Owning a shophouse (ruko) is one of the smartest property investments you can make — whether you run your own business there or rent it out to tenants. But even successful shophouse owners sometimes need extra funds for things like business expansion or renovations.
One solution worth considering is a shophouse certificate loan. This type of financing lets you unlock cash by using your shophouse ownership certificate as collateral.
So, what are the requirements, and how do you apply? Here's everything you need to know.
Can a Shophouse Be Used as Loan Collateral?
Just like residential properties, shophouses can also serve as loan collateral. Here's why lenders consider them solid collateral:
1. High Property Value
Shophouses are typically located in strategic, high-visibility areas — business districts, commercial centers, near schools, office areas, or major roads. This prime positioning keeps shophouse values high and stable.
As a result, banks and financing institutions view shophouses as highly liquid collateral, giving borrowers a real shot at securing a larger loan amount based on the property's value.
2. Clear Legal Standing, Easy to Verify
A shophouse with clean legal documentation and a complete ownership certificate gives lenders strong legal certainty. This includes original ownership documents such as SHM (Freehold Title Certificate) or SHGB (Building Use Rights Certificate).
Complete documentation makes it faster and easier for banks or financing institutions to verify ownership and assess risk accurately.
3. Bigger Loan Potential
Shophouses are high-value property assets, especially when well-maintained and strategically located. Loan amounts typically range from 60–80% of the property's value, depending on the lender's policy, appraisal results, and the borrower's credit assessment.
4. More Productive Than Residential Property
Because shophouses can be used for income-generating purposes like running a business, they carry more economic value than a typical home. This makes lenders more confident in approving loan applications backed by a shophouse.
When Should You Apply for a Shophouse Certificate Loan?
A shophouse certificate loan is ideal if you need a large amount of cash for needs such as:
- Business capital: Planning to start a new business or grow an existing one? This financing option can fund your operational costs, help you open a new branch, or scale up production capacity.
- Shophouse renovation: A well-maintained, presentable business space boosts your brand image and attracts more customers — but renovations rarely come cheap. A loan can make that upgrade possible.
- Education costs: Planning to pursue higher education domestically or abroad, for yourself or your child? A certificate-backed loan can help cover those expenses.
- Medical needs: Medical expenses often arrive unexpectedly and can be substantial. This loan can help you cover treatment or care costs when you need it most.
- Other personal needs: Including productive asset purchases or refinancing.
Shophouse Certificate Loans at BFI Finance
When choosing a financing institution, make sure to pick one with a solid reputation and a transparent process. This helps minimize risk and ensures you get the best service for your financial needs.
BFI Finance is one financing institution worth considering. It offers a range of collateral-backed loan products, including loans secured by house, shophouse, and shop-office (ruko/rukan) certificates.
A shophouse certificate loan at BFI Finance offers flexible fund usage along with a relatively quick and simple application process. Interest rates are competitive too, starting from 0.54% per month with tenors of up to 7 years.
Loan disbursement amounts range from Rp100 million to Rp5 billion, depending on the value of the shophouse used as collateral.
As part of its commitment to maintaining credit quality, BFI Finance requires every prospective borrower applying for a house, shophouse, or shop-office certificate loan to go through a BI Checking/SLIK OJK and Pefindo credit assessment to ensure eligibility and a healthy credit history.
Requirements for a Shophouse Certificate Loan
To apply for a loan at BFI Finance, you'll need to meet several requirements — both related to your documents and the condition of the collateral. Here are the key requirements:
1. Applicant Profile Requirements
The first set of requirements relates to the applicant's profile or identity, ensuring the applicant is a clearly identifiable and accountable individual:
- Indonesian citizen (WNI)
- Aged 21–65 years old
- Marital status: single, married, or divorced
- Residence status: self-owned, spouse-owned, family-owned, or annual rental
- Minimum 2 years of work experience as a permanent employee or self-employed professional
- Business or profession must not involve any illegal activity
2. Supporting Document Requirements
Supporting documents are needed to verify the applicant's data and ensure a smooth loan process. Here's what you'll need to prepare:
- Copy of applicant's ID card (KTP), and spouse's if married
- Copy of Family Card (KK)
- Taxpayer Identification Number (NPWP)
- Marriage certificate or marriage book
3. Shophouse Profile Requirements
The shophouse itself must meet certain criteria to ensure it holds strong resale value and qualifies as collateral:
- The shophouse is occupied and is a permanent structure
- Eligible shophouses must be located within a cluster, complex, or residential area
- The street in front of the shophouse must be wide enough for one car and one motorcycle to pass
- The shophouse must not be near public facilities such as high-voltage power lines (SUTET) or cemeteries
- The shophouse must not currently be for sale
- The certificate (SHM/SHGB) must be under the applicant's own name, their biological parents' name (both living), or their parents-in-law's name (both living)
- The shophouse must be located in Jabodetabek, Sidoarjo, Surabaya, Malang, Medan, Denpasar, or Balikpapan
How to Apply for a Shophouse Certificate Loan
Once all requirements are met, you can apply for a shophouse certificate loan either offline or online. For offline applications, visit your nearest BFI Finance branch or POS office with all required documents in hand.
You can also apply online through BFI Finance's website or the BFI Mobile app. Here's how to apply through the official website:
- Visit the BFI Finance website from your device.
- Hover over the "Produk" (Products) menu at the top of the page.
- Select the "Jaminan Sertifikat Rumah" (House Certificate Loan) product.
- Click the "Ajukan Sekarang" (Apply Now) button.
- When the pop-up appears, select "Ajukan Pinjaman Sertipikat Rumah/Ruko/Rukan" to continue.
- Fill out the form completely and accurately, then submit.
- Wait for the BFI Finance team to contact you.
To apply through the BFI Mobile app, download it for free from the Play Store or App Store. Once installed and your account is set up, select the House Certificate Loan product and follow the on-screen instructions.
That wraps up everything you need to know about shophouse certificate loans. As a high-value asset, a shophouse can serve as solid collateral for securing a substantial loan.
Be sure to choose a credible financing institution for a smooth and hassle-free process — and BFI Finance is one provider that offers house, shophouse, and shop-office certificate loans.
With competitive interest rates, flexible tenors, and a relatively fast process, BFI Finance can be the right choice whether you're growing your business or covering other financial needs. If you need a smaller loan amount, you can also consider a motorcycle or car BPKB-backed loan.
BFI Finance has been in operation for over 40 years and is licensed and supervised by Indonesia's Financial Services Authority (OJK), ensuring every transaction complies with applicable regulations. So go ahead — meet all your financial needs, because #SelaluAdaJalan (There's Always a Way) with BFI Finance.
