Unsecured loans are often used as an option when you want to buy your dream item without necessarily providing any collateral. Unsecured loans also don't take much time to disburse. Interesting, right?
Even so, you still have to be careful when applying for a loan. Miscalculation makes your payment painful while losing the dream item that you desired. Then, how do you buy your dream item with an unsecured loan safely?
Apply for Unsecured Loans as Necessary
Never apply for a loan without taking your needs into account. Banks generally provide high limits. However, why should you borrow up to the maximum amount if you need less than half of that number?
The larger the nominal you borrow, the higher the installments you must pay each month. It is more reasonable to use an unsecured loan calculation simulation before applying for a loan. Make sure the installment you have to pay is no more than 30% of your total income.
Regarding loan limits, PermataKTA provides cash loans from IDR 5 million to IDR 300 million for each customer. You can set the loan amount you want and adjust it according to your needs. That way, you can quickly purchase your dream item.
Choose a Low-Interest Rate
Unsecured loans are indeed quite promising because, without collateral, you can already get any loan funds you want. However, many unsecured loan providers often provide high-interest rates. The higher the interest rate, the bigger the loan that you have to pay.
PermataKTA offers loans with relatively low and competitive interest rates. The interest rates start from 0.88% flat per month or 10.56% flat per year, with terms and conditions applied. This low-interest rate will make it easier for you to pay off the loan and minimize the potential for bad credit.
Look for Loans with Flexible Term
Unsecured loan applications need to take into account the time for repayment. This period also affects the nominal of installments you must pay. The shorter the tenor, the larger you must pay, and vice versa. Therefore, adjust the length of the tenor to your financial capacity so that you can avoid default.
Always Discipline on Paying Installments
Avoid unnecessary costs when applying for an unsecured loan, including late fees. Generally, unsecured loans carry a late fee of up to 5%. It will be detrimental, especially when the installment amount is quite large. Therefore, make sure you negotiate with the lender regarding the payment due date so that you can avoid late installments.
Another way to avoid late fees is to choose an unsecured loan service with an auto-debit feature. PermataKTA offers an auto-debit service every month. You only need to make sure the balance is available on the due date. The balance will automatically be deducted according to the installment value you have to pay. You won't have to face a late payment.
Choose the Easy Application Process
Applying for unsecured loans is generally difficult because there is no collateral. You will need some requirements for your application to be accepted. There is also time wasted for submitting some documents.
However, that is not the case with PermataKTA. The loans offer the convenience of applying for loans via mobile phones. You can submit anywhere and anytime. In addition, the only requirements you need are an ID card and Tax Registration Number. It's a quick and efficient application process!
Avoid Applying for Other Loans Before The Loan is Paid Off
Never apply for another loan before the previous one is paid off. Also, make sure there are no debts to be paid before applying for a loan. Having two or more debt repayment obligations will make it difficult for you to be disciplined in paying off loans without collateral.
Make sure the total installments you have to pay each month do not exceed 30% of your total income. If it exceeds, you may have difficulty paying the installments, including the repayment of unsecured loans.
Those are some safety tips for getting your dream item using an unsecured loan. The most important thing is that you have to know which loan is suitable and profitable.
PermataKTA is one of the unsecured loan options you should consider. With cash loans of up to IDR 300 million to individual customers, you can use them for various purposes with repayment periods of up to five years. What are you waiting for? Apply for a KTA and get your dream item right now!
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