Monthly Archive: May 2019

Cash Loans: Definition, Benefits, and Types

A cash loan is a product of a company or financial institution that provides loan facilities to prospective new customers (borrowers or debtors). Usually cash loans include two things, namely by accompanying collateral or without accompanying collateral.

If by accompanying collateral, the borrower is required to provide collateral or collateral, whereas if without accompanying collateral it means that there is no guarantee of involvement.

In fact, not only banks provide cash loan products, but other financial institutions are also able to provide such facilities so you don’t need to borrow funds from moneylenders who provide high interest portions.

Cash Loans by Accompanying Collateral

Cash Loans by Accompanying Collateral

Cash loans with accompanying collateral include three financing products, namely multipurpose loans, pawnshops, and private-owned pawnshops.

1. Multipurpose loans

1. Multipurpose loans

Multipurpose loans are one of the credit products from banks that provide cash loan facilities to borrowers (debtors) by providing collateral. That way, the size of the loan obtained can be adjusted to the price of the goods or property that the borrower pledges.

The general requirement for multipurpose loan borrowers is to have a monthly income that is in accordance with the selected multipurpose credit product, the age of the loan applicant must be above 21 years to under 55-60 years at the time of repayment.

Examples of multipurpose loans are BFI Finance, Kredit BRIGuna, BCA KKB Refinancing, Danamon Dana Pinjam 200, Batavia Prosperindo Finance Mutiguna, Sinarmas Multifinance, Mandiri Kredit Agunan Deposit, and others.

2. Pawnshop

2. Pawnshop

For those of you who want to make a cash loan, it can be submitted to Pegadaian owned by the Ministry of State-Owned Enterprises (BUMN). The type of loan at Pegadaian is quite diverse and can be resolved quickly and easily.

Pegadaian has an official permit from the Financial Services Authority (OJK) to provide funding or fast funding loans to the public. There are three types of loans at Pegadaian, namely Secure Fast Credit (KCA), Installment Loan (Krasida), and Creative Loans.

Of the three types of mortgage loans, all the requirements are very easy and fast. Borrowers must have an identity card (KTP), family card (KK), marriage certificate for those who are married, and STNK or BPKB for motorized vehicles.

3. Private-owned pawnshops

3. Private-owned pawnshops

Many pawnshops owned by private companies also provide cash loans on easy and fast terms.

When borrowing, you must see the status of the privately owned pawnshop, whether it already has a permit and is registered with the FSA or not. If you have, then you are allowed to borrow, if not then leave it.

The requirements given are almost the same, simply submit a resident card (KTP), family card (KK), marriage certificate for those who are married, and STNK or BPKB motorized vehicles.

Cash loans without accompanying collateral

Cash loans without accompanying collateral

Credit without accompanying collateral is a form of cash loans. This form of credit includes unsecured loans (KTA), online loans, and credit card cash advance.

1. Unsecured Credit (KTA)

1. Unsecured Credit (KTA)

KTA is a banking product that is in the public interest. This one cash loan does not need to guarantee assets as collateral. Usually borrowers use KTA products to pay off children’s education costs, medical expenses, vacations, and so on.

To use a KTA loan, the borrower must fulfill several conditions, such as shouting a photocopy of identity card (KTP), a copy of a credit card, a copy of the taxpayer’s main number (NPWP), a pay slip or an income certificate, a copy of a Trading Business License (SIUP) and account bank newspaper.

2. Online loans

2. Online loans

If you need extra funds without collateral, online loans can be an option. This is a fund loan facility by online financial service providers.

Online loans of this type can be resolved without difficulty and without leaving the house. You just reach it through an online application that is available on various types of cellphones. So, you don’t have to queue at the bank because credit searches like that have been swallowed up in time.

Usually the online loan requirements include ownership of a resident card (KTP), minimum information on the age of the borrower, Family Card (KK), savings book, and the borrower having a job as well as a minimum fixed income of Rp2 million per month.

3. Cash advance credit cards

3. Cash advance credit cards

Advance cash credit card is the amount of funds provided by the bank to customers. Later, customers can withdraw money from the credit card account from an automated teller machine (ATM).

Credit card cash advance products should be provided by banks, both state-owned and private. Regarding the amount of money customers can withdraw will vary depending on the policies of each bank.

Before making a credit card cash advance, you must pay attention to three things, namely fees charged, interest rates, and credit limits and cash withdrawal limits.

By understanding cash loan products and procedures, you can now be wiser in making choices. Most importantly, make sure the amount of money borrowed is according to your needs and try to be able to repay the installments on time.

Compare and apply for quick loans in minutes

If you are looking for a personal loan or online microcredit that you can access in a few minutes and with which you have the possibility to choose what type of credit you want, CreditaerMarket is one of the companies that will give you the most variety; since CreditaerMarket is one of the platforms that offers comparative users of all the companies that give credits with the requirements that you have requested.

How CreditaerMarket works

How CreditaerMarket works

In order to get the amount of money you need, you just have to answer some very simple questions through which CreditaerMarket can find out what the needs of the people asking for the credits are.

