What is a debit card and how it works

There are many different types of cards available – debit card, ATM card and credit card. It is important to understand the differences between them, so you can choose the right card for your needs. A debit card is a card that is linked to your bank account. You can use it wherever a credit card is accepted.

It allows you to access your account at different ATMs, and you can withdraw the money directly from your account. Debit cards are associated with one of the major credit card companies, and will usually have a Visa or MasterCard logo. You will receive a PIN that allows you to use the card at ATMs or in stores.

How a debit card works

How a debit card works

When using the debit card, the merchant blocks the amount of money in your transaction. The bank can show you the pending transactions from your account. These are the holdings introduced by traders. The traders then finalize the transaction by sending their information, and the money is taken from your account and appear in the transactions carried out. Some traders need more time to submit transactions, and you may have a transaction listed as waiting for a few days.

If you use the debit card at a hotel or for a car rental, the company may retain a higher amount on your account to cover the additional costs you may incur. It is important to be aware of this in order not to face a situation where your card may be refused due to the hold. Make sure you have extra money in your account if you are using it for a hotel or car rental.

Transactions with debit card on your statement

Transactions with debit card on your statement

When you analyze the statement of account, debit card transactions may appear as POS transactions with the merchant listed in the account. If you see a direct transaction, this means that the money was debited directly from your account, and that you did not use the debit card to complete the transaction.

This can help if you are trying to find out if someone has accessed your account without your permission. It can also help you identify expenses if something is not correctly labeled. For example, local fast food restaurants can do business under a different name.

Debit cards and account overload

There is the possibility that you can exceed the limit of a debit card . Some banks allow you to overpay your account within the amount of money, and simply charge you commissions for each transaction you pay in the negative. Some fees may waive waiting before withdrawing money from your account. This means that your money is available again, which means you can overload your account while using a debit card. Tracking purchases on paper or with an application is the best way to protect your money.

Fees associated with a debit card

When you use a debit card at an ATM, you can pay ATM fees. It is possible that your bank may have fees associated with your debit card and it is important to carefully read the rules for using the debit card. There may be a monthly service charge associated with holding a debit card . Some banks may limit the number of debit transactions you can perform for free each month. Although, because the use of debit cards has become more common, these fees and restrictions are less common. You can consider changing the type of account or banks if there are fees related to your debit card, especially if you are limited to a small number of card transactions each month.

Precautionary measures for using a debit card

One of the most important precautionary measures you should take in the case of a debit card is to make sure that it or the information on it is not stolen. If you have the misfortune to steal your physical card, you must immediately call the bank and cancel the card. The criminals could hack a website and steal the card information, then use it to shop online. Your bank may have sent you a new debit card at some point because there was a data breach at a merchant. If you find unauthorized transactions in your account, you must immediately call the bank to find out what happened.

Another way by which the criminals receive the information is by reading the cards. The person can either pass your card through the car alone (this happens in restaurants or other places where the waiter takes your card for a few minutes, to complete the transaction), or can attach a copier to a car where you use your card (ATM, vending machine, etc.). The copiers are very small and are almost unnoticeable. They can be difficult to see. However, if some of the ATMs or card readers are suspicious, especially if you swipe the card, you should probably use another ATM or ATM.

It is important to check your account regularly and take care of unauthorized transactions, because the faster you detect the problem, the easier it will be to resolve.

Debit Cards vs. credit cards

Debit Cards vs. credit cards

It was commonly believed that you need a credit card to complete certain transactions, such as renting a car or buying items online, or that it was safer and easier to travel with a credit card, rather rather than carrying money or using a checkbook. Some also claim that a credit card provides additional insurance on purchases, and facilitates the request for a refund or a refund.

Debit cards offer the same convenience without requiring you to borrow money to complete the transactions, although debit cards do not always offer the same protection for consumers as credit cards. It can be difficult to determine when to use a credit card or debit card. Make sure you do research to determine the right option for you.

