Online loans – Informare Wissen Und Koennen Thu, 04 Nov 2021 02:24:28 +0000 en-US hourly 1 Online loans – Informare Wissen Und Koennen 32 32 West Jakarta Police Investigate Two Reports of Illegal Online Loans Tue, 19 Oct 2021 14:36:26 +0000

Jakarta (ANTARA) – Police in West Jakarta received two reports of illegal online lending over the past month that had become a source of public concern.

“We have now received two reports. Now we will prioritize dealing with these reports,” West Jakarta Police Criminal Investigation Unit chief Joko Dwi Harsono said on Tuesday.

According to Harsono, the two current reports handled by the police focus only on criminal acts committed by debt collectors and do not address the legality aspects of the business.

“Is there a threat or spread of personal data belonging to the customer? Then, if there are vulgar photos that are released, we can also charge for them,” Harsono noted.

For now, both reports are still under investigation. His administration will interview several witnesses and search for evidence relating to the alleged crime.

Harsono also informed that his administration has received several complaints from the public regarding the disturbing practice of illegal online lending services.

“There are several complaints. Some are complaints, while others are reports. If it is a report, it means that after the results of the verification, the evidence has been submitted and completed. “, he explained.

Related news: How illegal online businesses trap young people looking for jobs

On October 14, 2021, Greater Jakarta Police raided the office of an illegal loan company at a store in Cipondoh District, Tangerang City.

“Today we raided PT ITN in a four-story store. Based on the raids, it was discovered that PT ITN had used 13 apps. About ten of them are illegal apps,” Jakarta Metro Police Public Relations Officer Chief Commissioner Yusri Yunus said last Thursday in Jakarta.

Police arrested 32 people, including company management and employees, during the raid, he noted.

They were taken to the Greater Jakarta Police Department for questioning as part of the investigation, he noted.

Yunus warned the public not to be easily tempted by illegal online loan offers.

“It is an example for the public who do not let themselves be tempted by this fintech offer, because at the beginning, they offered a good offer, but then they trap their customers”, he underlined.

Police also raided a store in Cengkareng, west Jakarta, on October 13, 2021, which is believed to have served as an office for a loan union.

Some 56 employees of the credit and collection service were apprehended and questioned.

Police confiscated several pieces of evidence, such as 52 computers and 56 cell phones, during the raid.

Financial services authorities have confirmed that the online loan service is illegal as a result of which the police decided to search their base of operations.

Related News: Beware of Illegal Online Lending Services, Warn the Officials

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Points To Watch Out For While Availing Instant Online Loans Sun, 19 Sep 2021 07:00:00 +0000

Points To Watch Out For While Availing Instant Online Loans

In today’s digital age, instant loan disbursements have become the new normal. Fintech brands have experienced significant growth in recent years, especially during the pandemic, when people have adapted faster than ever to digital money transactions. In addition, more and more people have trained and taken out loans from banks and NBFCs for one reason or another. The best part about online loans is that there is a vast plethora of options available and the borrower can easily assess the interest rates offered by different fintech companies.

Another major advantage of obtaining loans online is that the process is better streamlined with limited paperwork and offers the benefit of in-home service. Moreover, you can choose from a wide category of loans such as personal loans, medical loans, travel loans, home loans, car loans and more.

Although the process of obtaining a loan has been digitized and simplified, it is also important to know some important guidelines so that you can get the most out of your loan provider.

Make sure the Fintech platform is genuine
A digital lending platform can take many forms. For example, it could be an independent lending platform registered as an NBFC, bank, or organization in partnership with a bank or NBFC. The key here is to verify and verify that the lending entity is registered as an NBFC. You can choose to get a loan from a bank, the NBFC, or an entity in partnership with one of the two. These are safe and secure options for a borrower.

