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#Constant Business Loans (Business Loans) With Collateral
Limitations of capital as above are usually the perpetrators who want to go into the business world will reconsider how to get capital for their small business, and usually they will decide to lend business capital to their friends and family first, and there are still many who decided to borrow to a particular party with a very high risk.
However, one way of borrowing a secure capital is to consider between the giver of capital with the beneficiary through the official financial institution and the bank. Typically, the bank itself will offer you with various options related to your needs.
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One of the financial offers that banks often offer is a capital loan with collateral, because the risks are not too high and easier for customers.
1. Know What's A Loan With Collateral
Maybe some of you are still confused what is a loan with collateral, let us discuss together so as not to become a confusing topic. Collateral is the same as Warranty. Yes, the purpose of the loan with the collateral is the loan with the existence of a guarantee against the Bank, either in the form of securities or assets that you have today. With the guarantee, the bank will also easily process the business capital loan for you, because there is already a guarantee that you can give to the bank.
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Here are some types of guarantees you can give to borrow business capital from the bank, one of which is: Gold, Properties and vehicles, or others that have relatively high selling value.
2. Types of Collateral Often On Offer
According to the law applicable in the country of Indonesia contained in Article 8 of the amended Act there are 2 types of collateral namely principal collateral and additional collateral. One of the principal collateral is in the form of an item, securities, or warranty relating to objects financed on credit.
While the additional collateral is in the form of goods, securities, or a guarantee that is added to the collateral.
#How to Apply Business Loans With Collateral (Capital Loans)
3. How to Apply Loans With Collateral
In applying for business capital loans, of course, will also be faced with the terms and conditions applicable. If some conditions are not met, your loan application will not be processed. Well, for those of you who do not know what I am the requirement to apply for a loan with collateral, here are some conditions that you must meet:
- Indonesian citizens
- Certificate of Indonesian Citizen for Indonesian Citizen
- Minimum age 21 years and maximum 65 years
- Has a Fixed Job
- Own Personal NPWP
Submit Document of Certificate of Property (SHM) and Building Permit (IMB) if the guarantee you offer in the form of properties, and BPKB if you pledge the vehicle.
Well, if all the above conditions you have fulfilled, then the business capital loan you submit to a particular bank will be processed faster.
4. Determine the Value of Collateral Credit According to Capability
Well, that's a bit of discussion on how to get capital quickly with a venture capital loan with collateral. Hopefully with this information can add insight to all of us in getting business loans (Business Loans) for the business we will build. Do not forget to share this article as one of support to ENQUER Business in order to update various other information. Thank you ☺