Low interest loans are still a solution to the immediate or urgent need for funds that are currently being experienced.
However, of course, this online loan must have a permit from the Financial Services Authority (OJK). The goal, to ensure the security of the borrower.
To find out the list of recommendations, see the full review below.
What is a Low Interest Loan?
An online loan is basically a loan that can be submitted via an application and takes place online.
This application is a technological innovation in the financial sector—commonly known as financial technology (fintech).
The presence of fintech has greatly facilitated the process of borrowing and borrowing, which was previously known to be troublesome and required a long time.
Now, without the need for face-to-face meetings, anyone can easily apply for credit and of course it will be faster.
The reason is, you only need to download the online loan application via PlayStore then register and fill in the requirements requested.
Then, proceed to the process of applying for that low interest loan. pinjolbungarendahIn just a matter of minutes, later, the money will immediately flow into your account via bank transfer.
Low Interest Loan Recommendations Long Tenor Large Limits
1. Borrow Money
PinjamDuit (PT Stanford Technology Indonesia) is an online loan company that offers multipurpose loans, both without collateral and collateral.
The loan amount provided for collateral-free services starts from IDR 532 thousand to IDR 2,280,000 with an interest per day of 0.8%
The loan amount for collateralized loan services ranges from IDR 100 million to IDR 2 billion, with a tenor of up to 12 months.
The interest rate it offers ranges from 2.5% to 3% per month, with additional admin and provision fees ranging from 3%-3.5%.
2. Danafix — Low Interest Loans
PT Danafix Online Indonesia (Danafix) is an online loan company that offers simple procedures with loan tenors ranging from 120 to 210 days.
The amount of the loan it provides starts from Rp. 500 thousand to Rp. 10 million, with fees charged, namely:
● Platform fees: 6% per month (deducted as fees)
● Lender fees: 6% per month (deducted as fees)
● Loan late fee: IDR 100 thousand to be charged to the lender
● Total cost for consumers: 12% per month
3. Rupiah Funds
PT Sharing Financial Services (DanaRupiah) is known to be providing loans with a P2P Lending system.
DanaRupiah provides better and more efficient financial assistance to farmers by utilizing renewable technology features.
There are several types of loans provided, including personal, productive, and educational loans, with different interest rates, namely:
● Personal loan: 0.8% per day.
● Productive loans: 28% p.a. with an 8% platform fee.
● Education loan: 22% to 23% per annum with 3% platform fee.
4. Indodana — Low Interest Loans
PT Artha Dana Teknologi (Indodana) is an online loan that was established in November 2017 and has obtained OJK permits in May 2020.
Indodana provides installment loan services without a credit card, HP credit, and paylater services.
The loans it offers range from Rp. 1 to Rp. 8 million, while the available tenors range from 1 to 3 months.
The interest rates it offers range from 0.57% to 0.8% per day. For IndodanaPaylater services, no interest is charged for a 1-month tenor.
However, for a tenor of more than 1 month, an interest rate of 3% will be charged plus a 1% administration fee of a minimum of IDR 1,000.