The platform gives you the best options for you, without this implying a commitment, the credit response will be given in a few minutes, but you can decide at the last moment whether you want it or not.

Bankero is now CreditaerMarket

Bankero is now CreditaerMarket

The Bankero platform is the new CreditaerMarket and its entire platform is a great searcher and comparator of financing products among which are loans, mortgages, credit cards, deposits and bank accounts of all kinds. The previous page of Bankero no longer exists and the new presentation comes from the hand of a new page more colorful and full of colors. The interface is much more intuitive than the previous one and the products are much easier to search.

In addition, the Bankero team of professionals has expanded to CreditaerMarket in order to provide better online service and make your life easier when it comes to finding a new credit.

What are the benefits offered by CreditaerMarket

What are the benefits offered by CreditaerMarket

CreditaerMarket It has several benefits compared to other comparators. One of the first is that they have the leadership in evaluating each case with the greatest speed and the highest acceptance of credits because within them the best credit can be found for each case. The reason is that CreditaerMarket searches in more than 50 banks and financial institutions, choosing only the best for each case.

The entity is an expert in all types of financing with a great experience of more than 10 years. His journey began in 2007.

What you can find inside the CreditaerMarket platform

What you can find inside the CreditaerMarket platform

Within the platform, you will find the following options.

CreditaerMarket Loans :

Types of loans for Vehicles

You can get a loan from 2000 euros to 15,000. The first thing you should do is choose the amount you are looking for. Afterwards, the platform will ask you what your monthly income is to be able to find deadlines and credits according to what you earn.

They will also ask you about the work situation and if you are on the list of defaulters.

Types of Motorcycle Loans

Then you will find the motorcycle loan area where the platform will look for the best option in online credits so you can buy the bike you are looking for. By choosing the option and after passing a few simple questions you can enjoy the credit

You will also count for renovations, which will allow you to renovate your home to the possibility of buying new furniture or even both.

Unification of debts

To enjoy many things, sometimes we have to ask for several different credits, which can lead to debts that exceed us at some point. For these cases the best option is the reunification of debts.

Loans and fast loans

In CreditaerMarket you can find fast loans and credits online from 100 euros to 10,000 euros and normally you should return it in a period of one month to 5 years. Some companies can give you the possibility to extend the payment deadline for a small amount of money, which will allow you to have more time and that the company does not put you on the list of defaulters.

The data they ask for is minimal, since they will only ask for the DNI and some basic banking information.

In this type of credits, the advantages that are presented are the speed with which they occur and the few procedures with which you have to work to get a loan.

Its main advantages are the immediacy with which they are granted and the few procedures that they require. While its great disadvantage is its cost, higher than the rest of loans.

CreditaerMarket Mortgages:

CreditaerMarket gives you the possibility of finding the best options in mortgages, since you only have to put your personal data and a little information about your finances, as well as choosing the best option within your possibilities for you and your family.

This is one of the best mortgage comparators in the market, since for the client the best in interests, commissions and connections.

CreditaerMarket also has a full mortgage simulator.

CreditaerMarket credit cards:

Through CreditaerMarket, you can also get credit cards for you. This allows you to postpone the different payments of your purchases. This type of card is revolving credits and most companies give them to all their clients. The amount of money that can be found in these cards increases with the passage of time and as you return the money to the card you can use it again.

The maximum amount that may be available is established in the contract of issuance of the same and may vary depending on the financial institution that depends and the credit history of the client, the same happens with the reimbursement period. In addition, it can be modified if the bank or bank and the owner reach an agreement. Deferring expenses with credit cards means applying an average interest that ranges between 12 and 25% APR.

In this type of credits, you only pay the interest for the amount of money you use each time and not for the total of that credit. Another advantage of this type of credit is that you do not need to change banks to get one.

What requirements do you need to have a card

To access a card, you must take into account the requirements that are requested to acquire one. In most cases, the bank situation of the borrower, in addition to the money he earns per month are things that almost all banks take into account. The cards that are given to the clients, increase the amount of the pre-granted credit as the client complies with his payments.

Bank accounts

Finally, CreditaerMarket gives you all the benefits when looking for bank accounts that have exactly what you are looking for. Just put what the bank account of your dreams should have and in a few minutes you will have the entire selection of bank accounts to choose the one you like the most.

CreditaerMarket deposits

In this platform, you can find the best option in deposits of all kinds, being one of the best options to find the type of deposit you are looking for. In addition, you will find a deposit simulator within the platform that will help you to simulate the type of performance it will give you and the periods in which this will happen once IRPF retention is applied.

conclusion

conclusion

Although CreditaerMarket is not an entity as such that will give you credit, it is a large database on banking products that will give you a list of the best online platforms that can give you a credit based on the data you have put in your application. This will save you time, besides a lot of money, since it will avoid the companies that show a very high commission or those that have had a bad reputation, besides giving you the list of the platforms with the highest number of satisfied clients.

The platform also has a filter that allows you to find everything more quickly and divide the types of credits, the types of loans by banks, the loans that are granted for a specific purpose, the entities that will give you cards and a selection of the best banks.