Student Credit, Helps Indonesian Students to be More Independent

Currently, Indonesia seems to get a demographic bonus with many young people growing up to 2050. One of the complicated problems in educating the children of this nation is the high cost of education, especially for those who are currently going to college.

The 20% state budget allocation for the education budget

It seems insufficient to accommodate the large costs that must be borne when entering the campus world.

There was a survey conducted by Higher Education Leadership and Management (HELM) in 2012. They said the majority of students’ sources of income were 88.16 percent for parents and 4.60 percent for scholarships. Meanwhile, to provide money for their children, these parents must borrow from relatives (32 percent), banks (28 percent), and pawnshops (13 percent).

This certainly raises its own problems, when tuition fees are no longer affordable or parents are constrained with minimal income. The most common consequence is that we read in newspapers about the story of children who cannot register with PTN even though it has been received because of family funding problems. Inevitably need the right solution to overcome this problem, one of them through loans without interest or with low interest for students.

Calculating Allocation Needs for Tuition Fees


The tuition fees basically vary depending on the university itself. For the average condition of State Universities (PTN) with BHMN status, at least take an estimated cost consisting of an entrance fee of 50 million dollars, plus a tuition fee of 5 million dollars per semester for 8 semesters and a living cost of 1 million dollars per month for 48 months. So if it is totaled, the tuition fees at the PTN are 138 million dollars until the time of graduation with a four-year study period.

If a student has to pay his tuition by debt, how much should be paid? Without government assistance, students must take debt by following the applicable bank policies, for example, many calculations circulating on the internet with the assumption of 10% interest without a down payment, then the interest to be paid is around 22 million.

So the total loan from students that accumulates when students graduate is 160 million dollars (138 million dollars plus interest for four years). If the installment calculation is made for 10 years, then the installment to be paid is around 2.2 million dollars per month.

Potential Student Credit Market


Actually, student loan products in the past, there is already such a thing as Indonesian Student Credit (KMI). Unfortunately, this credit package broke up because many students were in arrears in debt and were unable to pay. This condition certainly makes us concerned. The young generation hopes that the nation turns out to be one of the problems with the emergence of bad credit. Learning from that, Fine Bank is certainly more experienced in managing student credit portfolios.

Fine Bank started from Makassar because it saw the potential of the city relatively as a pilot project. One well-known campus there, Satria Makassar University has 3,750 students, plus 800 more post-graduate students and more than 100 lecturers who can automatically become Fine Bank customers. If calculated roughly, Fine Bank can collect at least 5.2 billion dollars of student funds from the campus each semester by looking at the statistical data above.

Loan without Credit Bureau for self-employed.

The search for a serious offer, for a loan without Credit Bureau for the self-employed, is extremely difficult. As far as all research shows, legal only grants a credit-free loan. The article provides an overview of the credit opportunities that derive from this, which Credit Bureau-free loan offers are extremely risky.

Loan without Credit Bureau for self-employed – difficult loan search

Loan without Credit Bureau for self-employed - difficult loan search

Entrepreneurs who “only” run a small business find it extremely difficult to grant loans. Despite the clean Credit Bureau, they constantly run in front of locked doors. Influenced by the Basel contracts, hardly a reputable credit institution dares to lend after starting a business. It is even more difficult if the credit rating query at Credit Bureau is negative. Even credit banks from Germany that are willing to take risks reject the loan request without being checked.

The negative attitude of the credit providers alone would make a serious loan offer for a loan without Credit Bureau desirable for the self-employed. Unfortunately, as far as is known, at least currently no reputable foreign bank offers Credit Bureau-free financing for freelancers and entrepreneurs. The large-scale advertising for loans without Credit Bureau is aimed exclusively at employees subject to social security.

As far as can be traced, there is only ever one credit bank behind the reputable loan offers of the intermediary for employees. The loan without Credit Bureau is being advertised by Lite bank from Liechtenstein. Unfortunately, the self-employed are excluded from direct lending. Even a solvent guarantor or property collateral cannot help with the loan. However, a “proxy loan” would not be excluded. In this case, instead of guaranteeing, a close confidant qualified for the loan would apply for the loan.

Loan without Credit Bureau as proxy loan – requirements

Loan without Credit Bureau as proxy loan - requirements

A direct application for a loan without Credit Bureau for the self-employed would be rejected by Lite bank. The self-employed are not admitted as borrowers. A credit request from a close confidant who does a job that is subject to social security contributions would be permitted. His employment relationship must exist for at least 12 months and must not be limited. In addition, there must be no garnishment of wages and the income from work must not be assigned.

