Digitalization in Indonesia is getting bigger, especially in the midst of the Covid-19 pandemic. Financial technology or often called fintech was also growing, not least services companies, online lenders or pinjol .
Nowadays, loan service providers are increasingly mushrooming because of the easier access to loans from the service provider to prospective borrowers.
However, you must still be careful if you want to make loans online because currently many loan service providers are still illegal and have not been registered with the Financial Services Authority (OJK).
The increasing public interest in making loans through applications makes many illegal lending sites offer borrowing funds which will actually worsen your financial condition
For those of you who want to make an online loan, it would be nice for you to listen to the following tips to avoid illegal loans:
Use Applications Registered with OJK
You can use a loan application that is registered with the Financial Services Authority (OJK) to avoid illegal loans that can harm you. If the loan application you are looking for is not registered with the OJK, it would be nice for you to undo the intention to make a loan in the application to avoid unwanted things.
You also don't immediately trust loan service providers with just a logo. Illegal lenders do not follow the procedures established by OJK and do not have a clear legal entity. Therefore, for those of you who want to make an online loan, be more careful before making a loan.
Check Legality and Digital Track Record
To avoid unwanted events, you can first check the legality and digital track record of the loan company to ensure a clear office address or management. You can also do a loan company comparison to find out whether your loan company is clear or not.
Before you make an online loan , you must first check the digital track record by looking for information about the service provider application loan that you will use. You can also see reviews of your loan service provider application and read forums on the internet to find out whether your loan application can be trusted or not.
Avoid Loans with Large Amounts
Loan service providers like to provide attractive offers for those of you who want to borrow funds with a large nominal. Many people are tempted by this attractive offer, moreover, the process of disbursing loan funds is quite easy and fairly fast.
For those of you who want to make loans online, it would be nice for you to avoid loans with large nominals. You also have to be careful and avoid loans with large interest that will burden you in the future.
Beware of Personal Data Theft
To make an online loan, you will be asked to fill in your personal data related to the loan. For those of you who want to make a loan, you should avoid online loan requirements that ask for permission to access your device, ask for an atm card photo, to take selfies holding an identity card.
In fact, online loans offer convenience in making loans. However, you must remain alert to the easy trap of making a loan.
Check the Terms and Conditions and Policies
Illegal lending service providers usually do extortion indirectly. Before you make a loan, you must first check and read the terms, conditions and policies of the loan service provider first
Carefully check the terms, conditions and policies of the loan service provider.
If the loan service provider asks for personal data that is not related to the loan, you must cancel your intention and avoid the loan service provider.
You must always be vigilant and careful when making online loans . You have to be wise in choosing service provider loan which is better for you.
To avoid illegal lending, you can check more than twice so that you get clarity from the loan service provider that you will use.
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