You must read the terms and conditions and provide all of the documents necessary by the bank to apply for an unsecured loan.

There are many loan applications have been turned down by banks so, please check the following list to ensure your application is accepted.

1.  Readable documents

Typically, the bank may request documentation such as copy of ID cards or pay slips. But sometimes, the lettering and numbers on a copy of a document are not easily readable, which results in unclear documents. So, please check all the documents before submitting.

2.  No credit card debts

Ensure that all credit card and other installments are paid in full. Having credit card debt hurts your reputation with the bank because taking out an unsecured loan while already in debt is such a red flag. 

3.  Improve Your Credit History

Before your application accepted, bank will run a credit check on you using SLIK (Sistem Layanan Informasi Keuangan). All your credit history with banks and non-banks will be recorded in the SLIK system. So make sure pay off all debts on schedule.

4.  Do Not Forge Data

Forgery of data during the application process for a KTA loan is fatal and strictly banned. Only submit your accurate and up-to-date information.

5.  Follow the Terms and Conditions

The bank will reject your application if you do not follow the rules. Please make sure you understand the bank's terms and conditions before applying for a loan.

To avoid the five scenarios listed above, make sure you have all of the necessary documents and choose a bank that makes it simple to apply for an unsecured loan , such as Maybank Indonesia.

Maybank KTA provides you with a variety of benefits, including:

• The limit is up to IDR 250 million.
• Up to a 5-year long tenor.
• Monthly installments
• Low interest rates starting at 0.79%.
• The loan disbursement process takes three days after all required documents are obtained.

Check out this page for more information.

Apply Maybank KTA now and make sure your all necessary documents are in order!