Money Becomes a Life-Supporting Thing : Website3

Borrowing Money The Right Solution Online VS Conventional

The changes in the  current  era  have made many emerging  money lending  solutions right in various regions.   In fact, it is not uncommon for loan offers to  appear via text message sent to your phone number.   The offer also offers a variety of interest rates at least to the highest.

When in difficult times you often find a way to borrow money, whether through close friends to a  loan service company. This method you think can help in the hope of returning it as soon as you get  a replacement.   Although it does not flourish, it is possible that your  good  relationship  will be  damaged.

It’s not just when you need money for your personality, when you want to open a new business or business, you obviously need funds and capital in the beginning.  When this happens, you are unlikely to  borrow from a friend because of the large enough amount.   Then you look for a large amount of loans.

Money Becomes a Life-Supporting Thing

Money is still often a problem for the community because of the many needs that need to be completed.   Then people make great efforts to earn income to support their lives. Therefore,  there is  often  the saying that money is the solution to many things.



But actually having money by borrowing can be detrimental if you can’t return it immediately.   So now there are several loans that can be disbursed quickly.   Lending  the right solution money is also protected by  large  companies  .   At least there are currently two ways of lending that can be used, namely online and conventional.

Pros and Cons of Any Loan Method

Conventional loans  are still  in use  today despite  many  online  loans  exploding. In the age of sophisticated technology, knowledge is needed in development.  The differences of each of  these loan modes will be explained on the basis of their advantages and disadvantages.


To make a money loan , the right solution  , of course, there are advantages and disadvantages of both that you need to know before borrowing.    A conventional or manual loan means it comes to the place directly to make a loan.

You meet  customer service  or people who serve on the premises.   You will then be asked about the amount of loans required and fill in the data according to the needs of the company.   Later  your  data  will be paired with an  ID card to state whether you can get a  loan  or not.

Usually companies that provide  conventional money lending services are BANKS.   The advantage of borrowing conventional money is the clear inauguration of the company and the lack of need  for the use of tools to make  loans.   But what is missing is that many will eventually go for online loans.

The disadvantage of these conventional loans is the advantage of online  lending  . One of them is  a quick process  so you don’t have to spend  time waiting in line on the spot. The time you use is not wasted .   This advantage is especially felt when  needed  at once.

Therefore, online lending is often referred to as borrowing  money  the right solution  compared to conventional methods.   In addition to being a fast process  and can be done  anywhere, online lending also has  advantages in terms of very easy requirements  .   You need to prepare some photos of  your ID.

How to Make Money Loans Online and Conventional

Even though both methods have their own disadvantages and advantages,  but you still have to  adjust the needs you can.   However, considering that you can currently borrow more easily from online, it never hurts to try some steps to  borrow money online as in the  below.

  1. Select a Trusted Application

The first important  step for you to do is to choose a reliable online loan  application.  Not all applications already have an official permit and are under the OJK .   Therefore, make sure that the application or company where you borrow already has an  official OJK logo.

  1. Download on Smartphone

In addition, when you have selected, then you are required to download the application on your smartphone.  As a cash loan, the right solution   is to ensure that the interest   from the loan   in that  place is also low so that you have no trouble paying it.

  1. Imla l-Identity tiegħek

The third step  if the application is already installed, then open the application and fill in your data or identity.   Make sure everything is filled correctly and completely.   This aims  to  avoid possible errors that could occur and which would instead be rejected by the company.

  1. Self

If you have completed completing the identity and  been confirmed by the application developer , then make the loan with the amount you specified and the time for a full refund . In this step, it  is very important to  pay attention and  should not be underestimated.

  1. Confirmation from the Company That Made the Application

If you are sure of the amount and time of the loan, then you will be asked to complete the steps and await confirmation from the company.   Some companies take a little longer to confirm due to the large number of requests.

However, some companies in just a few hours and even minutes can send a response to the request for the loan of the funds you send.

Considering Using Money Loans as the Right Solution

Before making the  above steps to borrow money, there are several considerations you need to look out for  when making a  money loan, the right solution using the application on your smartphone  or conventionally.   The considerations are as follows.

  1. Payment Plans

First of all, in addition  to the purpose for the loan, you need to  consider the payment  plan  you want to make.   Try to compare the income  you get with the loan payment time  .   Both online  and conventional means should take this into account  in the same way.

Usually at the start of loan money the right solution  that you are required to report profit and loss,  a  cash flow statement, to be able to analyze the work and business situation you  are currently  living  as a form of guarantee for the company.

  1. Loan Amount

Secondly, there is the amount of the loan.  Not because of the ease of borrowing you end up with and not carefully considering the nominal of  your loan.   You can borrow the right amount and you don’t have to exaggerate because it will be even more of a burden for you when you return it.

  1. Collateral or Guarantee

The last of the money loans the right solution  that  is no less important is to consider collateral or collateral.   Either a conventional BANK or an online loan requires collateral or collateral as evidence.   You cannot underestimate this because  there are often refusals because it does not comply with the guarantees it provides.

However, not few can also provide unsecured loans due to the small amount of loans.   Normally the required loan guarantee  should be in accordance with the nominal loan to avoid the possibility of being late or not paid at all by the borrower of the funds.

When lending  both  conventionally  and  online, you need to make sure everything is safe and make no mistakes. Therefore , it is a  good idea to  find the best information about the right money  loan solution to choose.

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