Have you ever heard of SJaminan BPKB? It’s a financing product created through a collaboration between PT BFI Finance Indonesia Tbk and Shopee. This service allows you to apply for a cash loan using your vehicle ownership document (BPKB)—whether for a motorcycle or a car—as collateral. BFI Finance itself is a licensed and regulated financing company under the supervision of Otoritas Jasa Keuangan (OJK).
So, what are the benefits of SJaminan BPKB, and how do you apply for it? Let’s explore everything you need to know below before submitting your loan application.
What Is SJaminan BPKB?
SJaminan BPKB is a cash financing product resulting from the partnership between BFI Finance and Shopee. It enables you to obtain a loan by pledging your vehicle’s BPKB as collateral.
Through SJaminan BPKB, you can apply for loans of up to IDR 2 billion, with flexible repayment tenors ranging from 6 to 48 months. The approved loan amount may vary depending on BFI Finance’s assessment and the vehicle criteria listed in the financing application.
The approval process is designed to be fast and simple, with the possibility of receiving up to 90% of your vehicle’s value as loan disbursement.
Benefits of SJaminan BPKB
SJaminan BPKB offers several advantages that make it a practical financing solution:
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High loan limits of up to IDR 2 billion with car or motorcycle BPKB as collateral
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Disbursement up to 90% of the vehicle’s value
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Flexible tenors of up to 48 months
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Fast and easy approval process
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Provided by PT BFI Finance Indonesia Tbk, a company licensed and supervised by Otoritas Jasa Keuangan (OJK)
Requirements for SJaminan BPKB
Before applying, make sure you meet the following requirements for both the applicant and the vehicle used as collateral:
1. Applicant Profile
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Indonesian citizen
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Residing within SJaminan BPKB service coverage areas
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Age requirements:
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Single: 21–65 years
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Married: 18–65 years
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Have a stable occupation, such as:
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Employee (minimum 1 year permanent or 2 years contract)
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Civil servant
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Entrepreneur (business running for at least 1 year)
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Not engaged in illegal activities
2. Vehicle Profile
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Personally owned vehicle with original BPKB
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BPKB can be under your name or another person’s name with proof of purchase
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Company-owned BPKB is allowed with a rights release letter (SPH)
Vehicle Age Requirements:
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Four-wheeled vehicles:
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SJMB (Sedan, Jeep, Minibus, Bus): less than 20 years (including loan tenor)
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Non-SJMB (e.g., trucks): less than 13 years
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Two-wheeled vehicles:
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Maximum 13 years (including loan tenor)
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Registration (STNK) & Tax Requirements:
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Under personal or spouse’s name:
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STNK must be active
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Expired tax allowed up to 2 years (deducted from disbursement)
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Under another person’s name:
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Tax must be active
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If expired, ownership transfer is required via BFI Finance
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Additional Conditions:
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Vehicle must use black license plates
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Yellow plates (for trucks) are still accepted
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Not accepted:
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Red plates
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Vehicles previously used as taxis or ambulances
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How to Apply for SJaminan BPKB
You can apply for SJaminan BPKB directly through the Shopee app. The process is simple and can be completed in a few steps:
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Open the Finance menu in the Shopee app, select SJaminan BPKB, and click Apply for Loan. Enter the OTP verification code.
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Upload your ID (KTP), complete your personal data, and add spouse details if married. Then proceed with facial verification.
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Enter the vehicle information to be used as collateral.
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Choose your desired loan amount and repayment tenor.
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Agree to the terms and submit your application.
In short, the process consists of three main stages: online application, verification and survey by BFI Finance, and loan disbursement to your selected account.
How Long Does Disbursement Take?
The SJaminan BPKB application process typically takes around 1–2 working days from submission to approval. Once all documents are complete and the contract is signed, the loan funds can be disbursed to your bank account within approximately 1 hour on working days.
If the process is completed outside working hours, disbursement will be carried out on the next business day.
Important Notes
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Each user can only have one active SJaminan BPKB loan
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You can still apply even if you have other Shopee credit products, as long as you use the same ID
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Loan limits can reach up to IDR 2 billion, but approval depends on policy and vehicle value
Additional points to consider:
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If married, your spouse must be present during contract signing
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“Cancel” status means the application was withdrawn by the user
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“Expired” means the application was not continued within 14 days
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PT BFI Finance Indonesia Tbk will conduct a survey process before final approval
By understanding the benefits, requirements, and application process of SJaminan BPKB, you can confidently apply online when you need additional funds.
In addition to SJaminan BPKB, PT BFI Finance Indonesia Tbk also offers other reliable financing solutions. Whether for personal or business needs, you can apply for loans using car or motorcycle BPKB, or even property certificates as collateral.
As mentioned earlier, BFI Finance is licensed and supervised by Otoritas Jasa Keuangan (OJK), ensuring a transparent and secure process.
So, whenever you need financial support, move forward with confidence—because there’s always a way with BFI Finance.