If you come across a lending platform that does not display their NBFC license number on their website, it is best to stay away from such sites. No matter how attractive the loan offers or the interest rate, these are not safe options for you. Also make sure that your bank / NBFC is registered with the central bank or state level authorities as they are the ones who provide the license to offer digital loans to these entities. If you can’t find a genuine platform based on these two very crucial criteria, your best bet is to avoid sharing your personal information and bank details with them online.

Loan approval without KYC
With the Aadhaar introduced into the country, we have all been tied to an identity card that functions as an authentic document of our identity. Therefore, all credible lending platforms verify your Aadhaar information and perform KYC online to ensure transparency is maintained on both ends. Therefore, if a digital platform offers to give you a loan without KYC, it is inappropriate and there is a chance that it is a scam that can lead to identity theft or financial fraud. resulting in huge losses. It is better to strictly avoid such platforms which do not perform KYC before disbursing the loan.

Avoid hidden fees
Some digital lending platforms charge unnecessary hidden charges on your loan, such as late submission fees for late payment of installments. Some use a manipulative methodology with fluctuations in interest which are totally unethical and create unnecessary burden for the borrower. Late submission fees are a popular scam, where people end up paying 2-3% more for no reason. Therefore, be careful when taking out loans and read the documents carefully.

Read the documents carefully
As already suggested, it is very important to read the offer documents which include the duration of the plan, the interest rates and the terms and conditions of your loan policy. It’s the best way to stay safe from fraud, unnecessary hassle and fees

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Are Online Loans Safe? Wed, 28 Jul 2021 07:00:00 +0000

The first bank in the United States opened in Philadelphia in 1791. Until recently, getting a loan worked only one way: Answer.

Today, you have other options, including online lenders with less overhead and potentially lower interest rates. But are online lenders safe? Here, we’ll take a look at how you can tell if you’re dealing with a reputable lender and how to spot a bad player a mile away.

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Why Consider an Online Lender?

Most online lenders focus on a particular type of loan, such as personal loans. They are also more likely to consider a candidate than a traditional lender might reject. Since online lenders have lower overheads, highly qualified borrowers have access to perks like low interest rates and quick, easy response times.

Not all online lenders fund their own loans. Some have partnered with traditional banks, while others use peer-to-peer lending, which involves investors funding loans based on the risk they are willing to accept.

Because so much of the online loan process is automated, it’s a great way to complete the underwriting process and receive funds quickly.

Finally, while traditional financial institutions may take a narrow view of the clients they wish to work with, there is online loan available for borrowers of all kinds, including those looking for a personal loan for borrowers with bad credit. .

But is it sure?

The short answer is yes, online loans are safe. This is because legitimate lenders must abide by the same strict lending rules as traditional banks. There are big names like Discover and Marcus from Goldman Sachs and recognized industry leaders like SoFi, Avant, Upstart and Payoff. That’s not to say there aren’t bad players, but bad guys are pretty easy to spot.

How to control a lender

If you come across an online lender you’ve never heard of (or want to dig deeper into a name you recognize), these five steps can help you get a feel for how reliable a lender is:

1. Check the federal registration

Legitimate lenders are required by the Federal Trade Commission (FTC) to register in the states where they do business. The easiest way to make sure a lender is registered is to type the lender’s name into a search engine, followed by the words “state license”.

For example: “State licenses obtained”. You may need to scroll down the page, but you can usually find a page that lists the business registration numbers. Otherwise, ask the lender in which states they are registered to operate and ask for their registration number.

2. Call your state attorney general’s office

The job of a state attorney general is to protect your interests. Call them to make sure the lender you are considering is registered with the correct agencies. All you need is the name of the lender.

3. Find their rating from the Better Business Bureau (BBB)

Granted, most of what you read about a business on the BBB website is written by disgruntled customers. Still, reviews (and ratings) can give you an idea of ​​what to look for. Other sites like Yelp, TrustPilot, and Google Reviews may also offer an overview.

4. Ask your friends and family

Your friends and family are unlikely to cheat on you. If you are close to someone who has taken out a personal loan, find out about their experience, including who they have worked with and if they would borrow from them again.

