BTN Boss Confesses To DPR Subsidized Mortgage Rates Still Very Low

President Director of BTN Nixon LP Napitupulu. (Photo: ANTARA)

JAKARTA - PT Bank Tabungan Negara (Persero) Tbk (BBTN) or BTN asked the DPR RI to encourage the government to increase interest rates for Housing Financing Liquidity Facilities (FLPP) at Home Ownership Loans (KPR).

The reason is, the FLPP interest rate currently pegged is still considered too low.

President Director of BTN Nixon LP Napitupulu explained that currently the FLPP interest rate is only 5 percent.

According to him, the interest rate is a challenge because BTN is one of the banks that provides housing financing.

"We have also conveyed this to the government and we heard that it is in the process of being adjusted, namely the FLPP interest rate which we think today is still very low, which is 5 percent," Nixon said at the Hearing Meeting (RDP) with Commission VI at the Parliament Complex, Senayan, Jakarta, quoted Friday, August 22.

Nixon proposed that the FLPP interest rate be between 6-7 percent with a record increase in credit tenors of two to five years.

Thus, he considered, the amount of FLPP installments could be reduced by around Rp. 30,000 per month.

"We have spoken with the government, hopefully there will be a green light we propose between 6-7 percent," he said.

Dia menambahkan, sumber dana FLPP saat ini berasal dari Anggaran Pendapatan dan Belanja Negara (APBN) dan pinjaman PT Sarana Multigriya Finansial (SMF) sebesar 25 persen. Nixon juga meminta suku bunga pinjaman dari SMF tersebut diturunkan.

"Ini kami juga sedang mengusulkan agar suku bunganya di-adjust turun karena suku bunga yang di-charge ke customer hanya 5 persen, sementara kami harus bayar ke SMF 4,45 persen. Jadi, sama-sama lembaga pemerintah, tapi kami mintakan agar mereka juga mampu menyesuaikan penurunan suku bunga yang kami rasakan cukup mahal untuk pembiayaan FLPP," pungkasnya.

He added that the source of FLPP funds currently comes from the State Revenue and Expenditure Budget (APBN) and PT Sarana Multigriya Finansial (SMF) loans of 25 percent. Nixon also asked for the loan interest rate from the SMF to be lowered.

"We are also proposing that the interest rate be adjusted down because the interest rate charged to the customer is only 5 percent, while we have to pay it to SMF 4.45 percent. So, both government agencies, but we ask them to also be able to adjust the decrease in interest rates that we feel are quite expensive for FLPP financing," he concluded.