Here are Five Factors Causing Housing Loan Rejected by Bank
By : Ahmad Fadli And Aldi Firhand. A | Thursday, November 30 2017 - 13:47 IWST
Illustration of Property Decline
INDUSTRY.co.id - Jakarta - Applying for Housing Loans (KPR) is currently mostly chosen to buy a house. But did you know that not all mortgage submissions will be approved by the bank, many of which are actually rejected for various reasons.
The following are the factors that led to the mortgage rejected by the bank. Check one by one. who knows one of them being the reason banks refuse your mortgage submission.
Completeness of documents for the submission of KPR is vital. The bank will refuse the mortgage application if the document is incomplete. Then keep in mind if you have met all the requirements requests from the bank. Make sure all requested documents are provided. If you miss one, of course this means rejection.
Usually banks are already working with several property developers. The developer is considered capable and reliable. If you get a home outside of the developer working with the bank, the bank will rethink. Banks should re-check the quality of your developers. If the developer is in good condition, the KPR process can run. However, if the developer is included in the black list, then the KPR is rejected by the bank.
This can also be a factor why your KPR is rejected. Sometimes, there is the issue of multiple ownership status. Usually, this happens in a used house. Not on the house offered by the developer. Can also house or land is still a dispute.
This is a consideration of the bank to refuse the submission of mortgages. In other words, the bank will provide mortgages if the condition of the house is not a problem. In addition, the house documents must also be settled.
Customer's Red Card
To get a mortgage, you must have a good image in the eyes of the bank. Banks will reject customers who have had problems with the bank. For example, the customer has been exposed to the case of repayment of the installment. Alternatively, clients are exposed to other legal cases. So your reputation is also considered by the bank to accept or reject your mortgage.
Ability to Pay
Banks typically provide a benchmark of 30% of income per month to pay mortgages. However, there are some banks that dare to peg up to 40%. You are said to be able if you have a steady income. And, you can also be verified by the bank. In addition, your savings balance must also qualify.