PT Bank Syariah Indonesia Tbk (BSI), Indonesia’s largest Islamic bank, officially introduced BSI OTO via BYOND during the BSI International Expo 2025.

The new feature, available within the BYOND by BSI superapp, enables users to purchase vehicles and apply for sharia-compliant financing entirely online.

Wawan Setiawan, SEVP Consumer Product Solution BSI, stated that the launch is part of BSI’s ongoing commitment to modernize financial services for its customers.

“The innovative and adaptive BSI OTO feature is now available in BYOND by BSI. This is part of our commitment to strengthen sharia financial literacy and inclusion, particularly in the automotive business ecosystem,” said Setiawan.

Easy Online Application, Real-Time Tracking, and Competitive Terms

Through the BYOND app, users can select their desired vehicle, apply for financing, and track their application status in real time.

Financing options come with competitive margins and repayment tenors of up to seven years.

“Now in BYOND by BSI, users can directly choose the vehicle they want and apply for financing anytime, anywhere,” he added.

Broad Financing Options: New Cars, Used Cars, Motorcycles, and EVs

At launch, BSI OTO via BYOND includes access to 45 vehicle brands. The service supports financing for new cars, used cars (second-hand), new motorcycles, and environmentally friendly vehicles, such as electric and hybrid cars.

“This is a big step for BSI to further expand digital sharia financing in the automotive sector through BYOND,” said Setiawan.

Strong Growth in Auto Financing Performance

As of May 2025, BSI OTO recorded Rp60.34 billion in financing disbursement, marking a 96.17% year-on-year increase.

During the BSI International Expo 2025, 73 vehicles were sold, with 30% of transactions completed through BYOND.

Currently, monthly disbursement through BSI OTO reaches Rp300 billion, equivalent to around 1,600 vehicles per month.

Before this launch, BSI OTO could only be accessed via physical branches or a landing page in collaboration with Mandiri Utama Finance.

On-Site Experience, Promotional Offers, and Strategic Collaboration

At the BSI International Expo 2025, held at the Jakarta International Convention Center (JICC), BSI OTO showcased both two- and four-wheeled vehicles and provided test drive opportunities.

“At the BSI OTO island, we feature premium vehicles and provide unit test drives so that Sahabat BSI (customers) can enjoy the full journey, experience, and special offers,” said Setiawan.

Automotive influencer Den Dimas noted the convenience of the new digital service. Previously, you had to visit a showroom.

Now, you can search for vehicles anytime. If the showroom is closed on holidays, BYOND is still accessible, and the process is very easy,” he said.

Customers applying for car financing via BYOND and holding a valid SPK receive an Auto Glaze voucher worth Rp3.8 million.

Motorcycle buyers receive a MAP/Alfamart voucher worth Rp100,000. BSI Priority customers also receive a BSI Hajj Savings account when purchasing a vehicle.

BSI collaborates with Mandiri Utama Finance Syariah for the financing process. Vehicle brands featured at the event include BYD Sealion, BMW i5, CHERY Tiggo 8 CSH, Daihatsu Terios, Denza D9, Honda HRV HEV, Mercedes-Benz, Suzuki Fronx, Toyota Zenix Modelista, and Hyundai New Palisade.

Motorcycle brands include ALVA EV, BMW Motorrad, Harley Davidson, Honda, Kawasaki ZX 25R, Yamaha, Vespa, and Suzuki Vstroom.

PHOTO: BSI

This article was created with AI assistance.