OJK Allows Zero Percent Down Payment on Vehicle
Translator
Dewi Elvia Muthiariny
Jumat, 11 Januari 2019 12:59 WIB
TEMPO.CO Jakarta OJK ) has officially lowered the down payment on vehicles up to zero percent (zero percent down payment) regulated in the new decree.
The newly-issued OJK Regulation or POJK No. 35/POJK.05/2018 concerning Business of Finance Company also stipulated that multi-finance firm could run the cash finance.
The head of Non-Bank Financial Industry Supervisor (IKNB) 2B OJK, Bambang W. Budiman, said that OJK allowed multi-finance corporate to implement zero percent down-payment based on the principle of striking the balance.
“So, we do not prohibit 0 percent DP as long as it offers low-risk credit,” said Bambang Thursday, January 10.
Therefore, based on the OJK regulation, the company must have healthy financial statements and the level of non-performing finance (NPF) is equal to or below 1 percent to apply the zero percent down payment program.
BISNIS
BRI Claims to Bag Permit for Alipay Collaboration
6 hari lalu
BRI Claims to Bag Permit for Alipay Collaboration
Bank Indonesia admitted to having yet to receive the application for a formal permit from Alipay.
Read More
BI Comments on Alipay Operating Plan in Indonesia
11 hari lalu
BI Comments on Alipay Operating Plan in Indonesia
Bank Indonesia (BI) responds to issues of fintech giant Ant Group's plan to operate its Alipay payment in Indonesia.
Read More
Online Gambling Books Rp327tn Revenue in A Year; Jokowi Holds Emergency Meeting
17 hari lalu
Online Gambling Books Rp327tn Revenue in A Year; Jokowi Holds Emergency Meeting
Online gambling has become increasingly rampant in Indonesia, with the PPATK noting a turnover of gambling money in cyberspace at Rp327tn in 2023.
Read More
OJK Blocks 5,000 Bank Accounts Related to Online Gambling as Jokowi Readies Task Force
17 hari lalu
OJK Blocks 5,000 Bank Accounts Related to Online Gambling as Jokowi Readies Task Force
OJK has blocked 5,000 bank accounts suspected of being involved in online gambling.
Read More
Jokowi to Establish Task Force to Eradicate Online Gambling
18 hari lalu
Jokowi to Establish Task Force to Eradicate Online Gambling
President Joko Widodo or Jokowi chaired a closed-door meeting on the emergency of online gambling at the Jakarta Presidential Palace today, April 18.
Read More
OJK Spills Impact of Middle East Escalation on Indonesia's Financial System Stability
18 hari lalu
OJK Spills Impact of Middle East Escalation on Indonesia's Financial System Stability
OJK will continue to monitor the latest developments in the Middle East and their impact on financial system stability in Indonesia.
Read More
Spreading the Virus of Debt to the Provinces
20 hari lalu
Spreading the Virus of Debt to the Provinces
There is a major risk to the issuing of regional bonds at the provincial level. Threats come from low fiscal capacity and poor management.
Read More
OJK Announces End of COVID-19 Banking Credit Relaxation
35 hari lalu
OJK Announces End of COVID-19 Banking Credit Relaxation
The Financial Services Authority (OJK) announced that the Covid-19 banking credit relaxation stimulus has ended on March 31, 2024.
Read More
OJK Issues Rule on Islamic Banking; Mandates Sharia Governance Now Mandatory to Industry Actors
6 Maret 2024
OJK Issues Rule on Islamic Banking; Mandates Sharia Governance Now Mandatory to Industry Actors
The Financial Services Authority (OJK) has issued Regulation (POJK) No. 2 of 2024 on the Implementation of Sharia Governance.
Read More
LPS: Rural Banks' Bankruptcy Caused by Internal Frauds, Not Bad Economy
20 Februari 2024
LPS: Rural Banks' Bankruptcy Caused by Internal Frauds, Not Bad Economy
In less than two months into 2024, the Financial Services Authority or OJK had revoked the business permits of four rural banks (BPR)
Read More
Recomended
17 Juni 2022
17 Juni 2022
17 Juni 2022
17 Juni 2022
17 Juni 2022
16 Juni 2022
16 Juni 2022
16 Juni 2022
16 Juni 2022
16 Juni 2022
