Restructuring Subsidised Housing Loans (KPR) Impact of Covid-19 on Bank BTN Bandar Lampung

DOI

10.2991/978-2-38476-046-6_21How to use a DOI?

Keywords

Housing Loans; Subsidies; covid 19; restructuring

Abstract

Housing needs are basic human needs such as for living and socializing. House also functions as a place live a pleasant life, resort, family gatherings, and a social status. In providing mortgages, currently there are many financial institutions that provide home ownership services. One of them is the State Savings Bank (BTN) Indonesia in Bandar Lampung. Housing subsidy is a loan intended for lower-middle income people to meet housing needs or repair houses that they already have. Forms of subsidies given are: interest difference subsidies, additional development funds, repairing houses. Fulfilling housing needs became a big problem during the COVID-19 outbreak, because in the process of ownership of the house, it was dominantly done by means of credit. Due to the COVID-19 pandemic, there are many debtors got constrained in paying their home loans. It is in this context that this research becomes important to be discussed and explained in depth. The research method applied in this study is normative research, then a qualitative descriptive analysis is carried out, by describing the data obtained through legal interpretation both grammatically and or other legal interpretations so that they can be interpreted clearly. The object research is restructuring implementation in financing arrears settlement on housing loans at Bank BTN in Bandar Lampung due to COVID-19. Efforts to restructure non-performing financing are carried out by making an addendum to the contract as described in this study, which is a form of bank effort as a creditor to its customers (debtors) affected by covid-19 in accordance with the Presidential Instructions. A derivative of the presidential instruction of the Financial Services Authority (OJK) issued a regulation in POJK Number 11/POJK.03/2020 concerning the stimulation of the national economy as a countercyclical policy due to the impact of the spread of the corona virus disease.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Heri Kurniadi
PY  - 2023
DA  - 2023/05/02
TI  - Restructuring Subsidised Housing Loans (KPR) Impact of Covid-19 on Bank BTN Bandar Lampung
BT  - Proceedings of the 3rd Universitas Lampung International Conference on Social Sciences (ULICoSS 2022)
PB  - Atlantis Press
SP  - 216
EP  - 221
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-046-6_21
DO  - 10.2991/978-2-38476-046-6_21
ID  - Kurniadi2023
ER  -