Indonesia sets minimum downpayments for auto loans | G7Finance ...

JAKARTA, March 16 |
Fri Mar 16, 2012 6:15am EDT

JAKARTA, March 16 (Reuters) ? Indonesia?s capital
market regulator Bapepam-LK will set minimum downpayments for
auto loans from multifinance firms, at 25 percent of the value
for cars and 20 percent for motorbikes, the finance ministry
said on Friday.

The minimum downpayments, effective from June 15, are
slightly lower than for commercial banks under rules announced
earlier on Friday by the central bank.

Both moves are aimed at preventing potential price bubbles
and excessive lending growth.

(Reporting by Aditya Suharmoko and Rieka Rahadiana; Editing by
Neil Chatterjee)

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Source: http://g7finance.com/g7finance-news/indonesia-sets-minimum-downpayments-for-auto-loans/

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