The debt taken by a person can be used for anything, including business capital. Not a few people who apply for loans or debt for productive activities such as pioneering and developing business.
Well, if you as a lender (receivables), then you should also know details about the borrower. There are so many benefits when lending, especially if it is used for venture capital.
By lending, you will help entrepreneurs to further develop. There are many benefits that you can get by lending, especially if the loan is returned in a faster time.
Then, what are the advantages of repaying loans or debts quickly? Siman his review follows:
Benefits for Lenders:
1. Get Better Returns from Borrowers
One of the advantages of loan repayment before maturity, will make the lender can get his money back faster. That way, you will not linger waiting for the repayment of the borrower.
This profit will also be accepted by the borrower, in which the debt will be more quickly paid or paid. For example, if you give a loan of Rp12 million with a repayment period of about 12 months, when in the third month, the borrower repay the entire bill, this would be very beneficial for you, because you do not need to wait up to 1 year.
2. Rotating Investment
With faster loan payments, then you can also faster to turn it for investment. That is, you can immediately lend to other borrowers. By lending to others, of course you will be much faster profits. In this case, you will be much faster to get a relationship, even a new partner in the investment.
3. Provide Loans to Micro Business Actors
Giving a loan to the borrower must be clear, for what the loan funds will be allocated, and how long the borrower will pay off. However, other than that there are other advantages, such as by providing loans to micro business actors. asuransi pendidikan
By lending to micro business actors, by providing these loans, it will make the micro entrepreneurs will be much more developed and able to develop their business.
4. Increased Loan Ceiling
The advantage of faster loan repayment is increasing your ceiling. With the increase in the ceiling, it will also increase your capital to grow the business. In addition, it will be easier for you to lend to other potential borrowers.
5. Fast Debt Relief
The advantage or benefit of a faster debt repayment for the borrower is to reduce dependents every month. When you pay off the debt faster than the given period, it will automatically also lighter your financial burden. In addition, you can also start buying items you need or want.
6. Easier to Submit Next Loan
Another benefit for the borrower if returning the loan money more quickly is the borrower will be easier to resubmit the next loan.
For example, if the time of your loan is only 10 months, when in the 5th month you can already pay off, the debt will be more quickly completed and you will get a trust or a good track record of credit.
That way, would make it easier for you to apply for the next loan or at a later date if at any time needed.
Immediately Repay Debt and Build a Good Relationship
Yes, the good relationship between the lender and the borrower must be well maintained. Because this will make the relationship of both parties will run smoothly and smoothly. Not that you should always communicate, at least the lender can know the allocation of the loan.
Likewise with the borrower, you should be able to give a good impression to the lender. Make sure if you always pay the installments on time, so that later get a good impression and easy to resubmit the loan.