One of the main reasons people hesitate to take out a bank loan is the requirement to provide collateral, such as a vehicle registration certificate (BPKB) or a house deed. However, not all young people own a vehicle, let alone have a house certificate.

Although Unsecured Loans (KTA) are now available, where no collateral is required, the challenges do not end there. There are still other requirements that make many people worried—such as the fear of their loan application being rejected. One of these requirements is a credit card.

Do You Need a Credit Card to Apply for a KTA Loan?

Some banks do require a credit card as a prerequisite for applying for a KTA loan. A credit card serves as a reference to assess a borrower’s financial credibility and credit history.

Lenders want to ensure they are lending money to reliable borrowers to avoid risks like defaults or borrowers disappearing without repaying their loans.

However, obtaining a credit card itself requires a time-consuming process. Millennials, known for their preference for convenience and instant solutions, tend to avoid lengthy processes—especially when they urgently need cash.

So, should you give up on getting a loan? Of course not! This does not mean you cannot apply for a KTA loan at all. Nowadays, there are fast-process unsecured loans without a credit card, offering easy access to financing with multiple benefits.

Read: Is It Okay to Buy Your Dream Gadget with a Loan?

How to Apply for a KTA Loan?

The process and requirements for applying for a bank KTA loan without a credit card are essentially the same as a regular KTA application. The only difference is that you don’t need to have a credit card. This makes it a great option for fresh graduates who have just started working or freelancers looking for a quick unsecured loan.

Here’s a list of the basic requirements:

1.Minimum age: 21 years
2. Maximum repayment age: 55 years
3. Required documents:

• National ID (KTP)
• Taxpayer Identification Number (NPWP)
• Salary slip
• Bank account statement
• Employment social security (BPJS Ketenagakerjaan)
• Stable cash flow
• Fixed monthly income
   

Besides preparing these requirements, here are a few important things to consider before applying for a KTA loan without a credit card:

1. Even without a credit card, banks will still assess your financial records by checking your bank transactions. If you apply for an online loan, lenders will review your credit history through SLIK (Financial Information Service System) or BI Checking.
2. All credit-related data is recorded in this system. Make sure your credit history is clean—avoid late payments or defaulting. Poor credit history will make it harder for you to get an unsecured KTA loan in the future.
3. The interest rates for KTA loans without a credit card are generally higher than regular loans. Always check the monthly interest rate and ensure it aligns with your ability to repay. You can use a loan simulation to calculate the estimated monthly installments plus interest based on the available loan tenors.
4. Your monthly income should be at least IDR 4 million. The recommended debt-to-income ratio is a maximum of 30% of your salary. If you earn IDR 4 million per month, the ideal installment amount should not exceed IDR 1.2 million.

Read: Need a Loan Without a Credit Card? Neo Loan is the Solution

How to Get Your KTA Loan Approved

To ensure your KTA loan application is approved, follow these steps:

1. Meet the age requirement
   Each bank has its own age restrictions for loan applicants, so make sure you qualify.
2. Prepare complete documents
   Besides your ID card (KTP), you may also need to submit other documents like NPWP, bank statements, credit card records, employment certificate, and salary slips.
3. Match your loan amount to your income
   Your income level affects your loan limit. If you request a large loan but have a low salary, the bank might doubt your ability to repay.
4. Maintain a good credit history
   If you have previously taken out a KTA loan, check if you have a clean repayment record—no overdue payments and consistent, timely repayments. A good credit history will increase your chances of getting future loans.
5. Provide accurate information
   Never lie about your salary, address, or past loan history. Banks store and review your borrowing history and can easily verify details through BI Checking or SLIK.

Start preparing your documents now. Usually, KTA is applied for large purposes, such as buying a house. While for small-scale purposes such as buying a cellphone, vacation, or daily needs, you can apply for an online loan. You can apply for an online loan without a credit card at neobank. With just an ID card, fresh funds can be disbursed to your account.

For first-time borrowers, the initial loan limit is usually lower. However, as you build a good repayment record, your loan limit can increase over time—as long as you make timely payments and avoid defaults.

Download neobank on  PlayStore or App Store now!

For complete information and terms & conditions regarding Neo Loan, visit the link https://s.id/webneoloan & if you want to apply for Neo Loan, click the link https://s.id/neoloan

***

PT Bank Neo Commerce Tbk is licensed and supervised by the Indonesia Financial Service Authority (OJK) and Bank Indonesia (BI), and an insured member of Deposit Insurance Corporation (LPS).