LOANS | Choose The Type Of Loans That Suit Your Needs - At this time, you probably are thinking to take credit from the bank, but are still undecided. The Bank which is preferred? Credit also the assortment of its kind, which one is right? What if later difficulty paying his mortgage interest? In this article, we will discuss some of the things you need to consider in choosing the appropriate credit to your needs.
How many of your regular income and expenses?
You might be thinking, "why, why all ask-ask? He said want to asking credit? ". Regular income and expenditure are two things that you should consider from the outset. Many banks require the prospective recipient of credit must have a certain minimum income. For the banks, this is one of the later does not guarantee that you will have difficulty to restore credit. For you alone, certainly not a good thing to borrow more than what you can restore.
Associated with expenditure, rarely (almost none) bank that asks how spending is your routine when you take the credit. But, actually it is one important factor that you should consider. We tried doing the simulation calculation of credit Without Collateral (KTA) in one of the national bank. With a net salary of Rp 2,000,000 per month, we are said to be borrowed with credit limit of Rp 8,206,212. His installment is $ 800,000 per month for 12 months. Meaning, if you have a salary of two million dollars, you have to set aside almost half of it for installment credit. Can you do it? Consider the magnitude of expenses-expenses such as the cost of your regular consumption, housing, transportation, etc.
Select The Credit Based On The Needs Of
In General, in terms of allocation, there are two types of credit in the bank, namely credit consumption and business credit. Credit consumption intended for needs of the consumerist nature, such as buying a home, motor vehicles, etc. While the business loan is intended to help those who are working on pioneering efforts and those who wish to develop a business which already owned.
Be careful not to abuse the funds obtained through credit. If you borrow money from banks to buy new machines, then do not use it for purposes other than that, especially for the needs of the consumer such as paying school children. Deviation of the use of such credit will be making you bother yourself.
What if your needs are spur of the moment? There are some alternatives that you can be reached. First of all, consider pawn valuables than borrowing money from the bank. This earlier, especially if you've borrowed money by way of credits. Borrowing too much money to banks would cause problems at a later date. However, if you're truly desperate, then you can access to credit Without Collateral (KTA) as an alternative.
Have warranty or not?
The second credit categorization is based on credit or no bail. Most banks offer credit is credit that requires certain warranties, either the goods or collateral liquid. Collateral in the form of goods can be goods not moving (land, buildings) and movable goods (cars, machines, etc.). Collateral in the form of goods must go through an assessment in advance (preselection).
In addition to collateral in the form of goods, you can also use liquid assets like gold or deposit as security for credit. During the asset be a guarantee, you can't touch anyway, but can still take advantage of him in the form of a flower or the like. However, not all banks receive collateral in this form, so you should confirm with the bankf irst became of your choice.
Some banks also provide a credit that does not require collateral, or commonly known as a credit Without Collateral (KTA). Some banks that provide the KTA, among others, Bank Mandiri, Bank Danamon, BII, BTN, CIMB Niaga, Bank Permata, HSBC Indonesia, etc. KTA can be used for a variety of needs, whether business or related to consumption, including when you need bailouts cost hospitals. However, mortgage interest KTA quite high, so you need to take into account very carefully.
A Variety Of Mortgage Interest
In General, mortgage interest is twofold, namely floating (floating) interest rate and fixed rate (fixed). Floating interest rate means that interest rates are charged on your loan will vary in accordance with the movement of interest rates in the market. The fixed interest rate, by contrast, are fixed even if the interest rates on the market will go up or down. Which is more profitable? Yes, it depends how many percent offer.The fixed interest rate could be higher than the floating interest rate offered during the same time, but there is always the possibility of some months later, flowers floating ride height up to above the flower fixed.
Based on the method of payment, mortgage interest, there are three types. The third type is more commonly known in subprime mortgages, but also applies in other types of credit. The third method is a method of flat, effective methods, and methods of annuities. Before you apply for credit, ask first to the bank regarding the payment methods they offer. Different payment methods will impact the number of installments and interest you have to pay to the Bank.
Note the four factors above as you will be applying for loans to banks. Borrow money in the bank is indeed risky, but in times like now, credit can be a strategic solution that is right for a variety of needs. As long as you are careful in organizing your finances and choose the appropriate credit, mortgage interest paid would not noticeably heavy.
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