Bank Indonesia cuts down payment for eco-friendly vehicle loans to 0%
Bank Indonesia (BI) will cut the minimum down payment for automotive loan/financing specifically for the purchase of eco-friendly vehicles to zero (0) percent. This policy takes effect from October 1, 2020. Currently, the minimum down payment limit is between 5 percent and 10 percent. “Lowering the minimum down payment limit from 5 percent -10 percent to 0 percent in the …