BTN's KPR lending rates

BTN's KPR lending rates

From Kompas

The declining interest rate on Bank Indonesia's promissory notes (SBI) have not been followed by the banking sector. The lending rates on general loans and house mortgage loans (KPR) remain high, while the interest on deposits has decreased considerably.

In this case, I would like to appeal for the attention of the minister of finance and the minister of resettlement and regional infrastructure, particularly regarding the high KPR lending rates for the lower to middle-income groups.

State savings bank BTN has fixed its lending rates on various types of modest housing units, ranging from 18 percent to 20 percent a year. A private bank has been able to lower its lending rate from 20 percent to 17 percent, while BTN cannot do so.

Members of commissions IV and IX of the House of Representatives should study Malaysia, which has been able to provide subsidies for people to buy houses.

Efrizal

Pati, Central Java