Sunday , October 17 2021

Remember, KUR rate is only 3 percent



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JAKARTA, KOMPAS.com – Coordinating Minister for Economy, Airlangga Hartarto reminded small businesses that receive capital loans from banks in the form of People’s Business Credit (KUR) only to pay interest of three percent (KUR interest).

“The remaining three percent (KUR rate) is a subsidy from the government, so customers are not required to make interest payments of up to six percent,” Erlangga Hartarto told Ambon as reported by the Jakarta Post. In between, Monday (4/10/2021).

His claim was conveyed during a dialogue with a number of creditors who had obtained KUR loans from BNI 46, BRI, and Bank Mandiri.

Also read: What is Provision Fee for a Bank Mortgage?

Earlier, Deputy Minister for Macroeconomic Coordination and Finance of the Coordinating Ministry of Economy, Iskandar Simorangkir, announced that the realization of KUR in 2020 Rp.

He also said that during the Covid-19 pandemic, the government had created several KUR policy programs and funding for MSMEs over the last two years.

Also read: Do you want to apply for a BRI KUR? View the Terms and Conditions

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This policy includes providing an additional interest rate subsidy of 3 percent in 2020, bringing the interest rate to just 3 percent by the end of 2021.

In addition, the government also increased the KUR ceiling, increased the KUR ceiling without additional collateral from Rp 50 million to Rp 100 million, and demanded an increase in the provision for the MSME loan portion to at least 30 percent by June 2024.

Meanwhile, regarding the realization of People’s Business Credit this year, by September 27, 2021, it has reached Rp 200.26 trillion, or 70.27 percent of the 2021 target of Rp 285 trillion.

The KUR was given to 5.39 million debtors, bringing the total remarkable KUR since August 2015 amounted to Rp321 trillion with NPL retained in the range of 1.14 percent.

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