Bank Mandiri (BMRI) set a conservative target for mortgage loan growth in range of 5%-6% from FY15 number which amounted to IDR30.5trn. The company’s conservative target was due to current economic conditions, though it is ready to adjust in 2H16 should the economy perform better. In its mortgage loan program, the company set a fixed rate of 9.75% for 5 years, 5% downpayment, and mortgage period up to 20 years.
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