Commonwealth Bank Indonesia (Home Financing)

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

Benefits:

  • Competitive interest rates
  • Simple process
  • Loan limit range between IDR 100 million to IDR 7.5 billion
  • Credit facilities up to 80% from the collateral value based on valuation
  • Flexible 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
  • Auto Debit Facility for more convenient home loan repayments, to help manage your loan repayment on time
  • Your certificate will be kept safely until the end of loan period
  • Protection from life and fire insurance
  • Take over Home Financing, transfer existing customer’s home financing from other providers to Commonwealth Bank
  • Top-up Home Financing, opportunity to have additional loan amount on the existing Commonwealth Bank Home Financing
Requirements: 
  • Indonesian or foreign citizen
  • Age: minimum 21 years or married
    maximum 60 years at the end of credit
  • Residence: any cities with Commonwealth Bank representative offices
  • Minimum income for both husband & wife of IDR 5 million/month (take home pay or net income)

Required Documents:

Personal Documents:
  • Copy of applicant’s ID Card
  • Copy of spouse’s ID Card
  • Copy of Marriage Certificate*
  • Copy of Family Card*
  • Copy of Tax File Number (NPWP) or Annual Tax Payment (SPT)*
  • 3 x 4 photograph
Collateral Documents:
  • Copy of Land Ownership Certificate (HM/HGB)
  • Copy of Deed of Sales & Purchase (AJB)
  • Copy of Building Permit (IMB)
  • Copy of Building Blue Print
  • Copy of the latest Land and Building Tax (PBB)
  • Receipt of appraisal fee payment (for mortgaged land & building)
Document Type Employee Entrepreneur Professional
Copy of Saving Account/Current Account/Time Deposit/Mutual Fund for the last 3 months v v v
The latest Salary Slip**/Company’s Statement Letter/Work Reference v    
Copy of Trading License (SIUP)/Company Registration Certificate (TDP)*   v  
Copy of Professional License/Certificate*     v
Copy of Article of Establishment & Articles of Association   v  
Copy of Financial Report for the last 2 years (if any)   v  
Copy of Credit Card Billing Statement for the last 3 months v v v


*Will be validated with the original documents 
**Salary Slip should be computerized and carbonized. If not, please kindly submit Company’s Statement Letter stating monthly salary

Source: CommBank.co.id