Meet Bank Credit

Some of you may have read Donald Duck Comics very famous. Narrated Donald Duck has a very rich uncle named Uncle Scrooge. Uncle Scrooge is a wonderful duck wealthy that he could build a very large warehouse which can be used to store all the piles of money, both paper money and coins.

So much money he has, piles of money often seems piled so Uncle Scrooge is portrayed as a greedy person - often soaking in a pile of money.
Writing this course will not discuss about Uncle Scrooge and his money pile. But when we talk about the bank, can be said that much money may also be owned by the bank where you save money. Even so you do not have to worry about all the money in the bank piled in a warehouse like Uncle Scrooge's.

Most of the money in the bank is the customer money. If the bank keeps all the money that customers in one place, meaning the money is not productive. In fact, banks should also look for revenue in order to pay interest on savings and deposit that you saved them, right? That is why, the bank then "threw" the majority of the money back to the community in the form of loans (credit).

For example, if you save money USD 10 million in deposits, the bank promised to provide an interest rate of, for example, 13 percent per year. By banks, in fact the money USD 10 million will be "thrown" back into society by way of loan it to those in need (like people who want to start a business or want to purchase any item by credit). Borrowing requirement of return is accompanied by a greater rate than 13%, say 18 percent.

So roughly - the bank will earn Rp 1.8 million (18 per cent rate of USD 10 million), and of that number, amounting to Rp 1.3 million would be used to pay interest on your deposit, the amount of 13 percent. The difference of USD 500 thousand will be the bank profits. Of course, that advantage was to be reduced again with the operational costs of banks such as employee salaries and so forth.

Can you imagine how much money could be lent by the bank when there are thousands of people who save money in the bank? In fact, the bank certainly does not throw 100 percent of the money to its customers in the form of credit. This for every day another community member who took the money in bank deposits. Well, if 100 percent of the customer's money thrown in the form of credit, so if there are customers who want to withdraw money going difficulties. That is why, the bank must have a supply of cash to be always available money for customers who want to attract deposits money in the bank.

Inventories of cash by banks that will spread to all branches and also into ATM machines. Of course numbers are limited. That's why the money at an ATM withdrawals are often limited in number. There is a limit banks in ATM cash withdrawals amounting to Rp 7.5 million in one day, there is also the only Rp 5 million in one day. If you want to withdraw money in amounts larger than that, you have to come directly to the checkout counter at the bank.

Withdrawal of money at the checkout counter at a bank is usually not limited in number (as long as your balance is sufficient). It's just that, because cash-owned banks are usually "limited", then you usually have to tell you (usually the day before) if you want to attract huge amounts. This would allow banks to provide cash first.

Broad range of products CREDIT
So readers, but can keep the money in the bank, you can also BORROWING money in the bank. Because of that, it never hurts when you first meet with the loan products (credit) in the bank. Who knows one day you do need to borrow money from banks that this paper might be increasing your knowledge about it.

Borrow motifs in different communities. There are people who borrow for capital to open businesses. There are also people who borrowed to renovate the house, buy a new car, buy a computer and so forth. The difference is that the motives and make the bank and create a variety of loan products. Each product is made to meet different objectives. Basically, there are three kinds of credit products. Namely:
1. Business Credit
2. Consumption Credit
3. Multipurpose Loan
Business Credit is the credit used to finance the business or the business cycle which can lead to something productive, such as trade, domestic industry, business consulting services, and lainlain. If you have a business that prospects look pretty bright, you can come to the bank and apply for a loan can get money for your business.

Meanwhile, consumption credit is a loan used to buy something consumptive nature, such as buying a house or a private vehicle. Two credit consumption demand is usually enough House Ownership Credit (KPR) and the Vehicle Credit. Of course, because that money will be used by customers for consumptive purposes, the risk for the bank that customers can not pay their loans will be larger so that the general interest rate charged to customers for consumption credit would be greater than the mortgage interest for business purposes.

Besides the two types of this credit, there are Multipurpose Loan. As written in his name, Multipurpose Loan is a loan that can be used for any purpose can be used for consumption or for business. Well, one multi purpose credit products that are often marketed Loans. Collateral is another name of security. Lo, do not borrow money from banks usually have to wear a guarantee?

Yes. In general, if you want to get credit, you have to pledge one of your own property to the bank so if you are not able to repay the loan, the bank will confiscate your property is guaranteed. Surely the value of goods that security must be greater or at least be equal to the value of money you borrow. But on Loans products, you do not have to submit a guarantee to banks Goods. You are only required to have a certain amount of income each month and give some evidence to show that you are really earning the required amount.

Of course, the banks concerned, the risk of default of borrowers will be even greater because the bank has no guarantee of your goods and the bank will also not be used to monitor what their money is lent to you (on the numbers we will discuss the future special about one of the loans without collateral now being heavily marketed in the community).

How? Interested to try to borrow money from the bank? For consumption or for business, perhaps? Hoaaa, not yet. To be able to borrow money, of course, there are some requirements you must meet. In the next number we will discuss what conditions are required by the bank if you want to borrow money from them.