Interest-free loans are like a breath of fresh air for those of you who need cash immediately. Without the need to pay loan interest, the debt burden can be lighter. But, the name of the loan must have an accompanying interest. It’s a different story if you apply for a loan to family or close friends. Agree? wait a minute. There is good news for those of you who need a loan.
In an effort to help people affected by the Covid-19 pandemic. Through this program, Pegadaian offers zero percent interest, aka pawn-free interest for three months.
So you can pay the installments according to the nominal you borrow, without any additional fees.
Apart from being free of interest, this program also offers other loan reliefs, such as postponing auction maturities. From the original 15 days, we are now given an additional 15 days of relaxation, bringing it to 30 days.
To find out more about zero percent interest loans from loan, let’s look at the following reviews.
Get to know a loan
Pegadaian offers loans with a pawn system, both for consumptive and productive needs. Even though both offer loan funds, there are distinctive differences between loans and Payday Loans products from other financial institutions.
For example, compared to banks, the loan requirements at loans are somewhat easier. If you apply for a loan at a bank, you must have an account at the bank concerned. Moreover, you don’t have one, then you have to take care of opening a new account.
Meanwhile, if you apply for a loan, you only need to include your identity and collateral with proof of ownership, such as a purchase invoice.
Indeed, when it comes to convenience and practicality, online loans from financial technology (fintech) are arguably superior. Not a few fintech loan products don’t even require collateral or collateral.
However, this online loan interest is enough to make hearts worry. As an illustration, online loan interest ranges from 3-4 percent per month, even though loan rates at banks range from 6-13 percent per year or around 0.5-1.08 percent per month. Pretty much different, right?
Now, with a three-month mortgage interest-free program, loans at Pegadaian can be superior in terms of both cost and practicality of submissions.
0 percent pawn interest-free terms
To apply for an interest-free loan from Pegadaian, there are two criteria that need to be met, namely:
- Loan limit of less than $ 1000
- In one family card (KK) there may not be more than one receiving customer
For information, this program is effective from 1 May 2020 to 31 July 2020.
How to apply for a loan
Application for loans at Pegadaian can be done online or offline. Here is the explanation.
1. Apply for a loan online
Pegadaian has launched the Digital application so you can pawn goods online. Thus, you don’t need to come and queue at the Pegadaian office.
Even so, the goods being pawned still have to get approval from the officer.
2. Apply for loans offline
Pawning goods offline is actually not difficult and takes a short amount of time. If there are not many queues, the loan application process can be completed in less than 30 minutes.
The types of goods that can be pawned include electronic goods to motorized vehicles. For example, smartphones, laptops, televisions, DSLR cameras, motorbikes, cars, and gold and gold jewelry.