Advantages of Online Loans

Author : Jerry Philip | Published On : 29 Mar 2021

You may be familiar with online loan applications. If you need money for various urgent needs, you can get it quickly with just a smartphone application.

This application is starting to bloom because it offers various advantages to those in need. For example, money goes directly to the account and there are several monthly installment options available.

Berikut ini beberapa keunggulan yang perlu kamu ketahui tentang pinjaman online: 

1. Available 24 hours

Unlike bank loans, online loans offer flexibility in terms of borrowing time. They are willing to issue borrowed money within 24 hours. So, for example, if you need an urgent fund at midnight, you can apply for it quickly.

2. Easy requirements

Usually the requirements requested by online loan providers are easier. In fact, you can make a loan just by submitting your identity card.

3. Low interest.

The interest on online loans is very low. In Indonesia, usually the interest rate ranges from 1-2.5%, depending on each borrowing institution.

4. The process is very fast.

Apart from low interest, the loan disbursement process is also fast. On average you only need 24 hours to wait for the loan go into your personal account.

This advantage makes online loans worthy of being your first choice when you are in need of funds in an emergency.

5. Flexible amount and duration

You can take out a loan with a flexible amount of money, depending on the loan provider. In addition, the installment ceiling is also flexible, it can be 2 months, 3 months, 6 months, even up to 2 years.

Those are some of the advantages offered by online loans. If you want to make a loan, you can borrow from Kredit Cepat Tunaiku