Take a loan into one of the alternatives to earn money in no time. The impending necessity that comes urges to be the reason why some people take out a loan. Moreover, these needs are present when the payday is still long or income from business has not reached the target.
It is very difficult to avoid these urgent needs. Because his interests need to get priority. Surely it is impossible not to avoid spending on school children’s needs as the school year begins to arrive? Or delay the marriage due to lack of capital that the number is not so much?
In such a situation, the loan comes to the rescue. The shape and the way are various. Some are in the form of KTA loans or Unsecured Loans, there are also loans under the terms of the guarantee or so-called pawn. Then, which is profitable, mortgage loan or KTA?
Ever heard of Pawnshop? Or have you ever seen a placard that says Pawn Center? Yes, both are nonbank financial institutions that provide conditional loans, aka pawn. Although many banks offer KTA, pledge of goods remains a mainstay.
To obtain a mortgage loan, the person who submitted must come to the place with the guaranteed goods. Although various technological innovations have been used in financial affairs, the mechanism of pledge of goods that can still be said is still conventional still applied today.
Can you imagine not a little inconvenient it feels to bring things, except the vehicle because it is enough with BPKB, as a condition to be able to borrow? However, for some, it is not a problem. The important quick liquid loans and soon get used.
Appeared as the First Pawnshop, This is the Reason Why Pawnshops Are There
Pawnshops have been present since 1746. Long before Indonesia became independent. The goal is clear to serve the needs of people who need loans. Because it was still in the period of colonization, Pegadaian named Bank Van Leening is under the supervision of the Dutch VOC.
There are three reasons why a Pawnshop is established. First, to prevent the practice of bonds, loan sharks, and lending with unfair returns. Second, improve the welfare of the small people. Third, support the Government’s national economic and development programs.
To be able to loan from Pawnshop, there are some things to know. In addition to providing gold, vehicles and electronic goods as collateral, the borrower must indicate his identity in the form of ID card / driver’s license. After that, the submission of the application will be processed approximately 30 minutes.
Pawnshops will provide 0.05% interest per day or 1.5% per month for each loan amount plus an administrative fee of 1% of the loan value. The duration or tenor of loan repayment starts from 4-36 months.
For those who are late to pay the mortgage loan, prepare to bear a fine of 0.05% per day of the loan value. If not paid, the goods used as collateral will be auctioned 7 days from maturity.
Unlike Pawnshops, this is what the Pawn Center offers
Pawnshops and Pawn Centers do provide mortgage loans in a conventional way, but there is a difference between Pawnshop and Pawn Center. If the Pawnshop is a government-owned or state-owned entity, the Pawn Center is a private Indonesian pawn company established in 1996 and has been granted a license from the Financial Services Authority or OJK.
On its website, Pawn Center claims to have more than 100 branches spread across the region in Indonesia. To be able to borrow from the Pawn Center, the following points need to be addressed. The following is also at once a difference with the Pawnshop.
First, the goods pledged to the Pawn Center are only limited to vehicles and electronic goods. Second, must show identity remsi KTP / SIM. Third, the application submission process is approximately 30 minutes.
Fourth, interest charged 10% per month and 5% for repayment less than 2 weeks. Self-repayment tenor for 2 years for collateral BPKB and approximately 3 months for electronic goods.
Fifth, there are penalties imposed for late pay, ie 5% for electronics and 2% for BPKB. Pawn Center auction time is longer than Pawnshop, which is for 14 days from maturity.
Equally loans, but there is a fundamental difference between mortgage loans and KTA. The difference is, the mortgage loan requires the guarantee as a condition of taking the loan, while the KTA does not require any guarantee. asuransi pendidikan
Take Loans that are Easily Available
Even if it has prepared and fulfilled the requested requirements, sometimes what is desired is far from expectations. Whether it’s because the value of the loan is not as expected, the credit history is not good, or the time of disbursement of the old loan.
Indeed compared to the KTA, the process of lending pawn faster, only takes 30 minutes. However, from the value of the loan, it could be because the goods are mortgaged age is not new, the value of the mortgage loan is not as big as the value of KTA.
For this reason, it is worth considering whether there are any shortcomings in preparing requested conditions? Is there a bad record during the first loan? Or is the value of the loan demanded by the value of the mortgaged goods?
If everything has been checked and obtained the results, of course choose the loan facilities whose terms most closely to be easily met. That way, the loan requested can be liquid as expected.