“BP Jamsostek’s MLT Loan and Mortgage Services through JMO Application for Participants in Jakarta”

Jakarta –

BPJS of Employment (BP Jamsostek) provides additional service benefits (MLT) for its participants. Not only getting collateral claims, now participants can apply for loans and Home Ownership Credit (KPR) through the Social Security Mobile (JMO) application.

The main director of BPJS Ketenagakerjaan, Anggoro Eko Cahyo, said that this additional loan service was provided with the intention of providing convenience for participants. This is reflected in the large number of workers who are trapped in online loans (pinjol) with high interest.

“We see that many of our participants or workers are trapped in loans. So at JMO we have prepared standby funds. We work with banks, we make sure that these banks provide reasonable pricing according to OJK regulations, not like loans,” he said in a public expose at his office, South Jakarta, Friday (12/5/2023).

JMO is the official application of BPJS Ketenagakerjaan which functions as an information service medium for checking balances and membership status. In addition, at this time you can make loans and mortgages.

In this additional service, his party is working with the Association of State Banks (Himbara) and Bank RAYA. Where, the conditions given are easier than banking and of course the interest is lower, unlike loans.

“We are developing several additional features in JMO. We will only focus on features that are useful for participants. JMO can also be used to apply for housing loans,” he said.

Even so, loan and mortgage application services in the JMO application are only available for Android devices. Following are the conditions:

Requirements for Applying for Standby Fund Loans:

1. Submissions can only be made on the JMO application
2. Have a BRI or Bank RAYA payroll account
3. Minimum salary of IDR 3 million
4. Maximum age of 55 years
5. Working experience of more than 2 years in the last company
6. Is an active participant in BP Jamsostek and is not in arrears of contributions
7. Ceiling of IDR 500 thousand to IDR 25 million with a tenor of up to 18 months
8. Interest 1.24% flat/month
9. Get a benefit of IDR 25,000 which will be credited to a BRI or Bank RAYA payroll account.

Requirements for submitting a mortgage:

1. Loan for a site house or apartment building
2. KPR maximum IDR 500 million
3. The maximum credit term is 30 years
4. Including the transfer of general mortgages to MLT (overcredit) mortgages.
5. BP Jamsostek participants for at least 1 year
6. The company where the participant works has an orderly administration of membership and contributions
7. Do not have your own house as evidenced by a stamped letter
8. Participants are registered for at least 3 programs (JHT,JKK,JKM) and actively pay dues.
9. Non-company partial list (PDS) of wages, labor and programs
10. Has received approval from the BP Jamsostek branch office regarding the membership requirements as evidenced by a recommendation form
11. Participants whose wife or husband is also a participant in BP Jamsostek are only allowed to apply for 1 KPR
12. Fulfill the terms and conditions related to mortgages that apply to the channeling bank and the provisions of the authority that regulates the banking business sector.

(aid/eng)