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 tracking.
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.
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.