The Toyota Avanza has long been one of Indonesia's most beloved family cars — and for good reason. It's spacious, comfortable, and holds its resale value remarkably well. But did you know your Avanza can do more than just get you from point A to point B? It can also serve as collateral to unlock the cash you need.
Whether you're covering unexpected expenses, funding a business venture, or managing a major life event, using your Avanza's vehicle ownership certificate (BPKB) as loan collateral is a smart, practical solution — and you still get to drive your car throughout the loan period.
Read on to find out how it works, what you'll need, and how to apply.
Why the Avanza Makes Great Loan Collateral
Not all cars are created equal when it comes to collateral value. The Toyota Avanza stands out for several compelling reasons:
- Stable Resale Value — The Avanza consistently commands strong demand in the used car market. This stability makes financing companies more confident in accepting it as collateral, knowing they can recover funds if repayment defaults occur.
- Competitive Loan Limits — Because the Avanza retains its value well, lenders are generally willing to offer higher loan ceilings. A stronger asset means stronger borrowing power.
- Low Maintenance Costs — Fuel efficiency, widely available spare parts, and ease of servicing all contribute to a slower depreciation rate, which works in your favor when it comes to collateral valuation.
How Much Can You Borrow?
The loan amount you can access depends on factors such as your car's market value and the lending policies of your chosen financing company.
One of the leading options in Indonesia is BFI Finance, which offers BPKB-secured vehicle loans specifically designed for Avanza owners. With your BPKB as collateral, you can borrow up to 90% of your vehicle's market value — all while continuing to use your car as usual.
The exact amount will be assessed based on the car's age, physical condition, and maintenance history.
Sample Loan Simulation
Below is an installment simulation for a Toyota All New Avanza Veloz VVTI 1.5 AT (2015) in the Greater Jakarta (Jabodetabek) area:
| Loan Amount | 12 Months | 24 Months | 36 Months |
| Rp50,000,000 | Rp5,189,500 | Rp2,984,000 | Rp2,282,000 |
| Rp55,000,000 | Rp5,680,500 | Rp3,262,500 | Rp2,491,500 |
| Rp60,000,000 | Rp6,171,500 | Rp3,540,500 | Rp2,701,500 |
| Rp65,000,000 | Rp6,662,500 | Rp3,818,500 | Rp2,911,000 |
| Rp70,000,000 | Rp7,135,500 | Rp4,096,500 | Rp3,121,000 |
| Rp75,000,000 | Rp7,644,500 | Rp4,374,500 | Rp3,330,500 |
| Rp80,000,000 | Rp8,164,000 | Rp4,668,500 | Rp3,552,500 |
| Rp85,000,000 | Rp8,655,000 | Rp4,946,500 | Rp3,762,500 |
| Rp90,000,000 | Rp9,146,000 | Rp5,224,500 | Rp3,972,000 |
| Rp95,000,000 | Rp9,367,000 | Rp5,502,500 | Rp4,182,000 |
| Rp100,000,000 | Rp10,128,000 | Rp5,780,500 | Rp4,391,500 |
Disclaimer: The figures above are estimates only and may vary based on vehicle valuation, applicable interest rates, and individual credit assessment results.
Eligibility Requirements
Before applying, make sure you meet BFI Finance's requirements across three key categories:
1. Personal Eligibility
- Indonesian citizen
- Minimum age of 21 years (or 18 years if married); maximum age of 70 years at loan maturity
- Marital status: single, married, or divorced
- Residential status: own home, spouse's or family's home, annual rental, company housing, or monthly rental (note: monthly rental may not be accepted at all BFI Finance branches)
- Employment: salaried employee, civil servant (PNS), or self-employed
- Occupation must be legally compliant
2. Vehicle Requirements
- The Avanza must be registered in your name, with the original BPKB
- BPKB may be in the name of a spouse or another individual, provided proof of purchase is attached
- If the BPKB is registered under a company name, a Letter of Rights Transfer (Surat Pelepasan Hak/SPH) must be included
- Maximum vehicle age: 20 years (applies to sedans, jeeps, and minibuses)
- Valid STNK (vehicle registration certificate) required
3. Required Documents
- Photocopy of applicant's ID (KTP) and spouse's ID (if married)
- Photocopy of Family Card (Kartu Keluarga/KK)
- Utility bill (electricity or water) or Property Tax (PBB) payment receipt
- Proof of income: 3 months' bank statements or salary slips
- Active STNK
- BPKB and vehicle purchase invoice
How to Apply
You can apply for a BPKB-secured Avanza loan either by visiting your nearest BFI Finance branch or POS, or conveniently online via the website or BFI Mobile app.
Applying via the BFI Mobile App
- Download and install the BFI Mobile app from the Play Store or App Store.
- Register a new account using your active mobile number.
- Once logged in, select the BPKB Car Loan product.
- Complete the application form carefully and accurately.
- Review all information before submitting.
- Track your application status regularly through the app.
Applying via the Website
Visit BFI Finance's official website, click the "Apply" button on the bottom widget, then select "Apply Now" under the BPKB Car Loan product. BFI Finance's team will then review your data and documents before issuing a decision.
Tips to Get Your Loan Approved
Maximize your chances of approval with these practical steps:
- Keep your car in good shape — A well-maintained Avanza is seen as a quality asset. Make sure the engine is running properly, the interior is clean, and the paint is intact.
- Prepare complete documentation — Having all required documents ready and valid will speed up the verification process significantly.
- Choose a realistic loan tenor — Select a repayment period that aligns with your financial capacity, so monthly installments remain manageable.
- Maintain a good credit track record — If you have other active loans, always pay on time to keep your credit score healthy.
Make Your Avanza Work Harder for You
Your Toyota Avanza is more than just a family car — it's a financial asset that can support you when you need it most. With BFI Finance's BPKB-secured car loan, you can access funds quickly and flexibly, without giving up the keys.
BFI Finance offers competitive interest rates and flexible loan tenors tailored to your financial needs. And if you need a smaller amount, a motorcycle BPKB loan is also available, while a property certificate (rumah/ruko/rukan) can unlock larger financing limits.
As a financing company licensed and supervised by the Financial Services Authority (OJK), BFI Finance is a trusted partner for your financial journey. Because #SelaluAdaJalan — there's always a way forward with BFI Finance.
