Facilitating Residential Ownership, Bank Mandiri Optimizes FLPP Distribution For Low-Income Communities

Photo: Doc. Bank Mandiri

Bank Mandiri continues to strengthen its commitment to supporting the fulfillment of community housing needs through the distribution of Home Ownership Loans (KPR), both for subsidies and non-subsidized segments. Especially for Low-Income Communities (MBR), Bank Mandiri also plays an active role in distributing mortgages with the Housing Financing Liquidity Facility (FLPP) scheme, as an effort to help people access decent and affordable housing ownership.

In line with the government's efforts to reduce the backlog number of housing supplies, until the end of August 2024 Bank Mandiri has distributed 3,534 KPR units with FLPP schemes. Bank Mandiri SVP Consumer Loans Dessy Wahyuni stated that this achievement grew 75 percent year on year (yoy) year on year (YoY), with optimal credit quality maintained.

"As agents of change and government partners, we welcome and support the government's plan to increase the 2024 FLPP quota by 34,000 units. We assess that the property sector has the potential to have a multiplier effect in spurring national economic growth," Desy said in a written statement, Friday, September 27.

The bank coded BMRI issuer assesses that the demand for the FLPP mortgage market continues to grow every year. Therefore, the bank with the gold ribbon logo has prepared a series of strategies and collaborations to encourage the distribution of this property financing.

In addition, the increase in distribution of FLPP mortgages will continue with a focus on strengthening housing supply. Also expanding demand which is not only in the Fix Income (Pegawai) segment but also in the Non-Fix Income segment, which has very large potential.

"This is of course in accordance with Bank Mandiri's vision which is committed to presenting integrated business solutions that can serve financial needs in every phase of society," said Dessy.

Together with BP TAPERA as the coordinator of the FLPP program, Bank Mandiri hopes that the distribution of FLPP in 2024 can run well and create sustainable distribution until 2025. In realizing this, Bank Mandiri also uses digital platforms to market mortgages and provide adaptive and Solutive transaction innovations for the community through the Livin' KPR feature at Super Apps Livin' by Mandiri.

"This is of course in accordance with Bank Mandiri's wishes, which aims to be the top of the mind of all banking service solutions in all levels of society. In addition, Bank Mandiri also aims to become urban banking that can serve financial needs and provide integrated business solutions," he explained.

As for August 2024, Bank Mandiri has distributed KPR worth IDR 64.2 trillion. This value grew 16.4 percent yoy from the position in August 2023 of IDR 55.1 trillion.

Not only that, welcoming the 26th Anniversary, Bank Mandiri has also prepared a Non-FLPP Prosperous KPR program to continue to support the distribution of housing for the MBR segment with interest rates and affordable credit fees with interest rates starting at 7.50 percent fixed 10 years. As for mortgages, customers can enjoy special provision fees for the anniversary to 0.26 percent and special admin fees for the Anniversary 0.026 percent.