Day by day, the need is increasing. In fact, there are some needs that require no small amount of funds. Until now, applying for a loan with a home certificate guarantee is still an alternative if someone is in need of large amounts of funds. Such as developing a business, education costs, health costs, and much more.
Applying for a loan is now a hassle-free process and the disbursement process is quite fast. Today, there are many non-bank finance companies that can help you apply for a home certificate guarantee loan. In fact, not a few can help you apply for a loan online. So you don't have to come to the finance company's office to get the funds you need.
Unfortunately, not everyone is able to take advantage of the ease of applying for a loan correctly. There are still many mistakes made by borrowers. Thus, the loan application was rejected by the financing company.
Before you apply for a loan with a home certificate guarantee, it's a good idea to learn the following things to avoid these mistakes. What are the mistakes in applying for a loan with a home certificate guarantee?
1. Documents Do Not Meet Requirements
The first mistake often made by borrowers is submitting documents that do not meet the requirements. For example, a house certificate that has not been renamed, or the data on the ID card is different from the KK. In fact, ensuring that the documents meet the requirements is the key so that your loan application can be approved quickly.
We recommend that you make sure that the documents you submit are in accordance with the requirements. So, you don't need to waste time and can get a loan quickly to meet your needs.
2. Inappropriate Loan Amount
The second mistake that is also often made in applying for a loan with a home certificate guarantee is applying for an inappropriate loan nominal. For example, the price of a house is estimated at IDR 500 million, but the loan submitted is actually over IDR 500 million. Or, applying for a loan is more than the minimum income value set by the finance company.
Try not to apply for a loan that is too large beyond your abilities and needs. So, loan applications can be easier to get approved.
3. The purpose of the loan is not as needed
The last common mistake is not using loan funds carefully. Even though the funds received are large, don't be tempted to spend these funds without thinking. Remember that the money is not personal money, but a debt that you must pay off.
Remember to use the loan funds according to your budget and financial plan. Because you are also at risk of experiencing bad credit and the risk of assets being confiscated. Of course, you don't want that to happen, do you?
Those are the common mistakes made in applying for a home certificate guarantee loan. Avoid this and use your loan carefully, yes!