TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
The Jakarta Post
President Joko “Jokowi” Widodo (right), State-Owned Enterprises Minister Rini Soemarno (left) and state-lender BTN president director Maryono inspect low-cost houses in Balikpapan, East Kalimantan, on July 13. (Antara/Suryo)
State-owned lender Bank Tabungan Negara (BTN) is offering loans for low-cost homes in Pekanbaru in a bid to support the government’s 1 million homes program.
The loans come with a fixed interest rate of 5 percent with a 20-year repayment term and 1 percent down payment.
BTN president director Maryono said low-income people could own houses through the company’s subsidized housing loan scheme.
“After Balikpapan, we again offer [loans for] low-cost housing in Pekanbaru,” he said on Sunday as quoted by tempo.co.
The loans are only for housing in two residential complexes in Pekanbaru -- Griya Setia Bangsa (1,163 houses) and Griya Setia Nusa (963 houses).
This year, BTN sets a target to disburse loans for 504,122 subsidized homes. The bank also aims to disburse loans for non-subsidized housing construction and non-subsidized housing for 161,878 homes. (win/bbn)
