A new BI rule allows residents to buy the first free advance of their tribe

TRIBUNMANADO.CO.ID – Good news for people who do not have a home yet. The Bank Indonesia (BI) agreements through Loan Ro Value (LTV) and Value Financing (LTV) have given banks the freedom to establish the LTV ratio and first-time home financing for all types. the possibility for the community, especially the first buyers to meet the needs of the first house by mortgage, "said the governor of the Indonesian Bank Perry Warjiyo at a press conference of the Board of Governors (RDG), Friday (29/6/2018). Described, the LTV itself is tied to the ratio of loans received by the bank's mortgage debtor (KPR), thus affecting the down payment that consumers must pay.

The lowest or largest ratio of LTV, the smallest consumers, in order to increase their purchasing power

Official BI Applicable In the previous LTV rules, BI fixed the first installment for the Purchase of the first house at 10 Persian.

With this new provision, Bank Indonesia waived the deposit paid to the bank. "The amount of the LTV ratio is left to the risk management of each bank," he said. While for the second house LTV ratio and so on, it is between 80% and 90%, except the typical house 21.

"For the type of less than 21 square meters, we are free to do it" . said that BI will also facilitate the amount of credit facilities or financing by inden mechanisms to a maximum of 5 facilities without seeing the sequence. In addition, for the adjustment of the financing phase of disbursement of credit to the maximum cumulative withdrawal up to 30 percent of the ceiling after the credit agreement. In addition, after signing can be disbursed a maximum credit of 30 percent.

"The next step when the foundation is completed, the cumulative disbursement of credit 50% of the ceiling.For the roof cover cumulates 90% of the ceiling," he added. The signature and delivery of the act of sale and purchase are made after the completion of the construction. (*)

This article was broadcast on Kompas.com under the title "BI Loosen LTV, First Buyers Can Release Advances"