Buying a house is one of those plans that we put off because we know it’s not cheap and, in reality, no one has the entire amount saved under the mattress. And for those who live in Indonesia and are in this situation, BNI Griya appears to be a very interesting solution.
This home loan from Bank Negara Indonesia (BNI) is one of those financial products that aims to make life easier for those who want to finance a property, renovate, build or even refinance a loan that is already in progress.
The bank's idea is to offer more accessible credit, with lower interest rates, long terms and a certain flexibility that, let's face it, is lacking in other loans.
So if you live in Indonesia and are considering financing a house, apartment or land, it is worth knowing what BNI Griya has to offer.
Why we recommend the BNI Griya loan
First point: the variety of uses. Most financing is rigid and can only be used to buy new or used property, and that's it. BNI Griya is smarter than that.
You can use it to buy a house, apartment, house with a shop, land that is ready for construction, you can build something from scratch, you can renovate what you already have, or you can even take out a loan that you already have with another bank and transfer it to BNI with better conditions.
Second point: the term. The bank gives you up to thirty years to pay. This helps a lot when it comes to making the installments fit into your budget. Instead of getting into a debt that lasts five or ten years, you can extend the term and make it easier on your wallet.
Of course, the longer the term, the more interest you will pay in total, but at least you can breathe easy month by month.
Another thing that helps is the digital process. The bank offers you the possibility of doing the simulation and even the request via e-form, all online, without having to go from bank to bank with a folder of paper under your arm.
This already cuts out a good part of the headache that normally accompanies this type of loan.
Finally, there is the KPR Cermat, an exclusive benefit that gives a discount on the interest rate for those who maintain a reasonable average balance in their bank account.
It's not a fortune that you need to leave unused, but enough to show that you have a reasonably organized financial life. It's a kind of incentive to keep your account active and active, and in exchange the bank gives you lower interest rates.
What can I use the loan for?
This part is interesting because BNI Griya is not only for those who want to buy their dream home. It also serves to resolve other financial issues.
You can use the loan to buy a new house, whether it is newly built or used. It can be an apartment, a regular house, a house with a business attached, the famous “ruko” that is very common there.
There is also the option of buying land that is already ready for construction. In other words, it is not just any piece of land, it needs to be cleared for construction, with up-to-date documentation.
If you already have the land, but are still at the beginning of the project, BNI Griya can also be used to finance the construction of your house. The bank releases the money gradually, as the work progresses, to ensure that the money will be used for that purpose.
Another option is for those who already have a loan with another bank and are paying high installments. BNI Griya allows you to do a “take over”, which is when you transfer the loan from one bank to another, usually in search of better interest rates. Here you can even extend the term and reduce the amount of the installments.
And there is refinancing, which is for those who have already finished paying off a good part of the property and want to borrow money using the house as collateral. This option is good for those who need a larger amount and do not want to take out a personal loan with high interest rates.
Advantages and disadvantages of borrowing
Like everything in life, this loan has good and bad sides. The idea here is not to push the product down your throat, but to show you what really makes sense.
Advantages of the BNI Griya loan
The first advantage is, without a doubt, the lower interest rate. When compared to personal loans or even other mortgages in the region, BNI Griya has very competitive interest rates.
In addition, depending on your relationship with the bank and the average balance you maintain in your account, you can even get a discount with the KPR Cermat.
The long repayment term is also a relief. Thirty years is enough time to pay off any large debt and be able to breathe without compromising your entire salary. This makes things easier, especially for those who are just starting out in life and do not have a very high income.
The online application process also counts for a lot. Being able to simulate and apply online saves time and energy, as well as reducing the need to deal with paperwork and queues at agencies.
Another positive point is the possibility of refinancing or taking over. Not every bank offers this in a clear and simple way. Here, BNI Griya shows that it is more flexible, and that counts for a lot.
Disadvantages of BNI Griya Loan
Now, it's not all sunshine and roses. One downside is that even with the low interest rates, you'll still end up paying a considerable amount over thirty years. It's like the old saying: in the end, the property ends up costing more than the initial value, precisely because of the interest.
Another thing is that the bank requires collateral. In other words, you need to have a property as collateral.
This means that if for some reason you are unable to pay the installments, the bank can take the property. It is not something that happens overnight, but it is a real risk that needs to be considered.
There is also the fact that approval is not automatic. Even if you have income, a clean credit record and everything else, the bank can still reject the application, depending on the credit analysis. It is not just a matter of filling out a form and that's it. You have to go through an evaluation.
How credit analysis is carried out at BNI Griya
BNI Griya's credit analysis takes into account several factors. The bank wants to be sure that you will be able to pay off the loan until the end, so it is natural that they are demanding.
First, they will look at your income. This means you will need to provide proof of your salary, bank account balance, or any other source of income you may have.
The bank will then calculate your ability to pay, usually using a rule that the installment cannot exceed a certain percentage of your monthly income.
Next comes your credit history. Here they will check whether you have had any problems with debt in the past, whether you usually pay your bills on time, and whether you have any other loans in progress.
The cleaner your credit history is and the more stable your credit history, the greater your chances of approval.
The bank also looks at the property you want to finance. It needs to be regularized, with the correct documentation, and free of any outstanding debts. In some cases, they even ask for an appraisal of the property to see if it is worth the amount being requested in the loan.
Finally, there is an analysis of your relationship with the bank. If you are already a BNI client, have an active account, and move money frequently, this may work in your favor.
Long-standing clients with a good track record generally have an easier time getting approved and may even get better terms.
Is there a maximum and minimum loan amount for BNI Griya?
Yes, there is. The minimum amount you can request will depend on the type of financing and the value of the property.
In general, it is not worth requesting a loan that is too low, because the costs involved can make everything more expensive than it should be.
The maximum amount can reach billions of rupees, especially in the case of high-end or commercial properties.
BNI Griya allows loans of up to twenty billion rupees. This is enough money to buy nice things, as long as you can prove that you have a suitable income, of course.
But there's no point in thinking you'll get this ceiling if you earn little or if you don't have a high-value property as collateral.
The amount released is adjusted according to your payment capacity, the type of property and the risk analysis that the bank performs.
Want to apply? Learn how to get a BNI Griya loan right here!
If after all this you understand that this loan is what you are looking for, great. But don't go running around looking for paperwork without knowing what you are doing.
Before anything else, the best thing to do is to simulate the plan. This will give you an idea of the installments, the total amount and the time it will take to pay everything off. Based on this, you can decide whether it is worth going ahead or not.
If you want to continue, just click the button below. There you will fill in your details, attach the documents and follow the next steps directly with BNI.
All without leaving home, without waiting in line and with the chance to get the property you want so much.