What Is Millennial Mortgage: Here's The Retail And List Of Owners

What Is Millennial Mortgage (Gremi Turcotte Image - Unsplash)

YOGYAKARTA - Home Ownership Credit (KPR) seems to have become a universal option for residents to own a house. No exception millennials, Knight Senior Research Advisor Frank Research Syarifah Syaukat said, the millennial composition, in the range of 26% of the total population, is a potential consumer for various lines of business, including property. Let's find out what millennials are.

"However, in the millennial age range which is relatively young and medium-sized, it is estimated that the amount of income and savings is not sufficient to buy property with a cash pattern, thus the potential alternative that can be offered is through mortgages," Syarifah explained to reporters in Jakarta, recently.

For him, mortgages can certainly be an option for prospective residential unit buyers, including millennials. This is because mortgages share many conveniences with longer tenors for millennials.

"Especially at this time, not only the ease of financing the results of cooperation between developers and banks, the government also provides an extension of the VAT DTP (Government Borne Value Added Tax) incentive for housing," explained Sari.

At this time, many banks have mortgages with millennial frills and claim to be able to share convenience for this generation. Here's the list!

KPR Millennial Mandiri

Bank Mandiri also has a Millennial Mandiri KPR program designed so that the younger generation can have their dream housing. The Millennial Mandiri mortgage has a bigger credit ceiling of up to 8% compared to ordinary mortgages.

The limits offered range from IDR 200 million to IDR 3 billion. The installments spanning the first 5 years with an increase in installments of 5% per year are explored with an increase in the income of prospective debtors.

There are 4 credit tenor options that can be taken, ranging from 10, 15, 20, and 25 years. Face deposits start at 0% and competitive interest rates.

PermataME KPR

Mortgage products that share convenience for young people to own a house. This product claims to be able to distribute leniency in paying installments up to a maximum period of 30 years with a loan limit of up to IDR 5 billion.

PermataME KPR distributes relief from paying installments up to a maximum period of 30 years, low face money, and competitive interest. Not only that, PermataME KPR also distributes light installments by paying well interest rations for the first 12 months (gravity period). Therefore, for millennials, Bank Permata also promises a fast, simple, and relatively easy process.

Easy Start KPR From OCBC NISP

KPR for the younger generation has realized a dream house with low installments. Moreover, Easy Start mortgage from OCBC NISP claims that installments will not be as heavy as mortgages in usual so that debtors can pay home installments comfortably, but the lifestyle can always be fulfilled. Easy Start mortgages distribute long installments and share flexibility in controlling finances with a period of up to 25 years, both for new houses, apartments, or second hands.

bjb KPR Gaul

This product is specially designed for millennial generation young people who have fixed income and want to soon have an ideal home. bjb KPR Gaul is offered with competitive interest with a loan period of up to 25 years.

To access this service, the millennial age is 21 to 35 years. The value of the loan or ceiling that will be obtained is a maximum of IDR 1.5 billion. The minimum amount of income is IDR 3 million, including joint income.

KPR Gaeess From Bank BTN

KPR Gaeess! is to make Credit for the purchase of houses (KPR) or apartments (KPA) either in a state that does not exist in its entirety (indent) or which already exists in its entirety (ready stock). Not only that but it can also be tried bundling programs with other credit programs that apply in accordance with the conditions of a special Bank BTN for the Millennial Generation.

KPR Gaeess has provisions that such a prospective debtor must have fixed income with the age of 21 to 30 years. There is also a tenor that can reach 30 years with a promo rate of 8, 25% fixed throughout 2 years. KPR Gaeess also shares convenience because DP starts from 1%. Designated for millennials, this mortgage must also be submitted online.

So after knowing what millennial kpr is, see other interesting news on VOI, it's time to revolutionize news!