Astra Credit Companies (ACC) Say Demand For Financing Doubled

ACC Office (Photo: Special)

JAKARTA - Astra's first financing company, namely Astra Credit Companies (ACC), recorded a credit increase of up to 102 percent since launching an official website that accommodates online financing applications on March 10.

This data is an accumulation of data for the period 10-26 March 2021 compared to the same term in the previous year.

ACC Director of IT and Business Development Mohammad Farauk said the biggest demand came from new car financing, used cars, and followed by funding facility products.

"We are pleased that online credit application services have received high acceptance from the market," he said in an official paper, Saturday, March 27.

Farauk added, this achievement also indicates that the community is increasingly comfortable and accustomed to applying for car financing and funds digitally.

"It is clear that there has been a shifting behavior from a market that is increasingly familiar with transactions without having to go face-to-face," he said.

Furthermore, he explained that more than 80 percent of applications for new and used car loans are for the entry segment. Then followed by the Low MPV and SUV types. In addition, multipurpose loans were recorded to have jumped significantly with books of more than 100 percent.

For your information, the business entity affiliated with the Astra group has just launched ACC ONE Web virtually.

Through this channel, customers can choose new and used cars through e-catalogs, along with credit simulations to tracking online financing applications.

ACC ONE is also claimed to make it easier for customers to view installment payment schedules, receive e-receipts, and sign e-contracts to receive e-policies, and insurance e-certificates.

It is suspected that the increase in demand for vehicles this month was due to the government's policy of relaxing the Sales Tax on Luxury Goods (PPnBM) of up to 0 percent for cars with a capacity of 1,500cc.

In fact, the strategy will be expanded to target four-wheeled passenger vehicles in the 1,501-2,500cc category in April following the success of the previous program.