FinTech refers to easy-to-use technology provide financial services include give its users loan a sum of money. And, it seems grow to a large extent recently then became some kind like fresh air for those who need easy money.

There is no wrong if you use FinTech and spend (money) wisely for your needs. Comparing to loan from bank, FinTech is way more easy and fast. It doesn’t mean there is no consequences.

If you are agree to use FinTech, you give other parties to access your personal data include e-mail, identity card, contacts and other confidential information on your phone. Therefore, it is highly recommended to choose registered FinTech by Financial Services Authority (OJK).

If the FinTech already registered in OJK, they won’t give you more than 30% interest (of loan). It also has security systems include verification, blocking account and so forth and make sure safety of their users.

Before downloading any FinTech, make sure you read all the terms and conditions and understand each point. A lot of illegal FinTech offering tempting bonus or give large limits and it’s important to not get hooked on those things. Also pay attention to their requests for accessing your data. If there any suspicious requests, better to choose trusted ones.