Have you ever had a refusal to apply for an unsecured online loan? Relax, you do not own a buddy. There are many people who experience similar things because they are not always guaranteed unsecured online lending. Online lending offers a great deal of convenience to its users, such as can be applied anytime and anywhere without having to come to an official office or bank. That way, when you need an emergency fund, you can apply for it right away. Plus the requirements provided are also not exhaustive. This is the reason why unsecured online loans are so popular.
Unfortunately, the facilities offered are not accessible to everyone as there is rarely a guarantee of an unsecured online loan that is immediately declined. There are actually many reasons why your submission may be rejected, but sometimes we just don’t pay attention and understand. Therefore, before you apply for an unsecured online loan again. There are a few tricks you can use to make sure that your unsecured loan online is safe and the funds can flow to your account immediately. Just check out the tricks below!
Fill the Data Properly and Carefully
The first thing to do is to properly fill in your personal data. When applying for an unsecured online loan of a sudden nature, we may be in a hurry that may result in personal data being filled in error. Either that is a single letter or a number, but the data provided is incorrect.
Let’s say you have less than one letter when you fill out a full name, and when matched to a National ID (ID), the data will be declared invalid due to differences, even if only one letter. Therefore to avoid it, you need to check it twice. Then there will be no personal data error.
Complete the Required Document
In addition to your personal data, when applying for an unsecured online loan, you will definitely be asked for the document requirements, be it a national ID, a NPWP, payslip, newspaper account, and more. In connection with the submission system is done online. Usually, you have to prepare the documents in the form of a scan or they can be photographed. This is where errors often occur because of scans or photos that are not sharp enough to make the document unreadable, whether it is blurry or scratched. So make sure that the documents you provide are well-read and clear.
Provide complete documentation and do not forget to check it, again and again, to ensure that the document you provide is correct and meets the requirements. In addition to preparing a document in the form of a scan or photo, you should also prepare a photocopy in case the provider also requests a photocopy of the document to be submitted.
Please provide a Contact Number
There are many unsecured online loan refusal cases where prospective borrowers cannot be reached. The reason is simple, but because you cannot be contacted repeatedly by the lender, your unsecured online loan submission will be rejected.
The purpose of the lender’s contact is to confirm your personal data and to request the completion of the necessary documents. If you can’t be reached, how can they confirm? Therefore, provide an always-on phone number that you can call at any time. And always check your phone so you don’t miss a call from your provider.
Read and Understand the Conditions
When applying for an unsecured online loan, you should be aware of any conditions that your provider may apply. Don’t forget to read it clearly until you understand it. We sometimes miss important information on the terms of an unsecured online loan, ranging from the payment system, late fees, penalty fees if installments are paid in advance, and so on.
By reading the applicable terms and understanding them, you can absorb all the information provided by the lender. If you have any misunderstandings, you can ask the lending staff directly. It is not until after the liquid loan, that you just ask and feel sorry for taking the loan.
Take a look at your Credit History
In order for an unsecured online loan to work, you need to make sure that your credit history is clean. So if you have bad credit or unpaid debt, then you need to pay it off immediately so that your credit history is clean. These loans are all types of credit, which can be credit card installments, unsecured credit, multipurpose credit, homeownership credit, motor vehicle credit, and more. Credit lapses can make the lender distrust you because you still have a lot of debt to pay off. How will they lend you money while you enjoy paying off debt?
Take a Trusted Online Loan Without a Trust
As the name implies, these unsecured online loans are actually applied online for easy application. But remember, online lending is extremely vulnerable to crime from unscrupulous people like online scams. Therefore, you should be extra careful when choosing a trusted online lender without a guaranteed guarantee. The first thing to keep in mind when choosing a lender is whether they are registered with OJK. Why register with OJK?
OJK is a Financial Services Authority responsible for overseeing banking and financial activities in Indonesia. So if the unsecured online lender of your choice is already registered with the OJK, then you can breathe a sigh of relief that it means they are being monitored by the OJK so that they cannot do things that go wrong. One of the online unsecured lenders listed in OJK is E-Money. E-Money is an online loan application that can give you loans ranging from $ 1 million to $ 20 million over a 10-day period of up to 180 days.
Remember to always be logical when applying for an unsecured online loan. You should never apply for a loan beyond your financial ability. Make a careful calculation before taking a loan online without a loan to see how much money you can set aside per month to pay for installments.