One alternative that is usually used by Indonesian people when they need fast funds is to use a loan. Often unexpected things happen to someone, so there is a need for a lot of funds.

The source of the loan can be from friends or acquaintances, banks, pawnshops or other financial institutions. The loan itself can be further divided into two types, namely: loans using collateral and loans without using collateral. Let’s discuss one by one about this loan so that you understand the meaning of each loan.

  • Loans without collateral are loans given to someone without the need for collateral where a borrower is not asked to make an asset or item he has as collateral.
  • Loans with collateral are loans given to someone where the borrower is required to provide collateral or collateral to the lender. Collateral is an asset of the borrower that can be a motorbike, car, vehicle letter or BPKB, and so on.

What is the BPKB Motor Collateral Loan?

What is the BPKB Motor Collateral Loan?

BPKB is an extension of the Motor Vehicle Ownership Book which is used as proof of ownership of motorized vehicles. This book was published / issued by the National Police Traffic Unit. BPKB can be used as collateral in collateral loans because this BPKB is so important for vehicle owners. There are several requirements if you want to apply for a BPKB Motor collateral loan, including:

  • Prospective borrowers aged 21 to 60 years or already married
  • Copy of ID card (KTP, SIM, Passport)
  • Photocopy of KK (Family Card)
  • Photocopy of Marriage Certificate or Divorce Letter (if you have a family)
  • Photocopy of UN (Land and Building Tax) for the last 2 years or electricity account in the last 6 months
  • Photocopy of original BPKB and STNK

In addition to the above conditions there are some additional requirements for entrepreneurs, professionals, and for employees.

Additional requirements for entrepreneurs:

Additional requirements for entrepreneurs:

  • Photocopy of business license for NPWP, SIUP (Trading Business License), TDP (Company Registration) and annual STP
  • Photocopy of current account for the last 3 months or photocopy of savings for the last 6 months

Additional requirements for professionals:

Additional requirements for professionals:

  • Photocopy of practice permit
  • Photocopy of current account statement for the last 3 months or photocopy of savings for the last 6 months

Additional requirements for employees:

  • Salary slip
  • Photocopy of current account statement for the last 3 months or photocopy of savings for the last 6 months

The requirements in applying for a BPKB motorbike collateral loan are not so complex that it is one of the choices that people use when they need fast funds. But also need to be aware, in choosing financial institutions where you borrow funds. You must be observant and sure that the financial institution is not fake, so your BKPB motorbike assets are guaranteed safe.