How to borrow money at BRI Bank to buy houses for foreigners and locals in Indonesia - There are many attractive payment programs owned by Bank BRI. One of them is a mortgage, so customers can borrow from Bank BRI to buy a house using Bank BRI's loan program.
Bank BRI is a government bank that can facilitate. Home ownership loans (Mortgage Rights). In this case, Bank BRI offers its customers two types of loans, namely ordinary loans and subsidized loans.
The two mortgage options offered by Bank BRI offer many attractive options. However, users must know the BRI loan methods and terms before deciding on the type of loan.
The two mortgages from Bank BRI have different requirements. The cheapest are obviously subsidized loans, as they offer many attractive offers.
How to Borrow Money at BRI Bank to Buy a House
In terms of calculating interest, it is interesting to note that these two types of loans. Different interest rates for each type of mortgage loan.
KPR Bank BRI is a home equity loan. So when you want to apply for a home loan, you need to get a mortgage. How to borrow money to buy a house in Indonesia?
There are a number of terms and conditions that must be met by the client in order to lend. Our followers Explain in detail how to borrow from Bank BRI to buy a house.
1. BRI Mortgage Terms
In providing loans to banks, of course, we must meet certain mandatory requirements. This requirement is another additional document.
- Photocopy of ID card
- copy of KK
- Recent Applicant Photo with Spouse Photo (if any)
- Salary certificate
- Fill out the BRI Bank Mortgage application form
- Citizens speak law
- Open a BRItama account
- Minimum age 21 years or already married
- The borrower's place of residence/work/business is in the city where the KC/KCP is located.
- Attach loan documents
- Additional requirements for subsidized loans
- Photocopy of the last decree for permanent employees
- Monthly salary certificate or payslip
- Certificate or comments from the company (if any)
- Send application letter
If all of the above conditions have been met, then the next step is to apply for credit to the nearest BRI Bank office. Where to apply for credit in this situation.
You can also visit the nearest BRI branch to inquire about loan terms. Because all these loan processes can only be done at the BRI Bank office.
2. Payment for the BRI mortgage application
When you submit the application later, the client or borrower is required to pay certain administrative fees. If the amount is the same and stored in the BRI bank.
- 1% of the total loan repayment
- Sale and purchase agreement
- Management fee 0.1% of total approved loan
- Insurance payment
This payment amount must be paid in advance when applying for a loan. However, there may be additional fees for applying for a loan at Bank BRI.
3. BRI mortgage interest
Every loan must have interest, as well as BRI mortgages. There are many types of interest and although the consumer knows before he decides to get a loan.
BRI mortgage interest is not supported, the interest rate is 6.5% (fixed for the first 1 year) and 9.5% (fixed for the first 3 years). Loan repayments at BRI Bank can last up to 20 years.
4. Definition of an unsecured mortgage
As we know, Bank BRI offers two types of loans, both of which can be attractive options. There are several conditions that must be met before you can apply for a mortgage.
The allocation is for non-subsidized mortgages with interest rates outside of low-income people (MBR). Float. A place to buy a new or used house, if the developer has to cooperate with BRI.
5. Definition of Subsidized Loans
In contrast to non-subsidized loans, subsidized loans often offer attractive discounts. For non-subsidized loans, the interest rates are 6.5% (fixed for the first 1 year) and 9.5% (fixed for the first 3 years).
BRI subsidized mortgage payments can last up to 20 years, without non-subsidized mortgages. Meanwhile, Bank BRI will support the 5% interest rate until the tenant dies.
So, those are some steps you can take when you want to borrow money at BRI Bank. If you focus on a loan to buy a house, it is recommended to use a loan only.
The reason is, borrowing money to buy a house using a standard loan can certainly help with a small interest rate.