Bank BSN Launches Mortgage Programme for Informal Workers
PT Bank Syariah Nasional (Bank BSN) has launched the BSN Siap KPR programme to widen access to housing finance for low-income communities (MBR), particularly informal sector workers. The programme emphasises building a banking transaction record through a habit of saving before prospective borrowers apply for a home ownership loan (KPR).
Bank BSN President Director Alex Sofjan Noor said the company had been allocated a quota of 73,700 subsidised KPR units for 2026, an increase of around 34.8 per cent compared with the previous year’s realisation of 54,700 units.
“The housing sector is one of BSN’s main strengths and identities. This year’s quota of 73,700 units reflects the great responsibility and, at the same time, the trust placed in BSN to support the national housing programme,” Alex said at the launch of the BSN Siap KPR programme in Jakarta on Friday (24/7/2026).
Alex explained that many informal workers cannot access KPR not because they are unable to afford the instalments, but because they lack a sufficient transaction record to be deemed creditworthy by banks.
Through the programme, prospective borrowers are guided to save regularly for three to six months via Bank BSN’s digital application as an effort to build a financial track record while improving financial literacy.
By the end of 2026, Bank BSN targets the programme to reach around 1,000 prospective borrowers from housing developers that are partners of the company.
Alex said the strategy also targets the potential of low-income communities who have not been served by banking services. As of June 2026, Bank BSN’s KPR financing realisation had reached around 82 per cent of its annual target.
Director General of Urban Housing at the Ministry of Housing and Residential Areas (PKP), Sri Hartati, considered the scheme capable of helping to expand access to housing finance for informal sector workers amid a homeownership backlog reaching 9.97 million households, according to the National Socioeconomic Survey (Susenas) conducted by Statistics Indonesia (BPS).
“Informal sector workers are given the opportunity to save first, so from the banking side the quality of credit can be assured and the risk of non-performing loans (NPL) mitigated. This is an excellent breakthrough so that informal workers can genuinely be pushed towards accessing subsidised housing,” Sri said.
Sri said the target for Bank BSN’s subsidised landed-house KPR disbursement in 2026 is 69,636 units. As of mid-July 2026, realisation had reached 29,309 units, or around 42.09 per cent of that target.
Meanwhile, BP Tapera Commissioner Heru Pudyo Nugroho said the government continues to work on resolving obstacles on both the demand and supply sides of housing. One effort is the policy stipulating that credit records in the Financial Information Service System (SLIK) for loans of up to Rp1 million are no longer an obstacle to applying for subsidised KPR.
“The partnership with Bank BSN is being continuously optimised. On the regulatory side, the problem of small SLIK loans has been resolved. Next, together with the PKP Ministry, we are working on a KPR scheme for urban high-rise housing with tenors of up to 40 years for low-income communities earning below Rp4 million,” Heru said.