Terms and Conditions for Agreement Transfer at SMS Finance

25 Apr 2025

Agreement Transfer at SMS Finance

Agreement Transfer is the process of transferring the rights and obligations of the debtor who has previously signed the Financing Agreement to the replacement debtor by continuing to finance the existing debtor but with the issuing of a new Financing Agreement through the approval process applicable at PT Sinar Mitra Sepadan Finance ("SMS Finance").

Terms and Conditions of Agreement Transfer:

1. Existing debtors and prospective replacement debtors submit applications for transfer of financing facilities to SMS Finance.
2. Prospective replacement debtors are required to be surveyed and complete the required documents as applicable to prospective new debtors at SMS Finance;
3. There are no arrears of installments, fines, and other fees;
4. If there is an unfinished STNK management process, it must be completed first;
5. Prospective replacement debtors are required to pay administrative fees in accordance with the provisions of the Financing Agreement, including Important Information.
6. The prospective replacement debtor is not registered as an insured on Credit Life Insurance ("AJK"), even though the initial debtor is registered as an insured with the AJK. With the Transfer Operation, the previous AJK coverage will end.

Agreement Transfer Submission Documents:

1. Identity documents;
2. Residence/domicile ownership document;
3. Proof of income documents;
4. Proof of business documents;
5. Photo of the prospective replacement debtor with the vehicle financed;
6. Photo of NPWP of the prospective replacement debtor;
7. Copy of annual and 5-year STNK;
8. Prospective Replacement Debtor Data Form;
9. Letter of Request for Transfer of Financing Facility, with the following signing conditions:

• First Party: Previous debtors and spouses (if married)
• Second Party: Prospective Replacement Debtors and spouses (if married)
• Approved by: Branch Manager

If everything has been processed and the results of the check have been appropriate, and the transfer request has been approved by SMS Finance, then:

• Existing debtors, Prospective Replacement Debtors/Consumers and SMS Finance are required to sign the Financing Facility Transfer Agreement Document; and
• Replacement Debtor/Consumer and SMS Finance are required to sign a new financing agreement.

After signing the new agreement, you have officially completed the transfer.

Don’t make an unofficial agreement transfer, because it is an act of violating the provisions of the financing agreement and applicable laws and can be subject to criminal sanctions.

Officially agreement transfer by visiting the nearest SMS Finance Branch Office or calling the Customer Care number below.

Official agreement transfer is easy and much safer!

If you have any questions or need for further information, you can contact SMS Finance Customer Care: 1500403.

PT Sinar Mitra Sepadan Finance Berizin dan Diawasi oleh Otoritas Jasa Keuangan