The government is preparing regulations for a home ownership loan\n(KPR) scheme with terms of up to 40 years. This was confirmed in\naccordance with directives from President Prabowo Subianto.<\/p>\n
Minister of Housing and Settlement Areas (PKP) Maruarar Sirait (Ara)\nstated that simulations and preparations for various supporting\nregulations are being conducted before the long-term tenor policy is\nofficially announced to the public in the near future.<\/p>\n
\u201cWe are preparing it. We are simulating and preparing it. In due\ntime, we will convey it to the public,\u201d said Ara when met after a\nmeeting with Bank BSN President Director Alex Sofjan Noor, which\ndiscussed subsidised housing financing in Jakarta, on Wednesday, 13 May\n2026.<\/p>\n
She revealed that discussions on the 40-year KPR tenor scheme are\nbeing conducted intensively, including through meetings held with\nrelevant parties in recent days. The policy is a direct directive from\nthe President, so the government\u2019s current focus is no longer on\ndiscussing the concept, but on ensuring its implementation is effective\nand on target.<\/p>\n
\u201cLast time, we had a meeting three days ago, on Friday night, late at\nnight we (met). Later, in due time, we will announce it. (The policy\nplan) is not for discussion, but for implementation,\u201d she said.<\/p>\n
The government, she continued, is still listening to input from\nvarious parties in the housing ecosystem, such as banks, developers,\nconsumers, and the National Housing Savings Management Agency (Tapera).\nAra emphasised that the 40-year tenor scheme will be optional, so the\npublic can still choose shorter terms according to their abilities and\nneeds.<\/p>\n
Furthermore, she explained that the public will still have the option\nto choose 10-year, 20-year, or 30-year terms, so payment instalment\nflexibility remains a concern of the government in the policy. The long\ntenor is deemed suitable for young people such as new civil servants or\nmembers of the TNI and Police who are just starting their careers and\nneed light instalments.<\/p>\n
She added that the scheme allows debtors to change the loan tenor in\nthe middle of the instalment period, so the public can still accelerate\nrepayment according to their respective financial capabilities.<\/p>\n
Ara also assured that the public will be allowed to repay the credit\nfaster if their financial condition permits, without being fully bound\nby the initial loan tenor.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/home-ownership-loans-with-terms-up-to-40-years-to-be-introduced-1778694729", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }