But despite its simplicity, you still have to remember the loan with KTA scheme is not free. Prospective customers should know the exact rules of banks that offer a quick loan that is unsecured. For example, how much the interest rate charged, the loan period, the amount of monthly installments, and other additional costs.
For this reason, it is important to consider your financial ability before asking for KTA. Hopefully the KTA injection of funds you need is allocated to productive activities. Use it as additional capital so that profits can be partially set aside to pay the mortgage, although the usual use of KTA is for various other purposes such as the cost of children attending school, wedding expenses, home renovations, and so forth.
A very important point is to be disciplined in paying the installments on time, as this is also a future investment. With a good track record, banks will no longer hesitate to disburse another loan if you need someday to submit again.
No less important, as much as possible look for the KTA that offer low interest rates. Take some extra time to sort out the various products KTA from various banks. This is consistent with the principle that consumers are always looking for the ‘cheapest’.
The next step is to convince the bank to agree to disburse KTA. Its terms is relatively easy to fulfill. The amount of any installment can be adjusted relative to the applicant’s financial ability. Interest rate depends on the installment period.
Sometimes, even the bank offers KTA to it’s customers. The bank selects the customers that have a sufficient balance in their account. This step is purposely taken to minimise the risk to the bank of customers who fail to pay.
Another point – before asking for KTA first make sure you have no other debts that must be repaid. Do not let the ease of getting KTA actually make life worse by having extra installment each month to pay back. After all, the purpose of KTA itself is a solution to financial problems, not add to them.