99 Tekno JAKARTA. Several multifinance companies in Indonesia are closely monitoring the impact of Bank Indonesia’s decision to raise the benchmark interest rate (BI Rate) by 50 basis points to 5.25%. This shift is expected to create significant pressure on the financing outlook through the end of the year, driven by rising corporate funding costs and a potential decline in consumer purchasing power.
Ristiawan Suherman, the President Director of PT CIMB Niaga Auto Finance (CNAF), stated that the current BI Rate level indirectly affects the financing industry. He highlighted two primary concerns: the public’s appetite for new financing and the ability of existing customers to meet their payment obligations.
“The BI Rate, which now stands at 5.25%, indirectly influences the financing industry, particularly in terms of financing demand and customer repayment capacity,” Ristiawan explained on Friday (May 22, 2026).
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He further noted that a high-interest-rate environment typically leads to increased cost of funds for companies. Despite these challenges, CNAF remains committed to maintaining a business balance between profitability and the quality of its financing portfolio. To manage this, CNAF utilizes a risk-based pricing method to determine customer interest rates.
This approach allows the company to offer varying interest rates based on the unique risk profile of each debtor. “As a result, interest rates may differ for each customer. This policy is part of our strategy to ensure the financing portfolio remains measurable, healthy, and continues to grow positively,” Ristiawan added. Amidst pressure on consumer purchasing power, CNAF will focus on prudent and sustainable growth by being more selective and prioritizing precautionary principles.
Similarly, PT BRI Multifinance Indonesia (BRI Finance) identified the BI Rate hike as a crucial factor in determining its financing pricing. Aditia Fakhri Ramadhani, Corporate Secretary of BRI Finance, mentioned that adjustments to credit or financing rates are being carried out gradually, taking into account market conditions, purchasing power, and the company’s competitiveness.
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“Our financing distribution targets for this year will continue to be pursued selectively, prioritizing portfolio quality and the principle of prudence,” Aditia stated. To sustain growth, BRI Finance is championing a strategy of selective growth and prudent financing, with a heavy focus on risk management. The company is also optimizing its captive market and joint financing initiatives with the BRI Group.
Furthermore, the firm is implementing cost-efficiency measures, selective pricing management, and strengthening its collection and asset quality monitoring systems to safeguard profitability and mitigate the risk of non-performing loans.
From another perspective, PT Adira Dinamika Multi Finance Tbk (Adira Finance) believes that the BI Rate hike does more than just increase funding costs; it significantly alters consumer behavior. Sylvanus Gani, Chief Financial Officer of Adira Finance, observed that in a high-interest-rate climate, consumers tend to be more cautious or may even delay purchasing decisions as they reassess their affordability.
“The increase of the BI Rate to 5.25% is a key factor we are analyzing as we look at the financing outlook for the remainder of the year,” Sylvanus remarked. However, Adira Finance notes that the demand for financing remains, particularly for supporting mobility and productive community activities.
Regarding interest rates, Adira Finance clarified that adjustments are not made automatically, even if the hike puts pressure on the company’s cost of funds. “Adjustments are not automatic; they are made by considering various factors, including market conditions, product segmentation, consumer risk profiles, and the competitive landscape,” he explained.
To maintain steady growth, Adira Finance plans to strengthen disciplined margin management, diversify its funding sources, and enhance operational efficiency. Additionally, the company will intensify its collection activities and portfolio monitoring to ensure that credit risks remain well-controlled.