Want Bank Car Loans Without Usury?

Want Bank Car Loans Without Usury?


Want to buy a car by installments, but unwilling to use flowers?

Want to buy a car by installments, but unwilling to use flowers?

If so, just pay using Islamic car loans. Guaranteed, you are only asked to pay the principal without interest.

Especially now, banks which from the beginning offered conventional services, now many have provided sharia services. Starting from Islamic savings, Islamic deposits, gold pawns, gold installments, to Islamic financing, where one of them is Islamic car loan services.

In Cream Bank, financing motor vehicles or car loans using the Good Finance system. For information, Good Finance is a sale and purchase agreement between an Cream Bank and a customer.

In the contract, the types and quantity of goods will be explained later. There continues to be details regarding the profit margins that banks take in exchange for interest.

For example, a bank buys a car that you want for USD 300 million. Then the car was handed over to you for USD 310 million. That means the bank took a profit margin of Rp 10 million. At this point, you understand how Cream Bank can profit?

Just like car loans in general, Islamic car loans also apply the repayment tenor. The maximum tenor is up to 5 years.

Interested in buying a new car with Islamic car loans? Here are some credit options you can take.

1. Motorized Vehicle Financing

1. BSM Motorized Vehicle Financing

Bank Mandiri Syariah (BSM) claims that they are ready to provide lightweight car loan installments and are supported by more than 3,000 dealers.

BSM Motorized Vehicle Financing is intended for the purchase of new cars. The maximum repayment period of this Islamic car loan is 60 months or 5 years.

The requirements for applying for BSM Motorized Vehicle Financing, namely:

  • The applicant has a regular income each month.
  • Minimum age of 21 years and a maximum of 55 years.
  • Apart from submitting themselves, they can also be submitted collectively.

These are the documents that must be submitted when applying for this car loan.

  • Photocopy of identification in the form of KTP or SIM.
  • Photocopy of family card.
  • A certificate from the workplace signed by an authorized official.
  • Salary slip.
  • The description of the vehicle purchased includes the type of vehicle, the year of manufacture, and the price of the vehicle.
  • Photocopy of special marriage certificate already married.
  • Letter of approval from wife or husband.

2. SRB Al Salaam Islamic car loan

If the Islamic car loan at BPRS Al Salaam, you will be able to offer installments that are not volatile and various promos.

Just like Bank Mandiri sharia car loans, BPRS Al Salaam Car Loans also provide a maximum tenor of up to 60 months or 5 years. In addition to financing for new cars, BPRS Al Salaam also serves financing for used cars.

The requirements for applying for an Al Salaam Car Loan SRB, namely:

  • Status as an Indonesian citizen and have a source of income.
  • Business entities may apply for this credit.

Here are the documents that you must submit to get this car loan.

  • Complete the application letter for credit application.
  • Photocopy of KTP.
  • Photocopy of husband / wife’s KTP (personal).
  • Photocopy of family card (personal).
  • Photocopy of marriage certificate or divorce (personal).
  • Photocopy of salary slip for the past 3 months or certificate of income (personal).
  • Bank account in the last 3 months.
  • Photocopy of business statement (business entity)
  • Proof of home ownership such as land certificate / land certificate / girik / AJB / SPPT PBB.
  • Photocopy of STNK, BPKB and KTP of old car owners.
  • Photocopy of SIM A.

3. BNI Oto iB Hasanah

Good Bank provides sharia car loan services with a number of advantages. Starting from financing from USD 5 million to USD 1 billion, a mild down payment, to the selling price that does not change until paid off.

Good Bank car loans also provide a tenor of up to 60 months or 5 years. What are the conditions for applying for BNI Oto iB Hasanah?

  • Status as citizen.
  • Have a steady income with a minimum service period of 2 years.
  • Complete the form that must be submitted.

4. What are the conditions for applying for Islamic car loans?

  • Indonesian citizen status.
  • Minimum age of 21 years and a maximum of 55 years.
  • Already worked for 2 years.

These documents must be prepared to take care of car loans.

  • Photocopy of KTP.
  • Photocopy of husband / wife’s KTP.
  • Photocopy of family card.
  • Photocopy of marriage certificate / divorce.
  • Photocopy of NPWP or SPT.
  • Photocopy of SIUP (entrepreneur).
  • Photocopy of Company Registration Certificate (TDP) (entrepreneur).
  • Photocopy of practice license (profession).
  • Photocopy of deed of establishment (entrepreneur).
  • Salary slip or income statement (employee).
  • Photocopy of account for the last 3 months.
  • Original employment certificate (employee).

That was the choice of Islamic car loans that you can submit. Feel the information above is incomplete? You can find out directly by calling the bank call center numbers above. Hopefully the information above helps!

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