It’s hard for a bad player to keep personal loan scams out of the news. A simple Google News search should reveal any issues with the business in question.

How to spot a skunk

Certain behaviors should automatically trigger red flags. For example:

  • A lender puts pressure on you to accept a loan.
  • You cannot find information about them online.
  • They guarantee that you will be approved regardless of your credit history.
  • They ask for an upfront payment.
  • They contact you (by email, text or phone) to ask if you want to borrow money.
  • They keep contacting you, even after you tell them no.
  • The attorney general’s office in your state shows no evidence of them.

The bottom line

Although there are bad apples, the majority of online personal loans are safe and reliable. As long as you focus on identifying red flags and doing your homework to verify a lender, you’re as safe as with any bank or credit union. Because online lenders have more flexible lending standards and can often beat the interest rates and terms offered by traditional lenders, you may even end up making money.

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The 5 main advantages of applying for a loan online Tue, 11 May 2021 07:00:00 +0000

In this technologically advanced age, applying for loans online has become a common practice among people of all walks of life. The concomitant advantages of online loans make it an advantageous option over bank loans by far. The practice has become more prevalent recently as people have now increased their expenses and less savings for painful emergencies. Thanks to the automated system, online loans get quick approval and thus avoid getting stuck in a financial crisis. Let us see in detail the advantages of online loans.

  • The application process is fast and efficient

Physical loans involve a lousy system that takes patience and a lot of time. Applicants must complete a long form, enter detailed details, and wait weeks for their application to be processed. But in an emergency, time is of the essence. You can’t afford to stand in line for hours and hours at the bank for your turn to come. Also, why waste crucial time dragging yourself to the bank when you can fix the problem quickly from the comfort of your home? Online loans are undoubtedly the most convenient solution.

Unlike physical loans, the eligibility criteria are also lax and usually only require your bank details. There is no additional hassle of paperwork, and all you need to do is visit the website, create an account, enter some personal information and you’re good to go! You have finished.

  • Your loans are processed quickly

On average, banks take at least a week to process physical loans. Now that won’t be a problem for people who are not pressed for time. However, people generally opt for loans when the transactions are meant to be done on a short term basis. Hence, online loans are your best possible option. In just fifteen minutes, your loans are processed and transferred directly to your bank account.

  • You can solve all passenger financial problems

In this competitive world, with rising unemployment frequencies and rising inflation rates, people frequently find themselves in a difficult situation where they do not have enough cash to solve a financial crisis. This includes any medical emergency, mortgage, college application fees, etc. It can be a trying time for anyone, running out of money and an urgent problem to solve. Well, worry no more. Online loans can save you from this agony. You can apply for a loan online, sort out the financial problem, and in the meantime work overtime so you can pay off the debt on time.

Plus, unlike physical loans, you don’t have to state the reason for the loan. So you can use it for any special purpose.

  • Online loans have low interest rates

Compared to bank loans, online loans are generally low charged interest rate as they are mostly short term and unsecured. Hence, you save time and money by opting for the online system.

When it comes to online loans, you have great flexibility in setting the loan amount you want. It can be minimal and also a significant sum. There is no fixed limit that limits you to a certain amount.

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Quick and easy online loans Wed, 03 Mar 2021 08:00:00 +0000

What are online loans?

Online loans are simply personal loans that you can get without going to a bank or credit union. Easy online loans usually don’t even require you to speak to a loan officer.

You can do all of the following online:

  • Compare rates, loan amounts and terms
  • Submit an application
  • Get pre-approved for a loan
  • Have the money deposited directly into your bank account

Loans with a fully digital application process are regularly offered by online-only lenders who do not have physical bank branches. But a growing number of traditional banks and credit unions are also offering quick loan options that don’t require in-person or phone contact. These lenders want to compete for your business and they know that many people prefer to perform financial tasks on the Internet.

What can online loans be used for?

