BI Interest Rate Already Cut, But Housing Loan Interest Rates Haven't Fallen

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Erlina Fury Santika 21/08/2025 16:52 WIB

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Bank Indonesia (BI) has cut its benchmark interest rate four times since the beginning of 2025. However, since the May 2025 cut, the large Indonesian banks' mortgage interest rates (SBDK KPR) have no

Base Rate Percentage for Indonesian Rupiah Consumption Mortgage (KPR) Loans from 5 Banks in Indonesia (May-July 2025)*

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BI Interest Rate Already Cut, But Housing Loan Interest Rates Haven't Fallen

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Base Rate Percentage for Indonesian Rupiah Consumption Mortgage (KPR) Loans from 5 Banks in Indonesia (May-July 2025)*

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Bank Indonesia (BI) has cut its benchmark interest rate by 25 basis points (bps) to 5% in August 2025.

A 25 bps reduction was also applied to the deposit facility rate, bringing it to 4.25%, and the lending facility rate, to 5.75%.

This decision marks the fourth cut since the beginning of 2025. These cuts occurred in January 2025, May 2025, July 2025, and August 2025, each involving a 25 bps reduction.

According to Kompas, this reduction in the benchmark interest rate and the lower guarantee interest rate is expected to trigger a decrease in lending rates.

Ideally, therefore, a decrease should also occur in the home ownership loan (KPR) segment. KPR interest rates are based on the base lending rate (SBDK) issued by banks to customers.

According to Databoks' monitoring, despite the reduction in the benchmark interest rate, the SBDK of major Indonesian banks has not decreased from May to August. These major banks include Mandiri, BCA, BRI, and BTN. Data for BNI is unavailable as its website was inaccessible today.

The highest SBDK is from Bank Mandiri, with a KPR/KPA (apartment) rate of 12.5% per annum, effective May 31, 2025. This figure remains unchanged from April 30, 2025.

Next is BRI, at 10%, effective July 1, 2025. This figure is also unchanged from May 1, 2025.

BCA follows with a KPR SBDK rate of 9.39%, effective July 31, 2025. This figure actually increased from the May 31, 2025 rate of 9.35%.

Finally, BTN's rate is 8.04%, effective August 1, 2025. This is unchanged from the May 1, 2025 rate.

(Read: Mortgage Interest Rates of 5 Major Indonesian Banks until May 2025)

Editor : Erlina Fury Santika

"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."