Borrowing from banks is one of the common ways used by people to obtain large amounts of funds. The process is indeed structured and involves several stages, but with proper understanding, loan applications can be done more easily. In 2025, based on regulations issued by Bank Indonesia (BI) as the central bank and with the development of financial technology, many banks provide convenience in the application process, both directly and through online applications.
This article will discuss the main requirements that need to be met to apply for loans at BTN, as well as some tips so your loan application can be approved quickly.
Key Takeaways:
- Applying for bank loans requires preparation, especially in terms of requirements and documents
- BTN has various types of loans that can be adjusted to needs, from property credit to consumer and business credit
- Make sure to choose the type of bank loan that suits your needs and ability to pay installments, so the loan doesn't become a burden later
Types of Loans Offered by BTN
Bank Tabungan Negara (BTN) is known for various loan products that focus on property financing, but also offers other loans.
Here are several types of loans available at BTN:
1. Home Ownership Credit (KPR BTN)
BTN is famous for its KPR products, which are specialized for purchasing properties such as houses, apartments, or shophouses. This type of KPR is divided into several categories:
Subsidized KPR BTN Specifically for low-income people with low interest rates and government subsidies. This loan is often used for purchasing subsidized housing.
Non-subsidized KPR BTN Loans for home purchases with regular facilities, aimed at people who can pay installments without subsidies.
Sharia KPR BTN For those who want to buy houses with sharia schemes that don't use interest systems, but use contracts like Murabahah or Musyarakah.
KPR BTN for Apartments Loans used to buy apartment units, both newly built and completed ones.
2. Home Collateral Credit (KAR BTN)
Home Collateral Credit is a type of loan that uses property as collateral (guarantee). KAR BTN allows customers to borrow funds by guaranteeing their owned property, whether houses or apartments.
Regular KAR BTN Loans with house collateral that can be used for various purposes, such as home renovation, education, or other personal needs.
Sharia KAR BTN Similar type of loan, but using sharia principles with certain contracts like Murabahah.
3. People's Business Credit (KUR BTN)
KUR BTN is a loan specifically for micro, small, and medium enterprise (MSME) actors who want to develop their business. This loan is usually given with low interest because it receives government subsidies.
Micro KUR Aimed at small businesses with lower maximum loan amounts.
Small KUR For business actors who need larger loan funds for business development.
4. Working Capital Credit (KMK BTN)
This loan is specifically for business actors who need working capital for operations or business expansion. BTN provides Working Capital Credit both with and without collateral depending on the type of business and the size of the loan applied for.
5. KPR BTN Build House
Loans provided for house construction. This type allows customers to build houses with light installment payment schemes.
6. BTN Pension Credit
This loan is aimed at retirees who need funds for various needs, with installment payment schemes from received pension funds.
7. KPR BTN Tapera
This program collaborates with BP Tapera to facilitate housing financing for workers registered in the Tapera program. This loan provides convenience for workers to own houses with assistance from People's Housing Savings.
8. KRING BTN
KRING BTN is credit given to ASN employees, BUMN/BUMD, TNI/POLRI, and private sector for multipurpose needs using only Employee Decree.
General Requirements for Money Loans at BTN
Loan applications at Bank Tabungan Negara (BTN) require fulfilling several requirements that vary depending on the type of loan.
However, in general, here are the requirements for money loan applications at BTN in 2025:
General Requirements
These are requirements that must be met by all prospective borrowers, both for KPR loans and other types of loans:
Indonesian Citizen (WNI): Borrowers must be Indonesian citizens who have valid ID cards.
Minimum and Maximum Age:
- Minimum age: 21 years or already married
- Maximum age: Usually 55 years at loan repayment for employees, and up to 65 years for entrepreneurs or professionals, depending on loan type
Regular Income: Borrowers must have regular income or well-running businesses. Income proof such as salary slips or financial reports will be required.
BTN Account: Usually, customers applying for loans must have accounts at BTN for transaction convenience and loan management.
Good Credit History: Banks will check borrowers' credit history through OJK's Financial Information Service System (SLIK). Borrowers with bad credit history will likely be rejected.
Collateral (for secured credit): For types of loans requiring collateral, such as Multipurpose Credit, collateral in the form of assets like property or vehicles needs to be submitted.
