When things are urgent and where we need funds, looking for loans in money is perhaps the only way we can cover our needs. Many needs that encourage us to make loans in this form of money, such as sudden needs when one of the family members is sick, need capital to advance the business, education costs, and many other factors that make us apply for a loan.
There are many options that you can take to find this money loan , from close relatives to an independent financial institution that gives you loan options that offer convenience, from interest rates to easy terms and a quick disbursement process. Where should you borrow money? Following the review.
Brothers or Colleagues
Relatives or coworkers are still a popular choice for you to get money loans the easy way. Before you commit yourself to financial institutions lending money, then you can try this option first. Usually, relatives or coworkers understand more about your needs and your circumstances, so it is usually easy to borrow money from relatives or coworkers, without conditions and interest.
Surely your family or coworkers will be able to better understand your condition when you cannot pay off the loan in accordance with the promised time, because of business failure or other obstacles. Your family or coworkers will not force you as roughly as a loan shark. But this does not mean you can use and use it to relax in paying off the loan. You must find other ways and other ways to still be able to pay off the loan and better return it on time. Show your sincerity to repay the loan as soon as possible.
In order to avoid any misunderstanding in the future, treat these lending as objectively as possible. Discuss the terms and conditions of the loan given to you, then make a written agreement. This written agreement must contain information that has been agreed by both the lender and the recipient of the loan, the due date, method of payment and also if necessary, impose sanctions if late in repaying the loan. Although in practice the application of sanctions is not as strict as debt collectors or moneylenders. A written agreement like this can save you, your family and coworkers in the future. Keep in mind, debt that is not successfully paid can damage the family relationship and also the friendship.
Other places that you can make referrals for looking for loans are financial institutions such as cooperatives, pawn shops and banks. These three institutions are still the choice of most people throughout Indonesia, because institutions such as banks and cooperatives provide more convenience for their customers to get loans in the form of money. Before determining the choice of financial institutions such as banks and cooperatives, you should seek as much information as possible and also the details of the banks and cooperatives. Starting from the amount of interest, tenor loan, the amount of the penalty if you want to pay off your loan quickly.
Looking for loans at institutions such as banks and cooperatives is not as heavy as when we return it, plus when we have to return the amount of interest that must be paid every month. Loans at banks and cooperatives can be disbursed at any time, provided you comply with all the procedures and conditions. Before applying for a loan, you should pay attention to the following:
- Don’t overdo it, meaning that you are never reckless about applying for a loan that exceeds your needs. Do not be tempted by a large loan offer, keep in mind, all the money is not yours and you have obligations in it along with interest.
- Plan for Payment, this means before you apply for a loan from a bank or cooperative, then plan in advance how you pay it, from which sources to pay the debt and also how the payment system in the future. Of course this can prevent you from financial problems in the future