DAPURPACUID – PT Federal International Finance (FIFGROUP) really uses the 2024 Indonesia Motorcycle Show (IMOS) as a medium to educate visitors regarding financing optimization.
This is believed by the subsidiary of PT Astra International Tbk and part of Astra Financial to provide an understanding of how to utilize the right financing according to their needs.
On this basis, FIFGROUP, through its five business portfolios, namely FIFASTRA, SPEKTRA, DANASTRA, FINATRA and AMITRA, seeks to realize their needs as the best financing solution.
As part of a series of activities carried out during the IMOS 2024 exhibition, FIFGROUP held a talk show entitled ‘Wise Optimization of Financing to Meet Needs’.
New Motor Cycle (NMC) Financing Marketing Area Department Head FIFGROUP, Surianto said, as Platinum Sponsor at the IMOS 2024 exhibition, FIFGROUP promises the right financing solution for the community.
“Through this talk show we inform visitors to take advantage of special and attractive promotions from our five business portfolios,” said Surianto.
For information, FIFGROUP comes with five portfolios, namely special financing for Honda motorbikes powered by FIFASTRA, financing for electronics and household furniture powered by SPEKTRA, and cash financing powered by DANASTRA.
Apart from that, financing for micro businesses is powered by FINATRA, as well as financing for Regular Hajj and Umrah powered by AMITRA.
To finance Honda motorbikes through FIFASTRA, consumers have the opportunity to get a tenor discount of 3 times and an installment discount of up to IDR 75 thousand. There are AstraPay vouchers for electricity tokens up to IDR 2.4 million and installment vouchers worth a maximum of IDR 600 thousand.
Collaboration with Moxa also provides petrol vouchers worth IDR 1 million for applications with a minimum down payment of IDR 3 million, as well as direct prizes in the form of personal accident insurance of up to IDR 10 million and attractive merchandise.
In providing the best for IMOS 2024 visitors by ensuring the motorbike financing application process is fast and efficient. According to Surianto, the financing application process only takes around 1-2 hours.
With this short time, FIFGROUP hopes to provide the maximum experience for every visitor who wants to finance and easily get a motorized vehicle without having to wait a long time.
Maintain Good Credit History
For prospective consumers who want to apply for financing at FIFGROUP, there are important things that need to be considered to ensure that their monthly obligations can be fulfilled properly.
In this way, the customer’s credit history remains good in the eyes of Bank Indonesia. According to Surianto, the first thing to pay attention to is being wise in considering income and payment ability.
“Prospective consumers need to ensure that the installments they have taken are in accordance with their financial capabilities, so that it is not burdensome in the future,” explained Surianto.
By measuring financial capabilities realistically, it will be easier for consumers to fulfill their payment obligations on time as agreed.
This is very important to prevent a bad history, especially if there is a breach of contract which could result in the security of the unit being used as fiduciary collateral, as well as a bad record in the name of the prospective consumer.
By paying attention to these aspects, potential consumers can go through the financing process smoothly and maintain a good credit reputation.
FIFGROUP Achieves Net Profit Increase of 8.8 Percent
FIFGROUP achieved a positive note in the third quarter of 2024, where at the close of the period there was performance growth with a net profit of IDR 3.3 trillion.
This figure shows an increase of 8.8 percent year-on-year (yoy) compared to the same period the previous year (2023), with a net profit of IDR 3 trillion.
“This achievement further motivates us to continue optimizing the services provided,” explained FIF Director, Valentina Chai in a written statement some time ago.
“With good synergy between FIFGROUP and all stakeholders, we hope to create added value and contribute to national economic growth,” he added.
It was stated that FIFGROUP’s improved performance was reflected in the value of financing distribution which reached IDR 34.1 trillion by the end of the third quarter of 2024, or an increase of 7.1 percent (yoy).
This increase is also in line with the increase in the number of units financed, which reached up to 2.4 million units, or an increase of 1.4 percent (yoy).
On the other hand, FIFGROUP also posted an increase in Net-Service Assets (NSA) of 14.6 percent (yoy) to IDR 44.9 trillion by the close of the third quarter of 2024.
FIFGROUP maintains its Non-Performing Finance (NPF) ratio at 0.02% in the third quarter of 2024, making it one of the finance companies with very healthy performance based on indicators set by the Financial Services Authority (OJK).
Performance of FIF’s Five Business Lines
Carrying the tagline One Solution for All Needs, FIFGROUP is present through five main business lines: FIFASTRA, SPEKTRA, DANASTRA, FINATRA, and AMITRA. These five business lines are the main drivers of company performance growth.
FIFASTRA, which provides Honda motorbike financing services, recorded growth in financing distribution of 10.2% (yoy) to IDR 22.3 trillion, with an increase in the number of units financed reaching 1.3 million units, up 5.8% (yoy) per third quarter 2024.
SPEKTRA, a provider of financing services for electronic equipment, gadgets and household furniture, experienced a decline in the value of financing distribution by 9.7% (yoy) to IDR 315 billion, due to the dominance of online purchasing trends.
DANASTRA, which provides multipurpose financing services, up to the third quarter of 2024 recorded an increase in the value of financing distribution to IDR 10.3 trillion with an increase of 3.1% (yoy). Although units financed decreased by 2.6% (yoy) to 1.04 million units.
FINATRA, which offers microproductive financing for MSMEs, experienced a decline in financing distribution of 13.5% (yoy) to IDR 727 billion, with competition from banks as the main challenge.
AMITRA, which provides sharia financing for Regular Umrah and Hajj, recorded an increase in financing distribution of 12.2% (yoy) to IDR 416 billion, with an increase in the number of units financed by 4.3% (yoy) until the third quarter of 2024.
FIFGROUP continues to be committed to realizing its mission, namely ‘Bringing a Better Life to Society’ by continuing to optimize the services provided to all consumers. (dpid/TH)
Source: dapurpacu.id
