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.