The thing that is feared in borrowing money in conventional financial institutions for Muslims is usury. Usury is a situation of borrowing money that has a loan interest or excessive payment determined by a certain financial institution unilaterally. Loans with these systems are not allowed in Islam. The solution, we can look for loan money without usury.
Starting the development of Islamic financial institutions is one solution so that we can borrow money calmly without being exposed to usury. Loans with the sharia system are quite profitable because we will not be charged interest. What is in the money lending contract is a mutual agreement regarding the time of loan repayment. If there is an addition, the addition is not determined unilaterally but, with mutual agreement so that it is not burdensome and is sincere in doing so.
Islamic loans have several advantages. For those of you who make this type of loan, you will be facilitated by the many benefits provided. The advantages that you will get by making a loan without usury are as follows.
Free from flowers
You will get an interest-free loan if you use a loan that does not involve usury. This is because loans without usury will not pressure us with high interest that is decided unilaterally. You can also make loans calmly without burdening.
Free of administrative fees
Making a loan without usury will allow you to make loans easily without any administrative costs. Very profitable right?
The types of loans also vary
Not only institutions that use interest that provide various loan products, loans without usury also have many loan products offered. Options offered are usually grouped into two major groups, namely business loans or loans that can be developed, as well as consumptive loans or loans that do not develop. You can choose the type of loan according to what you need.
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Borrowing interest-free money can be a loan solution without usury. Well, for those of you who are looking for credit without usury, there are some things that you need to pay attention to. This is so that you can choose the right place to borrow. The things that you must consider include the following.
The amount of money you want to borrow
The first thing you should consider is how much money you will borrow. Human needs are endless, so, we need to measure the loan amount not only based on needs, but also based on the ability to pay. Don’t let you borrow money in installments beyond your ability. This certainly will be very detrimental.
The type of loan to be made
The second thing you should pay attention to is the type of loan you want. It’s best if you avoid loans that are consumptive. This is because lending money to consumer goods will not make your loan money grow. It is better to borrow money according to the need to be used as a productive loan. For example, for business capital. This will make your business grow and can meet your needs.
Mrs. Jellyby.id can be your solution in borrowing money that does not use the usury method. This online money lending system has many loan products without building that you can adjust to your needs. Don’t forget to consider your reasons for borrowing money so that you don’t make the wrong decision to borrow money without usury.