Sign up | Log in



Home  >>   Daily News  >>Indonesia>>Finance>>BTN eyes mortgages for foreigners
NEW UPDATES Asean Affairs   17 February  2016  

BTN eyes mortgages for foreigners

Bank Tabungan Negara (BTN), the biggest mortgage provider in Indonesia, plans to launch a specialized mortgage product for foreigners this year, after the government relaxed regulations on foreigners owning property.

The state-owned bank will kick off a limited mortgage program for foreign clients looking to buy apartments. Currently, the bank is studying the loan requirements for serving foreign clients.

"We have the chance to provide mortgages for foreigners. We expect the product to be launched this year," BTN retail funding and distribution director Sis Apik Wijayanto told on Monday.

However, he added, BTN would apply a commercial rate for foreign mortgage holders, rather than the interest rate used for public housing loans (KPR). BTN currently charges a commercial rate of around 12 to 12.5 percent for loans with one-year maturity.

"We will charge a commercial rate for foreigners because the KPR rate is aimed at the middle-low segment," Sis explained.

BTN has focused on the middle-low segment for decades. Amid economic slowdown in 2015, the bank increased its net profit by 62 percent year-on-year (yoy) to Rp 1.85 trillion (US$138.2 million).

In the same period, the bank’s disbursed loans rose 19.8 percent (yoy) to Rp 139 trillion; 89.9 percent were mortgages.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           February 17, 2016 Subsribe Now !
• New products attract high export demand Subcribe: Asean Affairs Global Magazine

• More economic integration needed for prosperous ASEAN, says PM Lee
• BTN eyes mortgages for foreigners
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

 • PTT mulls foray into local retail propane market
Siemens sees low energy prices as incentive for growth
Asean Analysis                   February 10, 2016
• Asean Analysis February 10, 2016
Vietnam’s Foreign Policy after the 12th National Party Congress: Expanding Continuity
Advertise Your Brand

Asean Stock Watch February  16, 2016
• Asean Stock Watch-February 16, 2016
The Biweekly Update
• The Biweekly Update January 25, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand