Three out of ten households choose to pay their mortgages in installments.

Finance
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Yosepha Pusparisa 31/08/2020 13:22 WIB
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Home Loan Installment Duration (2019)
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In 2019, 3 out of 10 Indonesian households purchased a home using a Home Ownership Loan (KPR) installment plan. The most common loan repayment period was 11-15 years, accounting for 47.78% of households.

Besides 11-15 years, a number of households also opted for a 6-10 year repayment period, representing 34.35% of households. Conversely, only 1.23% of households chose a repayment period exceeding 20 years.

Households in both rural and urban areas tended to purchase homes from non-developers, with approximately 6.44% choosing this route. Meanwhile, only 4.76% of households decided to buy from developers.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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