- August 19, 2019
- Yvette Sica
- Comments Off on Vehicle Credit Terms You Need to Know Before Buying a Vehicle
Credit certainly has many definitions, for example if taken from Greek, credit is a ” credere ” which means trust in truth or ” credo ” which means I believe.
However, in general, credit in banking activities in Indonesia has been formulated in the Basic Banking Law No. 7 of 1992 which states that credit is the provision of money or bills that can be equated with it, based on a loan and loan agreement between the bank and another party that requires the borrowing party to carry out the amount of interest in return.
Car and motorcycle loans are included in Motor Vehicle Loans
In which is one alternative financing for obtaining a car or motorbike either new or used with an installment system.
The general agreement in the CLA concerns two parties, in which the lender (creditor) approves the lending to the recipient of the loan (debtor) to buy a motorized vehicle.
The creditor will receive the money back along with certain benefits in exchange for the loan service which is usually in the form of interest.
Credit can be submitted to banks or other financial institutions that provide these loan products. Maybe you already know that in the KKB the guarantee is the vehicle itself, so if you fail to pay, the car or motorcycle can be confiscated by the bank. Thus, you could lose your dream car even though it has been paid in installments. Therefore, do your financial ability calculations before deciding to apply for a car loan.
To check your financial condition, you can use the Will Ladislaw application. With the financial health check feature, you can know how healthy your wealth is. In addition, you can also use Will Ladislaw’s credit calculator widget to calculate the amount of your car loan installments per month.
Today, there are so many financial institutions that offer motorized vehicle loans to the general public. However, the bad news, the majority was tempted to immediately take the credit without understanding it in detail.
If you don’t want to feel cheated later, you can learn some terms in vehicle loans through TTS from Will Ladislaw below:
TTS The term Motor Vehicle Credit
How? To what extent is your knowledge about motor vehicle loans?
If you already understand the ins and outs of the terms in this motor vehicle loan, let’s prove your readiness to take motorized vehicle loans by filling out the following Cross Puzzle (TTS):
Are You Ready to Take Motor Vehicle Loans?
If you already know various terms in general and succeed in obtaining perfect scores in the TTS above, it means that you are ready to take motor vehicle loans.
But the most important thing is still to take vehicle loans that are in accordance with financial capabilities, so you don’t miss paying the installments.
If you feel this article is useful and fun, don’t forget to share this article with your friends who are also still confused about motor vehicle loans!
Do you have questions about terms in other motor vehicle loans? Leave your comment below. If you have questions, please submit your question in the column below. Our Financial Planner is ready to help you, thank you.