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CIMB Niaga, Ciputra team up to in boosting housing loans
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Visitors talk to a marketing staff member during the Indonesia Property Expo 2015 at the Jakarta Convention Center. (JP/Ricky Yudhistira)
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rivate lender CIMB Niaga announced on Wednesday its collaboration with major property developer Ciputra Group to offer customers attractive interest rates on housing loans (KPR) in a bid to spur credit growth in the property sector.
The new cooperation is hoped to boost CIMB Niaga’s loan disbursement in the property sector for the first quarter of 2017. As of the end of last year, the company had disbursed Rp 23.9 trillion (US$1.79 billion) in housing loans.
(Read also: CIMB Niaga seeks to improve asset quality in 2017)
Through the collaboration, CIMB Niaga will offer prospective customers fixed interest rates starting from 5.5 percent for three years to 7.57 percent for five years. These offers – which will last until March 31 – are eligible for customers who purchase a property in one of 41 of Ciputra Group’s projects across the country, such as Citra Garden City in Jakarta, Citra Grand City in Palembang, South Sumatra, and Citra Garden Aneka in Pontianak, West Kalimantan.
“This attractive offer is one of CIMB Niaga’s efforts to support the government’s call to reduce lending rates, as well as the Bank Indonesia regulation regarding easing the loan to value (LTV) of property loans.” CIMB Niaga Head of retail banking products Budiman Tanjung said in a statement. (win/hwa)
