People’s demand for cash is at this time, unavoidable the higher the rise. One solution to this situation is to apply for an online loan for bad credit. As time went on, lending services became available online, making the online lending process easier and more accessible to the public.
Online loans for bad credit: easy online application
One way to receive funds online safely is through the online loan application for an online loan for bad credit by configuring www.onepayday.com… They are a financial technology company that provides an online loan application that allows you to borrow funds without the need for a credit card as a condition of your loan.
Not only that, you do not need to prepare your assets for collateral as the loan system in Good Credit is similar to Credit Lending. Then is this Good Credit loan application secure? How does it work? Check out the following reviews.
Anti-Fraud Online Loan Technology
Good Credit’s application is now using a technology called anti-fraud. According to Bank Indonesia circular dated December 09, 2011 No. 13 / 28DPNP, fraud is fraudulent or fraudulent act committed to defraud, defraud or manipulate banks, customers, or others occurring in the Bank’s environment and/or using the Bank’s means resulting in bank, customer, or other loss and/or fraudulent gainers either directly or indirectly.
Thus, it is clear that Good Credit already has a good and secure online loan application indicator. Because all data and info related to customer identity and transactions are securely stored. This is also supported by the availability of OTP code technology to maintain customer privacy and account verification.
Good Credit’s application is also running and registered under the Financial Services Authority, so it can be verified and has the legal permission to operate in Indonesia.
Easy Application Requirements
To apply for a loan through the Good Credit fund lending application, the terms are also simple. All you need is a photo of your ID, your Tax ID, and your social media account.
The technology used by the Good Credit system enables the system to perform data verification and analysis of your social media to determine your financial profile and determine the level of risk involved in lending funds.
To apply for a loan, creditors wait for 2 x 24 hours for the data verification process, before Good Credit finally lends it or not. If the personal data you provide is complete and correct (not a manipulation of the data), then the data verification process will end quickly.
Through the Good Credit app, you can freely choose your loan tenor according to your needs and repayments. Enjoy installments ranging from 1 to 6 months with competitive rates!
Fixed Loan Installment and Transparency Fee
Good Credit’s installment system seems to be advantageous, given the flat rate of interest. So the amount of the installment you pay from the beginning of the loan to the end of the loan period remains constant.
So the interest rate is unlike other fluctuating loan lending which, if interest rates go up, can be detrimental to borrowers.
In addition, the cost of service to the borrower is the cost of the risks and the operating costs. The fees or service charges imposed by Good Credit can be reduced if the debtor pays/repays the loan on time or before the due date. These costs are also presented in a transparent manner without any other hidden costs.