Prevent Kian's Cretization ToHeak, Here Are 8 Tips For Online Loans With Lancar

Illustration. (Photo: Unsplash)

JAKARTA - Online loans or loans are widely known as financial products with light submission terms and processes and can be reached by almost all people. This is because the loan service can be submitted only with personal documents, such as, ID cards, families, NPWP, or internet banking accounts.

Even the time for disbursement of online loan funds is relatively flashy, it only takes a few hours or days. Therefore, not a few people are interested in taking advantage of online loans when they are hit by urgent financial problems and need funds quickly.

However, the decision to apply for online loans should not be taken carelessly. Because, with a relatively high interest rate, the risk of being overwhelmed by paying installments until debt is quite high. So, so that this does not happen, do a series of tips on paying off online loans more easily and quickly below.

1. Prioritize Short and large-interest tenor installments

If you have several installment dependents, financial management will certainly be much more difficult to pay them off at once. Therefore, it is better to prioritize the loan burden which has the largest interest rate and the lowest tenor first.

If the debt burden is not repaid, the burden that must be borne by the finances from the accumulation of interest can be much heavier, not to mention the threat of late fines. So, this trick can help you solve these financial problems more effectively and sequentially.

2. Share Loans with a Interest of 0 Percent

Another way to make it easier to pay off debt dependents is to apply for a 0 percent interest loan. Not at official financial institutions, this interest-free loan may only be obtained from the closest people, such as family members, relatives, friends, or workplaces. So, when online loans are successfully repaid, you just have to focus on paying off this interest-free loan with a much lighter installment burden.

3. Take Some Savings Funds

Savings funds or emergency savings from salaries can basically only be used to solve urgent financial problems. Even so, if necessary, there is nothing wrong with taking part of the funds to pay off online loan installments in order to avoid the risk of paying fines. That way, the bill will not swell and will become even greater a burden on finances.

4. For Family Responsibility with Couples

Online loans are generally proposed to address urgent problems that must be addressed immediately. Some examples are to pay for the medical expenses of parents or family members, renovate houses, and so on. Well, if these financial products are used to meet family needs, don't hesitate to share these dependents with other spouses or family members so they don't risk experiencing bad credit.

5. Sell Assets for Pinjol Angsuran Lunar

The next tip that can be done to pay the loan installments is to sell or pawn valuable assets. This method is fairly easy and safe to be able to get cash quickly. However, if you decide to pawn valuable assets, make sure to pay close attention to the maturity date of the redeem so as not to risk losing the asset.

6. Start Business or Sampingan Work

If the above method still doesn't come to fruition, another solution that you can choose is to start a business or side work to earn additional income. It doesn't have to be difficult and take a lot of time, there are many side-business or part-time work options that can be done anytime. Moreover, since the emergence of the internet, this method can always be an ideal alternative for getting additional income to pay off the growing installment burdens.

7. Pay in installments with a minimum bill

Not a few online loan service providers offer installment payment options with minimal bills. This payment option allows customers to pay credit installments in a smaller nominal than the mandatory installments.

For example, you can pay an installment of 500 thousand even though the installment obligation to be paid is 700 thousand. Even so, you still have to replace it in the next installment payment so that the financial burden can be paid quickly.

8. Putting off Relief

The last tip, you can apply for credit relief to online loans. Information on the current financial condition that makes online loan installments risky and cannot be repaid smoothly. This allows online loan providers to provide relief in the form of credit restructuring, lower interest rates, extension tenors, and so on.

9. Never Cancel Loans Outside Payables In fact, the risk of being overwhelmed by paying online credit installments can be avoided by applying for loans wisely and as needed. In addition, make sure not to apply for loans exceeds the payability, or above 30 percent of monthly income. That way, your finances will be better able to bear the credit installments while at the same time meeting all daily needs smoothly.