Indonesia Mortgage/Loan Brokers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Indonesia's Mortgage/Loan Brokers Market is Segmented by Type of Mortgage Loan (Conventional Mortgage Loan, Jumbo Loan, Government-Insured Mortgage Loan, Other Types of Mortgage Loan), by Mortgage Loan Terms (30-Year Mortgage, 20- Year Mortgage, 15-Year Mortgage, Other Mortgage Loan Terms), by Interest Rate (Fixed-Rate Mortgage Loan, Adjustable-Rate Mortgage Loan) and by Provider (Primary Mortgage Lender, Secondary Mortgage Lender). The Report Offers Market Size and Forecasts for the Indonesia Mortgage/Loan Brokers Market in Value (USD) for all the Above Segments.

Indonesia Mortgage/Loan Brokers Market Size

Indonesia Mortgage/Loan Brokers Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 4.56 Billion
Market Size (2029) USD 7.39 Billion
CAGR (2024 - 2029) 10.16 %
Market Concentration Medium

Major Players

Indonesia Mortgage/Loan Brokers Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Indonesia Mortgage/Loan Brokers Market Analysis

The Indonesia Mortgage/Loan Brokers Market size is estimated at USD 4.56 billion in 2024, and is expected to reach USD 7.39 billion by 2029, growing at a CAGR of 10.16% during the forecast period (2024-2029).

In the Indonesia region, because of the complex financial services, there is an increased demand for expertise for guidance in mortgage financing. Mortgage brokers in the Indonesia region provide personalized advice based on the client's unique financial situations and long-term goals. Before providing mortgage services, brokers get to know the customers' requirements and give the best mortgage options. Therefore, these factors help customers to make intelligent decisions.

In Indonesia, mortgage brokers are essential in the housing finance sector. They act as an intermediary between borrowers and lenders and guide individuals in obtaining mortgage loans. The mortgage brokers in Indonesia know a lot about the mortgage market. They know more about various loan products, interest rates, and eligibility criteria. This expertise can help borrowers guide them through complex processes and make informed decisions.

Indonesia Mortgage/Loan Brokers Market Trends

Change in Real Estate price affecting Mortgage loan market.

Indonesia's residential property price index observed continuous growth, reaching 218.76 in 2022 from around 209 in the COVID-19 period; other than this, the Commercial property price index is almost at a stable level with nominal growth of 100 basis points.

This trend shows the growing importance of home loans compared to commercial property loans, with an increase in the mortgage value of house loans. The ownership rate of housing units has grown in the past few years, with a maximum share of households owning under household member names. All these trends create a positive impact on the mortgage market in Indonesia.

With further increases in mortgage prices, it is expected banks will not be increasing their interest rate much, as in case of default by the customer, they would be able to receive higher prices through the sale of assets/houses.

Indonesia Mortgage/Loan Brokers Market - Residential Property Price Index in Indonesia. Q2 (2019-2022)

Access to Banking System affecting Indonesia Mortgage/Loan Broker Market.

Increased access to the banking system will be helping Indonesian population easily get loan facilities offered by banks. The total population of Indonesia is observing a positive population growth with an addition of an average of 1.5 million inhabitants annually. This increase in population growth requires banks to expand their reach and reach to the population providing all their facilities from providing credit to deposits.

Reaching a large population with a certain customer base interested in taking loans through a mortgage will help the growth of the mortgage loan market. During the previous year, almost half of the population base in Indonesia owned an account at a financial institution, with another half without access to the service of a bank or similar organizations. Access to the bank in Indonesia observed continuous growth, helping create a market for Mortgage loan providers.

Indonesia Mortgage/Loan Brokers Market - Share of Adults owning account at a financial Institution, 2017-2022

Indonesia Mortgage/Loan Brokers Industry Overview

Bank of Tokyo-Mitsubishi UFJ, Citibank Indonesia, HSBC, Bank Tabungan Pensiunan Nasional, Bank Danamon Indonesia, Bank Central Asia, Panin Bank, Bank Mandiri, Bank Rakyat Indonesia are among the major banks in Indonesia with a higher value of Capital Adequacy ratio. All these banks provide various interest rates on mortgage loans ranging from 6% to 15% with an approach towards attracting customers. Bank of Tokyo-Mitsubishi UFJ, Citibank Indonesia, HSBC, Bank Tabungan Pensiunan Nasional, Bank Danamon Indonesia, Bank Central Asia, Panin Bank, Bank Mandiri, Bank Rakyat Indonesia are among the major banks in Indonesia with a higher value of Capital Adequacy ratio. All these banks provide various interest rates on mortgage loans ranging from 6% to 15% with an approach towards attracting customers.

