Ada Pertanyaan? Hubungi Kami 
2026 Hak Cipta Milik Hukumonline.com
Produk Pilihan
Ada Pertanyaan? Hubungi Kami Marcell Sihombing, ANT
In an effort to increase mortgages and house ownership in Indonesia, Bank Indonesia (BI) recently revised its policy on loan-to-value (LTV) ratio for housing loans. Currently, the policy is set out in BI Circular Letter No. 15/40/DKMP (Circular).Under the Circular, an individual that wishes to buy his/her own house using a bank loans, must make a down payment of 30% of the house’s sale price to the property developer. In other words, the LTV ratio is 70% (maximum) of the house price.
Under the planned revision, the LTV ratio will be changed to 80%, meaning that only a 20% down payment will be needed for an individual to buy his/her own house now. This revision will be issued and come into force sometime between June and July this year.
Asmawi Syam, Managing Director of PT Bank Rakyat Indonesia (BRI) is welcoming the revision. He believes that the revision will enhance the growth of mortgages, which have been stagnant since early 2015, along with slower economic growth, which is only reached 4.71 percent during the first quarter of 2015.
“The revision to the LTV ratio could increase mortgages up to 10-15% this year,” said Mr. Asmawi in Jakarta on Wednesday.
BI plans to increase loans for conventional housing and apartment ownership (Kredit Pemilikan Apartemen/KPA) by around 10 percent, andfor sharia banks by around 5 percent.
Lawmaker Mukhamad Misbakhun (Commission XI) also supports the revision. He asserts that a more lenient LTV ratio will support the government’s efforts to achieve better economic growth in the second quarter of this year. Moreover, according to Mr. Misbakhun, the policy reflects BI’s sensitivity to social issues including citizens being able to purchase their own home.
“The BI regulation that will provide leniency for the LTV ratio needs to be fully exploited by industries to propel the real sectors,” explained Mr. Misbakhun.
Mr. Misbakhun hopes that BI’s efforts will also be supported by the Financial Services Authority (OJK) through microprudential LTV policy. He is certain that the support of OJK can complement current efforts to enhance economical growth in Indonesia. This will support industries to operate more efficiently and better consumer protection.
(hot/kc)
Marcell Sihombing, ANT
In an effort to increase mortgages and house ownership in Indonesia, Bank Indonesia (BI) recently revised its policy on loan-to-value (LTV) ratio for housing loans. Currently, the policy is set out in BI Circular Letter No. 15/40/DKMP (Circular).Under the Circular, an individual that wishes to buy his/her own house using a bank loans, must make a down payment of 30% of the house’s sale price to the property developer. In other words, the LTV ratio is 70% (maximum) of the house price.
Under the planned revision, the LTV ratio will be changed to 80%, meaning that only a 20% down payment will be needed for an individual to buy his/her own house now. This revision will be issued and come into force sometime between June and July this year.
Asmawi Syam, Managing Director of PT Bank Rakyat Indonesia (BRI) is welcoming the revision. He believes that the revision will enhance the growth of mortgages, which have been stagnant since early 2015, along with slower economic growth, which is only reached 4.71 percent during the first quarter of 2015.
“The revision to the LTV ratio could increase mortgages up to 10-15% this year,” said Mr. Asmawi in Jakarta on Wednesday.
BI plans to increase loans for conventional housing and apartment ownership (Kredit Pemilikan Apartemen/KPA) by around 10 percent, andfor sharia banks by around 5 percent.
Lawmaker Mukhamad Misbakhun (Commission XI) also supports the revision. He asserts that a more lenient LTV ratio will support the government’s efforts to achieve better economic growth in the second quarter of this year. Moreover, according to Mr. Misbakhun, the policy reflects BI’s sensitivity to social issues including citizens being able to purchase their own home.
“The BI regulation that will provide leniency for the LTV ratio needs to be fully exploited by industries to propel the real sectors,” explained Mr. Misbakhun.
Mr. Misbakhun hopes that BI’s efforts will also be supported by the Financial Services Authority (OJK) through microprudential LTV policy. He is certain that the support of OJK can complement current efforts to enhance economical growth in Indonesia. This will support industries to operate more efficiently and better consumer protection.
(hot/kc)