So many things are “killed” by technology, these things are replaced and renewed solely for convenience and to make things more efficient. For example, in the past if you wanted to eat something you had to come to the restaurant or place to eat yourself. But now we only need to scroll and a few clicks on the cellphone, then we just have to wait and sit at home and the food will come. Now, we also don’t have to bother removing cash and waiting for the courier to look for change because we already paid using an electronic wallet.
Another example, in the past if we wanted to borrow money we had to go to a bank which was a very long process and we had to come to the bank ourselves. If you borrow money from friends or relatives, you have to endure shame and not necessarily give it away. With the development of super-fast technology, now you can borrow money using an online system or Fintech Peer to Peer (P2P) Lending or Fintech Lending. The requirements that must be met are very easy and money can be disbursed quickly.
This online loan service (pindar) is intended to fill the gap in financing needs in Indonesia and open access for those who do not have access to banking services or other funding institutions. Like two sides of a coin, on the one hand fintech lending is made to make it easier for consumers to finance their needs or develop their business. On the other hand, the easier it is to get a loan, sometimes we are complacent to borrow frequently without taking into account our ability to pay off the loan and more dangerous again sometimes these loans are made only to meet consumptive needs.
In order not to regret and lose many things in the future, pay attention to the following points before making an pinjaman online OJK.
- Borrowing from a company registered / licensed with the OJK.
Until now, there are hundreds of fintech lenders that offer easy and fast loan funds, but in fact, until April 2019 there were only 106 fintech lending companies registered / licensed at the OJK. Make sure you only make loans at companies that are registered / licensed at the OJK because that way the business processes and fintech credit products have been verified and have received supervision from the OJK. Check the legality of the lending company by telephone or Visit the site – nazwaproduction.com
- Second, borrow according to your needs and abilities.
With the convenience provided in obtaining loan funds, don’t let you become complacent and borrow more than necessary. The count, the total loan allowed is a maximum of 30% of total income. Don’t borrow for consumptive needs so it’s not burdensome and don’t forget to consider other installments that must be paid. Don’t make it difficult for you to pay off your existing bills, huh!
- Pay the installments on time.
Always pay off the installments on time to avoid inflated fines. So you don’t forget to pay, set reminders on your phone or put alerts on your calendar at home or at work. Isn’t it good if you’re overshadowed by debt for too long? For that, manage money wisely and adjust loans according to ability.
- Avoid digging the whole cover the hole.
This is really dangerous, don’t pay off the loan with a new loan to avoid getting into debt. This method does not make the bills paid off quickly but instead adds a lot of bills which can be even more difficult for us to pay off. Make paying installments a top priority after receiving a salary.
- Know the loan interest and penalties before borrowing.
Not a few, you know, who ignore this on the grounds of “needing fast”, even though the interest and penalties will affect the amount of bills that must be paid. Learn in advance the interest and penalties offered, do a survey of several fintech lending companies as a comparison before making a loan.
- Understand the contract agreement.
Read carefully the contract agreement offered, and ask questions if it is not clear. If we do something that violates the provisions, the result is an approaching sanction. That means, if you don’t want to get into trouble, don’t ever break the existing rules, friend!
If you don’t want to lose more money and lose your closest people, be wiser and smarter in managing money and making loans from fintech lenders, yes!
