With property collateral, you can apply for the Maybank KPR Multiguna / iB Multipurpose Property Financing facility to meet needs ranging from renovation / construction, car repairs, furniture or household purchases and other needs. In this article, we will discuss in detail about multipurpose loans in terms of benefits, application requirements and application processes that can be done practically and easily.

What is Maybank KPR Multiguna/Multipurpose Property Financing iB?

Maybank KPR Multiguna / Multipurpose Property Financing iB is a credit / financing facility that can be used for various needs by pledging property assets that are already owned by prospective debtors / prospective customers, namely houses, apartments, or shop houses.

The financing contract used in iB Multipurpose Property Financing is the Musyarakah Mutanaqisah (MMq) contract, which is a financing contract in the form of cooperation between two or more parties for property asset ownership.

The types of needs that can be met through Maybank KPR Multiguna / Multipurpose Property Financing iB are quite diverse, including:

• Construction/renovation

Can be used if you have a need to repair building structures or home renovations.

• Purchase of furniture or household appliances

Once you have your dream home, you will need to furnish it with household appliances to create the desired comfort and aesthetics. This fund can be used for purchases such as furniture, home interior decoration, and electronic equipment.

• Car repairs

In addition, the funds received can also be used for vehicle repair purposes, such as routine service, replacement of spare parts, body repair, and car performance improvement to keep it in optimal condition.

Advantages of Maybank KPR Multiguna/Multipurpose Property Financing iB

• Long loan/financing tenor

A long loan tenor of up to 10 years will provide flexibility in managing instalments to suit your financial capabilities.

• Competitive interest rates/rental rates (equivalent rate)

A wide selection of competitive interest rates/rental rates (equivalent rate) that can be adjusted to your needs.

• Flexibility in the use of funds

Funds obtained can be used for various consumption needs.

Interested in applying for Maybank KPR Multiguna / Property Financing Multiguna iB, here are the steps for the application:

• Consult your needs with the bank officer by visiting the nearest Maybank branch office and bringing the required documents. You can also apply for Maybank KPR Multiguna/Multipurpose Property Financing iB online.
• Complete the application with accurate data.
• The bank will verify the documents and the pledged property.
• The pledged property will be valued to determine the collateral value.
• Once the application is approved, the funds will be disbursed to your Maybank Savings within the specified time.

Terms and Conditions that Need to be Considered

Before applying, make sure to fulfil the following terms and conditions:

Terms and conditions:

1. Indonesian citizen
2. Minimum 25 years old, maximum 55 years old (for employees) or 65 years old (for entrepreneurs and professionals) at the time of credit maturity
3. Have a regular income
4. Minimum 3 years of working/business experience
5. Location of residence, place of work and collateral object must be in Maybank operational area

Required documents:

1. Application
2. Copy of husband & wife's ID card
3. Copy of family card
4. Copy of Marriage Certificate/Divorce Certificate/Death Certificate/Premarital Agreement
5. Documents that need to be prepared according to profession:
   • Original work certificate and salary slip (for employees)
   • Copy of Company Establishment Deed and its amendments, SIUP, TDP, Company NPWP (for entrepreneurs)
   • Copy of Practice Permit (for professionals)
6. Photocopy of savings / current account for the last 3 months
7. Copy of personal NPWP
8. Certificate, IMB, building plan, AJB and PBB

You can find more information about Maybank KPR Multiguna here.

For information about Maybank Multipurpose Property Financing iB, you can see here

Let's apply for Maybank KPR Multiguna/Multipurpose Property Financing iB and get a loan/financing limit that suits your needs now!