Selasa, Desember 13, 2022

BI Extends Validity of LTV and FTV Ratios for Property and Motor-Vehicle Ownership until 31 December 2023

The Bank Indonesia ("BI") Board of Governors recently issued Regulation No. 24/16/PADG/2022 ("Fourth Amendment"), which sets out a number of updated provisions that address Loan-to-Value ("LTV") ratios for Property Loans (Kredit Properti – "KP"), Financing-to-Value ("FTV") ratios for Property Financing (Pembiayaan Properti – "PP") and Downpayments for Motor-Vehicle Loans (Kredit Kendaraan Bermotor – "KKB") and Motor-Vehicle Financing (Pembiayaan Kendaraan Bermotor – "PKB"), as originally addressed under Regulation of the BI Board of Governors No. 21/25/PADG/2019 ("Regulation 25/2019").
In essence, the Fourth Amendment states that various provisions addressed under the framework of Regulation 25/2019 will remain valid until 31 December 2023. These provisions encompass: 1) LTV ratios for KP and FTV ratios for PP; and 2) Downpayments for KKB or PKB.
The provisions outlined under point (1) above are summarized in the table below:

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The Bank Indonesia ("BI") Board of Governors recently issued Regulation No. 24/16/PADG/2022 ("Fourth Amendment"), which sets out a number of updated provisions that address Loan-to-Value ("LTV") ratios for Property Loans (Kredit Properti – "KP"), Financing-to-Value ("FTV") ratios for Property Financing (Pembiayaan Properti – "PP") and Downpayments for Motor-Vehicle Loans (Kredit Kendaraan Bermotor – "KKB") and Motor-Vehicle Financing (Pembiayaan Kendaraan Bermotor – "PKB"), as originally addressed under Regulation of the BI Board of Governors No. 21/25/PADG/2019 ("Regulation 25/2019").
In essence, the Fourth Amendment states that various provisions addressed under the framework of Regulation 25/2019 will remain valid until 31 December 2023. These provisions encompass: 1) LTV ratios for KP and FTV ratios for PP; and 2) Downpayments for KKB or PKB.
The provisions outlined under point (1) above are summarized in the table below:

......