Online loans are no different from other personal loans in terms of the use of money. You can usually use the funds for anything you want. This can include paying for home repairs, financing large purchases, or consolidating your debt.

What are the easiest online loans to get?

If you are looking for easy loans online, you will want to research the best personal loans with a fully digital application process. Here are some of our top lenders who offer the easiest online application processes:

Some of these loans, like those issued by LightStream or SoFi, require good credit. They are easy to apply because they streamline the process. They allow you to complete all the steps to get a loan without going to a bank branch or speaking with a customer service representative. But they are not necessarily easy to to qualify for.

Others, like Avant, charge a higher interest rate but grant loans even to borrowers with poor credit scores. You can easily apply and eligible even if you do not have a perfect financial history.

Can I Get a Loan Online With Bad Credit?

Yes, there are a number of online lenders that cater specifically to borrowers with bad credit. They allow you to get a personal loan with bad credit.

You will usually need at least a fair to good credit score for a personal loan, even from an online lender. If your credit score isn’t perfect, be sure to research multiple loans for fair credit (rather than just applying to the first loan you find) to increase your chances of getting approved.

Here are three steps to finding a loan, regardless of your credit score:

  • Shop around with multiple lenders. There is a lot of variation in interest rates from one to another. The more quotes you get, the better your chances of finding a competitive loan deal.
  • Apply with a co-signer. Lenders will take into account the credentials of your co-signer as well as your own. As such, you could be approved with a better interest rate.
  • Examine get a secured loan. You will need to offer something you own as collateral – a guarantee that you will repay your loan, which could be risky. However, secured loans can also help you develop your credit.

Just be sure to read the fine print carefully when shopping for a bad credit loan. Some personal loans for bad credit have bad terms, such as high fees. Be sure to compare interest rates and check the lender’s Better Business Bureau rating or other client reviews to make sure you are dealing with a reputable lender.

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Online loans – Sat, 13 Feb 2021 08:00:00 +0000

A loan involves collecting money from a friend, bank, or financial institution in exchange for eventual repayment of the balance, plus interest. The principal is the money loaned to you, and the amount paid to get the loan is interest. Since lenders risk the loan not being repaid, they must compensate for this risk by charging a premium called interest. Usually the loans are secured or unsecured depending on the risk.

Placed, the money loaned by an investor who works electronically is an online loan. Although the exact procedure may differ from lender to lender for an online loan, several aspects are the same across the board. If you want an emergency loan, you should check out the website of online credit.

Since they do not have the same operating costs as banks and credit unions with physical branches, online loans often seem to offer higher interest rates and lower transaction fees (if any). to those of conventional banks. Many online loans are unsecured, which ensures that you cannot commit any equity to help get accepted.

Types of online loans

Loans have always proven to be useful in times of emergency, and there is no doubt that online loans are so convenient. So here are different types of online loans.

Peer-to-peer loan

Peer-to-peer loans have not been available for so long, but now they are used by many users. They would be great for a lot of people because, instead of borrowing from banks or other financial institutions, they encourage them to borrow money from other people.

This peer-to-peer loan structure tends to take place online. This is how the Internet makes it easier for people, depending on what they are looking for, to associate with lenders or creditors. For people with poor credit histories who might otherwise not get support, these types of loans are incredibly beneficial.

Small business loan

If a business wants to thrive, it must have the resources to do so. Therefore, for businesses, it is quite normal to take out this type of loan.

Small business loans seem to have a level playing field which makes it even easier to get them online. There is also, of course, no guarantee of acceptance. But if you take out a bank loan or some form of the high street lender, you will usually have to wait even longer for a response. This is what attracts more business owners to this type of online financing.

Guarantee loans

Another type of loan that is better suited to people who do not have the best credit history in the world is surety loans.

If you later become unable to do so, that person will have to pay you for your loan repayments.

