Calculating The Take Over Fee Of Mortgages In Indonesia And The Terms That Must Be Prepared

Illustration of a KPR (Between) house

YOGYAKARTA Did you know that Home Ownership Loans (KPR) can be transferred? The KPR take over feature applies in Indonesia. To do so, you must know the cost of taking over mortgages, to the conditions that must be prepared.

As is known, take over mortgages are efforts to collect payments and property ownership from one party to another.

In its implementation, take over is supervised by banks as credit givers.

It must also be noted that the take over of mortgages must be carried out in accordance with applicable laws. This means that this transfer system is legal and does not violate the law.

Take over the home loan itself is usually done for various reasons, such as the first party being unable to pay installments and being forced to transfer installments and house ownership to other parties.

Buying a house with a mortgage takeover system can be very profitable. But you have to take into account a lot of things, including the costs.

The takeover process will also be subject to a number of costs that must be paid so that costs can be prepared first. The costs are charged both old debtors and new debtors.

Someone who applies for a mortgage by transferring credit from one bank to another will be penalized.

Penalti sendiri terjadi dalam beberapa kondisi, salah satunya adalah jika kredit dibayarkan sebelum masa yang sudah ditentukan.

The amount of the penalty is usually in the range of 2-3 percent of the principal mortgage installments, depending on the credit provider bank.

Penalti juga dikenakan pada proses take over KPR karena pada dasarkan sistem ini seperti memindahkan kredit dari satu bank ke bank lain. Biaya yang harus dibayar juga tak berbeda jauh. Biaya ini ditanggak kepada debitur.

For example, the mortgage you took was Rp. 200 million. After you take over, the penalty imposed was 1 percent, which was Rp. 2,000,000.

The cost of the province is the cost used to finance the needs of the loan process.

The provincial costs consist of many things such as marketing commissions, photocopies of legal files, and so on.

Meanwhile, admin fees are the costs charged to pay for the processing of documents and the process of applying for home loans.

Both costs must be in the process of subsidized home loan contracts. The amount of admin costs is usually around Rp. 300 to Rp. 1 million, depending on the bank.

Meanwhile, the provincial cost is around 1 to 3 percent of the total principal value of credit.

It should be noted that apart from penalties, debtors must also pay mortgage fees at new banks, one of which is in the form of appraisal fees.

Appraisal costs are costs charged to debtors to pay survey services conducted on mortgage houses. Appraisal costs also vary, ranging from Rp. 1 million to Rp. 2 million.

Notaries are needed for the creation of credit certificates, checking certificates, tax validation, and other legal matters. The costs required are approximately IDR 5 million.

However, notary costs have been regulated in Law (UU) No. 30 of 2004 Article 36 with the following details.

Taxes will be imposed on sellers and buyers. In buyers, the tax imposed is 5 percent of the selling value of the house. Meanwhile, in sellers, the tax imposed is 2.5 percent of the price of the house.

To make credit transfers, there are a number of conditions that must be met, namely as follows.

It should be noted that the terms and conditions for taking over mortgages in each bank are different. Quoted from bank independence.co.id, the terms and conditions are as follows.

That is information related to the cost of taking over mortgages in Indonesia and the conditions. To get other interesting information, visit VOI.ID.