Do not Originally Get Loan Money, Here Are the Consequences of Borrowing in Online Applications

Editorial   |   Finance   |   Senin, 26 November 2018 - 16:01:58 WIB
Do not Originally Get Loan Money, Here Are the Consequences of   Borrowing in Online Applications

Tigamatapena.com - Loan money is one solution that many people take when they need fast funds. Many ways to get it. Starting from applying for a loan to the bank to apply to the lender's online application.

From the choices offered by banks, loans without collateral or KTA are the most popular loans and are submitted by many people. The conditions are light without collateral and the low interest is the reason why people want to get loan money from here.

However, many also know that the loan application was rejected alias failed. So not a few of those who failed turned to online lender applications.

Although it can be an alternative source of loan money, there are a number of things that have consequences if you borrow money in an online application. What are the consequences?

1. Terms are easy, but get higher interest from the bank

Many people are attracted to online loans because the conditions are fairly easy. To get loan money from an online application, you only need to install the application. Then submit the requested documents such as ID card, salary slip, NPWP, to a photo of yourself.

In addition to the easy conditions, the loan application process is also fairly fast. Compared to the KTA approval process that takes 7- 14 days, submitting a loan through an online application can be approved in one day. So, that day filed, the day was also approved.

It's not good to borrow money on the online application, the interest that is pegged is high. In fact, the amount exceeds the interest set by the bank.

2. The amount of administration costs is not playing

In addition to high interest, large administrative costs become one that burdens debtors who get loan money from online applications. There are a number of fees that apply from the start of the loan approved to the installment payment.

When the loan application has been approved, the debtor will be charged at the outset. The names for this fee vary. There are applications that call it service fees, some call it other costs.

Not only is the fee at the beginning of the loan approved. There are other costs waiting if you are late in paying installments or in arrears. These costs can be in the form of a progressive amount fine or multiply over the duration of the arrears.

Unfortunately there are online loan providers who do not include detailed fine information. Here you need to actively ask about it so that later it won't get caught up in online moneylenders.

3. Late for a while, the phone is ringing

As a debtor you also have to know the rules or procedures in borrowing money. Just so you know, because I don't know, many people are victims of naughty debt collectors. In fact, what debt collectors do clearly violates the applicable rules.

Just imagine, just a little late, already called by the loan provider. Once, sometimes it can be many times. Actually, sending an email or SMS is enough to remind the debtor's obligation to pay the bill.

Even more ridiculous, it's not time to pay the bills, the telephone rings asking us to deposit the loan installments. If you experience this,

4. Ready to be terrorized by debt collectors because of delinquency

This is something that is not expected at all. However, it is difficult to prevent it from happening if you pay the loan bill until it gets stuck. The problem is that it's already the task of debt collectors, aka debt collectors, clearing bad debts.

Even though it's his job, the debt collector is sometimes a source of concern for many debtors. The ways they collect debt tend to be embarrassing. In fact, they are not reluctant to commit terror or spread threats.

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