Sejahtera FLPP Mortgage: First Home Solution for Your Family

Besides being a basic right for every individual, home ownership is also an important indicator in measuring a nation's welfare. However, for low-income communities, the dream of owning a home often becomes a difficult challenge to overcome. Economic factors, high interest rates, and strict credit requirements are some of the things that often become obstacles to realizing the dream of having a comfortable place to live.

In an effort to overcome these obstacles, the Indonesian Government launched the FLPP Mortgage Program, an initiative that has had a positive impact in providing housing access to low-income communities. This program is not just a housing finance offer, but also a strategic step to improve welfare and weave dreams of home ownership throughout the country.

One of the main points of FLPP Mortgage is the presence of liquidity facilities that allow financial institutions to provide housing loans with lower interest rates. With affordable interest rates, low-income communities can more easily pay housing installments, opening doors to a more stable and quality life.

Key Takeaways:

• The FLPP Mortgage Program is a concrete step by the Government in supporting inclusive housing policies by providing easy financing for Low-Income Communities.
• In its implementation, FLPP Mortgage has requirements and criteria that need to be met and followed by applicants.
• BTN is the largest national distributor of Sejahtera FLPP Mortgages.

What is FLPP Mortgage?

FLPP Mortgage is a program that represents the Government's concrete step in supporting inclusive housing policies by providing easy financing for Low-Income Communities. The main purpose of this program is to provide access to housing finance with affordable interest rates, making it possible for people to own their own homes.

How Does FLPP Mortgage Work?

Housing Ownership Credit Housing Finance Liquidity Facility (FLPP Mortgage) operates with several stages and specific mechanisms to provide housing finance access to low-income communities.

Here are the general steps regarding how FLPP Mortgage works:

Meeting Criteria

Prospective borrowers must meet the criteria set by the program provider. These criteria may involve income level, employment, and socioeconomic status. Eligible low-income communities can apply.

Application Submission

Prospective borrowers apply for FLPP Mortgage through banks or financial institutions participating in this program. The application process will require collection of documents such as proof of identity, proof of income, and other documents according to established requirements.

Eligibility Assessment

The bank or financial institution will conduct an eligibility assessment of the borrower's application. This assessment includes analysis of the borrower's ability to pay installments, based on their income and financial conditions.

Government Liquidity Facility

If the borrower's application is approved, the bank or financial institution will receive liquidity facilities from the government. This facility helps banks offer lower interest rates to borrowers, making housing installments more affordable.

Determination of Interest Rates and Loan Amount

Based on the eligibility assessment and liquidity facilities received, the bank will determine the interest rate and loan amount that can be given to the borrower. FLPP Mortgage interest rates are generally lower compared to conventional housing credit interest rates.

Loan Distribution

After the terms are set, the bank or financial institution will provide loans to borrowers. This loan amount will be used for housing purchase or financing.

Installment Payment

Borrowers will pay loan installments according to the established agreement. This installment payment system can vary depending on the agreement between the borrower and the bank.

Government Supervision

The government has an important supervisory role in implementing the FLPP Mortgage program. This supervision aims to ensure that the program runs according to objectives and its benefits are truly felt by low-income communities.

Requirements and Criteria for BTN FLPP Mortgage Application

Although offering low interest rates, BTN FLPP Mortgage maintains financial security and sustainability standards. Therefore, this program sets requirements and criteria that must be met by prospective borrowers. Aspects such as income, employment, and socioeconomic status become the main considerations in determining borrower eligibility.

1. Applicant Criteria

• Indonesian citizen minimum age 21 years or already married, maximum 65 years at loan maturity
• Maximum income:

• Not married Rp7 million
• Married Rp8 million
• Special for Papua and West Papua:

• Not married Rp8 million
• Married Rp10 million

• Applicant and spouse do not own a house
• Have never received housing subsidies from the government
• Have a Tax ID Number (NPWP)
• Have an Annual Tax Return (SPT) Personal Income Tax (PPh)
• NIK registered in Dukcapil
  

2. Document Requirements

• ID card (applicant and spouse for prospective debtors who are married)
• Family Card (KK)
• Tax ID Number (NPWP)
• Marriage book or deed for those who are married or Divorce Certificate/Deed for those who are divorced
• Last 3 months' salary slips
• Employment certificate from company
• Last 3 months' savings account statements
  

3. Maximum and Financing Term

• In accordance with the subsidized house selling price set by the Government
• Term up to 20 years

How to Register for BTN FLPP Mortgage

• Applicants search for desired house location, or can get info through www.btnproperti.co.id, BTN head office or branches, property exhibitions, and other BTN activities.
• Prepare complete documents.
• Application documents will be processed by BTN, including Financial Information Service System (SLIK), data verification, and analysis.
• If application is approved, Applicant prepares sufficient funds in BTN Savings.
• Conduct credit agreement.
• Start application disbursement process.

Get Your House Keys Today with BTN FLPP Mortgage!

Of course, everyone has a desire to own their dream home. But many people also have financial constraints as obstacles. Are you one of them? Don't worry! Keys and ownership certificates for affordable homes are now easier to obtain with BTN Sejahtera Housing Ownership Credit program with Housing Finance Liquidity Facility (FLPP) scheme, managed by BP TAPERA for Low-Income Communities (MBR) in formal/fixed income Non-Tapera Participants sector and informal/non-fixed income work sector.

Get Low Interest Rate and Down Payment Benefits!
BTN Sejahtera Mortgage brings an interest rate of 5% fixed throughout the loan term. Additionally, BTN Sejahtera Mortgage has a down payment starting from just 1%! This is because BTN is committed to providing financial solutions that suit your needs. Experience lighter down payment and housing installment burdens, so you can focus more on building a bright future in your family's dream home.

Easy Process, Extensive Cooperation Network, Free Insurance Premium, and VAT!

BTN Sejahtera Mortgage application process is easy and fast, and has an extensive cooperation network with developers throughout Indonesia. Plus with free insurance premiums, VAT, and down payment assistance subsidy of Rp4 million (specifically for landed houses) and administration cost assistance subsidy starting from Rp4 million, making us increasingly trusted to help you step towards home ownership without excessive complexity.

With Sejahtera Mortgage, Making Your Dream Home a Reality is Our Priority!

Don't let the opportunity pass by. Contact us now via email or website to get more information about how BTN Sejahtera Mortgage can help. With FLPP Mortgage, your dream door is wide open. Let's build a better future together starting from inside your dream home!