If you have problems with your expenses, it is a better option to use the debit card whenever possible, as it will prevent you from accidentally entering the credit card debt. But it also depends on the acquisition. Some car rental agencies and hotels may still apply for a credit card instead of a debit card, because they want to have a card that they can bill for possible damage to their property.

Consider the use of credit cards for hotel bookings and car rentals.
For daily shopping, your debit card can help you respect your budget. If you want to reap rewards, make sure you pay the full balance each month for the credit card.

Don’t Request a Personal Online Loan Before You Know

Personal online loans are being talked about as they can be the right solution when you need the funds. But before you submit, first find out what pluses he has so that you won’t regret it later.

Who of you has ever applied for a loan, whether it be a bank loan or a loan to another provider? Offering a loan is the right thing to do because, in life, we are often faced with situations where we need funds as quickly as possible to meet certain needs. Usually, people need urgent funds that need to be paid promptly such as paying for hospital costs, childcare costs, capital expenditures, damaged home renovation, accident repair costs, and so on.

There are many types of personal cash loans available in Indonesia, some of which are most popular are (unsecured credit) loans, multipurpose loans that require you to provide collateral, public equity loans intended for business purposes only, up to personal cash or better known as a personal online loan.

What is a Personal Online Loan?

What is a Personal Online Loan?

There may be some of you who don’t know what a personal loan is. Private online lending is a type of loan provided by online lending providers, whether a lending institution or a Good Finance P2P company lending to an individual alias rather than to a company or group.

Therefore his loan funds range from USD1 million to tens of millions of dollars. It’s different when it comes to companies or groups that can reach billions of dollars. This type of online personal loan is a lot of money nowadays because it can be trusted when you need urgent funds.

Plus Minus Online Personal Loans

To become more familiar with personal online loans, it’s a good idea to know more about the plus and minus of these types of loans:

Plus Points from Personal Online Loans

Plus Points from Personal Online Loans

  • More Efficient and Save Time

The plus points of the first personal loan online is more efficient and saves time because the filing is done online so it can be done from anywhere and anytime. That way you can save time by not having to come and queue in the lender’s place for hours. With the capital of the gadget and also the internet, you can apply for a personal online loan

  • The submission process is very easy

The next plus point is that the process of applying for a personal loan is also relatively easy compared to other types of loans as you simply go to the website or download the provider’s application on the PlayStore or AppStore. Then you just have to register and log in to be able to apply for a personal online loan. The average amount of time it takes to apply for a personal loan is just under half an hour.

  • Conditions Not Rigid and No Warranty Required

Personal online loans do not require collateral or collateral so you do not have to worry about getting your assets ready for mortgages. In addition, the terms provided by these online loans are not as difficult as the average lender will only require a National ID (Tax Card) and a Personal Identification Number (NRP) only. But there are also some online lending providers who have added additional terms like a personal local bank account, original payslip, or newspaper account for the last 3 months.

  • Fund Disbursement Very Fast

Since the process is done online, the funding is also faster as the process of verification and data entry becomes easier with the data being digitally provided so the provider has no trouble transferring physical data into digital data. So make sure that the digital data, including the requirements document, must be legible so that the provider can easily verify it.

  • Many Provider Options

Private online lending has a huge selection of lenders. This is because more and more today, the public interest Indonesia online personal loan will be higher so as to make many emerging providers of online personal loans. But remember, Dude! Not all of these personal online lenders can be selected. This is because of the ongoing online scams.

To avoid this, you should choose a personal online lender that is registered with the OJK (Financial Services Authority) so its security is guaranteed as all processes are monitored, from the process of filing, disbursement, to installment payment.

Minor Points from Personal Online Loans

Minor Points from Personal Online Loans

  • Limited Loan Nominations

One of the minus points of a private online loan is that the loan amount is very limited, unlike a bank loan of hundreds of millions. For a personal loan, nominal credit is usually at least $ 500 or $ 1 million. While the maximum allowable fund is around $ 20 million or $ 3 million.

