BSM House (Griya) Financing

 

Mudah

Light

Fixed installments until the financing maturity

Mudah

Easy

Easy and quick application process

Mudah

Flexible

Flexible to buy new and used houses

 
 
 
BSM House (Griya) Financing

What are the requirements?

  • Indonesian Citizen with legal capacity
  • Minimum age: 21 years; maximum age: 55 years at financing maturity
  • Maximum payment:
Financing and Collateral Type
Maximum FTV
FP1 (First) FP2 (Second) FP3 (Third)
PPR Type > 70
70%
60%
50%
PPRS Type > 70
70%
60%
50%
PPR Type 22 – 70
No percentage
70%
60%
PPRS Type 22 – 70
80%
70%
60%
PPRS Type s/d 21
No percentage
70%
60%
House-store/House-office
No percentage
70%
60%

Description:

  • FP = Financing Facility
  • FP1 = Financing Facility for the first house, and so forth
  • PPRS = Apartment Ownership Financing
  • Maximum installment: 40% of the net monthly income.
  • Financing facilities for units under construction/on order can be provided for the first financing facility.
  • Disbursement of financing may be made if the development progress has reached 50%, with a total maximum disbursement of 50%.
  • Disbursement of units under construction/on order is subject to a cooperation agreement between the developer and the BSM (Head Office).

Required Documents:

  • A copy of ID Card of the applicant
  • A copy of Family Certificate
  • A copy of Marriage Certificate (if married)
  • Original salary slip & Certificate of Employment
  • A copy of 3 months’ savings account/current account
  • A copy of Taxpayer ID No. for financing over Rp50 million
  • A copy of telephone and electricity accounts
  • A copy of Freehold Estate Certificate (SHM)/Leasehold Land Title Certificate (SHGB)
  • A copy of Building Permit and Building Plans
  • A customer statement concerning a financing facility that has been received and in the process of filing an application with the Bank (BSM) or other Bank.
I'm interested

 

BSM House (Griya) Financing is a short-, medium-, or long-term financing to finance the purchase of new or used dwelling houses (consumers) within the developer’s environment under the mark-up/cost plus system (murabahah).

Contracts:

  • The contract is a mark-up/cost plus contract (murabahah).
  • A mark-up/cost plus contract (murabahah) is a sale and purchase contract between a bank and a customer, under which the bank purchases goods needed and sells them to a customer at the cost price plus a pre-agreed profit margin

Benefits:

  • Financing the customer needs in terms of procurement of new or used dwelling houses (consumers).
  • A customer can pay in installments in a fixed amount during the term of the agreement.