Property Construction and Land Acquisition Financing

  1. Property construction financing is a working capital financing facility provided by the Bank to customers (Developers) who are currently or will be working on property projects with conditional withdrawal and is Non-Revolving.
  2. Land Procurement Financing is an Additional Facility for land procurement intended for the construction of Subsidized housing/Simple Houses whose construction uses Property Construction Financing and is Non-Revolving.
  • Main Product Features
    • Ceiling: Property Construction Financing up to a maximum of 80% of the Budget Plan (RAB) and Land Procurement Financing up to a maximum of 80% of the total Land Procurement Cost
    • Interest Rate: Minimum 11.5% p.a. effective
    • Loan Term/Tenor:
      1. Maximum Financing Facility Term of 5 (five) years adjusted to the estimated project completion while still considering:
        • Customer's financial projections
        • Sales and payment plans from buyers/end users
        • Construction Schedule
        • Must not exceed the land ownership period (SHGB/Right to Build).
      2. Financing Facility Withdrawal Period in accordance with the construction period.
    • Type of Collateral: Minimum 100% of the financing ceiling
  • Benefits
    • To increase the customer's working capital in the context of customer business expansion
    • Installment payments in accordance with unit sales
  • Requirements
    • Application form/financing application letter;
    • Copy of company profile;
    • Composition of Management;
    • Curriculum Vitae (CV) of management;
    • Latest 4x6 passport photo of each management member;
    • Copy of identity proof (ID Card/KTP) of each management member;
    • Copy of the deed of establishment and its latest amendments;
    • Copy of Business Identification Number (NIB);
    • Copy of Taxpayer Identification Number (NPWP) of the business entity;
    • Copy of Permits related to the prospective customer's/customer's business;
    • Approval letter from other partners/commanditers for CV or Firm adjusted to the deed of establishment;
    • Approval letter from the Board of Commissioners for PT;
    • Proof of ownership of additional collateral;
    • Latest tax payment document for the collateral provided;
    • Copy of checking/savings account for at least the last 6 months at Bank Jatim or other banks;
    • Financial statements for the last 2 (two) business periods;
    • For financing applications above Rp10,000,000,000 (ten billion rupiah), it is mandatory to attach financial statements audited by a Public Accountant with at least a Qualified Opinion, excluding obligations to the state (taxes and retributions);
    • Annual Tax Return (SPT) Reporting;
    • For financing applications above Rp10 billion, it is mandatory to submit a Budget Plan (RAB) that has been verified by a supervisory consultant.
  • RIPLAY (Product or Service Information Summary)

For further requirements, terms, or information regarding our products, please contact Bank Jatim Info 14044 or visit a Bank Jatim Branch Office directly.