PT Transkon Jaya Tbk (TRJA), a land transportation company, anticipates an improvement in financial performance following a reduction in loan interest rates. Alexander Syauta, Corporate Secretary of TRJA, emphasized their full attention to interest rates, which significantly impact the cost of funds received from financing companies.
According to Alex, the interest rate is a crucial factor in determining installment rates, subsequently affecting the rental prices of vehicles. The company will continue to monitor the movement of loan interest rates in the market and compare them with the interest rates in their financial portfolio.
Starting from February 1, 2021, TRJA has experienced a 0.75% reduction in interest rates from its major creditor, PT Dipo Star Finance, resulting in an effective rate of 9.00%. This interest rate reduction applies to all Mitsubishi products financed by PT Dipo Star Finance.
Alex stated that this reduction is an extraordinary measure on the part of PT Dipo Star Finance and supports the company’s cost-efficiency program. The current interest rate is even lower than the rates offered by some commercial banks for corporate categories.
TRJA has been consistently building trust among creditors, and this reduction in interest rates further motivates the company to actively market its services throughout Indonesia. The reduced interest rate allows TRJA to offer more competitive rental prices to its customers and potential customers. This positive development is expected to contribute to the company’s enhanced financial performance in each reporting period.