  • The installment period is very short

With regard to nominal loans granted, the duration of the loan is very short. The minimum online loan installment period is at least 30 days while the maximum can be 180 days or 360 days. Why is the installment count calculated by day? This is because the interest calculation system is also based on the day so the automatic installment period is calculated based on the day too.

  • Vulnerability to Fraud and Data Theft

The last minus points on personal online loans are particularly vulnerable to the risk of fraud and data theft. You must have heard of cases of online fraud and data theft. This is actually done by a naughty and irresponsible lender. Therefore, as mentioned above, look for a loan provider that is registered with OJK so that it is safe for you to apply.

In addition to seeing if a private online lender is registered with OJK, you can also check the existence of a lender’s office through Google Maps. Online personal loan providers must have the correct information office that you can go to in the event of certain risks.

How Credit Cards Use Prime Rate

If you listen or read financial news, you can hear a lot about the key interest rate. It is one of the most important prices when it comes to borrowing money. The base rate is the interest rate that banks use to charge their highest credit rating customers. It is usually the lowest interest rate anyone could qualify for. In order to get the key interest rate on a loan, you need an excellent credit score.

The US base rate is the national base rate as published by the Wall Street Journal, which is based on the base rate calculated by the nation’s largest banks. The US base rate is typically around 3% higher than the Federal Fund Rate and is on the Wall Street Journal website.

 

How the Prime Rate Affects Your Credit Card Rate

How the Prime Rate Affects Your Credit Card Rate

Many credit cards base their variable interest rates on the base rate. A variable interest rate is one that changes based on another interest rate.

For example, the APR on a credit card could be the base rate plus 13%. The interest rate your credit card issuer charges on top of the base rate is known as the “spread”. In our example the spread is 13%. If the base rate was 3.25%, the current APR on this variable rate card would be 16.25%. That means that the base rate has a direct, but usually small, impact on the financing costs you pay on your credit card if you carry a balance. The higher the base rate, the more you will pay to turn a credit card balance. You can at all avoid interest in paying credit card balance in full every month.

If your credit card has a floating rate based on the base rate, your credit card interest rate will follow the move of the base rate. If the prime rate goes up, you can expect your credit card interest rate to rise soon. On the other hand, if the key rate goes down, your credit card interest rate should go down.

Credit card companies do not have to give advance interest rate changes if you have a floating rate. You can watch for interest rate news (interest rate changes are usually in the headlines) or by watching prices for possible changes in the interest rate published in the Wall Street Journal. Your current interest rate will be published on your credit card statement. Monitor your statement closely to catch changes in your interest rate due to prime rate changes.

 

What if the prime rate increases?

What if the prime rate increases?

When the key rate increases so that your interest rate will increase. And when your credit card interest rate increases, so does the interest you pay on credit card balances that you carry. In order to reduce the effects of the increased financing costs, you can pay out your credit quickly. Transferring your balance to a credit card with a 0% introductory rate is another option. Finally, if your card has a good reputation and you have a good credit rating, you may have kept your credit card issuer ready to lower your interest rate if you ask nicely.

 

Does your credit card use the prime rate?

Does your credit card use the prime rate?

The section of your credit card contract entitled “How we calculate and determine the price” will tell you how your credit card issuer sets your rate and how you can adjust your credit card rate if the key interest rate fits. If your credit card interest rate is based on the base rate, you will see a section with language such as “APRs will vary with the market based on the prime rate.”

Loans are more sought by banks and through mutual lending platforms

In the first three quarters of this year, consumers were more likely than last year to seek funding from banks and peer-to-peer lending platforms, according to data from credit history system Mano Hedda Gabler.

Between January and September, consumers submitted 8% more credit applications to banks and credit unions than a year earlier. About 25% of those intending to borrow through mutual lending platforms.

