ValueMax Indonesia – Not everyone has a well-organized financial plan. Many people still earn less than they spend, even though they try to live frugally.
In emergencies when a large amount of funds is needed, a common method is pawning valuable items. This is especially common during the current pandemic, where many have faced layoffs or temporary work suspension.
Side businesses have now become a primary source of income. To meet their needs, these businesses often require additional capital. Motor vehicles are one of the assets commonly used as collateral to obtain loans as additional business capital.
During the pandemic, the number of motorcycle BPKBs used as collateral is much higher than that of car BPKBs. The ratio is roughly 70% motorcycles and 30% cars.
So, how much funds can customers receive?
The funds received depend on the market value of the vehicle or the size of the customer’s business.
Typically, the amount provided is around 70% of the motor vehicle’s market price.
The loan period can vary up to 120 days and can be extended after re-evaluating the condition of the customer’s vehicle.
