Although many claim to be faster in the process of managing credit, the fact is that rejection still often occurs. Likewise with applying for home loans. The conditions are more and the process is longer and time consuming.
It is understandable why home loans go through such a long process. Not only the amount of funds disbursed, but the risk that must be borne by the bank if the debtor fails to pay.
So don’t be surprised if the bank doesn’t give word in a week or so. Because banks are very selective in considering the eligibility of prospective borrowers. If it isn’t like that, the number of non-performing loans (NPLs) can increase because many debtors are overdue.
Banks are referred to as banks that are not healthy because of the high number of bank NPLs. Just so you know. According to the applicable regulations, the maximum NPL safe ratio is 5 percent. After that, the bank might lack funds for the next credit distribution.
Well, the question is who are the people who are difficult to get a home loan or have certainly been rejected by the bank? Here goes the answer.
1. People who still have credit installments
Pay off the existing loans first, then apply for home loans. Because if you still bear debt for example a car loan, your application has the potential to be rejected by the bank.
Besides, banks consider it very risky to extend credit to prospective borrowers who are known to still have debt dependents. Because yes it was. Because every month you have to pay two credits, one of them might have one that is not paid or in arrears.
As MoneySmart has explained in previous reviews, the allocation of expenditure for any credit installments is a maximum of 30 percent of monthly income. More than that, it’s impossible for you to get credit from the bank.
2. People with uncertain income
You never read-read not if one of the requirements for applying for a home loan is to provide pay slips and bank accounts for the past three months.
This requirement is used by banks to analyze the ability of prospective borrowers to make installment payments. This is where the analyst will use the 30 percent monthly income formula to ensure the prospective debtor is feasible or not feasible.
It’s safer if you receive income every month on a regular basis. That’s a sign every month you are considered a bank that has enough money to pay for credit.
Unfortunately, this assumption does not apply to freelancers or freelance workers. Why is that? Because the income they receive each month is uncertain every month. It’s only natural to see this bank, so I’m hesitant to give credit to that person.
3. People who do not have a TIN
Do you still have a TIN? Wow, it’s better to take care of it soon. The problem is that having NPWP has many benefits. One of them is you are eligible to apply for a home loan.
For those of you who have read and read the conditions for applying for a home loan, you must already know of this condition. NPWP must be included in the credit application requirements because it is required in the rules made by the Financial Services Authority (OJK).
In addition, having a TIN is a characteristic that indicates that the prospective debtor is a person who is obedient to pay taxes. Obedience of the prospective debtor in paying taxes will be proven by submitting an annual tax return to the bank.
This is why NPWP ownership is a consideration for the bank to decide whether the debtor is eligible for credit or not.
4. People registered on the OJK SLIK blacklist
Don’t be surprised if your home loan application is rejected. It turns out that the bank gives a reason to you if your name is on the OJK SLIK blacklist.
This list was formerly known as the BI Checking blacklist. Now the issue of credit collectibility is the business of the Financial Services Authority (OJK).
And you can find out your name on the blacklist or not by checking it in SLIK OJK instead of BI Checking.
At SLIK OJK you can later see what your credit collectibility looks like. Your collectibility is considered good if you get quality. This dubious collectibility has the potential to be on the blacklist.
To always get quality, you must be disciplined in paying credit installments. Try to be on time. Now, if you have a mortgage in arrears, fix it immediately so that your credit quality does not go down.
So, you already know that people who apply for home loans will be rejected. Hopefully you are not included in the list above.
The problem is that credit applications are rejected until it’s not very tasty. Plans to have a house disappear immediately because they failed to get credit. Do you really want to experience that?