Online Money Loan Service – Increasingly advanced technology can facilitate all work. One of them is a fast, secure and practical financial transaction with just a smartphone. One of them is to make money online. You need to know the right tips and ways to choose an unsecured money loan service that is widely available on the internet.
Borrowing unsecured money is the favorite of many people rather than money loan services that require collateral. Why? Because it is easily accessible and your data will be safer from any form of crime. You must follow the terms and conditions you need to know before borrowing money online. You also have to determine what the money is for.
In addition, some people want interest-free online money loan services. But, as we know, most money loan services have interest to pay each month. So, in the following information, I will try to figure out how to choose the best and trusted online money loan without guarantees or even interest. Let’s see.
10 Tips for choosing an unsecured online money loan service
1. Registered with the Financial Services Authority (OJK)
This first tip is a must for you to know when choosing a trusted and secure online loan service. Try to pay attention to the name of the online loan provider, then check first whether the service is legal or illegal on sites that are already provided by the government.
Conversely, if the name of an online money loan service is not registered with the government, you should be suspicious. Don’t just focus on the convenience of the facilities offered, or even their unique advantages. Always check the background of the online loan company carefully.
2. Reasonable terms
Trusted online loans always provide reasonable terms and conditions to all customers. What are the appropriate and legal types of conditions? A trusted loan service will always require documents such as id cards and work certificates, proof of transaction for the last three months from a bank account, proof of previous credit history if you have ever borrowed money.
Borrowers generally underestimate these terms; Some people even choose unsecured loan services, which can harm your identity. Do not let you be tempted by easy and cheap conditions, but in the end the loan service money can not be trusted.
3. Transparent amount of flowers
The next tip to note is that online loans will be open about the stages and process of applying for a clear and transparent loan along with interest. They will explain in detail and clearly from the time of payment to the things that can take the asset.
Thus, you can know the amount of the bill along with interest and will not go up suddenly without any prior notice. In addition, the billing process will not interfere with you and those closest to you, so it will not interfere with your privacy.
4. Have an official website
Online loan services with official websites can be used to choose trusted services. Because the official website in question contains informative information that shows the type of loan product and has the right address and company contacts so that it can be visited easily.
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5. Have clear contact
Before you choose an online money loan service, you should know the company’s contacts as an online loan provider. Contact numbers such as head office numbers and customer service numbers. If the service does not have a clear identity, you should not choose the online loan service.
6. Learn the cost
Before borrowing money online, you should look for as detailed information as possible about the accompanying fees such as about service letters because the loan has been approved, administrative fees, fines if there is a late payment, and penalty fees charged if payments are expedited.
7. Know the disbursement procedure
Online loan money disbursement is very fast and takes only a few hours. However, it should be noted that although disbursements can be done quickly, you still need to know the disbursement procedure starting from the time of submission or verification of data until money goes into your account.
8. Understand the loan contract
If you have found a trusted money loan service online, and it would be better to also be careful in looking at online loan contracts. The agreement itself becomes the legal basis in the process of borrowing. All obligations and rights are also stipulated in the contract agreed upon by both parties.
9. There is no requirement for a down payment
Another feature that stands out and ensures that online loan services are not trustworthy is when a condition you give a down payment. Some funds are used as down payments, for example for disbursement of funds. That’s a way to scam you because no online app asks for a down payment as a condition.
10. Not asking for banking data
In addition to not asking for a down payment, a trusted online money loan service will also not ask for your banking data. You need to remember that they will only ask for your account number. Trusted services won’t ask for your birth mother’s name, date of birth, or even your credit card number. Therefore, you need to be vigilant to find online loan services that ask for your data.
Here is more information that discusses short tips and tricks in choosing a service that provides online money loans with the best services and facilities. There are already many online loan services that allow it to be used with loan amounts from small to large. However, each has terms and conditions in making unsecured money.
If you want to borrow money online, you should always remember to always choose a trusted online loan service. Always follow the stages of the procedure how to borrow money online correctly and then you can get the benefits optimally. Good luck.