BRI Launches Special Mortgage Program for New Homebuyers

Competitive Interest Rates for Qualified Borrowers

Bank Rakyat Indonesia (BRI) has introduced a special mortgage program as part of its 130th anniversary celebration, offering highly competitive interest rates for new home purchases. The program is specifically designed for properties acquired through BRI's partnered developers and features various attractive fixed-rate options.

Key Features of BRI's Special Mortgage Program

1. Competitive Fixed Rates:

   • 1.30% fixed for 1 year (minimum 3-year tenor)
   • 3.30% fixed for 3 years (minimum 12-year tenor)
   • 5.30% fixed for 5 years (minimum 15-year tenor)
   • 7.00% fixed for 3 years (minimum 5-year tenor)

2. Eligibility Criteria:

   • Must be a BRI payroll customer
   • Property price must be below Rp 1 billion
   • Maximum tenor: 25 years for fixed income, 20 years for non-fixed income

3. Program Benefits:

   • Protection from market rate fluctuations during fixed period
   • Lower initial monthly installments
   • Available for new home purchases from BRI's partnered developers

Strategic Significance of the Program

This special mortgage program represents BRI's strategic effort to boost housing demand while making homeownership more accessible to middle-income consumers. By offering competitive rates and flexible terms, BRI aims to stimulate the property market while maintaining prudent lending standards.

The program's focus on BRI payroll customers also serves to deepen the bank's engagement with existing corporate clients while attracting new retail customers. With Indonesia's housing market showing continued demand, particularly in the affordable segment, this initiative positions BRI to capture significant market share in the mortgage sector.