These loans can of course be found and taken out online very quickly. This is what has helped them grow up lately and become so famous. But a trustworthy, willing adult with good credit who is willing to act as your guarantor will also need to be identified. Make sure that when they sign agreements, they know exactly what they are getting into.

Cash Advantage Loan

You would want to consider the option of taking out a cash advance if you have a credit card and use it a lot. This is a loan option offered by the vast majority of credit card companies. They pass the money to you as the name suggests, and then you can use it as you wish. To ensure that the credit card provider gets paid more, all you need to do is meet a repayment schedule.

It is quick to apply for cash advances. You must go to your credit card company’s website to follow all of the instructions there. Via their app, some card providers will also encourage you to do this, making it even smoother for you to apply on the go.

Benefits of online loans

Emergencies are relatively unexpected. All these moments, even when we least anticipate them, they happen to us. Cash shortages are the most common. To keep us from being financially trapped, online loans are helpful. To settle the balance of fees, go to the doctor or solve any unforeseen emergency, you might need the money urgently, so here are the advantages of online loans.

Easy procedure for online loans

For physical loans, you have to go to a branch to personally request the loan. Depending on the reputation of the loan, the loan approval process is lengthy and can take time. It will take anywhere three days and a week. The online loan application process is simpler. The eligibility standards for an online loan are limited and are easily met by most individuals.

No waste of time with online loans

You have to complete several documents and apply for collateral review of other loans. For your loan to be accepted, you will need guarantors. Are we to say that banks have long queues? In online loans it is quite different. For the lender you use, you need to download the loan or visit the website. Thanks to them, create an account and have your loan approved within 10 to 15 minutes. Online loans do not require any paperwork. Indirect loans online mean getting rid of the hassle.

Fast process

Application-based personal loans are faster in terms of the application and approval process, unlike conventional loans. The application process takes 15-20 minutes, while it takes a few hours for the approval process. A cash loan will be received the same day as the submission. The best thing is that the process is also quick and easy.

No need to visit a bank

When working with an online loan app, you don’t have to go to a bank or an agency. You can send all the necessary documents by uploading them from your mobile to the loan application itself. So you can apply and do the whole procedure while sitting at home.


Loans for certain vital situations which may arise at any time are given to people. There may be a circumstance in someone’s life where you need money all of a sudden. Sometimes you don’t want to borrow money from your loved ones. Any emergency will arise where you will need huge sums of money.

Loans always come in handy in an emergency. Online loans have so many benefits that you don’t have to go to the bank and stand in line and wait your turn. There are different types of loans, so you can take out any needy loan that has terms that work for you.

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Easy Online Loans Put Customers In A Vicious Loop – The New Indian Express Wed, 25 Nov 2020 08:00:00 +0000

Express news service

CHENNAI: A simple search of the Google Play Store shows hundreds of apps, such as Udhaar Loan, Snapit Loan, Rupee Bazaar, Rupee Factory, OK Cash, Paisa Loan, Cash Advance, Top Cash and iEasy Loan, among others, which offer instant money. Although the names of the applications differ, almost all use the same operating mode.

When installing the app, it is necessary to submit the details of Aadhaar card, PAN card and bank information as well as authorization to allow access to contacts. Customers can avail a loan in the range of Rs 5,000 to Rs 50,000 instantly. When applying for a loan of Rs 5,000, the app withholds 1,500 Rs as interest and processing fees, and only gives out 3,500 Rs. But, when the lender has to return it within a short period of time, it is required to repay the full Rs 5,000, some have claimed.

Many others like Aravind
A 26-year-old man, who worked for a private company, lost his job and paid over 1 lakh, all because he took out an instant loan of 5,000 rupees. Speaking to Express, Baskar (name changed) said: “Since there were no difficult procedures, I was happy to have gotten an instant loan. I was asked to refund the money within seven days.

However, about 10 minutes before the deadline set, I got a call from a man claiming to be one of the app staff, who mistreated me for not returning the money immediately. . Baskar was also threatened with messages.

