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?

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