Currently, save loan can use online loan, peer to peer (P2P) landing. P2P is famous for having credit without collateral (KTA) some time ago.
These loans are more modern and sophisticated, but, this loan method perhaps someone to borrow the money without using financial institution as the third part.
Differently, the money loan of KTA comes from a financial institution, banks. Meanwhile, money loan of Online P2P comes from other people.
Fortunately, the second term offers certainty. Even in the modern era, P2P is already using advanced technology, making it more attractive for the borrower.
It is no different as we open an account in the bank, we do not need to come into the branch office because we can do the transaction wherever and whenever as long as there is a good internet connection
The step to do a loan is very easy and the requirement that must be submitted is not difficult. There are a number of ID CARD and Principal taxpayers (TAX ID).
Then, the borrower can open access their site, fill the data and mention the money which they loaned. If the request is approved, the money will send to their bank.
Although online loan is easy and practice, you should not be careless, because there is a “price” behind easy loan and be a consequence, you should more careful.
Based on Zapfinance, Online loan request a large interest in a short time.
So, before doing an online loan be aware and careful in every points agreement.
These are the following two important points that you must do before deciding to do an online loan:
1. Pay on time
Convenience often makes the risk of you to fail to pay the loan, the risk is your loan on top of the conventional banking credit interest. So the borrowers should observe the loan interest.
In addition, it’s also important to prepare the other interest in anticipation when the borrower is late paying which is has a magnitude of late fees.
When we read something just skip privacy points, perhaps there is contain the key points that are not in accordance with our expectations.
If we do not understand the rules of interest, the borrowers would suffer in materially.
Now the decision is in your hand to determine for a loan online, with all the consequences or cancel and find other ways?