Mortgage Terms & Condition

To apply for Danamon KPR, the Customer must fulfill the general requirements, complete the Danamon KPR Application Form (via offline at the branch or online), and the following documents requirements:

A. General requirements:

Conditions

General Requirements

Applicant

Individuals of Indonesian Citizens

Minimum age at the beginning of the credit period

• Married: 18 years

• Single: 21 years

Maximum age at the end of the credit period

• Employees: 55 years

• Entrepreneurs and Professionals: 65 years

Minimum monthly income

IDR 5,000,000.00

Installment amount

Installment is calculated from gross income (husband and wife incomes consolidation is allowed)

B. Personal document requirements:

No.

Documents

Employees

Entrepreneurs

Professionals

1

Credit application form

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2

Photocopy of Applicant's ID Card

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3

Photocopy of Husband’s/Wife’s ID Card

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4

Photocopy of Family Card

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5

Photocopy of Marriage/Divorce/ Death Certificate

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6

Photocopy of Applicant's Taxpayer Identification Number (TIN)

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7

Photocopy of Article 21 Income Tax Return (SPT PPh 21)

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8

Assets/wealth separation agreement

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9

The last 1 month salary slip or certification letter of income from the company

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10

Photocopy of Company Business License (SIUP)

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11

Photocopy of Company Registration Certificate (TDP)**

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12

Photocopy of Company Deed of Establishment**

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13

Professional Permit/Professional Practice Permit

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14

Bank Account (Savings/Current Account) for the last 3 months

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15

Financial statements for the last 2 years

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16

Income Statement

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17

Debtor’s written statement to build a building (Specifically for KSB facilities)

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**) Especially for incorporated entrepreneurs with status of a Limited Liability Company (PT)


D. Security Document Requirements:

No.

Documents

Credit Purposes

Purchase

Renovation

Other Needs

1

Photocopy of Ownership Right (HM)/ Building Usage Right (HGB)/Strata Title certificate

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2

Photocopy of Building Permit (IMB)

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3

Photocopies of Land Building Tax (PBB) and STTS (except for new property)

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4

Budget Details (Specifically for KPPR)

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5

Photocopy of Down Payment (Specifically for KPR/KPA)

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D. Provisions on Loan to Value (LTV) regulated by Bank Indonesia for Property Credit (KP) and Property Financing (PP) :

Property Type (m²)

KP and PP Facilities

I

II

III etc.

Landed House

 

 

 

Type > 70

80%

70%

60%

Type 22 - 70

85%

80%

70%

Type ≤ 21

-

-

-

Apartments/Flats

 

 

 

Type > 70

80%

70%

60%

Type 22 - 70

90%

80%

70%

Type≤ 21

-

-

-

Shop House (Ruko)/ Office House (Rukan)

 

 

 

Type > 70

-

80%

70%

E. Provisions on Charges 

The charges imposed on the Customers during the process of Danamon KPR application shall be as follows:

  1.  Appraisal Fee/Collateral Appraisal of IDR 1,000,000.00
  2.  Minimum Administrative Fee of IDR 500,000.00 or 0.1% of the credit limit.
  3.  Credit Provision of 1% of the credit limit.
  4.  Danamon KPR Autodebit Fee of IDR 25,000 per month.
  5.  Life Insurance and Fire Insurance Fees in accordance with the applicable rates.
  6.  Notary Fee according to applicable rates.

Other charges:

  1. Fine on delay.
  2. Partial or accelerated repayment penalty.

The above charges may change at any time according to Bank Danamon's policy with prior notification to the Customers. The charges applicable and charged on the Customers will be informed via SPPK (Credit Application Notification Letter).

In the event that the Customer submits an incorrect statement or there are any changes to information with respect to the Credit/Financing Facilities obtained by the Customer from any banks, and the Customer does not inform the same to Bank Danamon, the Customer is willing to be subject to sanctions as regulated further in the SPPK document.

F. Risks

Some of the risks that may arise from this product are:

  • Potential additional charges incurred due to a delay in payments or accelerated repayment.
  • Potential collateral seizures if a Customer commits any defaults on his/her obligations.
  • Risk of changes in interest rates. Upon the expiry of fixed interest period, the applicable interest rate is a floating interest, in which the interest rate will change according to the current interest rate. Any changes in interest rates will affect the amount of installments payable to be paid.

G. Further information

For further information related to Danamon KPR products, contact Hello Danamon 1-500-090 or visit the nearest branch.

PT. Bank Danamon Indonesia, Tbk. is registered with and supervised by the Financial Services Authority.