How to Apply for Self-Unsecured Loans and Simulation Calculations?


Applying for a stand-alone credit is often an option when you need funds. But for those who have never filed and want to apply, you can follow the procedure here by calculating the calculation so that the installment can be paid to the full.

Unsecured credit is one of the types of loans whose interest rates are quite high. The reason is, this type of loan offers a huge loan ceiling with a long tenure of tenure. In addition, the lender is a bank insecure lender so its security level is guaranteed. One of the banks that provides unsecured credit is Independent Bank.

Selfless mortgages are loans given by banks without any collateral or security requirements to be given so that those who do not own the asset or refuse to afford the asset can use this type of loan.

Advantages and disadvantages of Selfless Credit

Advantages and disadvantages of Selfless Credit

If you want to apply for a stand-alone credit, it’s best to know first-hand what the advantages and disadvantages are:

  • Easy loan application
  • The funds disbursement process is fast
  • The loan limit is high because it can reach $ 1 billion
  • The loan term can be up to 15 years
  • Can be used for anything
  • Many conditions are provided
  • Must have an active credit card
  • There is a BI checking process
  • Lending interest rates are high

How To Get A Credit Without Self-Reliance

How To Get A Credit Without Self-Reliance

If you want to lend without credit, don’t have to worry about how you have to follow the three simple steps below!

1. Prepare Terms and Conditions of Use

The first is to prepare the terms and documents first. Here are the requirements and documents to prepare:

  • nationals are domiciled
  • At least 21 years old and up to 60 years old at the end of the installment
  • Permanent, professional, and entrepreneurial staff with a minimum of 1 year of employment
  • Have a minimum income of USD3 million per month
  • Photo ID (Citizenship Card)
  • NPWP (Taxpayer Identification Number)
  • KK (Family Card) Copy
  • Real pay slip or income statement slip
  • Copy of SIUP (Business License) for entrepreneurs
  • Photocopy Practice Permissions for professionals
  • Credit card photocopies (front and back)
  • Credit card original charge for last 1 month
  • A bank account or a copy of a savings book

2. Select Online or Offline Submissions

The next thing you need to do is decide to apply for a stand-alone credit online or offline because there are two ways to apply.

  • Offline Submissions

For offline submissions, you can go directly to your nearest Bank branch office. Get the queue number first! Later when your queue is called, you will be directed to customer service . Let’s say you want to apply for credit without a loan. The cs will definitely explain to you the selfless loan and ask you to fill out the application form. Fill in the data well and follow the cs instructions. Remember to bring the requirements document along with the photocopy.

  • Apply Online

Applying online is a lot easier because you don’t have to bother going out and lining up at the bank. Just visit official website and select the default credit lending menu. But before applying, first prepare the requirements document in the form of a scan so you can upload it immediately. Since all documents are digital, the process is much faster compared to offline submissions.

3. Awaiting the Verification and Disbursement Process

If you submit online , there will usually be a verification process. So keep your phone on. As for offline submission, no verification process is required. Once verified, you just have to wait for the disbursement process. Refunded funds will be transferred to your account number immediately.

Selfless Credit Calculation Simulation

Selfless Credit Calculation Simulation

Before applying for a loan without a loan, you need to do an installment calculation simulation. This is intended to help you determine how much of your nominal funds should be set aside. How to do it is not difficult. First, determine the case examples first.

Let’s say you want to take out a $ 120 million unsecured loan for home renovation. Interest rates are 10% flat interest per annum with tenor installments taking 12 months because you don’t want to owe it too much. So low interest rate credit calculations are like this:

Basic installment : $ 120 million: 12 months = $ 10 million per month

Interest charged : $ 120 million x 10%: 12 months = $ 1 million per month

Monthly installments payable : $ 10 million + $ 1 million = $ 11 million

So each month you have to pay a $ 11 million installment until the tenor ends up being 12 months. Then what if your financial ability to repay a debt-free loan debt is less than USD 11 million a month? Relax Dude, you can change the tenor installment period to 24 months to make the monthly installment lighter.

If it takes a 24 month tenor, then the calculation of the credit simulation without a collateral is as follows:

Basic installment : USD 120 million: 24 months = $ 5 million per month

Interest charged : $ 120 million x 10%: 12 months = $ 1 million per month

Monthly installments payable : $ 5 million + $ 1 million = $ 6 million

From here you can see the difference. By taking a 24-month installment tenor, the amount of monthly installments you pay becomes smaller, at USD 6 million per month.

In addition to Selfless Credit, there is a Loan That Can Be The Solution When You Need Funds

One of the obstacles to applying for a stand-alone credit card is that you have to be ready if your application is rejected for conditions that cannot be fulfilled or for other reasons. If this happens, you don’t have to worry about not getting a loan because you still have an online loan.

Loans can be applied from $ 1 million up to a maximum of $ 20 million with a minimum repayment period of 180 days. For the terms of the loan, you will need to provide a National ID (Tax Card) and NPWP (Taxpayer Identification Number), as well as local bank accounts.

Then how do I ask for it? First, you need to download the app. Then sign up before you can login. After successfully logging in, you will need to complete your personal data and upload the required documents.

After all, you just have to choose the loan number you want and the loan term. If so, then click start submission. Wait for the submission to be processed within 1-3 business days. If your application is approved, the funds will be liquidated directly through the savings account you provided earlier. Don’t you think so?

Just like self-insured credit, before you apply for a loan online, it’s a good idea to do a debt calculator first to figure out how much you’re financially capable. Have a good time and hope your loan application is accepted!