Video: For the People, Prabowo Extends Mortgage Tenure to 40 Years

Jakarta, CNBC Indonesia - President Prabowo Subianto has emphasised that the government will soon disburse people’s business credit with a maximum loan interest rate of 5% per year. This measure is intended to broaden funding access and enhance the welfare of small-scale citizens. In addition, the government is opening options to extend mortgage tenures to 40 years. According to President Prabowo Subianto, this policy is expected to allow the public to own personal homes, rather than merely renting.