BPKB Loan for a Yamaha Nmax: Here Are the Full Requirements

Everyone knows the Yamaha Nmax for its reliability. This scooter has become a favorite among Indonesian riders thanks to its rugged engine and strong performance. On top of that, it typically holds a higher resale value than older models or lower-cc bikes.

That's exactly why an Nmax can be used as collateral to secure a loan from a financing company or bank. So how do you apply for a loan using your Yamaha Nmax's BPKB (vehicle ownership certificate), and what are the requirements? Here's everything you need to know.

Why an Nmax Makes Strong Collateral

Since its launch in 2015, the Yamaha Nmax has only grown in popularity — and it's easy to see why. The scooter comes packed with advanced features, and it even earned the Motorcycle of the Year 2015 award from the Automotive Journalists Forum.

Yamaha hasn't slowed down since. The Nmax has gone through several upgrades over the years, including a Smart Key System, a more powerful engine, and a sportier design.

All of this keeps demand high across Indonesia and helps the bike hold its value in the market — which makes financing companies more comfortable approving loans backed by an Nmax's BPKB. Here's what makes the Yamaha Nmax stand out:

• Powerful, fuel-efficient engine: The Nmax runs on a 155cc engine with Variable Valve Actuation (VVA) technology, producing 15 hp and 13.9 Nm of torque for a genuinely peppy ride, all while sipping fuel.
• Competitive pricing: Compared to rivals like the Honda PCX, the Yamaha Nmax is priced attractively, currently starting around Rp30 million.
• Modern, ergonomic design: The futuristic, sporty look pairs with generous legroom, making it comfortable even on longer rides.
• Dual-Channel ABS: Front and rear ABS helps prevent wheel lock-up during sudden braking.
• Digital instrument panel: The digital dash displays everything from engine status to fuel consumption and speed, and can even connect to your phone via a Communication Control Unit (CCU) — a first for a motorcycle made in Indonesia.

How Much Can You Borrow?

The loan amount you qualify for depends on a few factors, including the financing company's policy and your motorcycle's resale value.

If you're considering a loan against your Yamaha Nmax's BPKB, BFI Finance is worth a look. Whether you own an Nmax or another model, you can apply for financing secured by your motorcycle's BPKB — and you get to keep riding your bike for everyday use the whole time.

At BFI Finance, loans range from Rp1 million up to 80% of your vehicle's value, with flat monthly interest starting at 2.25% (roughly 27% per year).

To give you an idea of what you could borrow, here's a simulated repayment table for a 2020 Yamaha Nmax 150:

Disclaimer: The figures above are estimates only and may vary depending on your vehicle's assessed value, the applicable interest rate, and the outcome of the credit assessment for each applicant.

Requirements for a Yamaha Nmax BPKB Loan

Interested in applying for a loan against your Yamaha Nmax's BPKB with BFI Finance? Here's what you'll need to qualify.

1. Borrower Requirements

• Indonesian citizen (WNI).
• At least 21 years old if unmarried, or 18 if married.
• Marital status: single, married, or divorced.
• Residence status: owned by yourself, spouse, or family; rented; or company/government housing.
• Employed full-time or on contract, a civil servant (PNS), or self-employed.
• Occupation or business must be legal.

2. Vehicle Requirements

Your Yamaha Nmax also needs to meet these conditions:

• Owned outright, with the original BPKB.
• BPKB registered in your name, your spouse's name, or another person's name (with proof of purchase attached).
• Manufactured no earlier than 2013, or no older than 13 years, whether Japanese or non-Japanese brand.
• Vehicle tax overdue by no more than 4 years (with a deduction applied if overdue by more than 2 years).
• Black license plate, and not registered for public transport or government use.

3. Document Requirements

Have these documents ready when you apply:

• ID card (KTP) of the applicant, and spouse's if married.
• Family Card (KK).
• Proof of address or proof of home ownership.
• Vehicle registration (STNK) and BPKB.
• Vehicle invoice.

How to Apply for a Yamaha Nmax BPKB Loan

You can apply for a Yamaha Nmax BPKB loan either in person or online. Simply visit a BFI Finance branch or POS BFI Finance outlet near you — or for a faster, more convenient option, apply online through the BFI Finance website or the BFI Mobile app.

Applying through BFI Mobile:

1. Download the BFI Mobile app from the Play Store or App Store and install it.
2. Register a new account using an active phone number.
3. Once logged in, select the BPKB motorcycle loan product.
4. Fill out the application form with the required details.
5. Double-check that everything is accurate and complete before submitting.
6. Track your application status regularly within the app.

Applying through the website:

1. Visit the official BFI Finance website.
2. Click "View Our Products" to see the full list of loan products available.
3. Under BPKB Motorcycle-Backed Financing, click "Apply Now" to start your application right away, or "Learn More" to check interest rates and repayment simulations first.
4. Complete the application form, including your personal details and vehicle information.
5. Follow each step carefully, confirm your data is accurate, then submit.
6. Our customer care team will then reach out to discuss next steps, such as confirming your tenor and arranging a survey.

That covers everything you need to know about getting a loan against your Yamaha Nmax's BPKB. With this type of financing, you get the funds you need while keeping full use of your Nmax.

Through BFI Finance's BPKB-backed loan product, you can choose a flexible tenor and enjoy competitive interest rates — so you can pick a plan that truly fits your finances.

BFI Finance also offers other financing options, including loans backed by a car's BPKB or a house/shophouse certificate. With a relatively fast approval process, BFI Finance can be the right financial solution for your needs. BFI Finance is also licensed and supervised by Indonesia's Financial Services Authority (OJK), so you can transact with peace of mind.

No need to overthink your application, either — BFI Finance has a wide network of branches and POS BFI Finance outlets across Indonesia. For extra convenience, you can also apply directly through the BFI Mobile app or the official website.

Sounds simple, right? #SelaluAdaJalan with BFI Finance! Apply for your Yamaha Nmax BPKB loan today.