Increasing Digitisation, Positive Outlook for E-Vehicles, Revision of Down payments, Expanding Population and Lower Interest Rates will drive Indonesia Auto Finance Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Increasing Digitization: Multi-finance companies today offer convenient facilities in terms of online presence. Automotive Financing Companies are increasingly moving towards higher technological advancements to improve operational profits as well as customer experience, which includes digital installment payment system, zero or very less face-to-face dealing, and simpler procedure, e.g. – Kredit Pintar. Car dealerships are expected to increasingly bring the experience of car shopping online by range of ways such as providing digital showrooms as well as e-finance. In the past, 5 – 10 years, Indonesia is witnessing a new wave of digital enhancements with several new fin-tech platforms for aggregation, peer – to – peer lending and more coming in the market. Some of the most well-known of these start- ups are- broom, cermati etc. Revision of down payment rates: Financial authority of Indonesia (OJK) has allowed lower down payment rates for multi finance companies and banks whose NPF is less than 1%. This is expected to increase the demand for Auto loans tremendously in future. Low Interest Rates: Credit lending companies have lowered the interest rates to increase the loan taking capacity of customers; further supported by the Government’s efforts to increase financial support SMEs as SMEs contribute to major share of the total GDP of Indonesia. And also, the policies to take credit have been relaxed significantly to ease the process; strict regulations and verification of long-list of documents have been reduced. Expanding urban population: Growing urban population and the increasing buying capacity as well as the awareness of the consumers has made automobile as well as auto finance industry to grow hand-in-hand. Growth of E-vehicles: That Indonesian EV sector is still in its infancy but these also show that market interest has grown significantly. Electrum, a joint venture company between Indonesia decacorn Gojek and energy firm TBS Energi Utama (TBS), synergize to accelerate the development of the most complete and integrated electric vehicle ecosystem in Indonesia. Numerous policies have been issued by the government, to further boost the EV sector, such as Positive Investment List (PIL) as per which the companies that participate in development of EV sector are eligible to benefits like ease of attaining business licenses and leveraging various tax incentives. Analysts at Ken Research in their latest publication “Indonesia Auto Finance Industry Outlook to 2026 – Driven by growing digital penetration, evolving vehicle ownership characteristics and rebates by the Government amidst systematically regulated vehicle ownership and financing policies by the regulatory authorities” by Ken Research observed that Indonesia Auto Finance Market is in the Growing Phase with Banking Institutions and NBFCs leading the Market and Online Aggregators Platforms entering the Market. Increasing Digitisation, Positive Outlook for E-Vehicles, Revision of Down payments, Expanding Population and Lower Interest Rates, are expected to contribute to the market growth over the forecast period. The Indonesia Auto Finance Market is expected to see high growth rate over the forecasted period 2021-2026F. Key Segments Covered:- Indonesia Auto Finance Market By Category of Lenders (by Credit Dispersed), 2021 & 2026F: Captive Financing Companies Banks NBFCs By Type Of Vehicles (by Credit Dispersed), 2021 & 2026F: Two Wheelers Three Wheelers Four Wheelers By Type of Ownership (by Credit Dispersed), 2021 & 2026F: Used Cars New Cars Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTE5 By Category of Vehicles (by Credit Dispersed), 2021 & 2026F: Passenger Vehicles Commercial Vehicles By Duration of Loan (by Credit Dispersed), 2021 & 2026F: 1 Year 2 Year 3 Year 3+ Years By Geographical Location (by Credit Dispersed), 2021 & 2026F: Rural & Semi Urban Urban Metropolitan Key Target Audience:- Banks and its Subsidiaries NBFCs Captive Finance Companies Government and Institutions Automobile Companies Car Dealers Government and Institutions Existing Auto Finance Companies OEM Dealerships New Market Entrants Investors Auto mobile Associations Request for custom report @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MTE5 Time Period Captured in the Report:- Historical Period: 2016-2020 Base Year: 2021 Forecast Period: 2022– 2026F Companies Covered:- Bank CIMB Niaga Bank Rakyat Indonesia Danamon Bank (Adira Dinamika Finance) Mandiri Bank (Mandiri Tunas Finance) Megabank (WOM) Bank Negara Indonesia BCA Bank Bank Jasa Jakarta Cekaja ACC Finance Oto Multiartha Radana Bhaskara Adira Finance Indomobil Multi Jasa Mitsui Auto Finance Mandiri Tunas Finance Rabana Investindo Maybank Finance Mobil88 OLX Indonesia Mobil123 Carmudi Oto.com Diamond Smart Auto Carro Key Topics Covered in the Report: Demographic overview and major industries of Indonesia Economic Overview of Indonesia Trade Scenario of Indonesia Indonesia Automotive Market – Vehicle sales Indonesia Automotive Market – Major OEM brands basis passenger cars sales Indonesia Auto Finance Ecosystem Indonesia Auto Finance Market Value Chain Analysis Major Types of auto loans available in the Indonesia Auto Finance Market Growth Drivers of Indonesia Auto Finance Industry Decision making Parameters for selecting Auto loan Vendor SWOT Analysis of the industry Trends and Developments in the Industry Issues and challenges in the industry Government initiatives in the industry COVID-19 Impact on the Indonesia Auto Finance Industry Customer Journey Indonesia Auto Finance Market Sizing Indonesia Auto Finance Market Segmentation Indonesia Automotive Finance Aggregator Indonesia Auto Finance Market – Future Sizing Indonesia Auto Finance Market – Future Segmentation Digital Disruptions in the Indonesia Auto Finance Industry Analyst Recommendations For more insights on the market intelligence, refer to below link:- Indonesia Auto Finance Industry Related Reports by Ken Research:- Vietnam Auto Finance Market Outlook to 2026F– Driven by Digital Penetration and Dominance of Banks along with a Shift in Consumer Preference form 2W to 4W Qatar Auto Finance Market Outlook to 2026F– Driven by Increasing Vehicle Prices and Low-Interest Rate In The Country KSA Auto Finance Market Outlook to 2026F– Driven by Women Entering the Market, Growing Private Entities and Initiatives by the Government Post Views: 10 Tags: Adira Finance Motor Vehicle Loan Market, Auto finance Interest Rate in Indonesia, Auto Loan Market Indonesia, Auto-Financing Market in Indonesia, Automobile Finance Sector in Indonesia, Fin-tech companies in Indonesia, Financial Institutions in Indonesia, Indonesia Auto Finance Lenders, Indonesia Auto Investment Market, Indonesia Auto Loans Market, Indonesia Auto Market, Indonesia Auto Refinance Market Size, Indonesia Automobile banking Market, Indonesia Automobile loan market, Indonesia Automotive Loan Industry, Indonesia Automotive Market, Indonesia Carro auto finance Market Share, Indonesia Cekaja Car loan Market Revenue, Indonesia Fin-Tech Loan Market, Indonesia fin-tech sector, Indonesia fintech Market Startups, Indonesia Mobil123 Car Finance Market, Indonesia motor vehicle Loan Market, Indonesia Online Auto Finance Market, Indonesia passenger car Loan Market, Leading Banks in Indonesia, Megabank Vehicle Loan Market Analysis, New Auto Finance Market Indonesia, Online Auto- Finance Market in Indonesia, Startups in Indonesia Auto Finance Market, Used Auto Finance Market Indonesia, Vehicle Finance Companies in Indonesia, Vehicle Financing Market in Indonesia, Venture Capital Firms in Indonesia