Pinhome Launches a Tiered Mortgage Submission Feature

Launch iVestment late last year to facilitate investment for housing developers, pinhome is now launching a tiered mortgage application feature. With this feature, prospective property buyers will get the latest interest rate information on tiered mortgage programs at various banks that offer the program.

To DailySocial, CMO Pinhome Fibriyani Elastria, conveyed the company's plans through the Tiered Mortgage feature this year.

Make it easy to apply for mortgages to banking partners

Today the real estate industry continues to embrace technological innovation. With this feature, prospective property buyers will get the latest interest rate information on tiered mortgage programs at various banks that offer the program. Prospective property buyers can apply for digital mortgage loans to three banks at once.

"With tiered mortgages, it is difficult for prospective property buyers to anticipate interest rates floating so we have more certain funding options for a longer period of time," said Fibriyani.

The Pinhome mortgage feature offers a simulation of an interest rate program that is updated every month following fluctuations in interest rates on the market as well as the ease of submitting a mortgage program online. Now this feature includes the latest tiered interest rates from all conventional and Islamic banking partners.

Conventional banking partners embraced include BNI, CIMB Niaga Bank, Permata Bank, Panin Bank and OCBC. Especially for sharia banks, Pinhome also provides a similar program with sharia principles by collaborating with Panin Syariah, BSI, OCBC Syariah, Muamalat, and Permata Syariah.

"Tiered mortgages are also integrated with iVestment. Prospective buyers of iVestment properties can apply for mortgages via Pinhome and choose a tiered mortgage program," said Fibriyani.

Expand services and innovation

Pinhome also tries to help property searches to home maintenance in one site and application. Until now the company has collaborated with more than 20 thousand agents to provide more than 700 thousand listing different properties in 75% of cities in Indonesia.

In addition, Pinhome has also developed the Property Value Estimation feature, where based on real transactions that occur in one location, Pinhome's artificial intelligence system can calculate property prices based on surrounding facilities, to property details such as land/building area and number of rooms.

"Apart from expanding the funding features, Pinhome will also continue to develop home search and treatment solutions," said Fibriyani.