Mandiri KPR

Mandiri KPR is a housing loan program from Bank Mandiri that provides you with the opportunity to purchase your own house, apartment, shophouse or combined house and office, whether purchased through a developer or by private sale.

" SE BI No. 15/40/DKMP 24th of September 2013 regarding Secured Loans"

Mandiri KPR Options

Mandiri KPR comes in a variety of options to suit your every need :

  • Mandiri KPR Duo is a Mandiri KPR facility that allows you to purchase a house, apartment or shophouse from a developer, together with a car, motorcycle, furniture or home appliances.
  • Mandiri KPR Take Over is a Mandiri KPR facility that allows you to transfer a loan facility of the same or similar type from another bank to Bank Mandiri, and to access additional funds in line with your needs.
  • Mandiri KPR Flexible is a Mandiri KPR facility that allows you to purchase a house, shophouse, combined house and office or apartment based on flexible repayments from a flexible (revolving) account on an agreed portion of the overall loan for a certain period to ease Your cash-flow.
  • Mandiri KPR Angsuran Berjenjang is a Mandiri KPR facility that allows You to enjoy a "grace period" within Your credit structure by which You will only have to pay certain amount of the principal for the first three years of the loan's term. At the 4th year of the term the loan installments will return to normal

Benefits of Mandiri KPR

  • Competitive interest rates
  • Fast and easy process
  • Easy down-payment
  • Flexible loan terms up to 15 years
  • Bank Mandiri is in partnership with more than 700 Property Developers throughout Indonesia, many of which offer a lot of attractive property purchasing programs

Requirements for Application for Mandiri KPR

  • Indonesian citizen living in Indonesia
  • Minimum age of 21 and maximum of 55 at the end of the loan term for employees and 60 for professional/self-employees
  • Permanent employment and regular income as permanent employee or professional/self-employees, with a minimum period of 1 year employment for employees, and 2 years in business for professional/self-employees
  • Required Documents :
    No Documents Employee Professional Self Employee
    1. Original, fully completed application form
    2. Copy of ID Card of applicant and applicant's spouse
    3. Copy of marriage/divorce certificate (if married /divorced)
    4. Copy of Family Registration Card
    5. Copies of Bank Statement / savings account statement for the last 3 months
    6. Copy of NPWP (Taxpayer Registration Number)
    7. Most recent pay slip / Declaration of Earnings and letter confirming position/job
    8. Copy of most recent balance sheet and statement of earnings
    9. Copy of company deed of establishment and business licenses
    10. Copy of professional practice certificate
    11. Copy of documents proving ownership of collateral: SHM/SHGB, IMB & PBB

Interest Rates

Mandiri KPR Interest Rate
Existing 13.25% p.a. eff (floating)


Commission, administrative fee, insurance premiums (life and loss), appraisal fee, notarial fees, Certificate title transfer fee and pledge of collateral agreement fee

For further information on Mandiri KPR Multiguna Products, please contact:

SE BI No. 15/40/DKMP

Types of Collateral and Building Area (m) Loan to Value (LTV) Based on the Ongoing Credit Facility Order
1st Credit Facility 2nd Credit Facility 3rd Credit Facility etc.
Landed House > 70 m² 70% 60% 50%
Apartment > 70 m² 70% 60% 50%
Landed House 22 - 70 m² - 70% 60%
Apartment 22 - 70 m² 80% 70% 60%
Apartment ≤ 21 m² - 70% 60%
Shophouse / Office-house - 70% 60%

Loan to Value (LTV)*
The maximum possible amount of credit/loan that can be given based on the appraised value of the collateral
A person is planning to buy an apartment with the building area of 35 m2 using a mortgage loan facility and at the present moment already has an ongoing housing loan facility registered under the name of his/her spouse, then the proposed mortgage loan will be considered as the 2nd facility. So if the price of the apartment is Rp. 500.000.000,-, the highest possible amount of credit that can be given in order to purchase the apartment is Rp. 350.000.000,- (Rp. 500.000.000,- x 70%)