Indonesia Mortgage/Loan Brokers Market Leaders

  1. Bank Mandiri

  2. Citibank Indonesia

  3. Bank Rakyat Indonesia

  4. HSBC

  5. Panin Bank

*Disclaimer: Major Players sorted in no particular order

Indonesia Mortgage Loan Brokers Market.png
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Indonesia Mortgage/Loan Brokers Market News

  • In December 2023, Bank BTN of Indonesia and Mandiri Capital Indonesia (MCI) collaborated to establish the BTN Fund to invest in startups focused on prop-tech, mortgage tech, construction tech, and other sectors.
  • In September 2023, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) in Jakarta announced the launch of its Green Bonds I Phase II Year 2023, with a total principal of IDR 6 trillion (USD 389.71 million). These bonds are part of a Public Offering of Shelf-Registration Green Bonds I by BBRI, with a total target of IDR 15 trillion (USD 974.27 million)

Indonesia Mortgage/Loan Brokers Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS AND INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increase in demand for Financial Home Loan Solutions

      2. 4.2.2 Increasing Penetration rate among investors

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Risk Valuation Capabilities

      2. 4.3.2 High level of Brokerage Service Charges and Commission

    4. 4.4 Market Opportunities

      1. 4.4.1 Fintechs Innovative products expanding the Market

      2. 4.4.2 Partnership between fintech and traditional Banks driving the Market

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Bargaining Power of Buyers

      2. 4.5.2 Bargaining Power of Suppliers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitutes

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Insights of Technology Innovations in the Market

    7. 4.7 Insights on various regulatory landscape

    8. 4.8 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type of Mortgage Loan

      1. 5.1.1 Conventional Mortgage Loan

      2. 5.1.2 Jumbo Loans

      3. 5.1.3 Government-insured Mortgage Loans

      4. 5.1.4 Other Types of Mortgage Loan

    2. 5.2 By Mortgage Loan Terms

      1. 5.2.1 30- years Mortgage

      2. 5.2.2 20-year Mortgage

      3. 5.2.3 15-year Mortgage

      4. 5.2.4 Other Mortgage Loan Terms

    3. 5.3 By Interest Rate

      1. 5.3.1 Fixed-Rate

      2. 5.3.2 Adjustable-Rate

    4. 5.4 By Provider

      1. 5.4.1 Primary Mortgage Lender

      2. 5.4.2 Secondary Mortgage Lender

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Mandiri

      2. 6.2.2 BRI

      3. 6.2.3 Bank Central Asia

      4. 6.2.4 BNI

      5. 6.2.5 Panin Bank

      6. 6.2.6 Citibank Indonesia

      7. 6.2.7 HSBC

      8. 6.2.8 Bank Danamon Indonesia

      9. 6.2.9 Mitsubishi UFJ Financial Group

      10. 6.2.10 Bank Rakyat Indonesia*

    3. *List Not Exhaustive
  7. 7. MARKET FUTURE TRENDS

  8. 8. DISCLAIMER AND ABOUT US

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Indonesia Mortgage/Loan Brokers Industry Segmentation

 A mortgage is a loan used to purchase or maintain a home, land, or other real estate types; the property then serves as collateral to secure the loan. The mortgage loan market is an area that needs to be focussed in indonesia, with some factors lying in favor of the market and some against it. 

Indonesia mortgage/loan brokers market is segmented by type of mortgage loan, mortgage loan terms, interest rate, and provider. By type of mortgage loan, the market is sub-segmented into conventional mortgage loans, jumbo loans, government-insured mortgage loans, and other types of mortgage loans. By mortgage loan terms, the market is sub-segmented into 30-year mortgages, 20-year mortgages, 15-year mortgages, and other mortgage loan terms. By interest rate, the market is sub-segmented into fixed-rate mortgage loans and adjustable-rate mortgage loans. By provider, the market is sub-segmented into primary mortgage lenders and secondary mortgage lenders. The report offers market size and forecasts for the Indonesia mortgage/loan brokers market in value (USD) for all the above segments.

By Type of Mortgage Loan
Conventional Mortgage Loan
Jumbo Loans
Government-insured Mortgage Loans
Other Types of Mortgage Loan
By Mortgage Loan Terms
30- years Mortgage
20-year Mortgage
15-year Mortgage
Other Mortgage Loan Terms
By Interest Rate
Fixed-Rate
Adjustable-Rate
By Provider
Primary Mortgage Lender
Secondary Mortgage Lender
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Indonesia Mortgage/Loan Brokers Market Research Faqs

The Indonesia Mortgage/Loan Brokers Market size is expected to reach USD 4.56 billion in 2024 and grow at a CAGR of 10.16% to reach USD 7.39 billion by 2029.

In 2024, the Indonesia Mortgage/Loan Brokers Market size is expected to reach USD 4.56 billion.

Bank Mandiri, Citibank Indonesia, Bank Rakyat Indonesia, HSBC and Panin Bank are the major companies operating in the Indonesia Mortgage/Loan Brokers Market.

In 2023, the Indonesia Mortgage/Loan Brokers Market size was estimated at USD 4.10 billion. The report covers the Indonesia Mortgage/Loan Brokers Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Indonesia Mortgage/Loan Brokers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Indonesia Mortgage/Loan Brokers Industry Report

Statistics for the 2024 Indonesia Mortgage/Loan Brokers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Indonesia Mortgage/Loan Brokers analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Indonesia Mortgage/Loan Brokers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)