Home - Pay Attention To Personal Finance

Bbqgalore-online is a monetary organization that offers its types of assistance in the purchaser’s credit area. We offer our customers to acquire moment loans online rapidly, effectively and helpfully. We give loans even to customers that are remembered for the ASNEF vault. Long periods of involvement with the small scale loan area has permitted us to help several customers in various nations acquire cash.

Contact Us Now

Our Recent Blog Post

- Passive income – Lending as Passive Income
  May 6, 2019Income Want to have passive income, but confused about investing it? Read the following review, why should you choose investment in P2P Lending as a source of passive income. Having passive income is fun. Besides adding income, also to free your financial. Especially in modern times, life requires a lot of money. Not only for basic needs, but also for lilfestyle needs such as holidays, hobbies, and so on. To be able to fulfill all of that, you must prepare for future finance as early as possible. One of them is by investing or getting passive income. There are many ways to invest, ranging from stocks, gold, mutual funds, property and so on. Adjust investment with your risk profile. Well, if you are not a person who likes to take big risks, do not have much time or resources to pay attention to fluctuating capital markets, but the benefits obtained have the potential to increase your coffers, then investing in the peer to peer lending can be an option right. Why? Here’s the reason. Easy scheme Peer to peer lending is a loan investment scheme that connects funds owners with loan seekers on a digital platform. For investors, this type of investment is very easy for those of you who want to get passive income without wasting a lot of time. Simply channel the selected funds to borrowers that are already available on the platform. The benefit you will get from the rewards paid by the borrower. The amount has also been listed in the campaign, as well as the risk rating. P2P Lending is an investment scheme that is currently on the rise in Indonesia. The potential rewards are also quite large, namely getting rewards of 20-30% per year. P2P Lending can manage your investment portfolio online so risk management can be more controlled. More flexible Through P2P Lending, your investment will be more flexible because you can channel funds owned by borrowers with different levels of risk. Borrowers who apply for cash loans must go through a credit scoring process carried out by the P2P Lending platform. The platform will classify borrowers to the level of risk that must be known by potential investors. After this classification is displayed on the platform, then you as an investor are free to choose to fund the type of loan that exists. You can also divide your investment funds into several loan classifications at one time for different investment portfolios. Secure transaction Security guarantees in transacting on the P2P Lending platform are very important. Investors have the right to know the type of risk that will be taken before placing the money on the platform. There are two main risks in investing in P2P Lending, namely the risk of default and also the risk of fraud. To prevent this risk, the P2P Lending platform will verify and select loan proposals that come to ensure that the identity used by the borrower is genuine, and has the ability to pay the principal loan plus fees. In addition, the P2P Lending platform must also be registered with the OJK so that all transactions on the platform can be monitored. ...
- Reasons for Fintech Interest Higher than Banks
  March 20, 2019Bank Fintech does provide easy access to loans. But behind that, there is a high interest that must be paid by the borrower. What is the reason for fintech interest higher than the bank? The presence of financial companies such as Fintech is a solution for people who need additional funds quickly, as well as a frightening specter because the interest on loans is valued higher than the bank. Whereas for loan interest matters, every fintech company already has transparent rules to determine the amount. Where the amount of Fintech loan interest must take into account the nominal to the term of the loan. Fintech interest is higher than the bank At present, interest on loans from Fintech averages 19-22% per year . This interest is claimed to be higher than bank interest which is only 18-21% per year . The difference of around 1% is considered not worth the risk faced by Fintech. Yes, the risk of fintech as a loan service company is indeed valued higher than the bank. The reasons for higher fintech interest from banks are as follows: Fintech provides access for consumers who cannot make loans through financial institutions such as banks so that the determination of high interest rates is done to avoid the loss of borrowed money. Fintech consumers are consumers who can borrow unreserved money such as banking so that high interest is applied in this service. High interest is carried out as a reserve fee to reduce credit risk because after all a fintech company must maintain a smooth return to investors despite a loan default by the borrower. Not all fintech companies have credit insurance so that if a loss occurs, fintech companies must handle it themselves. Moreover, fintech loans are generally unsecured. The advantages of Fintech from the Bank Despite having a relatively high interest from the bank, the existence of fintech is still favored by the people of Indonesia. This is due to the ease and speed of the loan process offered by Fintech. In addition, to maintain higher public trust, fintech companies are also required to be more transparent to their customers. For investors or investors, transparency makes them feel safe and trusts with the money that has been given to borrowers. As for borrowers, transparency makes them better understand the risks that arise later. This transparency is an option for investors and borrowers before they make transactions as lenders and borrowers on the P2P Lending platform . The risks that arise later are shown by the fintech company so that each party accepts the risks. So, there is no reason why fintech interest is higher than the bank! ...