In this day and age, at a time when everyone's needs are always increasing every year, the availability of funds is absolutely necessary. Whatever the purpose, if you do not have funds, of course, the need cannot be met. This is often a problem, for people who already have a house or car, maybe it can be used as collateral to the bank. But what if it doesn't exist?
Take it easy, Unsecured Credit (KTA) can be used as a solution to the problem. This product has many advantages that greatly help your funding problems.
Yes, Unsecured Credit. This product is a bank loan that the bank gives to the customer without asking for collateral or collateral from the debtor. What are the advantages of this product? Here's the review.
Advantages of Unsecured Credit
Well, for those of you who are interested in using it. We will provide a little information on the advantages of Unsecured Credit:
1. Terms Are Easier Than Multipurpose Credit
As already mentioned, Unsecured Credit is given without any conditions of filing collateral from prospective debtors to creditors. Therefore, this is very helpful for those of us who do not have assets such as a house or car. For the issue of completeness of documents, banks usually only ask for photocopies of ID cards, family cards, and credit card payment records last month, as well as fill out forms.
To fill out a form sometimes you don't have to come to the bank. Because some banks already provide forms on their websites, which are ready to be downloaded (downloaded). Very practical, right?
2. Fast ThawIng Period, Can Be Less Than 3 Days
One of the advantages of KTA is that it can be used for emergency fund purposes or other urgent needs. Why is that? Because the bank does not require any collateral from the debtor, so the funds can be liquid within 2-3 days.
Of course, it can happen as long as the conditions needed have been met. For people who are in need of a quick loan, of course, this is very helpful.
3. Almost Every Bank Offers Unsecured Credit
One thing is for sure, you do not need to be confused looking for KTA products. Because now there are many banks that provide credit services without collateral. Some banks are even very vociferous in marketing this product given its relatively high market share.
Therefore, when you need a KTA, you just determine the loan funds to be borrowed and can go directly to the financial institution or compare it on the financial site.
Lack of Unsecured Credit
As a product, of course, Unsecured Credit also has a number of shortcomings. So in some conditions, he can not be used to the maximum:
1. KTA Interest Is Relatively High
One of the disadvantages that Unsecured Credit has is its high interest. One of the reasons is because this product does not include a guarantee as one of the conditions. So that makes the interest charged to be high. Of course, this will be a little burdensome for you when in the process of installment payments.
2. Must Have a Credit Card First
Well this is what often makes people fail to get Credit Without Collateral. Because one of the conditions provided by the bank is the ownership of credit cards for 1 year.
Even if you do not use a credit card, you must be a user of the bank payroll service. Most people don't know this deficiency. Although other requirements are relatively easy, but this must be remembered because it is crucial in the approval process.
3. Small Limit, So that the Tenor Period Is Relatively Short
This is the next shortage, banks generally only offer credit products without collateral with a limit of up to Rp 200 million. Because it is not as big as the multipurpose credit limit that can be adjusted to the price of collateral. The provision of KTA limit is usually seen from the credit card limit owned by prospective debtors.
Because of the small limit, the tenor period is also made short. So that the amount of installments that must be paid becomes a little larger.
Interested in using KTA?
Although it has its drawbacks, but Unsecured Credit can actually provide enormous benefits. Of course, when used as well as possible. One suggestion from us, try to find KTA products from banks or other institutions that are already trusted because the risk is smaller.
While borrowing money at less credible financial institutions can present detrimental things, one of them is fraud. So, how's your decision?
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