Jamkrindo Facilitates Housing Loans for Employees

By : Herry Barus And Aldo Bella Putra | Monday, September 10 2018 - 17:00 IWST

Dirut Perum Jamkrindo, Randi Anto bersama Menteri BUMN Rini Soemarno
Dirut Perum Jamkrindo, Randi Anto bersama Menteri BUMN Rini Soemarno

INDUSTRY.co.id - Jakarta - The Indonesian Public Credit Guarantee Company (Perum Jamkrindo) facilitates its employees in the housing finance program in collaboration with PT BRI Multifinance Indonesia and PT Sarana Multigriya Finansial (Persero).

"All employees can take part in the program, only adjusted to the ability of installments. The number of loans is also flexible," said Director of Public Corporation Jamkrindo Randi Anto at the program launch event in Jakarta, Monday (09/10/2018)

Randi revealed that currently the number of employees at Jamkrindo is around 1,100 employees. Until the end of September 2018, he estimated that there would be 15 borrowers utilizing the facility.

Jamkrindo Guarantee Business Director, Amin Mas'udi, said that all Jamkrindo employees could obtain credit financing facilities with a housing finance ceiling of Rp700 million with an interest fix for 20 years.

Amin explained that the ceiling and the imposition of fixed interest rates of up to 20 years are more interesting because generally conventional financing imposes a fixed interest for only a few years, then following the market interest rate. In addition, the debt to service ratio (DSR) can reach 40 percent of take home pay.

"This is higher than the DSR that is commonly applied in housing loans, which is 30 percent of take home pay," he said.

In addition to a maximum financing ceiling of Rp. 700 million, employees who use this facility can choose the desired ownership of the building, whether the site is ready for habitation or the apartment is ready to occupy.

Jamkrindo employees are also free to choose financing proposals for buildings in any location throughout Indonesia. The installment payment process is also easier because of the salary cut scheme by the company.

 "With this collaboration housing needs for employees can now be fulfilled. We are optimistic that this will have a positive impact on the company's performance," Amin said.

In the same occasion, SMF President Director Ananta Wiyogo hoped that access to home ownership for all Jamkrindo employees could be applied and utilized in other institutions in the future.

"Through this collaboration we hope that this product can also be applied by various parties so that it can enable the realization of decent and affordable home ownership," he said

News Comment

Today's Industry

Rena Chua, Bug Bounty Advisor at HackerOne (Photo by Linkedin)

Kamis, 06 Agustus 2020 - 18:15 WIB

Securing More with Less — How to Maximise Security Coverage while Reducing Costs Usings Hacker-Powered Security

Remember those days, pre-pandemic, when you thought your security scope was complex? But now, with employees working from home, new video and collaboration apps being rolled into daily workflows,…

Trisha Paine, Head of Cloud Marketing Programs, at Check Point Software Technologies

Kamis, 06 Agustus 2020 - 17:30 WIB

Striving to Achieve High Fidelity Cloud Security

Several attributes make posture management a particularly challenging component of maintaining cloud security. For starters, you cannot secure or scale a rapidly growing quantity and variety…

Luke Tucker, Senior Director of Community at HackerOne (Photo by Linkedin)

Rabu, 05 Agustus 2020 - 22:00 WIB

Security Engineers by Day, Hackers by Night – An Interview with Two of Singapore’s Top Ethical Hackers

Over the years, the perception of the term “hacker” has changed. Once seen as only criminals, there are now over 800,000 registered security professionals on HackerOne, the world’s trusted…

Patrick Carey, Director of Product Marketing, Synopsys (Photo by Linkedin)

Rabu, 05 Agustus 2020 - 21:45 WIB

Developers are Not Security Experts, but They can be with The Right Tools

Software has revolutionised the way in which we work, live and play. This is particularly true in the realm of software security, as development teams are releasing code faster than ever before.

Darrell Adams, Head of Southeast Asia & Oceania, Universal Robots (Photo by LinkedIn)

Rabu, 05 Agustus 2020 - 21:25 WIB

5 Reasons Why You Need Collaborative Automation For Today's World

The benefits of collaborative automation are undisputed – more profitability, productivity, flexibility, higher quality and even more employee satisfaction.