Collaboration with BTN, Lamudi Indonesia Presents Online Mortgage Services

There's something new from the portal property marketplace made by Rocket Internet operating in Indonesia, Lamudi Indonesia. Through the collaboration with BTN, now Lamudi Indonesia users can apply for a Public Housing Credit (KPR) online. The presence of this feature is to make it easier for people to apply for a mortgage.

Lamudi Indonesia Managing Director Mart Polman in his media statement said that this online mortgage application was deliberately done by his party to help people apply for mortgages easily.

“By using this online mortgage, people don't have to bother [again] to come to the bank to apply for a mortgage. You just sit in front of the laptop or smartphone then the submission process can happen immediately, “said Mart.

The process of applying for a mortgage through the Lamudi portal itself is fairly simple. After selecting the desired property, users only need to click on the BTN logo or get a KPR menu to later be able to calculate the details of the mortgage funds through the loan calculator.

If the user has completed personal data such as ID card number, city, telephone number, email address, and monthly income when applying for a mortgage, one day later Lamudi will contact the user for the data verification process. Only then will the BTN contact and the mortgage application process can be carried out directly from there.

The online mortgage application feature through the portal property marketplace itself is still relatively new in Indonesia. Several players who have adopted it, namely, Lamudi with bank BTN, Urbanindo with DBS bankand Rumah123 with BNI, Mandiri, and UOB. Beside the portal property marketplace, several players in the sector fintech like CekAja also has the same service.

For your information, at the beginning of this year Lamudi himself succeeded book funding 29 million Euros (around 440 billion Rupiah) from three investors. The funds will be used to develop platform thus enabling Lamudi to achieve its ambition as a market leader, particularly in the countries where Lamudi operates.