
Home Financing
Product Benefit:
Home Financing from Bank Commonwealth is a mortgage loan provided for individual to purchase residential house, apartment, shop house, office house, or vacant land.
Product Features Summary :
Interest Rate Type | Choices of interest rate according to Customer’s needs:
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Currency | IDR |
Loan Limit | Up to IDR 20 billion |
Repayment | Auto Debit |
Loan Period |
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Take Over Facilitiy | Transfer existing customer’s home financing from other providers to Bank Commonwealth |
Top-Up Facility | Opportunity to have additional loan amount on the existing Bank Commonwealth Home Financing |
Protection | Coverage by life and fire insurance |
Eligibility :
Age |
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Residence | any cities with Bank Commonwealth representative office (applied for residential, office/business location, and collateral | ||||||||||
Working Period | Minimum 2 years | ||||||||||
Nationality | Indonesian citizen. |
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* Home Financing application from employee with age above 57 years old can be processed until 60 years at the end of loan period if applicant can submit valid supporting document statement of retirement period from the employer. Home Financing application from entrepreneur with age above 65 years old can be processed until 70 years at the end of loan period if applicant can submit successor information. Home Financing application from director/ commissary with age above 65 years old can be processed until 70 years at the end of loan period if applicant can submit work reference letter. |
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 Documents | Employee | Entrepreneur | Professional |
Copy of applicant’s and spouse’s ID Card | v | v | v |
Copy of Marriage Certificate or Statement of Single | v | v | v |
Copy of Family Card | v | v | v |
Copy of Tax ID or Annual Tax Payment | v | v | v |
The latest Salary Slip and Company’s Statement Letter/ Work Reference | v | - | - |
Copy of Saving Account/Current Account for the last 3 months | v | v | v |
Copy of Article of Establishment & Articles of Association | - | - | v |
Copy of NIB (Business Identification Number)/ SIUP (Trading License) published by OSS (Online Single Submission | - | 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 | v | v | v |
Copy of applicant’s and spouse’s ID Card | v | v | v |
Fees & Charges
Provision Fee | 1% from loan value KPR Bebas = Free of charge |
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Administration Fee |
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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 Fee | Follow the standard Life Insurance Premium Fee of Insurance partners and will be informed to the customer through Offering Letter | ||||||||||
Fire Insurance Premium Fee | Follow the standard Life Insurance Premium Fee of Insurance partners and will be informed to the customer through Offering Letter | ||||||||||
Appraisal Fee | Follow the standard Appraisal Fee of Appraisal partners | ||||||||||
Notary Fee | Follow the standard Notary Fee of Notary partners | ||||||||||
Documents Storage Fee for Settled Loan: | Rp 55,000 (including tax 10%) per month – no prorate Note:
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*) 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 :
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 FWD Insurance Indonesia |
2. | PT. Panin Dai-ichi Life |
3. | PT. Chubb Life Insurance Indonesia |
No. | Fire Insurance |
1. | PT. Asuransi MSIG |
2. | PT. Asuransi Dayin Mitra |
3. | PT. Sompo Insurance Indonesia |
For further information about Home Financing Product, please contact:
- Call CommBank can be accessed through 1500030 or (62 21) 2935 2935 for international access.
- Nearest Bank Commonwealth's branch office
PT Bank Commonwealth Credit Agreement for Home Financing has been adjusted to comply with laws including the Financial Services Authority regulations