Going with the times, we have more and more opportunities related to using the Internet. Thanks to this, we can do a lot of activities online, completely without moving from your home. You can also include taking credit via the Internet. It turns out that both banks and non-banking bank branches offer such solutions. Especially in the era of the development of online and mobile banking. In both cases an application should be submitted. However, the conditions for granting credit online in a traditional bank and in a loan company will differ significantly from each other.
Online loan at the bank
More and more banks are meeting their clients and offering them convenient solutions proposed via the Internet. Thanks to this, they do not really have to leave the house to make an appointment with a consultant. All you have to do is submit an application on the website to receive an online cash loan. It seems simple? Indeed, in theory, it may seem very simple. However, the practice shows that it happens with this differently.
First of all, to get an online loan from a traditional bank, you must meet several key conditions. A customer interested in this banking product must have a personal account at that outlet. Therefore, if we are interested in an attractive loan in a bank we do not belong to, then remember about the need to set up an account. Unfortunately, for many people, it can be quite an inconvenience, and often also an additional financial burden. In the end, we set up this account, not to collect money on it, but to gain access to credit. And if your account does not have any financial liquidity, then you will usually be charged for its running.
Another condition that is required by the bank is the minimum creditworthiness. Without her, there is no question of any loan at all. The bank must be sure that its client has a fixed income, for example, under a contract of employment or business. Let’s not forget about the fact that the bank’s employees, in response to a potential borrower’s request, must also check carefully whether his name is on the list of debtors in the Credit Information Bureau. In the case of various unsettled debts, the answer to the request is unfortunately negative.
Online loan in loan companies
Here the procedure of taking credit online looks completely different. First of all, the client has to deal with a lot less formalities. A simple form to be completed can be found on the loan company’s website. You should write your data in it and attach an ID scanned in the attachment. In this way, different calculations of creditworthiness are avoided, as well as lustration in the Credit Information Bureau. Most often the answer appears after several minutes, and it has a positive character for the applicant.