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Bisnis.com, JAKARTA – Bank PT Tabungan Negara Tbk. (BTN) is targeting a 23% growth in housing credit (KPR) this year, boosted by new loan-to-value (LTV) rules related to setting mortgage interest rates.
BTN director Budi Satria said that because of the above average industry. While the nonperforming loan (NPL) ratio is quite low, it is less than 3%.
"Exactly 2.38% and we plan to continue to fall," he said Sunday (1/7/2018). BTN's optimism is based on loosening the loan-to-value ratio (LTV) that will be released by Bank Indonesia. BI is targeting the rules to be out by the end of August 2018.
One of the points highlighted is the flexibility in terms of mortgage advance because it is entirely left to the internal rules of the bank. Note, based on the latest LTV rules published by BI in 2016, buyers must pay a deposit of at least 15% of the value of the building. In addition, BI will give priority to potential buyers for the first time
With the various flexibilities provided by Bank Indonesia, Budi insists that his party will not reduce the level of prudence
"We are therefore optimistic 38 % will be achievable, "he added.
In addition, Budi explained that easing the LTV is one of the incentives needed for banks to further advance their real estate or mortgage business. Especially considering the important role of property for national economic growth.
However, Budi said, there are several other factors beyond LTV that in the future should also be a concern. Such as the speed and ease of handling the legality of the case and the legality of the land and other permits in the property field.
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