BPKB Financing

BPKB financing, also known as BPKB collateral financing, is a form of secured loan prevalent in Indonesia. BPKB stands for "Buku Pemilik Kendaraan Bermotor," which translates to the Vehicle Ownership Book. In this financing arrangement, individuals utilize their BPKB as collateral to secure a loan. The BPKB is a legal document issued by the Indonesian government, serving as proof of ownership for a motorized vehicle, such as a car or motorcycle.