BTN Has Disbursed Rp 7.4 Trillion in Housing Programme Credit
PT Bank Tabungan Negara (Persero) Tbk (BTN) has cumulatively disbursed Rp 7.4 trillion in Housing Programme Credit (KPP) since the programme’s launch. This achievement consists of Rp 5.4 trillion for the supply side and Rp 2.0 trillion for the demand side.
BTN Corporate Banking Director Helmy Afrisa revealed that through these two schemes, the financing reaches both the housing provision side and productive communities in need of housing finance support.
“We have collaborated extensively with MSMEs, including developers, building material stores, and contractors (supply side distribution). Additionally, we have several existing customers who are entrepreneurs on the KPP demand side,” said Helmy following a KPP Socialisation event at Menara BTN, Jakarta.
As is known, KPP supply can be utilised by developers, contractors, and building material traders with a credit ceiling of up to Rp 5 billion. Meanwhile, KPP demand provides financing of up to Rp 500 million for individual MSMEs to purchase, build, or renovate houses to support business activities.
Helmy stated that the potential for KPP growth remains wide open. In the Jakarta and surrounding areas, BTN recorded 353 interests with a total ceiling of Rp 424.944 billion, consisting of 57 KPP supply interests worth Rp 288.970 billion and 296 KPP demand interests worth Rp 135.974 billion.
According to him, the high level of interest indicates that the need for housing finance comes from various sectors. The company will continue to strengthen collaboration with the government, developers, contractors, building material stores, and MSME players so that the benefits of KPP can reach more people.
Helmy noted that strengthening KPP is also part of BTN’s efforts to leverage the housing ecosystem built by the company to create a broader economic impact.
“For productive communities, a house is not just a place to live, but can also serve as a place of business and an asset that supports the increase of family income. Therefore, we want housing finance to contribute to business activities, increase productivity, and drive community welfare,” said Helly.
Meanwhile, the Minister of Housing and Residential Areas (PKP), Maruarar Sirait, appreciated the implementation of KPP, which is considered an instrument to encourage MSME players within the housing ecosystem to move up the value chain.