The opposite trend is observed

The opposite trend is observed

In other sectors providing credit and hire-purchase services. According to Mano Hedda Gabler, consumer applications for small consumer credit companies decreased by 26% in January-September compared to last year. There was a 7% decrease in pay-to-buy intentions in telecommunication companies at the same time last year. Applications for leasing and larger consumer credit companies decreased by 1%.

“In the credit market, the dividing line between what was once considered a banking product and what was not, was increasingly narrowing. Companies in the non-banking sector are increasing competition for banks by issuing credit cards, granting or preparing for home loans. Meanwhile, banks are not standing still. They pay more attention to those looking for credit. This competition benefits consumers by pushing all sides to stretch, both technologically – in terms of speed and price, ”says Andrius Bogdanovic, CEO of Hedda Gabler, a credit bureau.

Banks have received the most credible customer applications

Banks have received the most credible customer applications

Within 9 weeks m. For months, banks have received the most credible customer applications. 77% of banks that were willing to borrow from banks had “good” credit ratings, ie A, B or C. The proportion of good customers among consumers seeking financing in telecommunication showrooms (eg tablet rentals) was 74%. Good clients accounted for 56% of leasing and consumer credit companies. The smallest trusted customers turned to the smallest consumer credit companies – one in five (19%) had an A, B or C rating.

In the third quarter, the average mortgage loan issued by banks was 49 thousand. The average consumer credit granted by banks was 4.1 thousand. USD, leasing average – 17 thousand and credit card limit – 1.5 thousand. USD.

By comparison, in the third quarter, the average mortgage loan issued in the non-banking sector was USD 43 thousand, consumer credit – USD 930, average leasing contract – USD 620, and the average credit card limit – almost USD 1.5 thousand. USD.

Why Pay Off Early Loans? Savings and peace of mind

When you have more money available, debt repayment is often a good choice. In addition to the psychological benefits of being free from debt, you can enjoy measurable financial benefits. Paying off loans early is not always the best strategy, but it is rarely a terrible one.

To decide what is best in your case, evaluate how you can benefit from debt and compare these benefits for the cost of keeping credit in place. You can usually save money by eliminating debt early, but you might have good reasons to take an alternative approach.

For now, we’ll focus on the benefits of debt reduction, but you should also be aware of some possible disadvantages of paying off loans early on.

 

Saving money by paying off loans

Saving money by paying off loans

The best reason to pay off debts early is to save money and pay more interest. Interest costs do not buy anything except the ability to pay slowly. Your house will not get bigger if you pay interest on a mortgage, and you won’t get your interest back if you sell.

Some loans last for 30 years or more, and interest costs add up over time. Other loans could have shorter terms, but high interest rates make them more expensive. With high cost debts (like credit card debts), it is almost a no-brainer to pay off as quickly as possible: minimal payment is a bad idea.

Over the course of your life, you will keep more of what you earn if you pay off loans quickly.

So what’s the compromise? If you pay down debts below, you cannot use your extra money for other things. That could mean you enjoy less luxury in your monthly budget, or you do with a smaller cushion of money (making it more difficult to pay unexpected expenses). What’s more, you pay the opportunity cost: you will have to come with additional funds to set other goals (retirement or a down payment on a house, for example).

In rare cases, you don’t save early by repayment because the costs are already baked into your loan. For example, you benefit less from prepaid “pre-calculated” loans, but you still eliminate the monthly payment.

 

Financial strength

Financial strength

Saving for the future: Once you pay down debts, you are in a stronger financial position. The money you’ve made on monthly payments will be made available for other purposes. Hopefully, direct these funds to other goals.

Improved relationships: You also become more attractive as a borrower. Lenders need to be sure you have enough income to repay loans, and existing loans aren’t already eating too much of their monthly income. To do this, they calculate the percentage of income that goes towards debt payments, known as the debt to income ratio. If you pay off loans early, you will improve your debt to income ratios and are more likely to get approved for a new loan on favorable terms.

