Submission of Good Credit Loans Can Be Instantly Approved

Applying for a mortgage loan is not all approved by the bank. Submissions are often denied for a number of reasons. In order for your submission to be rejected, try to get acquainted and learn below!

Credit or Credit Without its name is no longer familiar to the public. Good Credit is one of the most versatile loan products as it can be used for any purpose. Let’s say for home renovations, vehicle repairs, hospital expenses, business capital, wedding expenses, and so on.

So it’s not like a home mortgage loan can only be used to buy a home or KKB (Motor Vehicle Credit) that can only be used to buy a car or motor vehicle. Good Credit loans are issued by banks, both private and government. Almost all banks in Indonesia have credit card Good Credit loan products so you can choose which one suits your current financial needs and capabilities.

The nominal Good Credit loan amount is quite large

The nominal Good Credit loan amount is quite large

The average Good Credit loan bank can loan you from $ 5 million to hundreds of millions over a tenor period ranging from 12 months to 60 months. But remember, it’s not because the loan amount is high so you can be tempted to lend it high because there are interest rates that are large enough for you to pay back.

The average Good Credit loan stays fixed interest rates in the first 1-2 years while in the installment years after the floating interest rate system has been implemented to follow the market interest rates.

Factors That Can Determine Acquired Credit Loan Application

Factors That Can Determine Acquired Credit Loan Application

The main problem with the Good Credit loan is that all incoming applications are not always approved because the screening process is very strict. Therefore in order for your Good Credit loan application to be accepted, there are a few things to keep in mind:

Clear and True Personal Data

When applying for a Good Credit loan, there will definitely be a form you need to fill out. This form contains your personal data, whether your full name, domicile address, National Identity Card (ID), date of birth, email address, and telephone number. You need to fill in this data clearly and correctly, especially when filling up a contact phone number because the bank will do the verification process later. When the bank verifies your data and the phone number you provide is unreachable, the bank may cancel your unsecured credit application. Of course you don’t want this, do you?

Full Documented Document

In addition to providing accurate and accurate personal data, you must also provide complete documents as incomplete requirements documents are provided, which can reduce online Good Credit loan applications. Then what are the documents to prepare? Good Credit lenders differ, so the terms of the requested document vary. But most average Good Credit lenders will require documents such as a Resident Identity Card, National Identity Number, Tax Slip or income statement, newspaper accounts for the last 3 months, and personal bank account numbers.

In addition to the terms of the document, there are also banks that provide additional terms such as active credit card ownership for a minimum of 1 year with certain limits. You must provide this document as a whole and do not miss it. If you apply offline, then you copy everything. But if you apply online , then you have to scan the document. Remember to make sure the photocopy or scan results of the alias are not blurry so they can be read by the bank.

Good Credit Track Record Record

If you’ve applied for a loan before, have you ever been in arrears of late repaying it? When you apply for a Good Credit loan, the bank will definitely check your credit track record by doing BI checking . If you have a good track record of credit, then it is certain that your mortgage loan application will be approved immediately.

But if your credit score is poor, then you should be prepared to accept that your mortgage loan application was rejected. In fact, a bad credit track record can be cleared by paying off all your existing debt.

Have a Job or Earnings

Employment is very important in applying for a Good Credit loan. Required jobs mean not just employees, but also entrepreneurs or professionals such as doctors, lawyers, lecturers, and more. Exact working status will make the bank consider applying for your mortgage loan. On the contrary, if your job status is unclear, the bank will definitely not lend you any money.

In addition to employment, usually on a Good Credit loan, there is a minimum income requirement that can be proven by providing a pay slip or income statement. Some require at least USD3 million to $ 5 million. So before applying for a Good Credit loan, it is a good idea to know what the minimum income requirements are required by the bank for the Good Credit loan provider you are headed to.

Use of Funds for Good

Good Credit loans can be used for any purpose. But that doesn’t mean that you can use it for certain things that are bad in nature. The bank will definitely ask you, what kind of funds are you going to borrow? Especially if the funds to be borrowed can reach hundreds of millions of dollars. If you want to use it for venture capital, then you have to prove it with a business proposal, if you want to repair the vehicle then prove it with a photo of your damaged vehicle, and so on. So as long as you use the funds for good purposes, the bank will definitely approve your mortgage loan application.

Loans When You Need Emergency Funds?

Loans When You Need Emergency Funds?

If the Good Credit loan application has already been rejected by the bank many times, where should we apply again? Calm down because there are so many lending options you can ask for. One of them is Good Finance. Good Finance is a provider of online-based loans for the submission process is done through the application system. So you need to first download the Good Finance app available on the PlayStore or AppStore in order to apply for a loan. The loan plan provided by Good Finance ranges from $ 1 million to $ 20 million. The tenor is up to 180 days (6 months). 

Although it is in the online loan category, but you do not have to worry about the security of this loan since Good Finance is already registered with OJK. That way all processes are monitored by the OJK from filing, disbursement, to billing so that you are safe and you can avoid the risk of fraud. So you need not worry ya buddy!

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