Which one is better; between applying for loans without collateral to the bank or non-bank credit compared with Islamic banks?
The answer of course depends on your needs and abilities.
As we know, credit or loans without collateral, although easily and quickly in the process and filing, but the requirements demanded also not easy. Usually there are some requirements that you must meet before you permohonana processed.
Suppose that, on average, banks generally require mnimal limit income between Rp 2-5 million dibuktikkan with their paycheck, or at least you should be a payroll customer of the bank where you want to apply for a loan.
With such requirements, would have been a little difficult for those who work as entrepreneurs or freelancers; because the requirements of paychecks may not be met (for details of requirements KTA every bank you can see on the following link).
As an alternative, you may indeed apply for a loan on non-bank financial institutions, but it usually is not a long period of the loan and the loan amount was not more than USD 3 million.
And what about the credit on Islamic banks? One of the benefits of cash loans in the mortgage bank is fixed. In this way, the debtor will be easier to estimate the number of installments with financial capacity.
Percentage rate or commonly known as the yield on Islamic banks usually are not too high.
But to get this credit is also not easy. Usually, the debtor must have sufficient collateral and other requirements that not everyone can meet.
So, which is the best scheme, and where it should apply for a loan? Again it all depends on your needs. If you only need the amount of not more than Rp 3 million, especially if you are in need of these funds as soon as possible, then apply for a loan without collateral on non-bank institutions are better.
However, if the funds you need bigger while you also are customers of a particular bank's payroll or customer, the KTA scheme on bank loans are the most appropriate for you.
Another case when you need the best venture capital or refinancing of credit in large numbers, credit schemes Islamic banks could be the most appropriate option for you.
Well, now, you just compare and ascertain what the needs of you and how much you can afford the repayments with loan scheme that you choose.