10 Things to Consider Before Applying for a Mortgage in 2024
10 hal penting dalam kpr

10 Things to Consider Before Applying for a Mortgage in 2024

Amidst the rapid growth of the property industry in Indonesia, Home Ownership Loans (KPR) remain the primary choice for many people in purchasing a home. However, before you apply for a KPR, there are several important things you need to understand. Here are 10 crucial points to consider when preparing to apply for a KPR in 2024:

1. Understand KPR Requirements

Prior to applying for a KPR, it is crucial to understand the requirements set forth by the bank. These requirements include personal documents, property documents, and other administrative prerequisites.

2. Evaluate Your Financial Eligibility

Make sure to thoroughly evaluate your financial eligibility. Calculate your income and financial obligations to ensure you can afford regular KPR installments.

3. Choose a Bank and KPR Type

Select a bank that suits your needs and determine the type of KPR you wish to apply for. Consider fixed or floating interest rate KPRs based on your financial situation.

4. Prepare Complete Documentation

Ensure you have all the necessary documents prepared thoroughly and accurately. This includes personal documents such as ID cards and family cards, as well as property documents such as certificates and building permits.

5. Fill in the KPR Application Form

Once your documents are complete, fill out the KPR application form correctly and honestly. This form includes personal, financial, and property information required by the bank.

6. Pay Down Payment (DP)

If your KPR application is approved, you will need to pay a down payment according to the percentage set by the bank. This DP payment demonstrates your seriousness as a prospective buyer.

7. Verification and Checking Process

The bank will conduct verification and checking of all submitted documents. This includes financial data checks and physical verification of the property that will be the subject of your KPR.

8. Property Valuation (Appraisal)

The bank may conduct a property valuation to determine the value of your property. This will affect the amount of credit you can obtain.

9. Signing of SP3K

If your application is approved and the property valuation has been completed, the bank will issue a Letter of Confirmation of Credit Provision (SP3K) containing information on the credit value and interest rate.

10. Final Check and Credit Agreement

The bank will conduct a final check of all documents and requirements before you sign the credit agreement. Once the agreement is signed, the bank will disburse the KPR funds to the property seller.

5 Tips for Securing a Property with a Mortgage in 2024

Berikut adalah 5 tips membeli rumah melalui KPR di tahun 2024 yang diharapkan dapat membantu anda membeli rumah melalui KPR dengan aman dan nyaman.

Assess Your Financial Capacity

Before applying for a mortgage, it is crucial to assess your financial standing. This includes calculating your regular income, routine expenditures, and the remaining funds you can allocate for mortgage payments. Ideally, your mortgage instalment should not exceed 30% of your income.

Select the Right Mortgage Product

Banks offer a wide range of mortgage products with varying interest rates, terms, and payment schemes. Choose a mortgage product that aligns with your needs and financial capacity. Pay attention to interest rates, additional fees, and potential penalties.

Prepare a Sufficient Down Payment

The down payment represents a percentage of the property's price that you must pay upfront. The larger your down payment, the smaller your monthly mortgage instalments will be.

Check the Legality of the House

Before buying a house, make sure the legal documents are complete and valid. This is important to avoid disputes in the future. You can ask a notary or PPAT (Pejabat Pembuat Akta Tanah) to check the legality of the house.

Use a Trusted Property Agent

If you don't have experience buying a house, you can use a trusted property agent. A property agent can help you find a house that suits your needs and budget, and assist you in the negotiation and KPR (Kredit Pemilikan Rumah) application process.

Choosing KPR with Lets Move Group

Lets Move Group works with many well-known banks to provide you with various options to compare. Our professional consultants are ready to help you understand the various KPR options and choose the one that best suits your needs and budget.

We also help you handle all the documents and KPR application process easily and quickly, and provide personalized service to ensure you get the best KPR for you.

Additional tips:

  • Compare KPR interest rates at several banks before choosing.
  • Read all KPR documents carefully before signing them.
  • Make sure you have home and fire insurance for your home.
  • Do a KPR simulation to find out the estimated instalment you have to pay each month.

So, before you plan to apply for a KPR this year, make sure to pay attention to all of the above so that your application process goes smoothly and according to your expectations.

For more information about properties in South Jakarta and surrounding areas, Lets Move Group offers a variety of new housing options with various types and concepts. Lets Move Group not only serves as a property advertising medium but also provides consultation and assistance services for your dream home. Get more information by visiting our official website!

Get more information about property law, mortgages, and Indonesian real estate here!


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Primary Property

Interest Rate

Floating Rate

Primary Mortage

Rate information

Interest rate is 4.7% fixed for the first 3 years, after that, the rate will move to a floating rate (currently 11%)


  • Permanent employee/self-employed for at least 1 year in the same company/total 2 years of work
  • Professional/Businessman working for at least 2 years in the same field
  • At least 18 years old or married

General Personal Requirements

  • Photocopy of husband’s / wife’s ID card (if married)
  • Photocopy of Family Card
  • Copy of Marriage Certificate (if married)
  • Photocopy of Tax ID Number of Applicant
  • Salary Slip / Certificate of Income for the last 1 month original
  • Photocopy of 3 months bank statements
  • Developer’s House Booking Letter / Broker’s Cover Letter