Be Wise When Buying Property, Become a Smart Mortgage Seeker

Jakarta, 22 February 2025 - PT Bank Central Asia Tbk (BCA) shares insights and tips for choosing a mortgage (KPR), highlighting factors that consumers often overlook. BCA emphasizes that there are many other important aspects consumers should evaluate before selecting a mortgage.

“One important aspect to consider is the external perspective, which allows for proper curation—ensuring that needs are met by the right developer and, subsequently, its relevance to the credit financing bank. We need to assess whether the bank has a credible and reliable reputation. We don’t want to face issues midway after taking out a mortgage,” said BCA EVP Consumer Loan Welly Yandoko during the Mini Studio session at BCA Expoversary 2025 in ICE BSD City, Tangerang Regency, Banten, on Thursday (20/2/2025).

Meanwhile, from an internal perspective, must clearly understand the type of property they need, one that fits their budget and aligns with their financial capacity. There have been many cases where consumers fail to secure their dream property due to errors in selecting the developer/seller and the mortgage provider. Therefore, selecting the right developer and bank are two crucial factors.

“There are banks that initially have a fast process and low interest rates, but once the loan term ends, the documents are disorganized or completely missing. This could potentially become a problem in the next 10 or 20 years. That’s why it’s crucial to pay attention to these essential criteria from the start,” Welly added.

Olivia Louise, a social media enthusiast who actively discusses property issues and financial planning, states that mortgage consumers nowadays are quite advantaged by advancements in information technology. Checking a developer’s credibility through their track record and customer satisfaction has become easier than ever.

“We can easily check the developer’s track record on social media and Google, how the previous constructions were, and assess the surrounding environment of the house. Then, don't forget to check its legality to ensure there are no duplicate documents,” explained Louise on the same occasion.

Olivia compares mortgage installments to a journey to a distant destination. Various transportation options are available, each with different costs, time, and energy. Consumers with larger budgets tend to choose air travel, while those with smaller budgets might opt for the bus. “This is essentially like mortgage installments. No matter which mode of transportation is chosen, it will still get you to your destination. However, if we choose to take the bus, we need to understand how to select the right bus, decide on the best route, and ensure the bus doesn’t break down or get stuck in traffic along the way,” Olivia added.

As one of the mortgage providers, BCA has proven to achieve remarkable success. This is evident from its total consumer loan portfolio, which grew by 12.4% YoY, reaching IDR 223.7 trillion, supported in part by mortgages that increased by 11.2% YoY to IDR 135.5 trillion.

BCA SVP Consumer Loan Handy Weriko added that the success of mortgage lending, particularly in the mortgage segment, is closely tied to BCA’s selective approach in all aspects, especially regarding developers and the properties being marketed. This selectiveness includes assessing the developer’s reputation, property location and accessibility, fair pricing, and, most importantly, legal compliance, ensuring all required documents are valid.

“We want to help our customers secure their homes with peace of mind. So, even with a mortgage term of 10 to 20 years, they can still sleep soundly, in line with BCA mortgage’s tagline, #TenangDuluan,” said Handy.

During BCA Expoversary 2025, BCA is offering special mortgage rates starting from 2.68% eff.p.a. fixed for three years with a required fund placement, a provision fee of 0.68%, and a 50% discount on administrative fees. For BCA vehicle loans (KKB), a flat interest rate of 2.88% p.a. is available for two- and three-year tenors, along with a 0% down paymentprogram. Meanwhile, for BCA motorcycle loans (KSM), a 0% down payment program is also available.

Customers can discover a wide selection of dream homes from 21 developers available offline. Additionally, they can explore their ideal property online, browsing over 360 projects from 168 developers, 96 property agent offices, and more than 1,800 property listings in various cities.

BCA also offers special deals for BCA Solitaire and Prioritasy customers at the BCA Expoversary 2025, including a 50% discount on mortgage (KPR) administration fees, a 0.5% discount on mortgage provision fees, special KKB administration fees, special interest rates and pre-approved BCA motorcycle loans with a maximum value of IDR 200 million, additional mutual fund units up to IDR 17.5 million for investment product purchases, attractive offers from housing developer partners, as well as a 15% discount on travel insurance and savings on vehicle own-risk costs from BCA Insurance.

BCA Expoversary 2025 is being held offline at ICE BSD City, Tangerang Regency, from 20 to 23 February, and online via the website https://expo.bca.co.id from 20 February to March 31. During BCA Expoversary 2025, visitors have the opportunity to enjoy exclusive offers on gadgets, home appliances, fashion, beauty products, travel, and locally made products from MSMEs supported by Bakti BCA and BCA Bangga Lokal.

Picture Information:

Insights on Mortgage at BCA Expoversary 2025 - BCA EVP Consumer Loan Welly Yandoko (center right), along with BCA SVP Consumer Loan Handy Weriko (center left) and financial planner Olivia Louise (left), disclose key insights that consumers need to know before committing to a mortgage, which many people are unaware of. This warm discussion was held during a Mini Studio session at the BCA Expoversary 2025 in ICE BSD, Tangerang.