BBTN - Records 50% growth in online mortgage demand

BBTN - Records 50% growth in online mortgage demand The home ownership credit (KPR) segment is still an opportunity for banks to boost credit. For this reason, banks continue to expand their wings to reach the KPR market both conventionally and digitally. As a leading home credit bank, Bank Tabungan Negara Tbk (BBTN) has an online BTN KPR feature through the BTN Properti platform. BTN Director Andi Nirwoto said that the number of debtors applying for online credit reached almost 18,000 as of June 2024, or increased by 50%. BTN, as a pioneer of online KPR, has recorded significant growth since the online KPR application feature was first launched in 2016. Latest data in 1H24 shows that almost 9,000 credit applications have successfully obtained credit approval through the BTN digital platform, with a total credit limit disbursed reaching more than IDR1.7 tn. This figure shows success in developing the online KPR platform system. In the mortgage process, the ticket size for mortgages at Bank BTN can vary depending on the mortgage product chosen, the bank's internal policies, and applicable market policies. However, it can be described that the range of mortgage ticket sizes offered by Bank BTN is in accordance with the existing credit service segmentation. (Source : Kontan)