The first criteria you should keep in mind is if you have ever received a phone call or SMS offering a loan product.
It is very likely that your personal data has been entered into several marketing affiliates in the field of lending. It could be that you have applied for a loan before, so your personal data is recorded and circulated.
Security Policy Important to Note
In addition to avoiding the risk of data abuse, this can also prevent incoming phone calls and SMS interruptions that include unclear offers.
Registered with OJK
Although there are many online money lending providers in Indonesia. However, not all providers are credible and trustworthy. Therefore, you need to be careful in choosing it.
To be able to choose a trusted online money lender, one important thing to keep in mind is that the online loan you will need to be supervised by the Financial Services Authority (OJK), and verified. FSA as an official body that oversees the running of Good Finance activities in Indonesia, has a list of lending institutions that they supervise.
Check the Loan Agreement
Lending agreements are one of the most important aspects of the online and conventional fast loan lending process, either online or conventional such as banking. In the agreement, it will typically include loan amount, interest rate, agreed tenor term, and other key points regarding customer and lender conditions. Due to the urgent need to complete the application process, it is not uncommon for the customer to read and verify the contents of the agreement. But at this point you know your rights and obligations as a borrower.
Not just conventional lending institutions, technology-based online lending agreements are also important and must be delivered to customers, for example in the form of digital documents sent via email.
A loan agreement can be a valid piece of evidence for both the borrower or the Good Finance, to fulfill their obligations and to fulfill the agreed terms. If in the event of a deviation, for example, the installment in the application does not comply with the agreement, then you have strong evidence to file a claim up to the claim.
Loan Services Using Encryption Guarantee
The last thing to keep in mind is to apply for a fast cash loan without the immediate conditions of liquidity, which is the availability of encryption on the online loan service provider’s site. What is Encryption? Encryption is a system implemented for the purpose of securing the data or information contained on the site so that it is not readable by other unauthorized persons.
The form is SSL certificate and HTTPS protocol. Most HTTPS encryption methods and protocols are commonly used for sites or applications used to transact online.
All loan institution sites should ideally use this security system. Why, all the data on the site, regardless of its nature, is important and could be a hindrance for hackers to commit crimes.