BTN Lowers Mortgage Loan Interest To 2.65 Percent Along With BI Rate Easing

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Bank Tabungan Negara (Persero) Tbk (BBTN) has lowered its credit interest rate in line with the easing of the benchmark interest rate or BI Rate to 5.00 percent in August 2025.

President Director of BTN Nixon LP Napitupulu said the company had reduced interest funds or cost of funds twice this year.

"What is certain is that it has started to decline, we continue to push it down until the end of the year. We have decided twice on Alco (asset and liabilities committee or assets and liabilities commitments/Alco)," Nixon said at the Public Expose Live 2025, Wednesday, September 10.

Although subsidized mortgage interest cannot be lowered further because it has been set at 5 percent by the government, the company continues to make adjustments to other credit products

For commercial and corporate purposes, for example, said Nixon, credit for the two segments has long been at the single digit level. Meanwhile, for non-subsidized mortgages in the first 3-5 year period, the company provided low interest, from previously above 3 percent to 2.65 percent.

"In fact, we have a program today of 2.65 percent after using a new interest rate, yes, a fixed rate of 3 years," he said.

Meanwhile, BTN Finance & Strategy Director Nofry Rony added that his party is considering a number of factors in reducing credit interest rates. In addition to the benchmark interest rate, BTN also sees the bank's strategy in encouraging credit growth, facing competition and related to the bank's cost structure.

"Because the benchmark interest rate has dropped, we hope that the DPK interest rate (third party funds) will also decrease, so that we can lower the credit interest rate," he said.

As for the first semester of 2025, BTN has disbursed loans and financing of IDR 376.11 trillion, up 6.8 percent yoy. Housing loans were recorded at IDR 317.77 trillion, up 6.2 percent yoy, while non-residential loans grew 10.5 percent to IDR 58.34 trillion.

The increase in credit boosted BTN's interest income by 23.5 percent yoy to Rp18.50 trillion as of June 2025. Net interest income rose 55.1 percent yoy to Rp9.34 trillion with a net interest margin (NIM) of 4.4 percent.

For this achievement, BTN managed to record a net profit of IDR 1.7 trillion at the end of the first semester of 2025, double-digit growth of 13.6 percent yoy compared to the same period last year of IDR 1.5 trillion.

In terms of funding, the BTN DPK grew 11.2 percent yoy to Rp406.38 trillion. This growth was supported by low-cost funds (CASA) collected from the retail and institutional segments.