KPR is a program from a bank that can help finance houses that are in great demand by people. One of them is the KPR program from Bank Central Asia, or better known as BCA.

Submission of KPR BCA can be done through the nearest branch office, you can also do it online. How to apply for BCA KPR online can be done by filling out the form on the webform.bca.co.id page, along with a detailed explanation that you can find in this article:

  • BCA KPR Simulation
  • KPR BCA requirements
  • BCA mortgage interest
  • BCA mortgage fees

The following is a detailed explanation of the BCA KPR Simulation and its requirements which you can see below.

BCA KPR Simulation

KPR BCA is a House and Apartment Ownership Credit facility (KPA) with the lowest interest rate of 5.88% Fix 3 Years. Apart from BCA Home Credit products, BCA also offers BCA home renovation loans, BCA KPA, & BCA Ruko KPR. In addition to offering KPR BCA from conventional BCA, there are also BCA Syariah KPR from BCA Syariah banks.

The minimum ceiling for BCA KPR loans is IDR 250 million, and the maximum BCA LTV (Loan to Value ratio) is 90% of the value of the house or apartment. If the house you want to buy costs Rp. 500 million, then the maximum KPR BCA loan is LTV x Appraisal value = 90% x Rp. 500 million = Rp. 450 million.

The BCA KPR simulation above assumes the purchase price of the house. What happens more often is the appraisal value < property price, because analysts want to reduce bank risk. In this scenario, suppose the property price is IDR 500 million, but the appraisal result = IDR 480 million, then the maximum loan = 90% x 480 million = IDR 432 million. The difference between the price of the property and the loan provided by the BCA bank is the down payment from KPR BCA.

KPR BCA requirements

For those of you who wish to apply for a BCA KPR, you must meet a number of general requirements along with the document requirements that you must prepare. The following are the requirements for applying for a KPR BCA, including:

General Terms

  • Indonesian citizens
  • Old Employee Minimum 1 year in the last company or total work experience of at least 2 years
  • Entrepreneur/Professional Long Working experience at least 2 years in the same field
  • Minimum age 18 years or married
  • For Professionals/Entrepreneurs, the maximum age is 65 years when the credit ends
  • For Entrepreneurs, the maximum age is 65 years when the credit ends
  • For employees, the maximum age is 55 years when the credit ends
  • The applicant is required to cover insurance (life and fire) with the terms of the banker's clause
  • Willing to sign a credit agreement and APHT (Deed of Mortgage Imposition)
  • Payment via autodebit from the applicant's BCA account

BCA KPR Document Requirements:

Employee Document Requirements

  • Photocopy of the Applicant's KTP
  • Photocopy of KTP Husband/Wife Photocopy
  • Marriage/Divorce/Spouse Death Certificate
  • Notarial deed of separation of assets and registered with KUA or civil registry (if any)
  • Photocopy of Family Card
  • Photocopy of the Applicant's NPWP. For joint income, the partner's documents must be attached.
  • Salary slip/Certificate of income for the last 1 month
  • Copy of Bank Statement for the last 3 months
  • Original statement regarding credit for property ownership that is being submitted or already owned
  • Developer Home Order Letter / Broker Cover Letter
  • Proof of Appraisal Payment

Professional Document Requirements

  • Photocopy of Applicant's KTP
  • Photocopy of Husband's/Wife's KTP
  • Photocopy of Family Card
  • Photocopy of Marriage/Divorce/Spouse Death Certificate
  • Photocopy of the Applicant's NPWP
  • Photocopy of Business Entity NPWP
  • Photocopy of Practice Permit
  • Photocopy of R/K or savings for the last 3 months
  • Notarial deed of separation of assets and registered with KUA or civil registry (if any)
  • Original statement regarding property ownership credit or property collateralized credit that is being submitted or owned
  • Developer Home Order Letter / Broker Cover Letter
  • Proof of Appraisal Payment

Entrepreneur Document Requirements

  • Photocopy of the Applicant's KTP
  • Photocopy of Husband's/Wife's KTP
  • Photocopy of Family Card
  • Photocopy of Marriage/Divorce/Spouse Death Certificate
  • Photocopy of the Applicant's NPWP. For joint income, the partner's documents must be attached.
  • Photocopy of Business Entity NPWP
  • Copy of SIUP
  • Copy of TDP
  • Photocopy of the latest Deed of Establishment/Amendment
  • Photocopy of R/K or savings for the last 3 months
  • Notarial deed of separation of assets and registered with KUA or civil registry (if any)

The original statement regarding property ownership credit or property collateralized credit that is being submitted or owned is as follows:

  • Developer Home Order Letter / Broker Cover Letter
  • Proof of Appraisal Payment
  • Purchase (guarantee) documents For guarantee (purchase) documents, the following conditions must be met:
  • Photocopy of HM/HGB/Strata Title Certificate
  • Copy of IMB
  • Photocopy of last PBB (except new property)
  • Photocopy of Deed of Sale and Purchase (AJB)

BCA mortgage interest

BCA KPR Promo Interest Rates include the following:

Notes :

  • After the fixed interest rate expires, the applicable interest rate is the floating interest rate and is reviewed every 6 months
  • The above Credit Details are a simulation, not a credit agreement
  • There are administrative costs, appraisal, life insurance, fire insurance, notary, and other costs in applying for a mortgage. Details of costs will be obtained after the credit decision is received by the prospective debtor
  • Especially for the type of interest rate Fix 8 & Fix 10 years only valid for purchase purposes,
  • Valid from 1 September 2022
  • The current BCA KPR floating interest rate is 11%

If you plan to buy a house with KPR BCA. You can check the list of homes for sale in the West Jakarta area below Rp. 1 billion below!

BCA mortgage fees

As already explained, the BCA KPR process is subject to mortgage fees that must be paid at the outset. The total estimated cost of BCA mortgages is around 6% of the credit ceiling. BCA KPR fees consist of:

BCA KPR Appraisal Fee:

For a ceiling of < IDR 1 billion = IDR 1.1 million

For a ceiling > IDR 1 billion = IDR 1.5 million

KPR BCA Administration Fee:

For a ceiling of < IDR 1 billion = IDR 500 thousand

For a ceiling of IDR 1 billion – 3 billion = IDR 750 thousand

For a ceiling > IDR 3 billion = IDR 1 million

  • Provision Fee: 1% of the credit limit
  • Life insurance & fire insurance: The insurance fee is determined based on the applicant's age, tenor, credit limit, and building area. Mortgage applicants are required to purchase insurance from a BCA partner company
  • Notary fees: 3% – 4% of the credit limit (not including seller & buyer tax)