Better Credit: Your credit scores can also improve if you pay off debts. Part of your credit score depends on how much you are currently borrowing, based on the maximum amount you could possibly borrow. If you are maxed out, your credit scores will be lower, but debt-free pay up creditworthiness, which hopefully you won’t have to use. More details on how your credit limits affect your credit.

 

Peace of mind

Peace of mind

Eliminating Debt Stress can be rewarding and reduced. In fact, some people choose to repay loans as quickly as they can, even if they know that it doesn’t make the best financial sense. This is fine as long as you are aware of what you are doing and why.

You can’t bring a prize to luck. Perhaps you want to reduce debt before you become sick of monthly payments, or you hate the idea of ​​paying interest to lenders. Assess the pros and cons of using debt, and make an informed decision that you can live with.

 

How does it go?

loan payment

Now that you know more about these loans paying off, you can be excited to move forward. In many cases, it is as easy as sending extra money whether you wipe out the debt with one payment or just pay a little extra each month. Call or email your lender and explain what your goals are. Figure out how to proceed so that your payments are properly credited to your account (reducing the loan balance instead of already counting payments) and so that you know exactly how much to send.

More detailed instructions and tips on how to pay off debt early. Especially for credit card debt, learn how to choose a strategy that will work.

Consumers enter the credit market for the first time

Getting started in the credit market is not always easy. Every year, tens of thousands of consumers apply for funding to domestic financial institutions for the first time, but not everyone borrows.

This year by mid-August about 24 thousand. consumers under 35 first turned to credit, banks, leasing, consumer credit companies, peer-to-peer lending platforms and other financial institutions for the first time, according to a study by Mano Ross Poldark, a credit history system.

Out of 24 thousand 38% of consumers who applied for credit for the first time this year were able to borrow. They entered into their first leasing, consumer credit, credit card, or other types of credit agreements with financial institutions.

There comes a time when stable wages

There comes a time when stable wages

Through financial instruments, make it possible to have a car, home appliances or other goods ahead of savings. The first steps in the credit market must be rational and thoughtful. After all, we start building our credit history with our first credit. From this, the good or bad credit history we have in the future will depend on borrowing at higher or lower interest rates. This difference in interest rates on housing loans can increase up to several tens of thousands of dollars, ”says Andrius Bogdanovic, CEO of Ross Poldark, a credit bureau.

The study revealed that residents who opened their credit history report before borrowing for the first time were more likely to receive funding (41% of the contracts) than those who were not interested in their financial discipline CV before borrowing (37% of the contracts).

Most people in the country learn about their credit history

Most people in the country learn about their credit history

When they face a negative decision to grant a loan or sign a leasing agreement. The recipe to prevent this from happening is simple – you need to manage your personal finances responsibly. That is, to pay utility bills without delay, to settle accounts with various telecommunication or other service companies, to fulfill obligations under the credit agreement. It is regrettable that unscheduled execution of previous financial commitments may prevent access to better financing conditions, ”says expert of Finance.

According to the Agree Bank Institute of Finance, borrowing a home with a good credit history can save you interest in the tens of thousands of dollars. Borrowing a car worth $ 5,000 can save up to $ 500 and buying a car worth $ 10,000 can save up to $ 1,700.

The personal credit history report is free once a year. It can be viewed on the Mano Ross Poldark self-service system. The oldest resident, who opened his report for the first time this year, is 91 and the youngest 18. More than 218,000 residents are interested in their credit history in Lithuania.

Unsecured Loans : How to Apply and Terms

Want to lend without lending but confusing which bank is best for you? Bank Good Finance has a debt-free loan that you can credit. Find out all about the pros, how to apply, and the terms here!

In the banking world, cash loans are classified into two types of cash loans with collateral or better known as multipurpose credit and unsecured cash loans or known as unsecured credit. Compared to multipurpose credit, unsecured credit is more popular because it does not require you to capitalize on the security of the asset so the process can be faster.

