Induce at week 39?

Hi fellow mommies, I am a sub patient at KKH currently week 37+2, and will be going for weekly checkups starting from this Tuesday. Doctor has asked me to consider about inducing at week 39 on my check up two weeks ago. Is this common? Even though everything is all good in my pregnancy? Personally I do not mind inducing earlier at week 39. But am wondering, what are the pros and cons if any. I will like to go for a natural birth too. Will inducing increase or decrease chances of a natural birth?