Although we have allocated funds for some needs, there are times when a sudden need arises and the need for funds is fast. Therefore, a loan that can be reduced is optional. But before applying for a loan, there are terms and conditions that you must first consider here!
Almost everyone in the world has ever applied for a loan, whether it be to a close friend or friend. And to banks, lending agencies, to companies. The main reason people lend is because they don’t have enough funds in their savings. In this age-old society, people tend to be extravagant because everything is easily accessible online .
This is why it often happens that the pegs are larger than the pillar. Another reason people apply for loans is because they are in desperate need of a family entering the hospital and have to be operated immediately, accidents happen so the vehicle has to go to workshops, and so on. In case of an emergency like this, we definitely don’t want to lend you a loan.
Refundable Loan Terms and Conditions
But please note that before you apply for a loan, there are certain terms and conditions to be aware of:
The first condition is that you must have a personal identification number (ID) which shows that you are a citizen because almost all of these low-income lenders require WNI status. But there are also providers that allow Foreign Citizens to lend by requiring Limited Living Permit Card.
Know the Minimum and Maximum Age Limits
Although they already have a national ID card, but in reality these lender money lenders also provide the borrower’s minimum and maximum age limits. For a minimum age of 21 because at that age the borrower already works. Whereas the maximum age limit of a borrower is 55 or 60 because at that age many people have retired so they are not afraid to pay the installments on time.
Have a Fixed Income
For anyone who wants to lend a down payment, you need to have a fixed income. This fixed income can mean your current status as an employee, entrepreneur, or professional. With a fixed income you can pay the installments on time without any delays.
Real Salary Slip
To prove that you have a fixed income, usually a low-income lender will require an original pay slip for a qualified employee. But for those who are entrepreneurial or professional, you can submit your financial statements for the last 3 months so that your lender can see how your current financial situation is.
Have a Savings Account
You also need to have your own savings account. The reason is to simplify the process of disbursing funds that will be transferred directly to your savings account. In addition to having a savings account, you can also make it easier to make monthly installment payments. There are some providers that require certain bank accounts because they have a cooperative relationship with the bank. So be sure to ask the bank exactly what the lender uses.
If you already have a personal savings account, you will need to request a bank account with the bank. For those of you who don’t know the newspaper account, Timi Kim will explain it to you. A bank account is a report of all transactions on your savings account, from incoming funds to outgoing funds. Usually lenders will ask for a bank account for the last 3 months.
Credit Card Active
The latest terms and conditions on a money-lending loan are to have an active credit card for at least 1 year. The purpose of this requirement is for your lender to see how far you can meet the installment payment that can be viewed through your credit card usage records. These active credit card terms are usually requested by your bank lender. Whereas for online lending providers do not ask for active credit card ownership.
Apply A Loan To Loan With Only Three Terms
All of the application processes in the app are intentionally made as easy as possible so you don’t get confused when you submit them. For the loan disbursement process, once the application is received, you can get it in 1-3 business days. Refunded funds will be transferred directly to your local bank savings account.
But remember, Before applying for a loan, be sure to do a thorough calculation and look at the financial situation. How much you can afford to pay the monthly installment. Thus, the loan repayment loan can be repaid in a timely manner. Congratulations on applying for a Loan!