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Home Financing

Product Benefit:

Home Financing from Commonwealth Bank is a mortgage loan provided for individual to purchase residential house, apartment, shop house, office house, or vacant land.

Product Features Summary :

Interest Rate TypeChoices of interest rate according to Customer’s needs:
  • Fixed rate for certain period after loan disbursement and floating afterward
  • Floating rate since disbursement until loan maturity (KPR Bebas)*
CurrencyIDR
Loan LimitIDR100 million – IDR15 billion
Loan to Value / LTVCredit facilities up to 80% from the collateral value based on valuation
RepaymentAuto Debit
Loan Period
  • Residential house, apartment, shop house, office house, and vacant land with construction purpose : 1 – 20 years
  • Vacant land without construction purpose : 1 – 5 years
Take Over FacilitiyTransfer existing customer’s home financing from other providers to Commonwealth Bank
Top-Up FacilityOpportunity to have additional loan amount on the existing Commonwealth Bank Home Financing
ProtectionCoverage by life and fire insurance
* Floating rate since disbursement only applied for loan in IDR currency

Eligibility :

Age
Minimum: 21 years or married
  
Maximum 
Employee: 55 years at the end of loan period*
Entrepreneur/Professional: 60 years at the end of loan period
Residenceany cities with Commonwealth Bank representative office (applied for residential, office/business location, and collateral
Minimum IncomeMinimum IDR5 million/month (nett)
Working PeriodMinimum 2 years
NationalityIndonesian citizen Property Loan for Expatriate (Indonesia Property Loan),click here
* Home Financing application from employee with age above 55 years old can be processed until 60 years at the end of loan period if applicant can submit valid proof about his source of income after retirement

Required Documents:

Collateral Documents:
  • Copy of Land Ownership Certificate (HM/HGB)
  • Copy of Deed of Sales & Purchase (AJB)
  • Copy of Building Permit (IMB)
  • Copy of the latest Land and Building Tax (PBB)
  • Receipt of appraisal fee payment (for mortgaged land & building)
  • Copy of Building Blue Print (if any)
Personal DocumentsEmployeeEntrepreneurProfessional
Copy of applicant’s and spouse’s ID Cardvvv
Copy of Marriage Certificate or Statement of Single vvv
Copy of Family Cardvvv
Copy of Tax ID or Annual Tax Paymentvvv
Carbonized Salary Slip for the last 3 months orThe latest Salary Slip/ Company’s Statement Letter/ Work Reference include Copy of Saving Account/ Current Account for the last 3 monthsv--
Copy of Saving Account/Current Account for the last 3 months-vv
Copy of Article of Establishment & Articles of Association--v
Copy of Trading License (SIUP)/Company Registration Certificate (TDP)-v-
Copy of Financial Report for the last 2 years (if any)-v-
Statement Letter regarding credit for property ownership and credit for consumptive purpose with property as collateral vvv
Copy of applicant’s and spouse’s ID Cardvvv

Fees & Charges

Provision Fee1% from loan value
Special Floating Rate (KPR Bebas) = Free of charge
Administration Fee
≤ IDR500 million= IDR300,000,-
> IDR500 million – IDR1 billion = IDR750,000,-
> IDR1 billion – IDR3 billion= IDR1,000,000,-
> IDR3 billion= IDR1,500,000,-
Special Floating Rate (KPR Bebas) = free of charge
Early Repayment Fee (Full/Partial)Will be charged in accordance with the applicable fee and will be informed to the customer through Offering Letter
Life Insurance Premium FeeFollow the standard Life Insurance Premium Fee of Insurance partners and will be informed to the customer through Offering Letter
Fire Insurance Premium FeeFollow the standard Life Insurance Premium Fee of Insurance partners and will be informed to the customer through Offering Letter
Appraisal FeeFollow the standard Appraisal Fee of Appraisal partners
Notary FeeFollow the standard Notary Fee of Notary partners
*) For Loan Applicant: Fees and Charges is subject to change and it will be informed to customers through media deemed appropriate by the Bank
For Existing Customer: The cost incurred will be the one stated in the Credit Agreement

Submission Procedure :

Submission Procedure KPR

Product Risk :

The risks attached to this Home Financing product are:

  • The change of interest rates that can be done at anytime and it will be informed to customers through SMS, branches, website or other media deemed appropriate by the Bank.

Installment Simulation :

Complete the fields here to estimate your loan

Other Information :

List of insurance company which has cooperation agreement with PT. Bank Commonwealth is as follow:

No.Life Insurance
1.PT. Commonwealth Life
2.PT. Asuransi Jiwa Sinarmas
3.PT. Asuransi Central Asia Raya
4.PT. Panin Dai-ichi Life
5.PT. Bumi Putera Muda

No.Fire Insurance
1.PT. Asuransi Allianz Utama Indonesia
2.PT. Asuransi Wahana Tata
3.PT. Asuransi Sinarmas
4.PT. Asuransi MSIG
5.PT. Asuransi Lippo
6.PT.Asuransi Adira
7.PT. Asuransi Indrapura
8.PT. Asuransi ACE-Jaya Proteksi
9.PT. Asuransi Dayin Mitra


For further information about Home Financing Product, please contact:
- Call CommBank can be accessed through 1500030 or (62 21) 1500030 for international access. We serve customer 24
  hours a day 7 days a week (including public holiday).
- Nearest Commonwealth Bank's branch office

Starting from 2 January 2014, floating interest rate of Home Financing is changed to 13.50% p.a. effective.

Effective as of 20 August 2014, PT Bank Commonwealth Credit Agreement for Home Financing has been adjusted to comply with laws including the Financial Services Authority regulations

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