Jakarta, CNBC Indonesia – The process of requesting loan installments for two and four-wheeled motor vehicles from financing or leasing institutions is currently more stringent, i.e. no easier, in fact, the process takes longer than before the pandemic period . The requirements for BI Checking or SLIK are now stricter than before.
Entrepreneurs in financial institutions also recognize the occurrence of this phenomenon. They reasoned that due to the higher interest rates of Bank Indonesia (BI), and minimize obtaining credit debtors who are prone to trouble in unfavorable economic conditions.
Association of Indonesian Financial Companies (APPI) president Suwandi Wiratno said that this step was not only made by leasing, but also by other financial companies.
“We know BI’s interest rates have gone up, everything has gone up. If interest rates go up, any finance company will recalculate from the debtor. It will also increase the debtor’s capacity if they pay higher installments,” he said CNBC Indonesia, Tuesday (11/22/22).
The tightening of installment requirements is important not only for financial institutions, but also for the public. Don’t let people object to the existing installment value and get into trouble.
“Interest rates are about taking care of each other and saying to the debtor, uh, do you really want to pay back in the midst of rising interest. If you can afford it, income is fine, we’ll calculate it from all aspects, it’s natural,” Kelvin said.
Furthermore, rising inflation has also increased the price of basic necessities. As a result, many people hold back on unnecessary spending.
“Not only that, with interest rates going up and everything, that means in the context of price increases, we have to price his needs in family financing, there’s going to be an increase, so the squeeze is normal, so that potential debtors don’t make miscalculations later, Kelvin said.
(Bye bye)
:strip_exif()/i/2005472870.jpeg?f=meta "QD-oled versus neo qled: what should you pay attention to when buying a TV? – Picture and sound – .Plans")