Along with the development of technology, the payment system is also increasingly sophisticated. This makes it easier for humans to make transactions or payments. Starting from daily needs to other needs such as paying for education. Now, to be able to meet education costs, there are several ways that can be used as strategies, one of which is by applying for education installments.
Basically, educational installments appear to provide convenience and help reduce the burden on parents or students. However, because of the low level of public knowledge about educational installments, many people make the wrong choice. Then this leads to failure or loss. For that, for those of you who are planning to apply, here are educational installment mistakes that must be avoided.
Also read: Financial Management Tips for Students and Parents Applying for College Installments
Not thinking about financial capabilities
A common mistake in educational installments is database shop not thinking about your financial capabilities. In applying for educational installments, of course you have to think about your financial capabilities first. It is important to do this because if you don’t, you could make a miscalculation or, worst of all, have difficulty paying it off.
Not all educational installment providers have low interest rates. Therefore, think about your financial capabilities first to avoid educational installment mistakes and not end up in default or debt that grows because the interest given is too high.
Thinking that all institutions have the same requirements
There are still many people who think that all institutions have the same requirements because they both provide educational installment services. This is a Understanding what remote audio-visual transcription is common educational installment mistake in society. In reality, educational installment application services provided by various institutions certainly have different requirements. All of this depends on the policies of each institution. So it is important to study the requirements given well for the smooth running of your application.
In addition, in applying for educational installments, you are required to provide complete and true information or personal data. Avoid lying or manipulating data that will be provided to the installment provider institution. This can cause new problems. Furthermore, also complete the requirements requested by the educational installment institution so that the application process can be faster.
Also read: Tips to Avoid Online Fraud with Danacita
Not being careful in choosing an institution that provides educational installments
The next educational installment mistake that bz lists must be avoided is not being careful in choosing an educational installment provider institution. Since the proliferation of online loans in society, many people have made decisions quickly. In fact, of the many educational installment providers, only a few have been proven to be safe and reliable. Please note that in choosing the right institution, make sure that the institution is registered with the OJK and is AFPI certified because it is definitely safe.
In choosing, you also have to really find out all the information related to the institution. If necessary, you can also try to find out testimonials from several people who have used their services. That way, the possibility of experiencing educational installment errors will also be minimal.
Also read: How Students Propose to Parents About Applying for College Installments
Origin and easy to be attracted to offers from illegal fintech
Another educational installment mistake that must also be avoided is being easily attracted to illegal fintech offers . When doing research, there is a possibility that you will find illegal fintech institutions that claim that they provide educational installment services with various benefits. Usually this is done only as a form of bait. If you need educational assistance funds with a fairly tight time, you still have to set aside time to sort out fintech institutions that are definite and not illegal.
In fact, legal and illegal fintech institutions have real differences. Make sure not to get caught and easily attracted to various offers given by illegal fintech . Because from this mistake you could end up being a victim.
That is an explanation of what educational installment mistakes should be avoided before applying.
Apply for Safe Education Financing with Danacita
In applying for installments or education financing, you must think carefully. No need to worry because you can apply for education financing on one of the platforms, namely Danacita.
Danacita is a financial and technology company founded in 2018 in Indonesia that has helped many students in reducing education costs. The services provided by Danacita are college installments and have been in more than 100 campuses throughout Indonesia and have been officially supervised by the Financial Services Authority. Danacita has also been equipped with a high-level security system certified by ISO 27001. In addition, since August 2, 2021, it has also been given a permit letter number KEP-68 / D.05 / 2021 in the Provision of Information Technology-Based Money Lending Services.
The term offered by Danacita ranges from 6 to 24 months and without any down payment or security deposit. Students do not need to worry about interest issues, because Danacita offers flat interest so it does not become a burden on the mind. The method of applying for installments is also easy, because it is virtual, just by creating an account at then completing the profile and applying for financing. In addition, students can also re-apply for installments for the next semester even though there are still installments that must be completed.
In achieving your dream of getting a higher education, you don’t need to worry anymore because Danacita is ready to help with education costs and has become an official partner of many well-known universities and other course institutions, so it is definitely safe and reliable.
