Mortgage Lending The right solution for those who need money
If you are in need of a loan of money to build a business or businesses, maybe an unsecured loan is the right solution to solve your problem. Indeed, to start a business or business, you will need capital as an initial expense. Sometimes this can be an initial obstacle when building a business.
Loans can be one of the solutions to these problems. However, most banks that offer lending facilities are not always profitable for some people. Because if you apply for a loan, you usually need collateral in the form of securities and the property must be handed over to the relevant bank.
In fact, it is precisely people who lend because they do not have enough money to start a business. However, if from the very beginning it is necessary to hand over valuables as collateral, then of course this will be quite burdensome. That is why unsecured loans are the right solution for those who need capital.
But before you start making the choice to lend without collateral, you must first understand what it takes to be prepared to get a loan and how to immediately be financed by the bank involved. The following is the full discussion.
Determine how much to borrow
The first step to turning an unsecured loan into the right solution is to determine how much to borrow. Make sure you calculate in advance the nominal amount you will make a loan for. The trick, even without collateral, is not to borrow excessively large sums of money without a clear purpose.
Even if there is no guarantee, every month you will still pay off the borrowed amount at the calculated interest rate. Therefore, you have to adjust the amount you borrow, interest rate, and installment payments according to the income you receive every month. Don’t let this loan make it difficult for you.
Usually, each bank has its own policy. To prevent customers from being able to pay off their debts later, the bank will set a minimum salary or income limit to get an unsecured loan . Of course, you must have a fixed salary in advance so that each month does not get confused.
However, it should be noted that although you already have a fixed income, if your salary is still lower than UMR or Regional Minimum Wage, then most likely the loan application is not easy to grant. Because, the bank will assume that your salary alone is not enough to meet your needs, let alone pay in installments.
Therefore, in addition to the fixed salary considered, you must also have a higher salary than UMR. At least if this condition is already pocketed, then if you are going to apply for a loan, the bank will easily approve and trust you to lend to the bank.
Complete various requirements and important documents
If you have already determined how much you will borrow later, make sure in the next step you have prepared various supporting documents to meet all the conditions to get an unsecured loan solution that is right for you. But before that, you have to make sure that you have the main Indonesian citizenship.
The documents required are basically not much, and they are only used as a guarantee or proof that you are a responsible person and can afford to make future installments. Of course, in relation to citizenship, the first document to be prepared is a photocopied identity card or identity card.
After that, you also have to attach other documents in the form of Family Card, NPWP, and don’t forget to attach a paycheck from where you work to show your monthly income. If you are married, you must also attach a copy of the marriage certificate to prove your dependents in the family.
If all the documents are complete, you can start applying for a loan to the bank or other parties that provide this service. Make sure you are really wise in choosing the loan. Because, with all these documents, it means that you are ready for all the consequences received later.
Make sure there are no heavy administrative fees.
Indeed, unsecured loans are the right solution for everyone who needs extra capital or capital. However, it turns out that many parties offer unsecured loans like this, but still charge administrative fees to their customers. Especially for some popular cash lending websites or platforms.
Administrative costs vary in magnitude. There are big and small. Everything depends on your abilities. But logically, if you are in need of more money to borrow without collateral, then the administrative fund will actually burden you more in the future, because you have to spend more money to pay for it.
For this reason, in addition to paying attention to the amount of loan you will receive, you should also not be fooled by the administrative fees that need to be paid. Instead of getting more loan money, you’re confused about how to manage your finances to make monthly installments afterwards.
Biasanya admin fee i strasi ini ada if you make an unsecured loan suitable solution on online lending sites that are currently known and widely used by everyone. But, in fact, the administrative fund is not only heavy if you can spend your income to pay for it in the future.
Don’t forget deadlines or deadlines due
All types of loans even withouta pestle cell guarantee have a term or maturity period. There are loans that are set up for the short term, some for the long term. Everything depends on your needs regarding the loan. Don’t just borrow money. The longer the term, the greater the interest rate.
You must really understand and remember the loan term before actually deciding to borrow. Because if you have applied and been approved, but in the middle of the road you have difficulty making payments and then exceed the maturity period, you will be fined by the loan service provider.
Pastinya, which should be an unsecured loan, the right solution is exactly the new problem if this happens. You certainly don’t want that if one day you’re saddled with a lot of debt because you can’t manage your finances properly and forget about deadlines? Therefore, be careful.
Typically, the interest rate given for a one-time delay is quite large, and even this interest rate can increase many times if it takes you longer to complete your installment loans. Therefore, you must be able to manage your personal finances before applying for a fund loan.
If you have a poor track record of installment history, then in the future you may be included in the black profile of the loan provider. Therefore, you will find it difficult if one day you will take another loan even though you have a fixed income that exceeds the UMR limit.
Those are some things that must be considered if you want to get an unsecured loan. Don’t be fooled by its unsafe facilities. Because, the loan will still be a debt that needs to be repaid to the party who lent the money. Don’t turn unsecured loans into the right solution to become a problem because of your negligence.