Credit Interest Down, Mortgage Demand Increasing

Trimming interest hoist the demand for home ownership credit (KPR). Bankers optimistic, the distribution of mortgages will grow rapidly in the fourth quarter. Some banks claim mortgage applications flooded early third quarter.

Mortgage demand surge experienced by one of PT Bank Permata Tbk. "Crawl up from July until now," said Rosalia Abadi, Head Mortgage PT Bank Permata, Wednesday (28/10). Channeling Mortgage Bank Permata has reached Rp 5.5 trillion as of end of September.

Rosalia added, demand began to increase after the Bank Permata cut . "Cutting rates to lure customers to invest in property," he said.

Bank Permata is currently set mortgage rates in the range 10.5% to 11% per year. The range of interest had been down compared to earlier years of 13% -14%.

Mortgage Demand in PT Bank Tabungan Negara (BTN) also flowed freely. "If you look at current conditions, credit growth targets until the end of the year amounted to Rp 40.98 trillion, can be achieved," said Deputy Director BTN, Evi Vishwanathan. As of end of September, outstanding BTN Rp 38.12 trillion.

This achievement exceeds expectations. "Throughout this year there are at least disbursement of Rp 16 trillion," said Evi. From the target, KPR BTN has channeled more than Rp 13 trillion.

Current mortgage interest rate peg BTN approximately 12%. This figure is down from earlier years still ranges between 14% to 15%.

While mortgage loans in Bank CIMB Niaga sepesat not its competitors. Per end of September 2009, Bank Niaga outstanding amounted to Rp 12.4 trillion, tends to the flat from the end of June 2009, Rp 12.5 trillion.

In fact, if calculated on an annual basis, this figure is 6.76% lower compared with the September 2008 position of Rp 13.3 trillion. "Distribution of the low in the early years because the interest is still 13% -14%," said Vice President Director of Bank CIMB Niaga D. James Rompas. Currently, mortgage interest CIMB between 9.9% to 12%.

KOMPAS.