Another important factor for the credit check is a clean public debt register. If the applicant fulfills all the requirements, the credit bank has no objection to lending the money further.  The borrower can freely dispose of a loan without Credit Bureau from Liechtenstein. There is no restriction to act only in your own economic interest – as with ordinary loan offers.

As a representative loan, the loan can be applied for without a Credit Bureau for self-employed persons in the amount of 3,500 USD or 5,000 USD. For 3,500 USD, 11.62 percent are effective, for 5,000 USD, 11.61 percent effective APR. The interest rate mentioned includes all credit costs with a repayment period of 40 months and direct application. If you want to apply for Credit Bureau-free financing through a credit broker, additional third-party costs arise.

Avoid business loans of dubious origin

Avoid business loans of dubious origin

A small loan that cannot even be applied for often does not meet the expectations of those interested in credit. Anyone who searches intensively will find offers for a loan without Credit Bureau in unlimited amounts. Portals that advertise in this way offer direct contact to private investors. This possibility to get a loan from private donors does not correspond to the serious offer of portals like Across Lender or Spin Lender.

Only the establishment of direct contact is offered. Only the publication of the credit request is paid. Other services of the portal operator, such as the ID check of the contractual partners, are not included. Investors can be contacted either directly via email or via an unfiltered forwarding. If a credit agreement is concluded, the portal does not charge any fees.

Most are not aware of the risk of getting a loan without Credit Bureau in this way. You only see the credit opportunities without agency fees and the sometimes low interest rates. The risk arises from the lack of control by a neutral body. In theory, the entire loan can be processed anonymously. A credit without Credit Bureau for the self-employed, which gives the opportunity to come about without an ID procedure, can have criminal consequences.

To prevent money laundering, the ID check has been introduced by law for all lending. If you circumvent the post-ID procedure, you run the risk of becoming the last link to be identified in a money laundering group. The penalty for aiding money laundering can be up to five years’ imprisonment.

Hence the urgent appeal that a loan without Credit Bureau for the self-employed can be legally “tricked” as a proxy loan. Leaving the safe ground of legality is not worth a loan.

How to take out a lightning credit with negative Credit Bureau


Many consumers are familiar with this. First an invoice comes unexpectedly and then something breaks that needs repair. It is not uncommon for there to be a financial bottleneck that can only be mitigated with a loan. But it is not always easy to get this loan, because one or the other has a negative Credit Bureau entry.

Take out a lightning credit with a negative Credit Bureau

Take out a lightning credit with a negative Credit Bureau

Some consumers are allowed to take out a lightning credit with a negative Credit Bureau. When borrowing, it always depends on how many entries there are and which entries are concerned. A negative Credit Bureau does not always have to be to blame for a loan being rejected. If you are preparing to take out the loan, you may still be able to receive a loan amount.

If the customer has negative entries and they pile up, it will be difficult to make an application. It will often only be possible if other collateral is available. In this case, other collateral is guarantees or life insurance. In order to be able to circumvent these guarantees, testing your own Credit Bureau can help.

Every consumer has the opportunity to check his Credit Bureau himself. It is not uncommon for old invoices to be entered in it that have long been paid off. That can certainly happen because debt collection companies do not work with Credit Bureau. Once they have requested a reminder or attachment, but are already obsolete, such entries are not automatically deleted. Many negative entries can be deleted so that the credit rating can increase.

Take out lightning credit with negative Credit Bureau with collateral

Take out lightning credit with negative Credit Bureau with collateral

If the entries in the Credit Bureau remain, security will help. Guarantees are the first choice and are always offered first by banks. A guarantor is a second borrower for the lender, who signs the loan agreement with the applicant and thus guarantees that the loan will be repaid. The guarantee is only used if the borrower has to stop paying the installments for various reasons.

At that moment, the guarantor must continue to repay the loan with his assets. This is risky for him because he is liable for everything he has. In addition, it will not be easy for him to get the money back even if the borrower is having trouble paying the installments to the bank. This way, if the borrower cannot find a guarantor, he can also take out a foreign loan.

This foreign loan is primarily taken up by those who have had no success with German banks and savings banks. For example, those who cannot take out a loan in Germany due to a negative Credit Bureau can take out a lightning loan with a negative Credit Bureau abroad.

