MilikiRumah is a property technology platform that utilizes a Rent-to-Own (RTO) financing model to facilitate home ownership for Indonesians who face challenges with traditional mortgage requirements. By allowing users to make flexible payments while living in their desired homes, the platform helps them build equity and improve their chances of qualifying for a mortgage in the future.
Funding
$2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many Indonesians struggle to qualify for traditional mortgages due to strict requirements and credit checks, hindering their ability to achieve homeownership. This is especially true for those with non-traditional income sources or imperfect credit histories.
Solution
MilikiRumah offers a Rent-to-Own (RTO) financing model that provides an alternative path to homeownership for individuals facing challenges with conventional mortgages. The platform allows users to make flexible payments while living in their desired homes, gradually building equity towards ownership. MilikiRumah's "Pra KPR" (Pre-Mortgage) program helps customers improve their financial profile and creditworthiness, increasing their chances of securing a mortgage in the future. The platform leverages AI technology to assess risk and tailor financing options to individual circumstances, making homeownership more accessible.
Target Audience
The primary target audience includes Indonesian individuals and families who are unable to qualify for traditional mortgages due to factors such as inconsistent income, lack of credit history, or a previous KPR rejection. This includes small business owners, freelancers, gig economy workers, and those with imperfect credit scores.
Features
- Flexible payment options, including monthly, weekly, and even daily installments
- AI-powered risk assessment to evaluate applicants with diverse financial backgrounds
- "Pra KPR" program designed to improve credit scores and financial stability for future mortgage approval
- Partnerships with banks to facilitate a smoother transition to a traditional mortgage
- Option to defer large costs, such as taxes and fees, until the end of the rental period
- A selection of pre-approved properties from trusted developers
- Transparent tracking of equity accumulation with each payment