurpose loan without requiring a credit card.
- Simply submit your car BPKB as collateral.
- The vehicle can still be used for daily transportation.
- Installment amounts can be adjusted according to your monthly income.
- Easy installment payments through multiple channels:
- Kreditplus branch cashier
- Payment points (Indomaret, Alfamart, bank transfer)
- Kreditplus Mobile app
C. Financing Terms
- Financing amount calculation: (Product Price - Down Payment + Insurance).
- Financing range: Minimum IDR 20 million, maximum IDR 75 billion for total active financing.
- Maximum tenure: 60 months.
- Interest rate: Starting from 0.70% per month, applicable for a 1-year financing tenure.
*Interest rates may change at any time based on company policy.
D. Requirements and Procedures
- Must be an Indonesian citizen (WNI) aged at least 21 years old, or 19 years old if married.
- Minimum monthly income: IDR 5 million.
- Employees: Must have been employed for at least 2 years.
- Entrepreneurs: Must have been in the same business sector for at least 2 years.
- Maximum distance between residence and Kreditplus branch:
- 60 km for Java Island regions.
- 100 km for regions outside Java Island.
- Required documents:
- Copy of ID card (KTP)
- Copy of Family Card (KK)
- Copy of Property Tax (PBB) from any of the last 3 years or proof of home ownership
- Salary slip or other proof of income
- Copy of bank statement for the last 3 months
- Copy of Business Permit (SIUP) or Business Certificate (SKU)
- Copy of Taxpayer Identification Number (NPWP)
E. Risks
- Late payment penalties will apply for overdue payments.
- Penalties for early loan repayment.
- Credit history will be negatively recorded in SLIK OJK if payments are overdue for up to 180 days.
- BPKB storage fees will apply starting from the 31st day after loan repayment if the BPKB is not collected by the specified date.
- Collateral may be seized if the borrower fails to meet contractual obligations.
F. Fees
Applicable fees include provision fees, administrative fees, asset insurance, life insurance, collection fees, vehicle tax management fees (optional), collateral binding fees, and installment payment administrative fees, in accordance with company policies.
G. Additional Information
Not all of our branch offices provide this financing service. For more details, please contact our Customer Service at Contact Center: (021) 1500605.
