Instalments with their receipts

Medan and Binjai, Indonesia

Motorbike instalments in Medan, with every monthly payment on its own receipt line.

Riders in Medan and Binjai buy motorbikes on monthly instalments from small dealers. We write each instalment as a line with its due date, payment and receipt, so the rider and the dealer see the same balance.

Rider Medan 9, 12 months

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12

Paid Late 9 days Due

Receipts in the dealer's drawer

CM-2101

Rider Medan 14, 12 months

Balance Rp 2.4 jt

Paid

CM-2107

Rider Binjai 3

Instalment 7 due

Due

CM-2114

Rider Medan 9

Instalment 4 late 9 days

Late

CM-2120

Rider Medan 22

Closed

Paid
Long row of parked motorbikes along a city street

Due date, receipt, late flag

Due date line. Each monthly instalment is written with its due date before the month starts.

Payment receipt. Each payment is linked to a receipt number the rider keeps.

Late flag. An unpaid instalment past the grace period is flagged for the dealer, with the penalty written on the line.

Contract to last payment

  1. ContractThe dealer writes the instalment schedule on the rider's line.
  2. PayThe rider pays and the receipt number is written.
  3. CheckThe balance is shown to the rider each month.
  4. CloseThe last instalment closes the motorbike line.

Riders ask

Can I see my balance?

Yes. The balance is the sum of open lines, shown on the receipt you keep.

What if I miss a payment?

The line shows late with the penalty, and the dealer cannot change it without a new signed line.

Who sees my details?

Only you and the dealer named on your contract.

Two riders on a motorbike waiting in city traffic