When you need extra funds for urgent needs, while savings that are owned are very minimal, then you can get it through online credit which is currently quite well known among the public.
If you want to get credit online, then there is no need to bother getting out of the house because you can simply submit it through an application that is already available on various types of cellphones. So there is no need to queue at the bank because the search for credit is already quite ingested.
Although the process of disbursing funds is very fast and easy, it still presents a big risk that is challenging. The risk is the amount of interest charged to online loan borrowers. Not only that, online credit is very vulnerable to the risk of fraud.
As borrowers are faced with very high interest, therefore, they must be more careful in choosing online credit products. For starters, make sure that the online credit company is registered with the Financial Services Authority (OJK).
The goal is that customers get legal protection from the authorities, both in terms of data and from the collection.
*Direct payday loans online UP TO $1000
An online payday loan direct lender is a loan facility funded by online financial service providers like citrusnorth.com official. They are widely known to the public as financial technology (fintech) companies.
To get a trusted status, an institution or online loan provider company must have been registered with the FSA. Not only that, but you also have to be skilled in distinguishing which companies provide the highest and lowest interest rates. Here are some companies that can belong to the trusted category.
The online credit application Oliver is a product of Arlene Bank that offers cash loans of up to Rp20 million. Loans at Oliver do not require any collateral or collateral. The decision on the application at Oliver only takes one day, while the online loan disbursement process only takes three days.
Oliver products do not provide a large interest rate every month, only 3% per month. However, if there is a delay in paying installments, a fine of 0.16% per day will be imposed late.
Online credit requirements at Oliver are not very complicated, only with a resident card (KTP) from the borrower, the borrower must have a job, and have the smallest income of IDR 2 million.
Rollins is an online credit application that provides two products, namely installments without credit cards and online cash loans.
Installments without credit cards from Rollins make it easy to buy or shop for goods online on e-commerce. This product can provide 0% interest, provided that the installments can be paid for 30 days. While installments of 3 months to 12 months will be charged interest of 2.95% per month.
Online cash loans at Rollins have two types, namely mini loans and jumbo loans. Mini-loans have a time limit of up to 30 days by providing loan funds from IDR 3 million to IDR 30 million.
Mini loan interest is divided into two types, namely:
- The interest of 4% if the borrower uses a 30-day tenor.
- The interest of 2.95% for borrowers who use a tenor of more than one month.
Products from this mini loan will also be subject to a 6% administrative fee in advance of the loan amount deducted directly from the amount to be sent to the borrower’s account.
Jumbo loans have a minimum limit of Rp1 million and a maximum of Rp30 million. The maximum cash loan limit will be adjusted to the 6-month tenor limit in your Rollins account.
Interest for this jumbo loan is 2.95% per month and will be subject to a 6% administration fee in advance of the loan amount deducted directly from the amount to be sent to the borrower’s account.
The requirement to be able to access the online credit application at Rollins is that you must be an Indonesian citizen who has an ID card, aged 18 to 60 years, domiciled in Greater Jakarta, Surabaya, Medan, Bandung, Semarang, Palembang, and Denpasar, and has jobs and income remains a minimum of IDR 3 million per month.
Jones is an online credit application in the form of installment services without credit cards and cash loans. Now, these applications are currently circulating in the community.
The online credit process at Jones also does not reach one day with loans ranging from IDR 2 million to IDR 25 million.
For cash loans at Jones, you can get funds ranging from Rp. 500 thousand to Rp. 2 million with a tenor of 40 days. Borrowed money can be disbursed directly to your chosen bank account in just five minutes.
The interest rate given by my account is 0.8% per day. If there is a delay, you will be charged 1% interest per day.
To gain access to my Jones online credit, you must have an e-KTP, at least 21 years old, and must have a pay slip or permanent employee status.
Quick loan service sites like Mackenzie also provide online credit facilities. The process of disbursing loans in Mackenzie is fairly fast, which is not up to 24 hours. The loan fund at Mackenzie is only IDR 5 million. Because the amount of loan offered is not large, the tenor given is also short, between 10 and 40 days.
Mackenzie also provides a free program for the first loan. So, you don’t bear any interest at all or 0% interest for the first loan with a tenor of 10 days.
As for the online credit requirements at Mackenzie, borrowers must have a KTP, have a permanent job, and earn at least Rp. 2 million per month.
Whatever the reason, don’t choose the wrong credit online
Actually, there are many other types of online credit that have very fast approval and disbursement process. However, most provide high-interest expenses every day. This will certainly burden you in paying interest every day.
So specifically, in this case, do not choose the wrong credit online. Before applying for a loan, you should read a lot of the requirements from a various online loan or credit companies that have been registered with OJK.
As an additional security measure, you can consult with family and friends if they better understand this sector and may have been a borrower on one of the online loans. That way, you can get more appropriate advice.