APHT and SKMHT: Definition, Functions, Terms, and Costs

If you want to apply for an installment for a mortgage, there are documents that must be met as a supporting requirement for credit applications, such as SKMHT and APHT. The following is an explanation of the two documents.

Understanding APHT

APHT is an abbreviation of the Deed of Granting Mortgage. So, APHT is a document that regulates the terms and conditions related to the granting of mortgage rights from the debtor (who owes) to the creditor (who gives credit).

The granting of this right aims to be used as collateral so that the debtor is responsible for paying his debts to creditors. Objects that can be used as APHT are valuables belonging to the debtor, such as houses, land, and so on. If the guarantee is owned by more than one person, then all the owners must sign the APHT.

Definition of SKMHT

SKMHT is an abbreviation of Power of Attorney to Give Mortgage Rights. That is, SKMHT is a power of attorney needed if you want to buy a house on credit if the land ownership certificate is still in use in the name of the owner develop. So in this condition, APHT cannot be charged directly. However, this power of attorney is not required if the house is already owned by an individual.

SKMHT function

SKMHT serves to serve as a power of attorney to the bank as a creditor to represent the parties developer in providing the burden of mortgage rights by signing the APHT. For example, you want to apply for a Home Ownership Credit (KPR) to buy a house, but the building certificate is still in your name. develop. So, the developer must issue the SKMHT given to the bank so that the APHT will immediately carry out the signing process.

APHT function

So, if you want to apply for a mortgage installment, APHT is one of the requirements that you must complete. This APHT is very taken into account when you apply for a mortgage installment, because APHT is a guarantee that you will pay off a bank loan.

Requirements for making APHT

If you want to create an APHT, there are several conditions that need to be met, including:

1. Make a mortgage agreement that guarantees that the borrower will pay the debt.
2. Fill in mandatory information, such as: the identity of the giver and holder of the mortgage, the addresses of both parties, a detailed explanation of the payables and receivables, and the value of the mortgage including the object of the mortgage.
3. If the borrower is unable to pay off the debt, then the object of the mortgage will belong to the giver.

Requirements for making SKMHT

The following are the requirements for making SKMHT:

1. Does not contain the power to provide other legal actions, but only related to the imposition of mortgage rights.
2. Does not state the existence of a substitution power.
3. Write clearly the object of responsibility, the amount of credit and the identity of the creditor and debtor.

APHT and SKMHT fees

This APHT fee ranges from 0,25% of the 125% credit value. However, the price may change following the notary's policy.

Credit Application Process

There are three credit application processes, namely:

1. Credit agreement

Fill out a letter of credit agreement issued by the creditor as a condition of the loan agreement. The letter contains matters agreed upon by the parties, including a statement that the debtor is willing to pay the debt.

2. Debt Confession

Make a debt acknowledgment letter witnessed by a notary. The letter acknowledges that the debtor is in debt and states that the creditor accepts the request for debt.

3. APHT

After the two letters have met the requirements, the next step is to take care of the APHT. APHT is signed by the creditor and the parties involved in the ownership of the mortgage object.

So, APHT and SKMHT are different, right!