“It wasn’t until then that I realized that I had allowed the app to access my contacts and that they had taken control of it. They also sent messages to some of my contacts saying that I had cheated on them, ”he said. With little money on him to repay the amount, Baskar resorted to another such mobile application, through which he received 10,000 rupees.

He used it to pay off the first loan, but got caught in an indefinite loop. In two months, he had a debt of Rs 2.5 lakh. Unfortunately for Baskar, one of these messages from a “recovery agent” reached the manager of his company, who was also abused by them. “I quickly lost my job. Now I don’t have a job and I am sitting on a pile of debt, ”he lamented.

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How to Loans Online Without Credit Check and Instant Approval Canada Dealing F Thu, 15 Oct 2020 07:00:00 +0000
Technology changes human lives with a broad spectrum; facilities such as shopping, travel and banking are just a touch on our gadgets. If change is happening to improve human lives, nothing can be better than this. The lending industry is one of the changes that has brought a lot of convenience to people. Falling into serious financial trouble can happen at any time in anyone’s life. All it takes at this stage of life is a simple and easy process to eliminate the economic crisis. Taking out a loan can provide a feasible tax solution; However, borrowers should know which financial product would suit their budget and financial needs before taking out a loan. In the event of immediate financial assistance, online loans at Friendly Lender Instant approval free credit checks in Canada are readily available. It is a wonderful monetary option that makes accessing desired money to resolve financial discrepancies with great ease.

An online loan is not a new introduction but somewhat similar to other loans available in the market with a few additional features. Sometimes in an emergency, an instant online loan can prevent a massive fiasco. Medical emergencies, urgent travel, wedding expenses, reimbursement of unpaid dues, etc. are the main factors that require instant cash. In such scenarios, online loans are a boon. They require almost no documentation with a fully online documentation process and instant approval of post-loan document verification. The process is completely hassle-free and smooth as the executives offer assistance whenever a problem is encountered in completing the process. Loans can be personal, real estate, home loans, etc. which require a lot of documentation, but instant online loans mainly come in the form of payday loans, P2P loans, title loans, personal installment loans, etc. A salaried person can opt for short term payday loans and can be borrowed by people to overcome financial crisis until the next payday.

Financial emergencies can knock on the door at any time, and the best option to choose from among them all is online loans from friendly lenders. In the past, applying for loans from a bank was difficult, requiring many routine, personal visits to offices with a cumbersome process. But now times have changed; With digitization, online loans are modern tools to tackle financial fiascos quickly and easily. Amid the COVID 19 outbreak, people suffered huge loss of income as no one was prepared for this rapid financial blow. Four in ten people did not have enough savings to cover an emergency expense, according to the Federal Reserve report. Another report revealed how employees of various organizations suffered job losses, pay cuts and encountered cash flow issues during the corona period and how quick loans can immediately help in such financial emergencies.

The list of documents required for instant loans online is somewhat similar to the documents required for a traditional loan. Online lenders need the necessary information such as name, address, job information, date of birth, bank account information, etc. to process an instant loan online. This information is necessary to verify and protect personal data for future online transactions. To ensure a quick process and quick dispersal of loans, all of this information should be kept before applying for loans online from a friendly lender. After verifying the above information; the loan dispersal process takes a few minutes to fill your bank account with the desired amount, freeing you from financial anxiety. Do not hesitate to approach an online loan process in case of bad credit. As long as you provide the correct details and are responsible for paying off the loan on time, you will get the money you need.


With the help of your widget, you can apply for loans online from a friendly lender anytime, within 24 hours of every day, and the application process only takes a few minutes, once the information is completed. supplied examined. To make it even more comfortable, scan and store the pdf files of your documents on your phone or laptop and organize them properly before applying for a loan online. Repayment is convenient because lenders also don’t want loans to weigh on customers. Even with a bad credit score, apply for loans online from the comfort and privacy of your own home, with no paperwork, and make easy monthly payments that can help improve your credit score as soon as possible.

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