One of the banks that has a no credit card product is Independent Bank. Selfless credit products are called versatile credit. Named for versatile credit because you can use it for any needs, from education, marriage, health, home renovation, vacation, venture capital, and more. Since it can be used for any purpose, no wonder this product is primitive and highly sought after.

Credit advantage of Selfless Credit

Credit advantage of Selfless Credit

Don’t know then don’t love. Since you are not well acquainted with Credit Unsecured Credit, Good Finance will introduce it to you so you can see what the advantages of this banking product are:

High loan limit

Self-insured loans have relatively high lending limits as they are at least $ 5,000 and can reach up to $ 200,000. But keep in mind that your nomination application may not always be fully approved. Let’s say you apply for a $ 100,000 Non-Compliant Credit Loan, Bank Good Finance can only give you a $ 80,000 loan because the loan amount is also influenced by your credit score and also your monthly income.

The loan term is very flexible

The second advantage is that the loan period is very flexible. You are given a tenor choice of 12 months, 18 months, 24 months, 30 months, and 36 months. If you have a standalone Payroll account, then there are more benefits to you as you can get a longer tenor of up to 60 months (5 years).

Competitive interest rates

Interest-free lending interest rates are so competitive that you don’t have to worry about the flowers being strangled. To get the idea, before you apply for a loan, you should first consult with Bank Good Finance staff to do an installment calculation simulation so you can figure out how much you should pay out each month. Currently, the interest rate on self-insured credit loans stands at 1.75%.

Minimum monthly income

Unlike other uninsured credit-card banks with a minimum monthly minimum income requirement of at least $ 5,000, Self-insured credit only has a minimum monthly income limit of $ 2,500. This is because the selfless credit products are accessible to all people, from the middle to upper-middle class.

Fast melting process

The last benefit that will surely make you feel good is that the credit bailout process is not long-term so for people in need of emergency funds or sudden cash lending, this product is perfect for you. The disbursement process can take between 1-3 business days.

But of course, in order to be able to liquidate your funds quickly, you have to provide complete terms and documents that make it easy for the Bank to process your credit-free loan application. If you wish to apply, it is best to apply on Mondays or Tuesdays so that at least the liquidity can be Thursday or Friday.

Non-mandatory credit card credit terms and documents

Non-mandatory credit card credit terms and documents

If you want to apply for a stand-alone credit, there are a few requirements and documents that you must meet before applying for the application:

  • Citizens of Indonesia (WNI) and domiciled in Indonesia
  • Minimum 21 years old and maximum 55 years at the time of settlement
  • Permanent or professional status with a minimum of 1 year of employment
  • Earn at least $ 2,500 per month (for self- payroll customers)
  • Earn at least $ 3,000 per month (for self- paid non-payroll customers)
  • Fill out the application form in full
  • Resident Card (ID) photocopy
  • Taxpayer Identification Number (NPWP)
  • Payslip or original income statement
  • Practice Permit for Professionals
  • Business Permit Letter for Entrepreneur
  • Newspaper accounts for the last 3 months

How to apply for a stand-alone credit

How to apply for a stand-alone credit

If you have all the terms and conditions of a stand-alone credit card in your hands, it’s time to apply. There are two ways you can apply for a stand-alone credit card, you can go offline by going directly to your nearest Bank branch office and one online to save time and energy.

Applying for a stand-alone credit online can be done by accessing the Bank’s official website through www.bankGood Finance.com or a reputable fintech site registered with the OJK (Financial Services Authority) so that it is safe and secure. You can simply submit your application by filling in the data and completing the document.

There will be Bank Good Finance staff later to call for verification. If the data has been successfully verified then the submission will be processed by Bank Good Finance and you just have to wait. Once the application is approved, the funds will be automatically transferred to your Bank Account.

