courageofconviction.org - There are times when you need fast money, but the valuable possessions are motor. Selling is not the only way, because you can apply for multipurpose credits to earn some money. How, by pledging BPKB motor to the Bank or finance company.
Of course the motor is guaranteed in good condition, and not exceeding a certain age. For example in Adira Finance, a maximum of eight years from production until the end of the credit term.
Other requirements that must be fulfilled, for example: Identity Card (KTP), Family Card (KK), proof of income, Motor Vehicle Sign Up (STNK) and original invoice. There is also a request for details of the specific use of funds. Proven with inclusion of pe-Budget Details (RAB) / invoices from third parties.
In addition to pledge BPKB motor, multipurpose loans can also be used to buy a motorcycle. Then what is pledged? Can be anything, ranging from land certificates, homes, even motorcycles though. His name is also multipurpose.
This kind of credit can be very profitable, if you know its superiority. One of them, the funds earned in large amounts up to billions. Tenor tenure up to 10 years, even more. This is in contrast to unsecured loans, which on average give a three-year repayment time.
About the last advantage, liquid funds can be used for various purposes. With large funding, you are not only able to purchase a new motor. Funds can be utilized also establish business and others. But remember, all the benefits that can be obtained depending on the value of goods that are guaranteed.
Multipurpose loans also have shortcomings. First, you must have assets to guarantee. If you do not have, then certainly can not borrow. The second deficiency, if failing to pay off, your assets can float. Lastly less pleasant, the process is rather long. Naturally, considering there are assets whose value must be estimated by the bank or finance company. In addition, of course, the fulfillment of document requirements.
