Perbandingan KPR Syariah vs KPR Konvensional #tipsbelirumah #tipskpr #kpr #kprsyariah

Adhitya Mulya

31 Mar 202111:37

Summary

TLDRIn this informative video, the host discusses the differences between conventional and Shariah-compliant housing loans (KPR) in Indonesia. The host explains the concept of fixed and floating interest rates in conventional loans, highlighting the uncertainty and potential increase in monthly payments. In contrast, Shariah-compliant loans eliminate uncertainty by providing a clear total cost and payment options over different periods. The video aims to educate viewers on the benefits of Shariah-compliant loans, such as transparency and predictability, and touches on the challenges faced by banks in Indonesia in implementing these loans fully.

Takeaways

😀 The video discusses the difference between conventional and Shariah-compliant housing loans (KPR) in Indonesia.
🏠 In conventional KPR, the monthly installment initially covers a larger portion of interest, with the principal amount gradually increasing over time.
📈 The script explains that the interest rate in conventional KPR can be fixed for the first two years and then becomes floating, following the bank's interest rate.
🔍 The video highlights the uncertainty in the total cost of a loan in conventional KPR due to the fluctuating interest rates.
🌐 The presenter shares that Shariah-compliant KPR eliminates the uncertainty by fixing the total cost and monthly installments, making it more predictable.
📊 Shariah-compliant KPR offers options for buyers and sellers, allowing them to agree on the total price and the duration of the installments.
📝 The script mentions that for a transaction to be considered Shariah-compliant, it must be based on a fair and just deal, with both parties knowing the total cost.
🛑 The presenter points out the challenges in implementing Shariah-compliant KPR in Indonesia, including restrictions on banks owning assets and difficulties in fulfilling the necessary conditions for a transaction to be considered 'shari' (Islamic law compliant).
🏦 It is mentioned that there is only one bank in Indonesia that closely follows the series model of Shariah-compliant transactions, involving an affiliated company to handle the asset transfer.
💡 The video suggests that Shariah-compliant KPR can be beneficial for those who prefer to know the total cost upfront and have a fixed monthly payment.
📚 The presenter expresses a desire to learn more about the additional conditions required for a transaction to be Shariah-compliant and promises a follow-up video to explore the topic further.

Q & A

What is the main topic discussed in the video script?
-The main topic discussed in the video script is the difference between conventional housing loans (KPR) and Sharia-based housing loans (KPR Syariah) in Indonesia.
What does KPR Konvensional refer to in the script?
-KPR Konvensional refers to conventional housing loans, which are traditional mortgage loans provided by banks that involve interest payments.
How is the monthly installment in a conventional KPR structured according to the script?
-In a conventional KPR, the monthly installment initially consists of a larger portion of interest payment compared to the principal, which gradually decreases over time as more principal is paid off.
What is the difference between fixed and floating interest rates mentioned in the script?
-Fixed interest rates mean the interest rate remains unchanged for a certain period, typically 2 years as mentioned in the script. Floating interest rates, on the other hand, change according to the bank's base rate, which can lead to fluctuations in monthly installments.
What is the main advantage of KPR Syariah according to the script?
-The main advantage of KPR Syariah is that it eliminates uncertainty by making the buyer and seller aware of the total cost and providing options to choose the payment period, ensuring a more transparent transaction.
Why might a Sharia-based loan be considered more transparent than a conventional loan?
-A Sharia-based loan is considered more transparent because the total cost of the loan is known upfront, and there are no hidden interest rates that can change over time.
What is the impact of Bank Indonesia's interest rate on the floating interest rate of a conventional KPR?
-The floating interest rate of a conventional KPR is influenced by Bank Indonesia's interest rate. If the base rate increases, the interest paid on the loan will also increase accordingly.
What is the concept of 'eliminating uncertainty' in KPR Syariah as mentioned in the script?
-The concept of 'eliminating uncertainty' in KPR Syariah refers to the practice where both the buyer and the seller are aware of the total price and terms of the loan from the beginning, avoiding any surprises due to fluctuating interest rates.
What are the conditions for a transaction to be considered Sharia-compliant according to the script?
-The script mentions that for a transaction to be Sharia-compliant, it must be transparent, with both parties knowing the total cost, and the transaction must be based on the actual ownership of goods (the seller must own the property).
What is the issue with the implementation of Sharia-based finance in Indonesia as described in the script?
-The issue with the implementation of Sharia-based finance in Indonesia, as described in the script, is the difficulty in fulfilling the conditions for a transaction to be considered Sharia-compliant, especially regarding the ownership of assets and the restrictions imposed by Bank Indonesia.
What is the role of developers in the context of KPR Syariah mentioned in the script?
-In the context of KPR Syariah, developers act as sellers who must own the property they are selling. They provide options to buyers regarding the payment period and the total cost of the property.

Outlines

00:00

🏠 Introduction to KPR Syariah vs. Conventional KPR

The video script begins with a greeting and an introduction to the topic of the video, which is the difference between KPR (Kredit Perumahan Rakyat) Syariah and conventional KPR. The speaker, Adit, explains that while his knowledge on the subject is limited, he is confident in sharing the basics of KPR Syariah. He uses a graphic example to illustrate the monthly installments for both types of KPR, highlighting the difference in interest rates and how they affect the total cost over time. The conventional KPR has a fixed interest rate for the first two years, after which it becomes floating, potentially leading to unpredictable changes in monthly payments. In contrast, KPR Syariah eliminates uncertainty by providing a clear breakdown of costs upfront, ensuring both the buyer and seller are aware of the total price and installments.