Credit Bureau does not work abroad, so no entries are checked there. As a guarantee that the loan is secured, foreign banks require a regular income that comes from permanent employment. In addition, the applicant must be fully legally competent, i.e. must have reached the minimum age of 18 years. If these requirements can be met, it will not be difficult to take out a lightning credit with a negative Credit Bureau.

The application is usually made through a credit intermediary. It would be too costly to take out the loan on site, especially since the travel costs are not negligible. The customer is looking for the credit intermediary on the Internet. Since there are a great many here, a comparison should not be omitted. Credit brokers work on commission, which can vary greatly from broker to broker.

When the customer has submitted all documents and has provided his personal data truthfully, offers from various banks will be sent to him by email. If he chooses one of these offers, all he has to do is sign the loan agreement. The processing takes place very quickly, so that the Blitzkredit with negative Credit Bureau is transferred to the borrower’s checking account within a short time.

Benefits of Credit Cards For Emergency Funds

Having a variety of busy and also quite high financial activities often makes us so in need of various facilities in conducting various financial transactions. Time becomes very important, where everyone expects all his affairs can run smoothly and in accordance with expectations. Technology can certainly be a reliable thing to get these various facilities, various financial facilities can be accessed easily with the help of current technological advances.

One of the banking facilities that is widely used today is credit cards. Various reasons are the cause of the high use of plastic money in the midst of society. But among all these reasons, ease and convenience of transactions is the most frequently cited reason. Credit cards make various financial transactions easier and more practical, not just direct transactions, even all online transactions can also be accessed by using a credit card.

Its use as a global payment instrument that is accepted throughout the world, is one of the added values ‚Äč‚Äčthat makes it easier for business people and those who like to travel when conducting financial transactions. Credit cards are accepted everywhere, and that makes them so needed by many people.

The Right Benefits

The Right Benefits

But even so, in reality, not everyone can make the most of a credit card. There are many people who use credit cards inappropriately, so it’s not a convenience that will be obtained when having it, but it could end up with a number of problems in finance. The use of credit cards that are not right, can occur due to a lack of understanding of the benefits or due to the failure of someone in managing their finances as a whole.

If used appropriately, credit cards will actually provide many benefits and also ease in conducting various financial transactions. Not only as a facility, but credit cards can even provide many benefits for its users. Various features on a credit card will certainly be very useful if used appropriately.

Unlike other credit facilities issued by banks, the use of credit cards can certainly be done at any time, even only when we really need it. This is what makes many people use credit cards as an emergency fund when their financial difficulties. The use of credit cards as an emergency fund is a legitimate thing to do, as long as this action is accompanied by calculations and also careful consideration. This means that the use of a number of these funds has also been followed by a payment plan in the coming day.

There are many benefits you can get when using a credit card as an emergency fund, some of which are as below:

Low-Interest Rates

Low-Interest Rates

When in need of an emergency fund, we will certainly take into account the source of funds and also the amount of interest that will arise from these funds. This should always be considered because a large amount of interest will certainly be very burdensome and increase the amount of debt significantly.

The use of credit cards as an emergency fund will be very helpful, especially if it turns out that some of the funds will only be used in a short time. That is, we do not need to bother to apply for a number of loans to banks or other financial institutions that will take up a lot of our time and energy.

Currently, there are many banks that provide credit card interest is quite low, even some of which only range below 3%. This will certainly be very helpful and we should make it into consideration when we need some emergency funds.

Fixed Installment Facility

Fixed Installment Facility

Emergency funds are of course not only in the form of cash funds, but we may need a number of emergency funds for various other purposes, one of which is as medical expenses at the hospital. A number of these medical expenses could be in large enough numbers, so we have difficulty when going to pay it in one month the bill. Leaving it without being paid off at once, will certainly expose us to a number of flowers.

Various emergency bills like this can be overcome by using the fixed installment facility found on the credit card, in which we can pay in installments over a certain period of time with 0% interest. At present, almost all credit card issuing banks have fixed installment facilities on the credit cards they issue. Some banks provide a 0% installment period for the first 3 months if you choose a longer installment period we will be charged a mild interest of 0.99%. However, there are some banks that even provide a 0% installment period for the first 6 months.

The use of fixed installment facilities will greatly help us to overcome financial difficulties during an emergency. This, of course, must be done with a number of calculations and also the right considerations, lest we have difficulty in paying a fixed amount of installments in the future.