KONTAN.CO.ID - JAKARTA. PT CIMB Niaga Auto Finance (CNAF) stated that the loan interest rates offered vary for each customer. CNAF President Director Ristiawan Suherman explained that this is because each customer has a different risk profile.

"For the application of interest rates at CNAF, we use a risk-based pricing method, which determines the customer's interest rate based on their own risk profile. Therefore, interest rates for CNAF customers will vary depending on their individual risk levels," he told Kontan, Thursday (August 21, 2025).

Ristiawan explained that CNAF's risk-based pricing method aims to maintain the company's health and positive performance growth. Therefore, CNAF will continuously increase its selectivity in analyzing potential customers applying for financing. He revealed that another factor that can reduce loan interest rates is a decrease in the cost of funds.

Although the industry's Non-Performing Financing (NPF) remained stable at 2.55% as of June 2025, Ristiawan explained that this was not the primary factor in determining the reduction in lending rates for customers.

"The NPF figure is closely correlated with public income, purchasing power, and is also linear with public repayment capacity," he said.

Meanwhile, CNAF also spoke about the link between loan interest rates and the weakening financing disbursement in the multifinance industry. Data from the Financial Services Authority (OJK) shows that multifinance financing receivables grew slower, at only 1.96% year-on-year (YoY), reaching Rp 501.83 trillion as of June 2025, the lowest point so far this year.

Ristiawan stated that the persistent decline in loan interest rates is not necessarily the primary indicator of the slowing growth in the multifinance industry. He attributed the slowdown in financing disbursement to customers to declining purchasing power and unstable global macroeconomic conditions.

"This also contributed to the slowdown in industrial financing growth in the first half of 2025," Ristiawan said.