Bank Indonesia Policy Mix
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
Two-wheel
Three-wheel or more (non-
commercial)
Three-wheel or more
(commercial)
New Regulation *)
(PBI No. 21/13/PBI/2019) *)
10%
0%
10%
0%
5%
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
0%
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