Required Documents for BTN Loan Applications
To facilitate the verification process, BTN requires document completeness as follows:
- Photocopy of Identity Card (KTP): As proof of identity
- Photocopy of Taxpayer Identification Number (NPWP): Required for large amount loans
- Photocopy of Family Card (KK): Proof of family status
- Salary Slip or Income Certificate: To ensure borrowers have stable income, especially for employees
- Bank Statement or Account Mutation for Last 3 Months: To see fund flow and evaluate prospective borrowers' financial health
- Work Certificate: For employees, a letter from the company stating that the borrower actually works there is required
- Photocopy of Certificate or BPKB (for secured loans): If the loan requires guarantee, this document is needed as proof of asset ownership to be collateralized
- Business License or SIUP (for entrepreneurs): If the borrower is an entrepreneur, SIUP is required to prove business continuity
Additional Requirements for Several Types of BTN Loans
Subsidized KPR BTN:
- Maximum income of married couples must meet government-set income limit provisions for subsidized KPR
- Not owning a house previously
- Meeting house location requirements adjusted to government provisions
Non-subsidized KPR BTN:
- Collateral in the form of purchased property
- Down Payment (DP) minimum usually 10-30% of property value
BTN Multipurpose Credit:
- Collateral in the form of property or other assets whose value matches the applied loan amount
People's Business Credit (KUR BTN):
- Business running for at least 6 months
- Business license or business certificate from local officials
- Not currently receiving credit from banking except consumer credit, such as KPR, KKB, or credit cards
BTN Loan Application Process
After meeting requirements and completing documents, here are the steps for loan application at BTN:
1. Application Submission
Borrowers can submit loan applications by filling out forms at BTN branch offices or through balé by BTN for some types of loans.
2. Credit Analysis
BTN will conduct verification and credit analysis based on submitted documents, credit history, and borrowers' financial capability.
3. Survey and Assessment (for secured loans)
If loans use collateral, banks will send teams to assess collateralized assets.
4. Loan Approval
If all requirements are met and credit analysis is approved, borrowers will receive credit approval letters.
5. Fund Disbursement
After all requirements and final documents are met, loan funds will be disbursed to borrowers' accounts.
Tips for Loan Application Approval
Here are some tips for loan applications to be approved by banks, including BTN:
1. Ensure Good Credit History
Check Credit History: Before applying for loans, make sure your credit history is clean. Banks will check loan history through OJK's Financial Information Service System (SLIK). Avoid payment delays or defaults in previous loans.
Settle Outstanding Loans: If you have installments that aren't paid off, make sure to settle them first. Banks tend to approve loans for customers who don't have arrears.
2. Apply for Loans According to Financial Capability
Calculate Carefully: Before borrowing money from banks, calculate how much installments you can pay each month. Banks usually approve loans whose installments don't exceed 30% of your total monthly income.
Choose Suitable Loans: Match loan amount and tenor with needs and capability. Loan applications that are too large compared to income can cause rejection.
3. Complete Documents Correctly
Complete Documents: Make sure all documents requested by banks, such as ID cards, salary slips, bank statements, and other documents, have been prepared and complete. Document shortages can slow down the process or cause rejection.
Don't Give False Information: Providing inaccurate or false information, such as income data or employment status, can cause application rejection. Banks will verify all information you provide.
4. Ensure Collateral Has Sufficient Value (If Required)
Adequate Collateral: If applying for bank loans with collateral, make sure the collateral has adequate value according to the applied loan amount. Banks will assess collateralized property or assets and determine whether their value is sufficient as guarantee.
Choose Stable Collateral: Choose assets whose value tends to be stable, such as property, land, or motor vehicles.
5. Keep Debt-to-Income Ratio Low
Consider Existing Debt: Banks will look at how much debt you currently have. If you have too much debt compared to income, banks might reject loan applications. Make sure your debt-to-income ratio isn't too high.
Pay Debt on Time: If you have other loans, make sure to always pay installments on time to maintain good credit reputation, both in secured and unsecured credit.
6. Choose Realistic Loan Tenor
Match Tenor with Capability: Choose payment period (tenor) that suits your financial capability. Longer tenor usually results in lower installments, but total interest paid will be larger. Banks are more likely to approve loans with realistic tenor.
7. Have Bank Account Where You Apply for Loans
Active Account: Some banks, including BTN, prefer prospective borrowers who have active accounts at that bank. Make sure your account has healthy fund flow and no transaction problems.
Account with Smooth Mutation: Banks will assess your bank statements or account mutations to see financial stability. Make sure fund flow in your account is smooth in recent months.
8. Apply for Loans at the Right Time
Right Timing: Applying for fund loans at the right time, such as when you don't have large debt burdens or after getting salary increases, can improve approval chances.
Pay Attention to Interest Rates: Apply for loans when interest rates tend to be low so installment burdens aren't too high. Some banks offer low interest promotions at certain times.
9. Use Suitable Loan Schemes (Sharia or Conventional)
Choose the Right Loan Scheme: If you're more comfortable with sharia principles that don't use interest, choose sharia loans. BTN, for example, offers both conventional and sharia loan options.
Know Requirements for Each Scheme: Each loan scheme has different requirements. Make sure you understand and meet requirements from the chosen scheme.
