cicil

Cicil is an Indonesian term used as a verb meaning to pay in installments, or to finance purchases over time. The related noun cicilan refers to an installment payment and the periodic amount due under a financing agreement. In Indonesian usage, cicil appears in phrases such as membayar secara cicil or cicil pembayaran, and it is common in consumer finance, retail purchases, vehicle loans, and housing mortgages.

Cicil contrasts with tunai, meaning cash payment, and lunas, meaning paid in full. The concept is widely used in everyday financial transactions as well as formal lending arrangements, where arrangements specify the installment schedule, the amount due each period, and the total cost.

Modern financing offers cicilan plans with varying tenors (months), interest rates, and fees, often marketed as options for those who prefer not to pay the full amount upfront. These arrangements can be provided by banks, retailers, and fintech lenders, sometimes with or without credit cards.

Regulatory frameworks in Indonesia oversee consumer finance to protect borrowers and ensure disclosure of terms. Agencies such as the financial regulators set rules on advertising, interest disclosures, and fair lending practices to promote transparency in cicilan products.

See also: cicilan, angsuran, kredit, tunai, OJK.