Applying for a car loan? Sooner or later we will look for this type of credit. So I wrote this short guide as basic information when applying for a loan when the vehicle arrives.
1) Find Information Online - Finding enough information online to save time. By comparing different from some sites you can get the best deals. Apply for credit too easily, and even some sites will give you the information you need in minutes.
2) Know Thyself - You should know the basic criteria to apply for car loans. Basic criteria include that you must be over 21 years. Good if you are earning at least Rp.20 million a month. Also needed a place to live and work history.
3) Wait Until Approved Credit preemptively - Do not make the mistake of looking for the car before it is approved. Wait until the car loan approved first, then they will provide information on how much you get a credit loan. Doing this will mengurasi frustration and disappointment in the future.
4) Down Payment - This varies from one lender to another lender, and some do not even need a down payment. But usually about 10% of the price or IDR 10 million, whichever amount is lower.
5) Interest Rate - The interest rate is fixed as most people think and it can be negotiated. If you have a good credit score and good negotiating skills, you can get a lower interest rate.
It's not all because there are many other things you should know. But what I write above is essential before applying for a loan vehicle. One thing you also need is to seek advice from an authorized dealer or loan officer. They are there to help you. If there is something you do not understand, ask for their advice or you may face headaches later on.
