Applying for a cash loan is now faster with an online loan application. To avoid being fooled, you need to be extra careful when choosing a secure online loan application. How? Find out more here!
In this sophisticated era, everything can be done online . Not just shopping, but making loans. Over the past few years, online lending applications have become more and more popular because of the public interest in the convenience offered by online lending. Otherwise, you can apply online through application services, from anywhere and anytime without the hassle of coming to a specific bank branch. With the variety of facilities provided, online lending has also become a priority among the community.
Of course, this is an opportunity for some irresponsible oknum to misuse online loan applications. This can actually be anticipated by knowing if the online loan application you are applying for is safe and high credit.
Lender has five tips for finding out whether your online loan application is safe or not. Here’s how!
Find the Online Loan Application Listed in Financial Services Authority
There are many online loan application options available in Indonesia, but this does not mean that you can make a selection because the secure online loan application is already registered and overseen by the Financial Services Authority. It is a government agency established under the No. 21 Law of 2011 that serves to regulate and oversee activities in the financial services sector, whether banking, capital markets, or online lending.
If the best online loan application you choose is registered with OJK, then the application company will follow the OJK’s applicable procedures and procedures, ranging from billing methods, business rules, and more. That way, it will be safe.
Online Office Loan Application Check
We often carelessly and too trusting with online loan applications which shot up out there without knowing whether the loan application online is reliable. Therefore, you should check the availability of the official office of the online loan application that you will choose. If these online lending applications are not personal, there is definitely an official office address you can check through the Google search site.
When you search on Google, you’ll find the office names, addresses, hours, and comments of people who have used the online loan application on the right hand side of the search site page. To be sure, you can also search through Google Maps to see what the office looks like.
True Online Loan Application Does Not Require Cash
A feature of fraudulent online lending applications is that they will request a certain amount of advance payment as one of the terms of disbursement of funds. Let’s say you borrow $ 10,000 in cash, as a condition of disbursement they will ask for a deposit of $ 200 to $ 500. Please be aware that secure online lending applications will not ask for a refund of your application and disbursement terms. If this happens, then surely the online loan application you choose is a sign of fraudulent online loan application.
Select the Lowest Flower
Secure online loan applications can also be viewed from the interest provided. In times of need and immediate cash flow, we tend to overlook the interest offered by online lending applications. But this is quite a risk and you need to pay close attention. A secure online loan application will give you a sensible low interest rate. In addition to the floral range, the type of flower is also a must-see
There are two types of interest rates most commonly used by online lending applications – the flat interest rate system that will be the same until the end of the tenure of repayment and the floating interest rate that can change every month as interest rates grow. So, first find out what your online loan application is using to calculate what kind of interest?
Know the mechanism and how the online loan application works
The last one is to identify the mechanism and method of online loan application you choose. Although online loan applications are similar, but different companies then different terms apply. Therefore, you should carefully study how the mechanism works and how it works. Take for example the interest rate system, the way you pay, up to the late payment penalty and early repayment penalties.
Also understand the terms and conditions applicable to the online loan application. It takes time to do these things so you can get to know the online loan application of your choice. But in that case, you will avoid the regret later because you do not properly understand the mechanism and how the online loan application works. So don’t be lazy to take a moment and learn it, Dude!
Loan Application Via Our Cash Online Loan Application
One of the most secure online loan applications you can trust us as this online loan application is already registered with OJK so it is safe for you to choose. Lending plans range from $ 1,000 to US $ 20,000 with tenor periods that can be selected from 10 days to 180 days (6 months). Required documents and documents must be at least 21 years old and maximum 55 years old at the time of repayment, having a National Identity Card, National Identity Number, and National Bank Account.
Be smart when applying for an online loan
Whether applying for offline loans to your bank or applying for a loan through an online loan application, both of them should be thoughtful as you should be responsible for paying the installments to the end. Therefore, before applying for a loan, it is advisable to perform a debt calculator first and adjust your repayment ability. Remember, the debt ratio should not exceed 30% of your monthly income. If your total income is $ 10,000 per month, then the maximum debt you can take is only $ 3,000 per month.
Hopefully with the above information, you can choose safe and trustworthy online loan application Yes !