Take Over KPR: Types, Terms & Tips

Learn what is taking over mortgages, ranging from the type of Take Over KPR, requirements, to tips to make it more profitable. Suitable for those who want lighter & safer installments.

Having your own home is still a dream of many people, and one of the most popular ways to make it happen is through home ownership loans (KPR). However, a person’s financial condition can change over time. There are times when homeowners want to sell property that is still in installments, or even new buyers are interested in continuing the installments. This is where the term Take Over KPR appears.

For those of you who are looking for a house or want to move mortgage installments to other banks, it is very important to understand what Take Over KPR is, the types, to the requirements for submitting. This article will discuss complete so you can consider financial steps more mature.

Also read: Blacklist Bi Checking: Meaning, How to Check, and Tips to Avoid

What is Take Over KPR?

Take Over KPR is the process of transferring home loans from the old debtor (the first owner) to another party. This process can occur in two forms: Take over between banks (transferring installments from old banks to new banks with lower interest) or take over between debtors (continuing house installments from old owners to new buyers). Simply put, you did not start mortgage installments from scratch, but continued the installments that were already running.

There are several common reasons why people take over the mortgage, such as:

• Looking for lower interest in other banksso that the installments per month are lighter.
• Sell ​​houses that are still in installmentsSo that buyers can immediately continue payment.
• Help new buyers faster to have a houseWithout having to bother applying for a new mortgage with a long process.

If managed well, take over KPR can be an intelligent financial strategy. Sellers can quickly pay off their obligations, while buyers or debtors can only get a house with a more flexible installment scheme.

Types of Take Over KPR

1. Take over the bank

This type is the most common. The debtor moves mortgage installments from one bank to another. Usually done because new banks offer lower interest rates, more flexible tenors, or promo administrative costs.

Example: KPR installments at Bank A are heavy because the interest is 12%, then you move it to Bank B that offers 9%interest.

Costs that need to be prepared:

• Evaluation (Review of the house).
• Notary & Legal Documents (APHT, SKMHT).
• Insurance (Soul & Fire).
• Bank provision (about 0.5 – 1% ceiling).
• Penalty fee (1-3% of the remaining installments in the old bank).

💡 Tips: Make sure to re-count all the costs to make it really cheaper after moving the bank.

2. Take a house

This happens when the homeowner sells his house which is still in installments, and new buyers continue their installments.

In this process, there are three parties involved: the first buyer, new buyer, and the bank. After passing the credit analysis, new buyers will sign the Sale and Purchase Deed (AJB) and the Power of Attorney to provide Underwrits (SKMHT).

✅ Strengths: The process can be faster than proposing a new mortgage.
❌ Weaknesses: The administrative process is slightly longer because there is a transfer of debtor names.

3. Take over under the hand

This type is often considered a “shortcut” because it only involves sellers and buyers without the knowledge of the bank. The process looks easier, but the risk is very high.

Some risk take over under the hand:

• Legal dispute Because the bank does not recognize the transfer.
• House certificate is difficult to take Although installments are paid off.
• No legal protection If one party default.

⚠️ Therefore, take over under the hand not recommended. It is better to continue to involve banks so that transactions are safe and legal.

Also read: Property Investment Guide: Definition, Type & How

Requirements for submitting a mortar take over

Each bank can have different rules, but in general the required documents are:

• KTP & KK Debtur old and new.
• NPWP.
• Latest salary slip / proof of income.
• Savings account (last 3-6 months).
• Photocopy of Credit Agreement & Installment Payment History.
• Photocopy of House Certificate (with a bank stamp).
• Latest IMB & UN.

In addition to documents, the bank will also do Credit Analysis (BI Checking/Slik OJK) To see your loan history. So, make sure your credit score is healthy before submitting.

Simulation Take Over KPR

To be clearer, try to see the following simulation. For example there is a house for Rp. 500 million with a mortgage running for 10 years, installments of Rp. 5 million/month, interest 10%. Then you take over over to another bank with 8% interest remaining 8 years.

👉 Save up to Rp. 48 million only from lower interest.

Tips before taking over the mortgage

1. Calculate the total cost carefully

Do not just fixate on lower flowers. Also calculate the penalty fee from the old bank (usually 1-3% of the remaining principal), notary fees, appraisal houses, insurance, to administrative costs at the new bank. That way, you can know whether Take Over really saves, or even more expensive.

2. Check and guard your credit score

The bank will definitely assess your credit history through BI Checking/Slik OJK. If your credit score is bad or there is still arrears, the submission of take over can be rejected even though the ability to pay is sufficient. So make sure to always be disciplined to pay installments on time, and use applications like Scorelife to monitor the credit score before submitting.

3. Make sure the legality is safe

Avoid taking over by mortgage under the prone to legal disputes. Always involve the bank and notary so that the documents are valid in the eyes of the law. That way, you have protection if one day there is a problem.

4. Adjust to financial conditions

Lower installments are tempting, but don’t just look at monthly numbers. Also consider a longer tenor, total interest paid, and your overall financial condition. Make sure take over really makes financial lighter, not adding to new burdens.

Also Read: What Is Grace Period? Understanding, benefits, and examples

SCORTLIFE can help the take over process easier

One of the keys to the success of taking over the mortgage is to have healthy credit score. Well, in the application Scorelifeyou can:

• 🔍 Check Credit History & Credit Score In real-time.
• 📊 Scorpine: Manage all credit cards in one portal, can analyze the pattern of use so that finances are more controlled.
• 💡 Credit application opportunities: See the possibility of approved when submitting mortgages, vehicle loans, to private loans.
• 💳 Financial management: Get a recommendation for arrears payment & how to repay installments effectively.

That way, you can be more confident when applying for a KPR take over or other loans.

Conclusion

Take Over KPR is a flexible solution For homeowners and prospective buyers to get lighter installments, competitive interest, or accelerate the process of home ownership. There are three types of take over that you need to understand: between banks, buying and selling houses, and under the hand (which should be avoided).

Before deciding, make sure you have calculated all costs, prepare documents, and keep the credit score healthy. With the help of ScorelifeYou can more easily monitor credit scores and manage financial strategies so that the take over process runs smoothly.