When it comes to taking out a loan, consumers have no longer had to go to a branch of their house bank. The loan can be taken out through one of the many online direct banks. Many credit institutions are thus taking into account the fact that countless everyday businesses, including credit business, have been transferred to the Internet.
Advantages of online loans
Applying for a loan online offers the consumer a number of advantages. On the one hand, he can make his application conveniently from home. It is therefore not necessary to make an appointment. There is also interest, which is sometimes much lower through an online bank. By eliminating extensive advice, the bank can save on personnel costs, which are largely passed on to customers in the form of low interest rates.
In this context, many banks do not charge a processing fee. Applying for the loan online also means not being bound by the bank’s opening hours. In this way, the application can be made in the late evening, and the necessary documents can be easily attached. Often the consumer is immediately informed whether the loan application can be accepted or rejected.
Applying for a loan online also speaks for the fact that the loan amount is often paid out within a few days, sometimes even on the same day. Furthermore, the consumer does not depend on a particular bank. Using many comparison calculators, the loan seeker can find the cheapest loan and at the same time apply for the loan online.
Not only the interest conditions but also the service content can be easily compared. If the consumer goes online to search for credit, he can also do so legally with a clear conscience. After all, the customer has the same rights regardless of the bank. In some cases, this even goes so far as to give prospective borrowers a longer right to return. Finally, the Federal Financial Services Authority (BaFin) monitors the lending business.
The customer can apply for the loan online through a direct bank. With a term of up to 36 months, a small loan in the amount of USD 3,000 is available from Fine Bank at an effective annual interest rate of less than 3%. If loan terms of up to 84 months or loan amounts of up to USD 50,000 are desired, the loan can be taken out with a good credit rating via Infra Bank at an annual effective interest rate of 4.29%.
The credit broker onlinekredit.de offers loan amounts of up to USD 100,000. The bank grants this loan from an effective interest rate of 4.35%. Easy Credit and Credit Plus Bank charge an interest surcharge for loans with terms between 7 and 10 years, which means that an effective interest rate of 5.99% can be agreed in the best case.
You can also apply for a loan online via a credit exchange such as Spin Lender and Across Lender. The consumer can freely determine the loan amount and interest rate. However, there must be a lender who is willing to lend his money on the proposed terms. The loans are granted by investors who agree to invest in the borrower’s project. The credit exchanges bring the credit partners together as a platform. Applying for a loan online via insurance companies is also conceivable. For example, the Ergo promises civil servants and civil servants an official loan.