Jakarta –
President Director of Bank BCA Jahja Setiaatmadja opened up about the cause of the correction, one of which was requests for credit from KKB (Motorized Vehicle Loans) and KPR (House Ownership Credit).
For KPR, for example, he said that during PPKM, property sales would be difficult because it was difficult for consumers to make physical visits.
“Why is it currently hampered? So far it has been hampered because of this, for example, KPD is not possible or not going to the site,” said Jahja in an online webinar on the BCA issuer’s surgery, Friday (30/7/2021).
He gave an example of consumers who want to buy an apartment, of course, they must come to the place. This is to ensure that the property purchased is in accordance with his wishes.
“For example, I once bought an apartment in Bintaro, I’ve never been to the site, so when I want a deal I want to go to the location first. When I go to the site, there’s a graveyard, I don’t want to replace it. That’s an example if the property can’t do fully digital transactions,” said Jahja .
Not to mention the problem of ownership papers. When buying property, you have to go to a notary to take care of all ownership documents, but no notary can do his job virtually.
“Secondly, you have to go to a notary, right, you have to come. They can’t be virtual,” said Jahja.
Regarding the KKB, according to him, the restrictions that occurred when PPKM made cars could not be delivered quickly. Even if you want to quickly increase costs, consumers don’t necessarily want to. Although, there is a VAT discount if the restrictions are still in place the credit will not necessarily increase.
“About this KKB, VAT is also discounted for this KKB, right, but there is a time limit. Even though there are many industries that are not available. It’s also difficult to transport cars using a trailer. PPKM is stopped on the road. If you want to hide and seek quickly, it must be expensive,” said Jahja .
On the other hand, he is confident if PPKM is relaxed credit BCA will skyrocket. The reason is, he guarantees that only BCA Bank dares to offer low loan interest.
“After PPKM, it will increase, because in terms of interest, we dare to be low. KPR 3.8% per year, that interest is really real interest, if KKB is a flat rate of 2-2.5%,” said Jahja.
Previously, Jahja predicted that with the existence of a strict PPKM, BCA’s credit acquisition would drop. For example, the KKB in the first to second quarters had a significant increase, reaching Rp 2 trillion. However, in July it may only be Rp. 1 trillion.
“But at the time of emergency PPKM, we also have to admit that the Rp. 2 trillion figure will dramatically decrease. We estimate that in July this will be around Rp. 1 trillion to Rp. 1.2 trillion,” Jahja told a virtual press conference, Thursday (22/22/2020). 7/2021).
Similar to mortgage applications, Jahja said, at the beginning of the year his party received 9,847 application submissions with a total credit platform of Rp 14.8 trillion. However, in early July, it dropped dramatically to only 1,540 applications with a value of Rp 2.2 trillion.
The figure is obtained from the presale program held BCA. In the last 20 days, the decline in mortgage applications has only collected 654 applications with a value of around IDR 1 trillion. In July, maybe only IDR 3-4 trillion of credit will be obtained.
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