Being an employee is not the only way to earn money.
Many people open their own businesses as a way of success. Business capital can be obtained from various sources. One of them is personal bank and non-bank loans.
Maybe some people are still doubtful about lending funds in the bank because of the shadow of the amount of interest and guarantees that must be given. In fact, there are now many outstanding unsecured loan products, also known as KTA (Unsecured Loans).
These loan products are often used by people to solve the problem of their business capital resources. Before applying for a loan without collateral, we refer to the important points below.
When you need a bank or non-bank fund loan, the relevant institution that provides loan fund products will usually require a guarantee. However, this is not the case with lending products without collateral or collateral.
We can still apply for loans even if we do not hand over valuables as collateral or collateral. Generally, valuables that become collateral are letters or certificates or motorized vehicles.
But in unsecured loans , we will not be required to submit guarantees of any kind. Although it seems very profitable, there are separate consequences for this unsecured loan. The interest set tends to be larger and the tenor or the term of the loan will be shorter.
The amount of funds that can be borrowed on non-bank personal payday loans without collateral is also smaller when compared to conventional loans that require collateral. The nominal starts from IDR 2,000,000 to IDR 5,000,000.
However, it turns out that there are non-bank lending institutions that also provide a loan platform greater than that number. This will especially make it easier for small and medium-sized businesses who want to carry out moderate to large amounts of cash loans.
The process of disbursing funds is also faster, which is only a matter of days. As long as the application for loan funding is completed, the next process will be easier.
The conditions that apply at the place of borrowing money other than the bank are on average only ID cards and salary slips for the last 3 months. Some online institutions also require filling in certain forms.
While the interest rates can be calculated days, for example one percent per day. This interest rate will also be based on the time period for borrowing funds, where the longer the time the more interest will be paid.
Other requirements that are also applied in submitting non-bank KTA include Indonesian citizens, at least 18 years of age and a maximum of 60 years and have a minimum income according to the UMR.
Applying for bank and non-bank loans does have to pay attention to every detail of terms, conditions, weaknesses and strengths. These include the amount of interest, administrative fees, late payment fees and others.
Each additional fee charged outside of this monthly installment must be of special concern. Ask as much as possible to the lender regarding the amount of other funds that must be paid.
Remember always to adjust the loan amount and needs. Do not let the amount of funds borrowed exceed our ability to repay later. In addition, make sure to meet all the requirements needed to make a loan so that the likelihood of a loan being fulfilled will be even greater. Also note the maturity period so that we do not pass it so that it will not incur additional costs.