JAKARTA (Yosefardi) – PT HD Finance Tbk (HDFA), controlled by HD Corpora and Wealth Paradise Holdings Ltd, targets its financing to reach Rp1.6 trillion next year.
The company will allocate Rp78 billion financing for used car next year, Rp1.3 trillion for new motorcycles, and Rp244.8 billion for used motorcycles.
For this year, the company targets financing to reach Rp1.27 trillion. As of September 2013, its financing totaled Rp1.14 trillion.
HDFA had in October secured Rp100 billion facility from Bank Muamalat Indonesia. The facility will mature in 48 months since the signing of the loan with receivables from consumer financing as collateral.