BTN proposes new mortgage scheme to support ‘zero backlog’ by 2045

BTN proposes new mortgage scheme to support 'zero backlog' by 2045

Fajarasia.id – PT Bank Tabungan Negara (Persero) Tbk or BTN has invested in six new banks to meet the decent housing needs of the Indonesian people or to support the government’s goal of zero arrears by 2045. We are proposing a mortgage loan (KPR) scheme.

BTN Consumer Director Hirwandi Gafar said the company is proposing a new Home Finance Liquidity Facility Home Loan (KPR FLPP) program with subsidized 10-year terms and he will have 5% interest. said.

Then, in the following year, the program will be adjusted according to the economic improvement of his subsidized KPR debtors, as indicated in a statement received in Jakarta on Thursday (26 January 2023). It is done.

In addition, he has five other proposals, including his new KPR-SSB program. The subsidy term of this program is only 10 years, with adjustments made as the borrower’s economy improves at his 7% interest rate.

Then, an informal low income earner (MBR) in the KPR Rent to Own (RTO) program allows him to use the rental facility for six months before he receives the KPR. Meanwhile, the Staircasing Shared Ownership (SSO) program offers a staged ownership system for subsidized housing. The first stage is rent and mortgage, and the second stage is mortgage.

In addition, there are proposals to standardize Warranty Service Fees (IJP) and to divert Advance Payment Support (SBUM) subsidy funds to pay Buyer Tax (BPHTB).

“We hope that the implementation of this proposal will gradually reduce the use of government funds for public housing, but the benefits for the Indonesian people will be greater and greater,” he said.

On the occasion, Bank BTN Chief Executive Officer Haru Koesmahargyo said more than 14 million additional housing units would be needed to meet the housing ecosystem target in 2045.

At the same time, Bank BTN signed a joint commitment with members of the housing finance ecosystem. Through this signing, both parties agreed to actively coordinate in the context of housing development and to actively conduct research and policy recommendations to strengthen the housing finance market****.

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