Ease of Applying for a KTA Loan through CekAja.com

KTA or KTA Loans (Credit Without Collateral) is a type of loan in the form of individual loans that do not require collateral from banks or financial institutions to prospective debtors who have met the requirements.

KTA loans really allow customers to get loan funds without having to include collateral or collateral such as house certificates and so on.

Then, what are the requirements needed to apply for an Online Unsecured Loan? The benefits and other things you need to know?

KTA Loan Application Requirements

For those of you who want to apply KTA loan are required to have proof of citizenship as an Indonesian citizen, be at least 21 years old and a maximum of 55 years old.

Then, you must already have a steady income for each month of at least IDR 2.5 million per month.

However, the minimum amount of income will usually vary, depending on where you live. Besides that, what else should be prepared?

  • Photocopy of ID card, family card and marriage certificate (for those who are already married)
  • Photocopy of personal NPWP (Taxpayer Identification Number)/SPT PPh 21
  • Printout of the last 3 months savings account
  • Work certificates and original salary slips specifically for employees and professionals
  • Shows the last credit card bill (for those who have)
  • Have a copy of the company’s SIUP, TDP, and NPWP (only for entrepreneurs or companies).
  • Have a copy of a professional practice license for doctors, lawyers or other professionals
  • Then a copy of the financial statements (specifically for companies or entrepreneurs)
  • Include stamp

Benefits of KTA Loans at CekAja.com

KTA Loans included in the category of consumer credit. Therefore, every debtor will get many benefits when applying for a KTA at CekAja.com, including:

  1. Can be used as a facility that suits your needs, ranging from medical expenses, home renovations, education, business capital to weddings.
  2. In addition, at CekAja.com, you can also apply for other credits such as KPR, KKB, Credit Cards and many more.

In addition to the many benefits that can be obtained when you apply KTA loan through CekAja.com, facilities KTA loan can also be done at any time and never depends on the operating hours of the branch office because it can be done online.

So, what are the other benefits that can be obtained when doing KTA online?

1. Save time

Why is it more time-saving? Simple because prospective customers do not need much time to make transactions. You only need a short time to open a financial product seller site without the need to go anywhere.

2. Can learn about other types of products

In a super short time, you can see various types of products from KTA loan offered by various banks. That way, prospective customers can freely study each KTA product from various banks, then compare and choose the product that suits their needs.

3. Comparing flowers

Do KTA loan online, you gain by comparing the interest rates of each bank. After knowing the amount of KTA interest from each type of bank, you can then consider properly and correctly which product is the most suitable.

The Length of the Verification Process for the KTA Application from the Bank

Generally, most banks will need time for the verification process to disbursement KTA loan the minimum required is around 3 -5 days for the minimum, while for the maximum it can be up to 14-21 days.

As for the period given for repayment or tenor, most banks do offer payment terms ranging from 3-5 years.

While interest rates KTA loan The amount that will generally be offered by banking institutions varies. But most are in the range of 10% to 23%.

In credit card loan, Interest rates are divided into two, namely fixed interest rates (fixed rate) and floating interest rates (floating rate).

How to Calculate KTA Interest Rate

As for how to calculate interest rates KTA loan is as follows:

1. Fixed interest rate

Whether it’s a fixed interest loan, the credit limit up to the amount will be calculated proportionally adjusted to the credit period.

The interest rate will remain the same for each month on KTA loanbecause the interest will be calculated based on the percentage multiplied by the original loan principal.

That way, the amount of principal + interest payments in each month must be the same amount.

2. Effective interest rate

Effective interest rate KTA loan will be calculated based on the balance at the end of each month.

Interest will be calculated from the principal value that has not been paid, so the interest every month will definitely change based on the principal value that is still owed.

The interest value paid by the debtor specifically for the effective interest rate will decrease every month.

Because the interest paid over time decreases, the amount of fees that must be paid each month will also continue to decrease from time to time.

The second installment will generally be much smaller than the second installment, and vice versa.

Amount of KTA Submission Funds

Because KTA loan is a credit facility provided by a bank without collateral, therefore there is a credit limit for bank products that use collateral.

Most banks will offer a ceiling amount KTA loan ranging from Rp. 5 million to Rp. 300 million.

List of Banks that Provide KTA

Generally, almost every bank has a product KTA loan. However, you must come to the relevant branch office to be able to access these facilities.

Meanwhile, at CekAja.com, you can access various information on all KTA offered by banks online.

The following is a list of banks that provide KTA products:

  • KTA Bank Permata
  • KTA Standard Chartered Bank
  • KTA CTBC Dana Cinta
  • KTA Bank Danamon
  • KTA Amar Bank
  • KTA Panin Bank
  • KTA Bank Mandiri
  • KTA BII Maybank
  • KTA Bank Bukopin
  • KTA Citibank
  • KTA Commonwealth Bank
  • KTA CIMB Niaga

That was a brief explanation about the KTA Loan product. If you don’t want the trouble and hassle of coming to a branch bank, please visit https://www.cekaja.com/credit-without-agran

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