{
    "success": true,
    "data": {
        "id": 1766724,
        "msgid": "ministry-of-housing-and-settlement-40-year-subsidised-mortgage-scheme-aids-citizens-1779920126",
        "date": "2026-05-26 19:00:05",
        "title": "Ministry of Housing and Settlement: 40-Year Subsidised Mortgage Scheme Aids Citizens",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Social Policy",
        "summary": "The Ministry of Housing and Settlement has introduced a 40-year option for subsidized mortgages, offering flexible repayment terms from 10 to 40 years to lower monthly costs. This initiative, following President Prabowo's directive, aims to make homeownership accessible for low-income groups. The scheme is currently being finalised with stakeholders before official implementation.",
        "content": "<p>The Ministry of Housing and Settlement (PKP) has revealed that a\nflexible 40-year subsidized mortgage loan scheme can assist citizens in\nowning homes.<\/p>\n<p>\u2018President\u2019s directive for a people-friendly 40-year KPR is clear;\nthis structure lowers monthly repayments. The public is given\noptions\u2014again, options. The choices range from 10, 20, 30, to 40 years,\u2019\nsaid Sri Haryati, Director General of Urban Housing at the Ministry of\nHousing and Settlement, in Jakarta on Tuesday.<\/p>\n<p>Currently, Sri noted, the 40-year flexible mortgage scheme is under\ndiscussion with the People\u2019s Housing Savings Management Agency (BP\nTapera) and banks.<\/p>\n<p>\u2018Minister PKP always instructs us to consult all\nstakeholders\u2014particularly the public, banks, and developers\u2014when\ndrafting regulations. We\u2019ve done this repeatedly to ensure smooth\nimplementation once the rules are issued,\u2019 she added.<\/p>\n<p>The 40-year scheme is optional and tailored to citizens\u2019\ncapabilities, meaning individuals will select based on their financial\ncapacity.<\/p>\n<p>\u2018When I see my salary, there\u2019s the ability to repay. Banks will also\nassess this. Now, we\u2019ve opened up the option for up to 40 years,\npotentially reducing repayments to around Rp700,000,\u2019 Sri explained.<\/p>\n<p>She stated the scheme will greatly assist those previously unable to\ndream of homeownership, as the 40-year subsidized mortgage option now\nmakes it feasible.<\/p>\n<p>Minister of Housing and Settlement Maruarar Sirait (Ara) confirmed\nthe government is preparing regulations for a 40-year subsidized housing\nmortgage scheme as per President Prabowo Subianto\u2019s directive.<\/p>\n<p>Ara said the government is currently conducting simulations and\npreparing supporting regulations before officially announcing the\nlong-term tenor policy.<\/p>\n<p>He stressed the 40-year option would be voluntary, allowing citizens\nto choose shorter terms based on their affordability and needs.<\/p>\n<p>He explained that citizens retain the option to select 10, 20, or\n30-year terms, ensuring payment flexibility remains a priority in the\npolicy.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ministry-of-housing-and-settlement-40-year-subsidised-mortgage-scheme-aids-citizens-1779920126",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}