Indonesia Auto Loans Grow as Rupiah Weakens, Banks Remain Optimistic

PT BRI Multifinance Indonesia (BRI Finance) says the depreciation of the rupiah creates price pressure on vehicles but it still sees resilient demand for auto financing. The firm reported a non‑performing financing ratio of 2.40% and that new‑car loans account for 34.75% of its portfolio while used‑car loans make up 8.82%. Corporate Secretary Aditia Fakhri Ramadhani noted, “Perubahan nilai tukar rupiah dapat memberikan tekanan terhadap harga kendaraan …” and said the company is adapting its risk management and dealer collaborations to sustain growth.

PT Mandiri Utama Finance (MUF) also highlights the importance of the used‑car segment, which contributes about 15% of its total loan disbursements. Director Dapot Parasian S. Sinaga explained, “MUF melihat dinamika kondisi ekonomi … produk pembiayaan mobil bekas masih menjadi pilihan …” and affirmed optimism that used‑car financing will remain a relevant alternative for consumers despite economic headwinds such as exchange‑rate swings and interest‑rate changes.