2022 State Budget: Fiscal Policy and Structural Reform
Adjustment of Minimum Down Payments on Green Automotive
Loans/Financing (Effective 1st October 2020)
Bank Indonesia adjusts macroprudential policy in automotive sectors by: (Lowering the minimum limit of down payment on green automotive
loans/financing from 5-10% to 0%, in compliance with prudential principles.
Main Regulatory Points
1.
Adjustment of Minimum Down Payments on Green Automotive Loans/Financing. The green vehicles criteria refers to the Presidential
Regulation No. 55 of 2019 concerning Battery Electric Vehicles.
Type of Green Motor Vehicle
Current regulation
New Regulation *)
(PBI No. 21/13/PBI/2019) *)
Two-wheel
10%
0%
Three-wheel or more (non-
10%
0%
commercial)
Three-wheel or more
5%
0%
(commercial)
1.
Applicable to banks with a non-performing loans (NPL) ratio below 5%
2.
Effective 1st October 2020
Requirements:
1.
Gross NPL ratio on total credit <5%; and
2.
Net NPL ratio on automotive loan <5%
Source: Bank Indonesia
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