LTV Leeway for Home Increased growth of KPR – VIVA

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VIVA – Bank Indonesia claims that the 19459006 loan for the value of the property or the mortgage is able to encourage larger mortgages in December 2018, or 13.46% at 14%. Filianingsih Hendarta, Deputy Governor of BI's Department of Makroprudential Policy, explained that although it may overtake the May 2018 position of 12.75%, the impact can be reached after three quarters since the 39, entry into force of the policy in August 2018. "This does not necessarily mean that banks have to prepare, so we see that it will take time, so according to the elasticity of credit growth, this will be perceived or felt over the next three quarters, "said Filianingsih. Jakarta, Monday, July 2, 2018.

He mentioned, he is also supported by the younger age dominance that is currently increasing in the KPR hold. The share of ownership of 26-35 year old home loans continues to increase.

"Changes in the behavior of mortgage borrowers in some types, young debtors now dominate mortgages for the type of house 22-70 m2, apartments or flat 22-70 m2 and apartments or ] apartments less than 21 m2 while mortgage shares owned by debtors aged 36-45 have declined since 2014. "

" GDP growth could be 0, 04% of its contribution, this year. "I am confident that the growth of the mortgage loan through the relaxation of the LTV policy will contribute to gross domestic product (GDP) to reach 0.04%

(19459006) Well The banks also after the consolidation of course manage the banks This possibility of NPL ( non-performing loan ) is under control, "he said. [196590] 06] In the past, Bank Indonesia has relaxed its LTV policy for mortgages and real estate development. The policy is that people who want to buy the first house can start paying without a down payment, depending on the policy of each bank.

Deputy Governor of the Indonesian Bank Erwin Rijanto explained that this policy can not be considered the policy of zero rupiah DP. He baderted that for the first buyer, the provision of advances is left to the respective risk management of the bank.

However, it is reaffirmed that there are several conditions for the use of such provisions, namely the bank rate with net NPL ] less than five percent. In the meantime, the second requirement is that the ratio of the real estate financing in question to the gross total should also be less than five percent.

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