Financing 'Take Over' Services Seen as Solution for Quick Cash Needs

The increasing liquidity needs of the public have made access to fast and easy financing a crucial factor in maintaining household financial stability. The Financial Services Authority (OJK) recorded that total motor vehicle financing disbursements by multifinance companies reached Rp404.94 trillion as of July 2025. Chris Chen, Chief Executive Officer of PT Anggrek Teknologi Indonesia, stated that loans secured by vehicle ownership documents (BPKB) or property certificates (SHM) are often the primary choice for people needing cash funds. “The process, which is relatively simpler compared to unsecured loans, is a particular attraction amidst both consumptive and productive needs,” Chris said in a statement on Wednesday, 5 August 2026. However, he noted that for some people, the loan application process is still considered complicated. Document preparation and the selection of a financing institution often remain obstacles, not to mention the equally complex interest rate negotiations. “In this regard, financing companies like FINGO play a role in providing assistance to prospective customers,” he said. Chris explained that FINGO is a platform that connects the public with a network of multifinance company partners. Through an integrated system, FINGO helps customers apply for loans secured by vehicle BPKB (cars and motorcycles) or property SHM. “The process begins with consultation and document verification, followed by submission to a multifinance partner that suits the customer’s needs,” Chris said. He explained that assistance is the core value offered by FINGO to its customers. With complete documents, the verification process can proceed more quickly, with the average process from application to fund disbursement taking between 3 and 7 days. “Doubt and confusion still often arise among the public when applying for financing. That is why FINGO is here to assist them from start to finish,” he said. To apply for a loan through FINGO, customers need to prepare the following documents: customer’s KTP and spouse’s KTP, Family Card (Kartu Keluarga), BPKB and STNK (for motor vehicles) or SHM (for property), NPWP, proof of home ownership, and proof of income. One of FINGO’s advantages is its integrated operational system, designed to reach and respond to customer needs more quickly. Prospective customers can begin the application process digitally, after which the FINGO team will contact them for further processing.