05:00

📋 Key Principles of KPR Syariah Transactions

This paragraph delves into the core principles of KPR Syariah transactions, emphasizing the importance of transparency and mutual agreement between the buyer and seller. It discusses the conditions that must be met for a transaction to be considered Syariah-compliant, such as both parties knowing the price and having the option to choose the payment terms. The speaker also touches on the challenges faced by Syariah banking in Indonesia, particularly the restrictions on banks owning assets, which complicates the process of conducting Syariah-compliant transactions. The narrative includes a hypothetical scenario to illustrate how a Syariah-compliant transaction might work, involving a developer selling a house and a buyer choosing the payment term that suits them best.

10:01

🔑 KPR Syariah Overview and Future Discussion

In the final paragraph, the speaker wraps up the discussion on KPR Syariah by summarizing the main points and reiterating the benefits of knowing the total cost upfront and having fixed monthly payments. He acknowledges that the current implementation of KPR Syariah in Indonesia has its limitations and that there is only one bank that closely follows the Syariah-compliant model by using a subsidiary company to handle asset transactions. The speaker promises to provide more information in a future episode and encourages viewers to share the video and provide feedback if they have more insights on the additional conditions required for a transaction to be considered Syariah-compliant.

Mindmap

Keywords

💡KPR

KPR, which stands for 'Kredit Perumahan Rakyat' in Indonesian, refers to a type of housing loan provided by banks for the purchase of homes. In the context of the video, it is the main topic discussed, with the presenter comparing two types of KPR: conventional and Syariah-compliant. The script mentions KPR as a way to finance home purchases, with different payment structures and interest implications.

💡KPR Syariah

KPR Syariah is a form of Islamic financing used for housing loans, which complies with Syariah law, avoiding the payment of interest (riba). The video explains that KPR Syariah eliminates the uncertainty of interest rates and provides a clear cost of the loan, which is a key difference from conventional KPR where interest rates can fluctuate.

💡Conventional KPR

Conventional KPR refers to a traditional home loan system where the borrower pays back the loan amount with an interest rate over a set period. The script explains that in a conventional KPR, the initial payments are higher due to interest costs, and the interest rate can change after a fixed period, leading to uncertainty in future payments.

💡Interest Rate

The interest rate is the cost of borrowing money, expressed as a percentage of the loan amount. In the video, it is highlighted as a significant factor in both conventional and Syariah-compliant KPR. The script contrasts the fixed and floating interest rates in conventional KPR with the absence of interest in KPR Syariah.

💡Cicilan

Cicilan is the Indonesian term for installment payments made by a borrower to repay a loan. The script discusses the monthly cicilan for both types of KPR, emphasizing how the amount can differ based on the loan term and whether the KPR is conventional or Syariah-compliant.

💡Syariah

Syariah refers to Islamic law, which governs various aspects of life, including financial transactions. In the video, the presenter discusses how KPR Syariah adheres to Syariah principles, such as the prohibition of interest and the requirement for transparency in pricing and terms.

💡Transparency

Transparency in the context of the video refers to the clear disclosure of loan terms and costs, which is a key aspect of KPR Syariah. The script mentions that KPR Syariah provides transparency by fixing the total cost of the loan, unlike conventional KPR where interest rates can change.

💡Fixed and Floating Rates

Fixed and floating rates are terms used to describe the interest rate structure of a loan. A fixed rate remains constant throughout the loan term, while a floating rate can change based on market conditions. The script explains that conventional KPR may have a fixed rate for an initial period, after which it becomes floating, leading to uncertainty.

💡Perbankan Indonesia

Perbankan Indonesia refers to the banking system in Indonesia. The script mentions the challenges faced by banks in Indonesia, particularly in offering KPR Syariah that fully complies with Syariah principles due to regulatory restrictions and the need for banks to avoid owning assets.

💡Fintech Syariah

Fintech Syariah is a term used in the script to describe financial technology companies that offer Syariah-compliant financial services. The presenter mentions a friend's experience with a fintech company attempting to provide Syariah-compliant loans, highlighting the regulatory and operational challenges in the Indonesian market.

💡Developer

In the context of the video, a developer refers to a company or individual that develops real estate properties. The script discusses a scenario where a developer sells a house, and the complexities involved in offering a Syariah-compliant loan for the property purchase.

Highlights

Introduction to the topic of the differences between conventional and Shariah-compliant housing loans (KPR).

Explanation of the common question regarding the distinction between KPR and Shariah-compliant KPR.

Description of the monthly installments in a conventional KPR and the initial focus on paying off interest.

Illustration of how the installments change over time in a conventional KPR, with a shift from fixed to floating interest rates.

Discussion on the unpredictability of future installments in a conventional KPR due to fluctuating interest rates.

Introduction to Shariah-compliant KPR, emphasizing the elimination of uncertainty in the cost of borrowing.

Explanation of the options available to buyers and sellers in Shariah-compliant KPR, allowing them to negotiate terms.

Example given of how the cost of a house can vary depending on the chosen term of Shariah-compliant KPR.

Clarification that the buyer knows the total cost upfront in Shariah-compliant KPR, unlike conventional KPR.

Comparison between the fixed cost of buying a house outright versus the variable cost with Shariah-compliant KPR.

Discussion on the challenges of implementing true Shariah-compliant trading in Indonesian banking.

Mention of the difficulty for banks to own assets in line with Shariah principles due to regulatory restrictions.

Case study of a fintech company attempting to implement Shariah-compliant trading but facing regulatory hurdles.

Description of the current state of Shariah-compliant KPR in Indonesia and the limitations faced by developers and buyers.

Example of a bank that comes close to the ideal model of Shariah-compliant trading by using a subsidiary company.

Final thoughts on the benefits of knowing the total cost upfront with Shariah-compliant KPR and its comparison to conventional KPR.

Call to action for viewers to share, like, and subscribe for more informative content on KPR and Shariah-compliant finance.