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Typical Features of a Mortgage Loan – Maybe you’ve read a similar or similar article, but this article is different because we have taken it from a trusted source, following the characteristics of a mortgage loan.

Mortgage is a debt that uses fixed assets as collateral. fixed assets of the company for example buildings, buildings, houses, machines, land and ships.

Companies that need funds to grow to heal various efforts to meet long-term funding needs. You can take ways to increase capital, use retaired earnings or go into debt.

For the long term. Apart from bonds, a mortgage or also known as a mortgage is a type of debt that is most often used.

Generally, the creditors with a mortgage loan scheme are banks. Of course, with certain banking conditions that must be met if you want to get a mortgage loan.

Mortgage maturity is a fairly long period of time. Can be 15-25 years.

After the mortgage loan agreement exists, the creditor or lender will hold ownership of the company’s assets. However, during the installment period, debt and interest payments. The company can still occupy, utilize, and operationalize these assets such as the company’s own fixed assets.

The definition of a mortgage is also known as a ‘claim on property’. If the borrower cannot make mortgage payments. Creditors can confiscate the assets that are used as collateral for the mortgage.

Mortgage interest

# 1. Fixed Interest Mortgages
With this fixed interest scheme. The money borrower will pay the principal and interest loan as agreed. The interest paid has a fixed interest rate. It doesn’t change.

So if in the future the general interest rate fluctuates, the mortgage debt interest rate will not change.
Maybe next month the general interest rate will go up, then the mortgage debt interest rate will not go up. And vice versa. If in the future the interest rate generally decreases. Then the mortgage rate is still fixed.

# 2. Floating Interest Mortgage
There may be other terms which are more precise and more general. The meaning of floating interest is. The interest rate paid under this scheme is not fixed or floating. Follow the bank interest rates that apply in the market.

Maybe this month the mortgage interest rate will be a certain percentage. But in the next period, the numbers may change. It can go down and it can also go up. In accordance with the bank interest rate.

Mortgage Objects
The object of mortgage debt is immovable assets that can be transferred along with all existing equipment. For example, guarantees for all land with ownership rights. Utilization rights and building use rights, such as building houses, factories, warehouses, hotels and so on.

Also Read:Requirements for Carrying Out a Land Mortgage

Ocean boat mortgages.
In Indonesia, ships can become objects for mortgages. The size of a ship that can be used as collateral for a mortgage is a ship measuring 20 m3 (gross) and above.
Typical Features and Nature of Mortgages
The characteristics of mortgages based on the Civil Code are as follows:

Ondeelbar, is a mortgage that cannot be distributed because the mortgage is above all the assets that are its object. This means that if part of the mortgage debt has been paid, part of the mortgage rights are not automatically written off.
Accecoir, is a mortgage is an additional agreement. The main agreement is a accounts payable agreement.
Verhallsrech, Confused how to read it? Berhaalsrecht is the right regarding debt repayment only. Do not have the right to own objects that are guaranteed. However, if it is agreed, the creditor can have the right to sell the collateralized asset under his own power if the debtor commits negligence.

Based on the Civil Code, the properties of mortgages from those in material rights are usually such as:

Absolute, is a right that can be defended against all demands from anyone.
Droit de Suite is a right where the rights follow the assets that are guaranteed to be in whose hands the assets are located.
Droit de Preference, is someone who has the right to prioritize payment of their debts among other lenders. The right here is not affected by the bankruptcy situation or the confiscation of the guaranteed asset.

Requirements for Carrying Out a Land Mortgage – In difficult times, many times people choose the last resort by carrying out a tug, especially during times of this pandemic. Pawnshop is divided into several, one example is land acquisition. The following is an article about the requirements that must be met if you want to carry out land acquisition.

Terms and Schemes of Land Certificated Pawn Business

Then, what are the requirements that must be met to be able to pawn a land certificate? You only need to prepare a copy of your KTP or other valid and official identity card, original land certificate that shows proof of ownership of the land, an IMB if a building is built on the land, as well as a copy of the last PBB payment.

You also need to know that land is productive land on which there are agricultural plants, such as plants, or a permanent livestock pen that can provide results for later buying and selling transactions. So, if you pledge or pledge your land, everything on the land is also included in the collateral.

The sharia pawn business scheme at Sharia Pegadaian is fairly easy and fast, really. At first, you come to the nearest Sharia Pegadaian office with a Marhun or collateral in the form of a land certificate. Don’t forget to bring all the required documents, OK! Just in case, you can bring multiple copies of each document you need.

Then, the officer will check the file you provided. Furthermore, a survey will be carried out along with an analysis related to its business feasibility. If indeed all the files are suitable and the condition of the land being pledged is in accordance with the requirements given, the Sharia Pegadaian officer will approve the loan. Customers will receive Marhun bih or loan money in cash from the officer, or via bank account transfer.

Also Read :Residence Mortgage Eligibility: Deciding Qualification

There are two types that you can choose, namely Regular and Flexible. The Regular type requires monthly installments, while the Flexi type requires a fixed term payment and one payment every 3, 4, or 6 months. Especially for the regular Land Rahn for Flexibility, the payment period given is the same as the Regular Land Rahn.

How easy is it to pawn land certification at Pegadaian? So, don’t just pawn in an untrusted place, OK. You might, your valuables you really can’t have anymore because of cheating that is rife in the pawnshop sector.