Learn how to easily apply for Mandiri KPR, starting from document requirements to the credit agreement process with this practical guide.
Owning a private home is a dream for many people, but realizing this dream often requires strategic steps, one of which is by utilizing Home Ownership Credit (KPR).
Bank Mandiri as one of the trusted financial institutions offers various KPR programs that can help realize your dream home.
In order for the application process to run smoothly, it is important for prospective debtors to understand each step required, from preparing documents to signing the credit agreement.
This guide is designed to provide detailed and practical information, so that you can apply for Mandiri KPR with more confidence.
Completing the Required Documents
The KPR application process at Bank Mandiri begins with completing all the required documents. The bank requires personal documents to assess prospective debtors.
This data will later be used to determine whether the application will be accepted or not. The main documents that are usually requested include:
- KTP and Family Card: As proof of identity and family status.
- NPWP (Taxpayer Identification Number): To ensure that prospective debtors are registered as taxpayers.
- Pay Slip or Income Statement: This document shows the debtor’s financial ability to pay installments every month.
- Bank Statement or Account Mutation: Proof of transactions showing the flow of income and expenses in the last few months.
If these documents are complete, the chances of your mortgage application being accepted will be greater. Don’t forget to check the completeness and validity of the documents so that there are no delays in the approval process.
Choosing the Right Time to Apply
This stage is often considered trivial, but it is very important. Applying for a mortgage at a strategic time can increase the chances of your application being accepted.
For example, several sources state that applying for a mortgage in the third or fourth week of a month can be more effective.
At these times, banks are usually pursuing their monthly targets and tend to be more flexible with certain requirements.
However, make sure that your documents and requirements are complete and meet bank standards.
Filling out the Order Form and Preparing the Initial Funds
The next step is to fill out the house unit order form. Before filling out this form, you must prepare a down payment according to the provisions of the selected Mandiri KPR product. For regular KPR, the down payment required is usually 15% of the house price.
In addition to the down payment, there are several additional costs such as the cost of ordering a house unit that need to be prepared.
After the down payment is paid, the order form must be completed with correct and complete data.
Include the necessary documents, such as a receipt for the order, proof of down payment, and other supporting documents. This step is an important part of ensuring that your KPR application is processed smoothly.
Paying Home Installments Regularly
After your Mandiri mortgage application is approved, the next step is to pay monthly installments.
Before the credit agreement, it is a good idea to do a mortgage simulation first. This simulation will provide an overview of the amount of installments that must be paid each month, including the interest charged.
The important thing to remember is to keep the installment amount from exceeding 30% of your total monthly income. If the installments exceed this limit, the bank may reconsider your credit approval.
Managing finances wisely, including prioritizing installment payments, is key to ensuring that the financing process runs smoothly without any obstacles.
Preparing Additional Costs Before the Credit Agreement
After the mortgage application is approved and the risk analysis is complete, you will enter the credit agreement stage. At this stage, several additional costs need to be prepared, such as:
- BPHTB (Land and Building Acquisition Fee): Tax that must be paid on property transactions.
- Notary Fee: For making deeds of sale and purchase, credit deeds, and other certificates.
- Fiduciary Insurance: Protects the house from the risk of damage or loss during the credit period.
- Credit Provision: Administration fees charged by the bank.
All of these fees must be paid before the credit agreement. After the agreement process is complete, the bank will transfer the mortgage funds directly to the developer or home seller.
Credit Approval Letter and Signing of the Credit Agreement
In the Mandiri KPR application process, the credit approval letter is an important document. This letter shows that your KPR application has been approved. Usually, the time required to receive this letter ranges from 7 to 14 working days.
After receiving the approval letter, you will be directed to a notary appointed by the bank to sign the credit agreement.
This agreement is the final step in the KPR application process, and once completed, you officially have financing for your dream home.
Conclusion
Applying for a Mandiri KPR is not complicated if you understand every step required. By completing the documents completely, choosing the right time, and preparing all additional costs, you can go through this process more smoothly.
In addition to Mandiri KPR, considering KPR BTN as an alternative mortgage option can provide more flexibility based on your financial needs.
Running a credit simulation before the contract and paying installments on time is the key to maintaining a good relationship with the bank and ensuring that your dream home can truly become a reality.