Interested in applying for a stand-alone credit? Before applying, know the advantages and disadvantages, the requirements and the documents, and how to apply here!
Bank is one of the government owned banks whose presence is quite popular. This is of course because Bank has many excellent products that can provide a lot of benefits to its users. Call it savings products, credit cards, homeownership loans, motor vehicle loans, and even more unsecured credit.
Mandatory unsecured credit is a type of loan given to a Bank customer without the need for a specific collateral or security. That way, people who have no assets or refuse to invest their assets can easily lend.
Advantages and disadvantages of Selfless Credit
Each bank’s products always have their advantages and disadvantages, except for self-insured credit. In order for you to know more, these advantages and disadvantages!
The Disbursement Process is Fast
The advantage of a stand-alone loan is that the loan process is very fast because basically this type of loan does not require collateral or guarantee so there is no asset valuation process. If the data has been verified successfully and the document is fully furnished, the funds can be liquidated within 1 business day. If you want to make the process faster, you should apply online so that the data and documents provided are already digital.
Can be Used for Any Need
This type of self-insured credit loan can be used for any purpose. Whether it be home renovations, hospitalization costs, education costs, vacation costs, wedding expenses, venture capital, and more. But remember ya buddy! It is advisable to use Selfless Credit for emergency purposes and avoid using consumable items.
Great Credit Limit
The limit provided by the Credit Unsecured credit group is very large compared to the loan limit provided by other banks. The maximum limit you can get from a debt-free credit is US $ 1 billion. Of course this amount is not something you can ask for and just get it. The Bank will also look at how much your monthly income will determine in order to determine how much of your loan can be loaned.
Long Tenor Period
Unlike tenure-free credit tenants from other banks that offer a maximum of 60 months (5 years only). The tenure of selfless credit can last 15 years. This is because the loan amount given is also large enough so the time taken to repay the loan is longer. Although the term tenor is long term, it is advisable to take the short term tenor so that the debt can be repaid quickly.
Highly Loan Interest Rate
It should be noted that the Debtless Credit Loan interest rate is quite high compared to other loan types. High interest rates are due to many factors such as lack of collateral while the loan funds provided are large. Of course, banks have to impose more interest in exchange for the issuance of securities.
Must Have a Credit Card
The disadvantage of self-insured credit is that it has 1 year of credit card ownership. Of course not everyone has a credit card. Why have a credit card? Having a credit card can make it easier for the Bank to see how much you can pay in installments on time and without delay. Considering your willingness to pay a monthly installment, Bank will be able to give you a loan without a loan.
Terms and Documents To Apply For A Credit Without Credit
To apply for a self-insured credit, you must meet the requirements and documents that the Bank recommends:
- nationals are domiciled
- At least 21 years old and up to 60 years old at the end of the installment
- Permanent, professional, and entrepreneurial staff with a minimum of 1 year of employment
- Have a minimum income of USD3 million per month
- Photo ID (Citizenship Card)
- NPWP (Taxpayer Identification Number)
- KK (Family Card) Copy
- Real pay slip or income statement slip
- Copy of SIUP (Business License) for entrepreneurs
- Photocopy Practice Permissions for professionals
- Credit card photocopies (front and back)
- Credit card original charge for last 1 month
- A bank account or a copy of a savings book
How To Get A Credit Without Self-Reliance
If the requirements of the document have been met, then you have to submit them immediately. There are two ways to apply for a stand-alone credit:
1. Apply Offline
The first way is to apply offline by going directly to your nearest Bank branch office. Don’t forget to bring all the paperwork and fill out the no-credit offer form provided. Once you have filled out the form and submitted the document, you will have to wait for the Bank to contact you.
2. Apply Online
The second way is to submit it online. Applying for a stand-alone credit online is easier because it can be done anywhere and anytime. The online application for Mandatory credit card is split into two, either through the Bank’s official website or by applying for it through a leading fintech site. If you apply for a standalone Credit online, you will need to scan all the documents in digital form so that they can be uploaded immediately. To submit this, you simply visit the site and follow the instructions provided and upload all the terms.
Applying for a standalone credit online online is usually much faster than offline because the incoming data is already digital. This Credit Unsecured credit can take between 1-14 business days.