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Goody222 Member

Member since 28 December 2017

Goody222Member29 January 2018 13:52:54

Hi would like to know how to get loan for a villa
Cheers ian

Ubudian Indonesia Expert

Member since 28 January 2013

UbudianIndonesia Expert29 January 2018 15:19:09

3199

It appears from your profile that OZ is your home country. You would be far better off taking a loan out on some collateral you hold there for any funds you need towards a lease on a villa here. Your chances of getting any sort of bank financing here in Bali is very slim...in fact, almost none.

Some of large multi-unit complex developers (most common in southern Bali) often will provide a partial financing package on deals they offer, but that's all you'll find available for foreigners.

Fred Indonesia Expert

Member since 02 August 2009

A smile is the universal welcome.
Max Eastman

FredIndonesia Expert29 January 2018 21:47:31

28303

Goody222 wrote:
Hi would like to know how to get loan for a villa
Cheers ian

The post above explains what is likely the best way to get a loan for a lease.

To get a loan to buy, go to any back street loan shark or the nearest mental hospital as that's the only way you'll get a loan here to make an illegal land purchase.

abdulkhalil Banned

Member since 19 January 2017

abdulkhalilBanned29 January 2018 23:48:23

684

The interest rates are so terrible for loans in Indonesia. Better do as Ubudian suggests, or forget trying for a long term lease and just rent for 1 or 2 years and keep renewing.

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