Capital is one of the obstacles for some people who want to start a business. Especially for those of you who do not have enough capital to start a business. One way to get capital is by applying for a loan immediately in the place of borrowing money.
But in Indonesia, most of the money lending services require you to provide collateral. For businesses that are still small and new, of course, they still do not have collateral that can be given to get a loan. That’s why loan services without instant collateral are money lending services that are sought after by small business owners.
Collateral is needed to give lenders a sense of security so that when the loan is not paid, the lender does not lose. However, given that Indonesia’s economic condition is still less stable, collateral is certainly one of the things that is burdensome. Small entrepreneurs are more likely to seek loan services without instant collateral which provides loan application terms that are quite easy and safe.
Financial Institution for Instant Collateral Lenders for Small Businesses in Indonesia
For those of you who need a loan service without any conditions, some financial institutions and government programs make it easy for you to get a capital loan. Of course, each financial institution provides certain conditions that you must fulfill. The financial institutions that provide unsecured loans for small businesses in Indonesia are:
Borrowing money in cooperatives is much safer and more importantly, easy conditions and fast processes. Only by registering as a member of the cooperative, you can directly borrow money and loans immediately liquid. In addition the cooperative also gives you profits in the form of residual proceeds (SHU) that are given at the end of each year. The bigger the loan amount, the more SHU you can get.
- Unsecured Credit (KTA)
By applying for a loan through KTA, you do not need any collateral. The process of getting a loan is very fast and the conditions are quite easy. To get a loan you only need a KTP and a credit card. The process of paying a loan is done through a credit card. Make sure the loan without collateral is right on target according to your business needs so that the return can be on time.
- People’s Business Credit (KUR)
KUR is a program created by the government to help provide capital to small and medium enterprises with easy conditions. If you want to borrow money without collateral through KUR, you can apply for loans at several local banks appointed by the government. Some of them are BRI, BNI, BTN, Mandiri, Bukopin, and Mandiri Syariah banks.
How to get collateral loans from the government
There are many ways you can get a loan with easy terms. One of them is by applying for loans through a program held by the government. To support domestic economic growth, the Indonesian government created many capital loan programs, especially for small and medium enterprises (SMEs) in Indonesia. In order to be able to take part in this program, there are several steps that you must do, including:
- Make a business proposal as attractive as possible that describes the business you are developing
- Be diligent in opening government sites such as the Ministry of Industry, Ministry of Trade, and Cooperative and SME Ministry sites.
- Apply for loans without instant collateral through the people’s business credit program (KUR)
How to get loans without instant collateral online
One alternative to get a loan without instant collateral is through online money loan services. The development of technology is one of the factors in the emergence of liquid online direct loan services without collateral. By applying for a loan online, there will be many conveniences that you can get, one of which is a fast process. In addition, you can apply for a loan without any collateral.
You can get one of the instant loan collateral services at Lady Macbeth.id. Only by applying for a loan online and do a complete and valid online loan loan form. After that, wait a few moments until your loan proposal is approved and in less than 24 hours the online loan funds are immediately liquid. The funds will be transferred to your bank account.
Direct online liquid loans without collateral are suitable for those of you who are developing small businesses. Applying for a loan at Lady Macbeth ID for example, you are free to decide for yourself the amount of loan you want and the maturity. A calculator on a money loan without collateral will calculate the amount of the loan you have to pay.
In addition to the convenience of applying for an online money loan immediately liquid, you can do the return process easily. Simply transfer the loan payment to the account of the online loan service provider through ATM, mobile banking or internet banking. Remember the maturity of your loan repayments should not be past due because you will get additional fees.
Things you must know before applying for unsecured loans
There are a number of things you should know about loans without collateral. Some of them are the interest that will be charged to you tends to be higher when compared to conventional loans. In addition, the amount of funds that you can borrow is quite limited, not as large as conventional loans. And also the loan maturity is quite short and you will be charged an additional interest if you are late in repaying the loan.
Smart Tips for Getting a Unsecured Loan
Many people assume that by using a loan service without instant collateral there is no risk or loss that you can get. The disadvantages referred to here are the shortcomings of loan providers without collateral compared to financial institutions providing loans with collateral. Of course before you decide to apply for a loan, you must know in advance the type of financial services.
You don’t need to worry about using a loan service without instant collateral because of the fact that there are many conveniences that you can get. You must be a wise money borrower by paying attention to a number of things so that you can decide to use money loan services without collateral or conventional loan services. The following are smart tips for applying for loans for those of you who have a small business:
- Calculate the amount of money you need. Borrowing money in excess of or less than your needs is not the right choice. You should borrow a little more than your needs so that your financial condition is safer so you don’t need to apply for a loan again.
- Choose loan services without collateral that are comfortable and safe for you. If you need a loan that is urgent, you should use a loan service without instant collateral that provides a fast process and easy conditions.
- Comparing several existing loan services. Before deciding to apply for a loan on a money loan service, it would be better if you know the background of the loan service. For example, if you want to apply for a loan at Lady Macbeth ID, you can find out info and background on loan services by opening the official website.
- Know the terms and conditions for applying for a loan without collateral. Some loan providers provide different terms and conditions. Look carefully so you can get a loan easily.
- If you find that your loan application is rejected, don’t despair first because there are still many loan providers without instant collateral that you can try.