Cash loans other than unsecured credit online Independent

Cash loans other than unsecured credit online Independent

In addition to payday loans Good Finance online, you can also apply for a cash loan application online through Good Finance, who is also secured because it is registered in the FSA so that its credibility can be trusted. The loan plan that Good Finance can offer is from $ 1,000 to $ 20,000. The loan period you can choose from is 10 days to 180 days. Then what is the condition? There is no need to be confused as the requirement is less than a stand-alone credit.

You are at least 21 years old at the time of the loan and a maximum of 55 at the time of repayment, have a National Identity Card (ID), Taxpayer Identification Number (NPWP), and local bank accounts.

It’s easy to apply. You can first download the Good Finance app on the PlayStore for free and then register by filling in your personal data with the required information. Once you have registered and are able to log in , you can choose your loan number and specify your loan term. After that ‘I want to borrow’. You’ll have to wait for the verification process from Good Finance. If the verification is successful and the application process is approved, your loan funds will be transferred to your personal account immediately. Isn’t it easy?

Know Advantages of Unsecured Direct Liquid Fund Loans Before Submitting

There are many types of fund lending that you can choose from to get a loan. One of these is a bank loan with no liquid guarantee. What advantages does it have? Here is how you can apply here!

What will you do when you need a loan when you are in desperate need? Usually, people tend to lend to their neighbors. This is considered a classic way as we tend to borrow funds from family, friends, and co-workers. But the way it is now has been abandoned by the public since the popularity of unsecured direct lending.

What Are Liquidity-Based Securities Loans?

bank

Liquidity-free securities lending is one of the types of cash loans that do not require collateral or collateral as the primary condition of the loan. That way, funds can be liquid in a hurry because there is no collateral assessment process.

There are generally two places to lend funds without liquid direct guarantee, namely through banks with unsecured credit products and through fintech companies such as P2P lending.

Advantages of Loan Funds Without Liquid Direct Insurance

Advantages of Loan Funds Without Liquid Direct Insurance

Before applying for a loan without the immediate guarantee of liquidity, it is best to know what the advantages of this type of loan are so that you will not regret applying for a loan. So what are the benefits? Let’s see it together Dude!

No Warranty

The first advantage is that there is no guarantee that you should prepare. Not everyone has valuable assets such as motor vehicles, homes, even land. Therefore, with this type of unsecured loan, people with no assets will be very helpful.

You should know that the assets you are going to fund later should also check their validity. So it can be said that it is not easy to lend a guarantee. By applying for a loan without the immediate guarantee of liquidity, you don’t have to worry about it.

Online Application Process

The next advantage is that the process can not only be offline, but also online so that it can be done anytime and anywhere. When it comes to online, you should be extra careful when choosing a lender to avoid the risk of online fraud. Select a provider already registered with OJK (Financial Services Authority). In a nutshell, the provider is already under the supervision of the government so all transactions are safe.

Easy to Do and Easy to Do

Unlike a loan with collateral, for a loan with no direct guarantee of liquidity, the application process is very easy to do and hassle-free because of its low level. Especially if you do it online. While it can be done anywhere, the time it takes to apply is also short because you don’t have to wait long at the bank.

Unsecured Loans Through Secure and Trusted Good Credit

Unsecured Loans Through Secure and Trusted Good Credit

Still confused about where to apply for unsecured loans? There is no need to be confused as there is a safe and reliable alternative to Good Credit. Good Credit is an online loan application registered with OJK so you never have to question its credibility.

Good Credit lends funds ranging from $ 1 million to $ 20 million with a ten day grace period of 180 days (6 months). The requirement to submit only three, namely ID, NPWP, and ownership of local bank accounts.

The application is very simple because you can simply download the Good Credit app on the PlayStore or AppStore. Then sign up and log into the Good Credit application. In the future, you will need to apply for a loan with the desired duration. When done, complete the required documentation and click submit.

If your application is accepted, then within a few days, the funds will go into the local bank account you previously provided. Isn’t it easy?