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The House Loan Agreement is a crucial document used in Indonesian property financing transactions where a financial institution provides funding for residential property purchase, construction, or renovation. This agreement is essential for both the lender and borrower as it clearly defines their rights and obligations under Indonesian law. The document must comply with various regulations including the Indonesian Civil Code, Banking Law, and specific OJK regulations regarding property financing. It typically includes detailed provisions about the loan amount, interest calculations, repayment terms, property details, and security arrangements through Hak Tanggungan (mortgage rights). The agreement also addresses insurance requirements, default scenarios, and enforcement mechanisms, making it a comprehensive document that protects both parties' interests while ensuring regulatory compliance.

1. Parties: Identification of the lender (typically a bank) and borrower(s), including their complete legal names, addresses, and identification numbers

2. Background: Context of the loan agreement, including the purpose of the loan and brief description of the property being financed

3. Definitions: Definitions of key terms used throughout the agreement

4. Loan Details: Specific details of the loan including principal amount, interest rate, term, and purpose

5. Property Details: Complete description of the property being financed, including legal title information and address

6. Security and Mortgage: Details of the mortgage (Hak Tanggungan) and any other security arrangements

7. Disbursement: Terms and conditions for the disbursement of the loan

8. Repayment Terms: Payment schedule, method of payment, and prepayment provisions

9. Interest and Fees: Detailed breakdown of interest calculation, applicable fees, and charges

10. Borrower's Representations and Warranties: Statements and guarantees made by the borrower regarding their capacity and circumstances

11. Borrower's Obligations: Ongoing obligations of the borrower during the loan term

12. Events of Default: Circumstances constituting default and consequences thereof

13. Lender's Rights and Remedies: Actions the lender can take in case of default or breach

14. Insurance: Required insurance coverage for the property and terms related to insurance

15. Notices: How formal communications between parties should be made

16. Governing Law and Jurisdiction: Confirmation of Indonesian law as governing law and jurisdiction for disputes

17. Miscellaneous: Standard boilerplate provisions including severability, entire agreement, and amendments