PT Bank Tabungan Negara (Persero) Tbk (BTN) has stated that the banking sector is capable of implementing a 40-year tenor for the Government-backed Mortgage Loan (KPR FLPP). This initiative aims to extend the repayment period for home ownership financing beyond the current standard terms.
The proposal to lengthen the mortgage tenure is intended to assist prospective homeowners by potentially lowering monthly installment payments. By spreading the loan repayment over four decades, the bank aims to increase the accessibility of home ownership for the public while maintaining the operational viability of the financing program.
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