PENGALAMAN KPR SYARIAH BSM

Summary

In this video, the speaker shares their personal experience navigating the process of purchasing a home through a Sharia-compliant mortgage (KPR) with BSM. They explain the two key stages: the initial process from paying the down payment (DP) to signing the financing agreement, and the second stage, which covers the accelerated repayment of the mortgage after five years. Detailed insights into selecting mortgage options, handling contract fees, and the process of accelerating repayment are provided, along with explanations about insurance premiums and the eventual mortgage clearance with the bank. The video aims to inform and guide viewers interested in similar financial processes.

Takeaways

• 😀 The video shares personal experiences with the home financing process, covering both the DP (down payment) and the mortgage process with Bank Syariah Mandiri (BSM).
• 😀 The video discusses the option of paying the down payment (DP) in installments with a developer and the legal agreement required for such payments.
• 😀 There are multiple financing options available, such as a single margin plan and tiered step margin plans. The speaker opted for a tiered step margin plan for more affordable installments.
• 😀 The first stage of getting a mortgage involves paying the DP to the developer, checking bank references, and considering different financing options offered by the bank.
• 😀 The speaker provides insights into the cost breakdown, including taxes, insurance, notary fees, and contract-related expenses when signing the mortgage agreement.
• 😀 Credit card debt clearance was required for mortgage approval, and proof of debt payment was necessary to move forward.
• 😀 After preparing all necessary documents and payments, the mortgage contract was signed with BSM, and the process continued with financing disbursement to the developer in three stages.
• 😀 The second part of the process includes accelerating mortgage repayment after five years of installment payments, which involves specific steps and calculations.
• 😀 Accelerated repayment allows for the early payoff of the mortgage, which can reduce the total interest paid but involves additional calculations to ensure it’s financially beneficial.
• 😀 Once the mortgage is paid off, the house is no longer mortgaged to the bank, and the necessary paperwork is filed with the BPN (National Land Agency) to remove the mortgage registration.
• 😀 The speaker also mentions the possibility of receiving a refund for the remaining insurance premium if the mortgage is paid off early, along with the steps to claim this refund.

Q & A

What are the two main topics discussed in the video?

The video discusses two main topics: the financing process from paying the down payment (DP) to signing the contract with BSM and the process of paying off the BSM Sharia KPR through accelerated repayment.

How was the down payment (DP) paid for the house?

The down payment for the house was paid in installments over four months, totaling 112,000,000 IDR, with an initial booking fee of 10 million IDR. The developer and buyer signed an agreement with a notary to ensure the payment terms and house construction were secured.

Why was it possible to pay the down payment in installments?

The buyer chose a half-finished house, which allowed them to pay the down payment in installments. If the house were fully finished, the down payment would need to be paid upfront.

What were the financing options offered by Bank BSM?

Bank BSM offered several financing options: a single margin with a fixed installment of 5.6 million IDR per month for 15 years, a tiered step margin with an installment of 4.5 million IDR for the first two years, and 5.8 million IDR from the third year onwards, and a third option with a tiered step margin of 4.2 million IDR for the first two years, 5.2 million IDR from the third to the fifth year, and 5.6 million IDR from the sixth year onwards.

Which financing option did the buyer choose and why?

The buyer chose the third financing option, a tiered step margin with gradually increasing installments, as it was the most affordable and manageable. They felt confident that by the third year, they would be able to handle the increased installments.

What were the costs involved in preparing for the mortgage contract?

The buyer needed to prepare around 36 million IDR for contract fees, which included BSM account creation, tax fees, contract fees, insurance (life and fire), and documentation costs such as notary fees, registration fees, and BPN-related fees.

How did the buyer's credit card debt affect the financing process?

The buyer had to settle their credit card debt before proceeding with the mortgage application, as it impacted their credit analysis. After clearing the debt, they provided proof of payment to the bank.

What was required from the buyer and developer for the financing agreement?

The buyer had to provide original documents such as their KTP (ID card), KK (family card), NPWP (taxpayer ID), and a savings book from Bank Syariah Mandiri. The developer was required to provide documents including their KTP and other necessary information.

What are the stages of the mortgage disbursement process?

The mortgage disbursement process has three stages: 70% of the financing is disbursed after the agreement is signed, 20% is given after the house is completed and verified by the bank, and the final 10% is paid once the legal documents (house certificates) are submitted to the bank.

How does accelerated repayment work for the BSM Sharia KPR?

Accelerated repayment involves informing the bank of the intention to pay off the mortgage early. The bank then provides a calculation for the remaining amount, and the buyer transfers the remaining balance. Afterward, documents are handed over, and the house is released from the mortgage registration.

What happens after the house is fully paid off in terms of mortgage registration?

Once the mortgage is fully paid off, the buyer must go to the BPN (National Land Agency) to request the removal of the mortgage registration from the property, which is also referred to as 'royak' (mortgage deletion).

What benefits did the buyer receive after accelerated repayment?

After accelerated repayment, the buyer was eligible for a refund of the remaining insurance premiums, as the policy was set for five years, and the repayment was completed early.

What should someone do if they have questions about the mortgage process?

For any questions or clarifications regarding the mortgage process, the buyer suggests reaching out directly to the bank or contacting them for personal guidance based on their experience.