November 17, 2025 | 09:48 pm
TEMPO.CO, Jakarta - Indonesia's Minister of Economic Affairs Airlangga Hartarto announced that the Housing Credit Program (KPP) will receive funding of up to Rp130 trillion in 2026. The program is designed to help Indonesians buy, build, or renovate homes at low interest rates.
Airlangga targets housing credit disbursements to reach Rp28 trillion in the first quarter of 2026.
“We hope that the initial stage, which we aim to complete in the first quarter, will reach around Rp 28 trillion,” he said at the Coordinating Ministry for Economic Affairs office in Jakarta on Monday, November 17, 2025.
To achieve this goal, he urged banks responsible for disbursement, especially state-owned banks, to prepare strategies for a smooth rollout. He also called on Danantara, Indonesia’s state investment agency, and the Ministry of State-Owned Enterprises to ensure the banking system is prepared to manage housing sector loans.
“Since this is a new program, there will certainly be further meetings,” he added.
Since its launch on October 21, 2025, the KKP program has disbursed Rp 492.13 billion as of November 15, 2025. Minister of Public Works and Public Housing Maruarar Sirait noted that disbursements came from nine government and private banks.
Private banks have led the disbursement. Bank Nobu tops the list with Rp280 billion, followed by BNI with Rp91.9 billion, BTN at Rp73 billion, Bank Artha Graha at Rp5 billion, and BPD DIY at Rp3 billion.
“This achievement shows that the government’s housing program under Mr. Prabowo has received a positive response,” Maruarar said.
Editor’s Choice: MSME Minister Confirms KUR Loans Under Rp100 Million Require No Collateral
Click here to get the latest news updates from Tempo on Google News
MSME Minister Confirms KUR Loans Under Rp100 Million Require No Collateral
6 jam lalu
The Minister of MSME stated that some KUR disbursing banks are still requesting collateral for loans up to Rp100 million.
Garuda Indonesia to Hold Extraordinary General Meeting of Shareholders on December 23
1 hari lalu
Garuda Indonesia recently completed an Extraordinary General Meeting of Shareholders to approve a capital injection of Rp23.67 trillion from Danantara
Jordan King Offers Three Strategic Projects to Danantara, Says CEO
1 hari lalu
The King of Jordan, Hasyimiah Raja Abdullah II bin Al Hussein, offered three strategic projects to Danantara, says CEO Rosan Roeslani.
Today's Top 3 News: Purbaya Talks of Whoosh Debt Burden Sharing Plan Between Gov't and Danantara
2 hari lalu
Here is the list of the top 3 news on Tempo English today.
Garuda Indonesia Pressed for Big Transformation Following Rp23.67tn Injection
2 hari lalu
Danantara is urging Garuda Indonesia to carry out a comprehensive overhaul following a capital injection of Rp23.67 trillion.
Minister Purbaya Seeks Role in Whoosh Train Debt Restructuring Talks with China
2 hari lalu
Finance Minister Purbaya Yudhi Sadewa asks to be involved in the negotiation of Whoosh debt to prevent substantial losses for the country.
Purbaya Talks of Whoosh Debt Burden Sharing Plan Between Gov't and Danantara
2 hari lalu
Finance Minister Purbaya acknowledged that the government is considering the Whoosh burden-sharing plan with Danantara
Danantara Aims for Garuda Indonesia's Full Fleet Operation by 2026
3 hari lalu
The Danantara Managing Director explained that the recent fund injection from Danantara into Garuda will be primarily allocated for maintenance.
Danantara Aims to Cut State-Owned Enterprises from Over 1,000 to 200
3 hari lalu
Danantara stated that the reduction is necessary due to the significant financial losses incurred by many SOEs.
Garuda Indonesia to Channel Half of Danantara's Capital Injection to Citilink
4 hari lalu
Garuda Indonesia's subsidiary, Citilink, will receive Rp14.9 trillion of the total capital injection from Danantara amounting to Rp23.67 trillion.
:strip_icc():format(jpeg)/kly-media-production/medias/5266416/original/075903700_1751001939-young-mother-playing-with-lovely-son-bedroom.jpg)
