Car Loan (KKB) Calculator — Indonesia
Estimate your monthly car-loan cicilan in Rupiah using current KKB rates from Indonesia's major multifinance providers. See total interest. No signup, no account needed.
Enter a car price, a down payment of 0–90%, a rate between 0% and 100%, and a term above zero to see results.
Current rates (≈ 2026 — flat 6–10% ≈ effective 9–14%; verify with provider)
| Lender / type | Typical rate | Notes |
|---|---|---|
| BCA Finance | 9–13% eff. | Large captive financier |
| Mandiri Tunas Finance | 9–14% eff. | Wide dealer network |
| Adira Finance | 9–14% eff. | New & used |
| BFI Finance | 10–14% eff. | Flexible terms |
| Oto/Summit | 9–13% eff. | Multi-brand |
Major lenders
- BCA Finance — large captive financier, competitive effective rates
- Mandiri Tunas Finance — wide dealer network and new-car promos
- Adira Finance — strong for both new and used cars
- BFI Finance — flexible tenures and used-car financing
- Oto Multiartha / Summit — multi-brand dealer financing
The real cost — a worked example
Example: Rp 300,000,000 car, financing Rp 250,000,000 at 11% effective for 5 years
- Monthly payment: Rp5,435,606
- Total paid over 5 years: Rp326,136,346
- Total interest: Rp76,136,346
Flat rate vs effective rate — read this first
- Indonesian dealers usually advertise a flat (bunga flat) rate of 6–10%. The true effective (reducing-balance) rate is roughly 1.6–1.9× higher — about 9–14%.
- This calculator uses the effective rate so the cicilan reflects real cost. Always ask for the effective rate before signing.
- Bank Indonesia allows 0% minimum down payment in 2026, but a bigger DP lowers your cicilan and total interest.
A real-data rate check: car financing (KKB) in Indonesia (2026)
Standard, non-promotional flat rates for new-car financing (KKB) in Indonesia still run roughly 6%-9% flat per year at major multifinance companies, rising to 8%-12% flat per year for used cars and up to around 10% flat on longer 5-year tenors, according to a 2025 rate breakdown by Skorlife. BCA Finance's published rate cards similarly range from about 3%-8.89% flat on new vehicles (lower end reflects short-tenor promos) up to 7.0%-12.125% flat on used vehicles. These flat rates typically translate into effective (APR-equivalent) reducing-balance rates of roughly 11%-16%, consistent with the ~1.8-2x flat-to-effective multiplier used elsewhere on this page.
Banks and finance companies also run short-lived promotional campaigns that post much lower headline numbers. In September 2026, BCA advertised a limited-time 1.80% flat per year KKB rate (plus an admin-fee discount) exclusively for its Jabodetabek Expo event running through September 13, 2026 (CNN Indonesia, Sept 11, 2026). In 2025, Bank Mandiri ran a similar anniversary promo advertising a 1.78% flat per year car loan rate (detikFinance, 2025). Mandiri Tunas Finance has likewise offered short-tenor EV promo rates as low as 2.95%-3.45% flat for 1-2 year terms. These headline rates are real but apply only to specific promo windows, tenors (often 1 year), or vehicle types (e.g., EVs) — they are not the rate most buyers will actually qualify for on a standard 4-5 year loan, so this page's baseline 6-10% flat / 9-14% effective range for typical financing remains the right planning assumption, with promos treated as a best-case floor rather than the norm.
A more realistic example: borrowing Rp300,000,000 for a new car over 4 years (48 months) at a standard flat rate of about 7% per year (roughly the middle of BCA Finance's published new-car range) implies an effective annual reducing-balance rate near 13.3%, or a monthly rate r ≈ 0.01108 (1.108%). Using the amortization formula M = P·r·(1+r)^n / ((1+r)^n − 1): (1.01108)^48 ≈ 1.6974, so M = 300,000,000 × 0.01108 × 1.6974 / 0.6974 ≈ Rp8,092,990 per month. Over 48 months that totals about Rp388.5 million, or roughly Rp88.5 million in total interest — noticeably more than a naive flat-rate estimate of Rp84 million (7% × 4 years × Rp300m), which is exactly why comparing the advertised flat rate to the effective/reducing-balance rate matters before signing.
Frequently Asked Questions
How is car loan cicilan calculated in Indonesia?
Reputable lenders use the reducing-balance (effective) method: P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1). Dealers often quote a flat rate instead, which looks lower but costs more — convert to the effective rate to compare.
What is the difference between flat and effective car loan rates?
A flat rate charges interest on the full original amount for the whole term; an effective rate charges on the reducing balance. A 6–10% flat rate equals roughly a 9–14% effective rate — always compare on the effective basis.
What is the current KKB rate in Indonesia?
Flat rates are roughly 6–10% in 2026 (effective ≈ 9–14%). Providers include BCA Finance, Mandiri Tunas Finance and Adira Finance. New cars get lower rates than used.
How much down payment (uang muka) do I need?
Bank Indonesia permits 0% minimum DP under 2026 macroprudential rules, but most buyers pay 20–30% to reduce the monthly cicilan and total interest.
Can I pay off my car loan early?
Yes, though multifinance contracts often carry an early-settlement penalty. Read the penalty clause before signing — sometimes it offsets the interest you'd save.
Is car financing regulated in Indonesia?
Multifinance (leasing) companies and bank auto loans in Indonesia are regulated by OJK (the Financial Services Authority), the same body that oversees banks and mutual funds.
Are the 1.78%-1.80% flat car loan rates advertised by BCA and Bank Mandiri the real rate I'll pay?
Usually not for most buyers. Those figures (BCA Expo, September 2026; Bank Mandiri anniversary promo, 2025) are limited-time promotional flat rates, often tied to a 1-year tenor, specific vehicle types, or a live event, and they carry other conditions like admin fees. Standard flat rates for a typical 4-5 year new-car loan are closer to 6%-9% flat per year, so use the promo rate only if you actually qualify for that exact offer.
Why is the effective rate almost double the advertised flat rate?
Flat-rate interest is calculated on the original loan amount for the full tenor, even though your outstanding balance shrinks every month as you pay it down. The effective (reducing-balance) rate reflects interest on the actual remaining balance, which is why a 7% flat rate behaves like roughly 13% effective — as shown in the worked Rp300 million example above using the standard amortization formula.
Related calculators
Sources
CNN Indonesia (Sept 11, 2026): BCA Expo Jabodetabek 2026 promotional KKB rate of 1.80% flat per year. detikFinance (2025): Bank Mandiri anniversary promo car loan rate of 1.78% flat per year. Skorlife (2025): standard KKB flat rate ranges of 6%-9% (new cars) and 8%-12% (used cars) per year. See our methodology and editorial policy for how we source and update this data.