In the past few years, KTA has seen a significant increase in demand, especially among In the past few years, KTA has seen a significant increase in demand, especially among individuals who need cash without having to submit assets as collateral. In contrast, Secured Loans are usually used for larger needs, such as home or vehicle purchases, with property or other assets as collateral.

The main advantage of KTA is its ease of processing and flexibility in use. However, the loan ceiling and tenor are usually smaller compared to Multipurpose Loans (Loans with Collateral).

Differences between Unsecured Loans and Multipurpose Loans

There are several differences between these two loan products in terms of advantages and disadvantages. The following details are the basis for the difference between an KTA and a Multipurpose Loan:

• KTA

  Advantages:

  1. No asset required as collateral.
  2. The approval process is relatively faster.
  3. Can be used for various needs with consumptive purposes, such as purchasing electronics, education, or travelling

  Disadvantages:

  1. Higher interest rate compared to KDA.
  2. Lower loan limit.



• Multipurpose Loan

Advantages:

1. Lower interest rate due to asset collateral.
2. Larger loan limit and longer tenor.

Disadvantages:

1. The application process is more complicated as it involves asset valuation.
2. In case of default, the collateral assets may be seized.

Tips to Make KTA Applications Easier to Approve

There are several things you need to consider to increase your chances of approval. With the right preparation and understanding of the process, you can speed up your application and ensure that your application is approved by the bank.

Applying for a KTA may seem simple, but there are some things you need to consider to increase your chances of approval. Here are the tips for applying for KTA:

1. Have a Fixed Income

   Regular income is one of the main indicators seen by the bank. Make sure you have proof of income, such as pay slips or income statements if you work independently.

Additional tips:

• If possible, add additional income information to show a better ability to pay.

2. Good Credit Reputation

   Before applying for a KTA, make sure you have a good credit reputation. This includes records of credit card payments, previous loans, or vehicle loans.

How to improve your credit reputation:

• Pay all bills on time.

• Avoid missing even a few days of payment.

• Pay off any outstanding small loans.

3. Reduce Debt Borrowing

   Banks usually evaluate the Debt-to-Income Ratio, which is the ratio between your monthly income and the current loan amount. If this ratio is too high, the chances of your KTA application being approved will be lower.

Solution:

• Pay off small loans before applying for a KTA.

• Avoid applying for multiple loans at once.

4. Ensure Valid Identification Documents

   Documents such as KTP, NPWP, and salary slip are the main requirements in applying for KTA. Make sure all documents are complete and valid before applying.

5. Vary Your Credit Types

   Having a diverse credit portfolio, such as credit cards, vehicle loans, or electronic instalments, can show your ability to manage your finances well. This can increase your chances of KTA approval.

Maybank KTA Application Can Be Done Online

Maybank KTA application is easier and more practical by doing it online without the need to come directly to the bank. Maybank Indonesia is one of the banks that provides KTA applications online through the official Maybank Indonesia website. This process provides convenience for customers, especially those with busy schedules. You can see complete information on applying for Maybank KTA online through the website on this page.

Let's find a solution to meet your needs by applying for Maybank KTA. Apply for KTA now and enjoy competitive interest rates and easy requirements.