Bad credit loans- Simple application with online finance companies for bad credit
July 19, 2019
The simple & secure application process with online finance companies for bad credit
Online bad credit loan is a loan facility funded by financial service providers, try this. This type of financing is widely known to the public as the financial technology (fintech) company. In this discussion, we will raise the topic of online credit through the application.
In terms of choosing a trusted online credit application, you should prioritize those already registered with the Financial Services Authority (OJK). This aims to minimize the risk of fictitious transactions or illegal interest rate calculations.
What are the online credit applications that you can rely on to apply for a loan? Let’s check one by one in the following discussion.
Credihuy is an online credit application that provides two products, namely installments without credit cards and online cash loans.
Installments without credit cards from Credihuy make it easy for debtors or borrowers to buy or shop for goods online on e-commerce. This product can provide 0% interest, provided that the installments can be paid for 30 days. Whereas for installments of 3 to 12 months will be charged an interest of 2.95% per month.
Online cash loans at Credihuy are divided into two types, namely:
- Mini loan.
- Jumbo loan.
The mini loan has a time limit of up to 30 days by providing a funding range of IDR 3 million to IDR 30 million. Interest on mini loans can be divided into two types, namely interest at 4% if the borrower uses a 30-day tenor and interest of 2.95% for borrowers who choose a tenor of more than one month.
Products from this mini loan will also be subject to a 6% administration fee for the debtor loan amount.
Jumbo loans have a minimum limit of Rp1 million and a maximum of Rp30 million. The maximum cash loan limit will be adjusted according to the six-month tenor limit in your Credihuy account. Interest for this jumbo loan is 2.95% per month and will be subject to a 6% administration fee in advance for the amount of the debtor loan.
The conditions for being able to access online credit applications at Credihuy are:
- You must be an Indonesian citizen who has a KTP and is 18 to 60 years old.
- Have a job and earn a minimum of IDR 3 million per month.
- Based in Greater Jakarta, Surabaya, Medan, Bandung, Semarang, Palembang and Denpasar.
2. Housing Loan
Housing Loan is a finance company that previously used an offline mechanism. At present, Housing Loan has an online application that is freely accessible to the public.
The credit limit at Housing Loan ranges from IDR 750 thousand – IDR 20 million. The tenor is around 10 months to 18 months with interest rates starting at 0% per month.
No need to be complicated, the requirements to access it are enough to show:
- Driving License (SIM).
- Have a job with a steady income.
- Saving book.
- Family card.
The online credit application TutooKa is a product of Amar Bank with a loan of Rp20 million.
The application decision process in TutooKa only takes one day. In fact, the process of disbursing online credit applications generally takes up to three days.
TutooKa products do not provide a large interest rate each month, which is only 3% per month. However, if there is a delay in paying installments, a fine of 0.16% per day will be imposed.
The online credit requirements at TutooKa are not very complicated, including:
- ID card from the borrower.
- The borrower must have a job.
- The lowest fixed income is IDR 2 million.
Bungades is a loan service whose application is based online. Loans at Bungades reach a maximum of IDR 8 million with a tenor of 1 to 6 months and interest reaching 0.33% per day.
Online credit in Bungades does not need to be complicated, just fill in personal data in your mobile application and wait for the verification process that does not take long. When it has been approved, it will get a loan in less than 28 hours.
Requirements for borrowing at Bungades include:
- 21 to 50 years old.
- Have a job as a public or private employee.
- Based in Jabodetabek.
- Has a minimum fixed income of IDR 3 million.
5. Credit Glober
Credit Glober is an online-based loan application whose main mission is to facilitate borrowers. Through this application, you can choose the amount and tenor of the loan according to your personal needs and desires.
Credit Glober application has a loan nominal of around Rp 200 thousand to Rp 2 million. The tenor offered can be chosen for 14 days to 3 months, with an interest rate of 0.5% per day.
The conditions for borrowing are quite easy, namely:
- You must be at least 18 years old.
- Photo ID.
- Have a job and a steady income.
After all the requirements are met, then just wait for the verification process to complete. After that, loan funds from Credit Glober are sent directly to your account.
AminTo is an online credit application in the form of installment services without credit cards and cash loans. Now, these applications are currently circulating in the community.
The online credit process at AminTo does not reach one day with a range of loans ranging from IDR 2 million to IDR 25 million. Online credit at AminTo can also be spent on several e-commerce sites, such as Lazada, Tokopedia, Bukalapak, Shopee, Blibli, and others. That way, the borrowers are expected to be spoiled with goods sold in e-commerce.
Regarding the number of cash loans at AminTo, you can get funds ranging from Rp. 500 thousand to Rp. 2 million with a tenor of 40 days. The borrowed money can be disbursed directly to your bank account in just five minutes.
The interest rate given by my account is 0.8% per day. If there is a delay, a penalty will be imposed in the form of charging an interest of 1% per day.
To get online credit access at AminTo, you must have:
- Prospective borrowers must have a minimum age of 23 years.
- Must have a payslip or employee status.
With this concise article, it is hoped that it can help the public in choosing reliable online credit applications and have competitive interest rates.