First is annual fee. Banks usually charge an annual fee for the first year and the following year. For the first year, bank will charge you a certain percent of fee from the total loan value upfront, and will be deducted from your loan value. The following years, bank will charge fixed annual fee, which must paid on the 13th of the month, the 25th, and so on.
Second is administration fee. Bank will charge this fee upfront, usually deducted from the initial loan value.
Third is loan disbursement transfer fee. Banks will charge this fee upfront, usually deducted from the initial loan value.
Fourth is late payment fee. Banks will charge you if you failed to pay the instalment until deadline.
Fifth, early repayment/cancellation fee. The bank will charge a certain percentage from the total loan value that has not yet been repaid. However, some loan providers may waive this fee.
Every bank has different method to evaluate customer loan application. However, there are some process that bank analyst will usually do to evaluate their potential customer.
First, the analyst will do BI Checking, a process where he or she downloads the credit history data from the Bank Indonesia Debtors Information System (in Bahasa: "Sistem Informasi Debitur"). On that system, all historical activities regarding the credit card and loan is recorded. This is the initial step to evaluate customer application quality.
When you already pass BI Checking, the analyst will do a phone survey to confirm and validate the application form you have filled in. Don?t lie during the survey because it might harm your current and future application process. If you are qualified with bank's standard, then in several days after the survey, it will call you again to sign the contract and your loan is ready to be disbursed.personalloan.faq.term.title.4=Do I need to have credit card to be eligible to apply for a personal loan?
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