Bisnis.com, JAKARTA - Multifinance companies are concocting strategies to achieve a balance to implement good risk mitigation in the era of the surge in Covid-19 cases and social restrictions, but still able to take the momentum of new financing growth. PT BCA Finance is an example that is still conservative, but still targets growth, one of which is through creating new products. "Conditions right now, our selection is stricter. We don't have a special promo either. However, our interest rates are very attractive, and the loan tenor can be up to 8 years," said BCA Finance President Director Roni Haslim, Monday (26/7/2021) . For your information, this financing innovation, titled 'Mini for Max', accommodates consumers by only paying a down payment of 20 percent and paying installments of 30 percent of the vehicle price for 4 years. The rest, or about 50 percent of the price of the car, can be paid off or immediately repaid in installments over the next 4 years. This program is only valid for BCA Finance and Bank BCA customers in the areas of Jakarta, Depok, Tangerang, Bekasi, Bogor, Bandung, Surabaya, Medan, Semarang, Yogyakarta, Solo, Malang, Makassar, and Manado. Through this step, the multi subsidiary of PT Bank Central Asia Tbk. This in fact managed to maintain the level of non-performing financing (NPF) in the range of only 1.9 percent, with the achievement of new financing in the half of 2021 touching Rp12.1 trillion, or 33 percent higher (year-on-year/yoy) compared to the same period. last year. Roni is still optimistic that his party will be able to achieve the new financing target throughout 2021 in the range of Rp. 30 trillion, almost touching the achievement before the pandemic or the 2019 period at Rp. 33.2 trillion, after falling to only Rp. 15.78 trillion in 2020. Meanwhile, for PT BFI Finance Indonesia Tbk (BFI Finance) as a multi-finance company that relies on used car loan products, a balance can be achieved because the customer base of this segment usually really targets certain types of 'older' cars that are still in demand. "Actually, new and used cars each have risks, the important thing is that we must carry out the risk identification and mitigation process correctly at the beginning of the financing process, not after the contract runs and consumers are in arrears," said Finance Director BFI Finance Sudjono. For your information, throughout the first semester of 2021, the new multi-finance financing coded BFIN penetrated Rp. 6.1 trillion, or up 48.7 percent (yoy) compared to the same period in the previous year, with used car financing contributing 71.2 percent of the total. total booking value, or Rp. 4.34 trillion. Meanwhile, the NPF ratio was well managed at the level of 2.15 percent, down from the same period in the previous year of 3.73 percent. According to him, one of the advantages of a used car is that the depreciation of a car is not as big and as fast as a new car. So, if there is a default in paying installments that causes a withdrawal of the guarantee, the level of loss is usually not too large. Previously, the distribution of BFIN throughout 2020 was only Rp. 7.6 trillion, down to 52.2 percent (yoy) from Rp. 15.89 trillion in 2019. If the pandemic can be handled, BFIN is still optimistic that new financing throughout 2021 can still touch the achievements of the period before the pandemic.