Tip 1: How to apply for a loan online

Finance

Tip 1: How to apply for a loan online

The procedure for issuing credit for personal use inthe bank in recent years is becoming less popular. In the course of time, dynamically developing banks began to offer customers a loan, without leaving home or directly at the workplace. This is the so-called online lending.

Today there is often a need to urgently takenot a very large sum of money. But in fact every person works, and to get a loan, you usually need to appear in the bank personally. The way out in this situation is to get an online loan. Almost all banks offer online lending services that will allow you to spend a minimum of personal time and achieve the desired result.

Search for online lending offers

In order to choose the least expensive loanit is necessary to make a comparative description of the proposals of banks in this direction. This is not always convenient and it takes time, especially since there are a lot of banks today. You can choose those that are regularly heard thanks to the advertising and reviews of friends. Or use the websites of intermediaries, through which your application for a loan can reach several banks at once. On such sites, as a rule, the conditions of lending to these banks are simultaneously visible. This greatly simplifies the choice of the right bank with the most favorable credit conditions.

Procedure for online lending

The site of the selected bank must be filled inThe questionnaire of the potential client, in which the surname, name, patronymic name is indicated. Fill in data on work, position and income level. Choose the type of loan of interest and always specify the mobile and home phone. After that, the request will be sent to the bank and after a while the responsible manager will contact to fill out the extended questionnaire and process it. To fill out the questionnaire electronically on the site, you must fill out clearly all the fields, not missing anything. This is important for qualitative processing of a potential borrower by bank managers. Most often, such loans are issued on a credit card for greater customer convenience. After the approval of the loan, you can do two things: take the credit card in person at the bank or ask to be sent by mail to the house. Now most often prefer the second option, then there is no need to contact the bank. Together with the card, its PIN-code, tariff package, contract and preliminary payment schedule are sent.

Advantages and disadvantages of online lending

The undoubted advantage of such credit cards isthat interest is in most cases accrued after all or a partial amount of the available limit has been withdrawn. Almost all banks set a so-called grace period of about 50 days. This period allows you not to pay interest at all, if you withdraw and return the entire amount during these days. The downside is the small amount of the loan for today, since credit cards are risky products. The bank can set a high monthly commission, a percentage for cash withdrawal or a penalty for early repayment at a very low annual rate. Therefore, choosing the conditions, you should carefully study the entire credit plan, in order not to choose not the first look very cheap, but in the end the most expensive loan.

Tip 2: How to apply for a loan without visiting a bank?

A loan without visiting a bank is a service thatsaves not only time, but money. To date, many Russian banks are trying to improve their customer service and the quality of the services provided, while making this service more pleasant, convenient and effective for their potential customers.

One of many such improvements isthe introduction by many Russian banks of online applications for the issuance of a certain type of loan. This innovation is considered unique also because it allows customers and borrowers to issue any type of loan without leaving home and sitting in front of a computer on the Internet. Online application is a form of a loan application on the Internet on the main site of the bank, having pre-issued and sent it on the address specified on the site, the potential client or the borrower who is already an early client can without collecting financial and confirming documents, checking the credit history and guarantors to apply for the desired amount. In this case, it is necessary to take into account the human factor. That is, applications submitted directly to offices are sent to a certain committee or body of the bank for subsequent verification of documents provided by the borrower, as well as solvency and credit history in other banks. Fulfillment of all these conditions can take some time, therefore consideration of such applications in banks is often time-consuming. Completed online applications are sent basically automatically to the application database of a certain branch of the Bank, where they are processed by various banking programs and within approximately 1 hour the program gives approval or refusal to this client. If the program approves the loan to the client, then the Bank is obliged to give this amount to the client within a certain period. However, such application forms have drawbacks. When submitting such an application, one should keep in mind that many banks in official documents regulating their activities have a record that the Bank has the right not to explain the reasons for refusing a certain loan application. That is, if a client who has already received loans has sufficient income for subsequent payments and a positive credit history, the program fails to receive the next loan application, then the Bank has the right to refuse the client without explaining the reasons. Thus, it can be said that online The loan application is still a positive improvement for both banks and customers. In this case, banks benefit from the fact that the consideration of applications occurs automatically, bypassing the human factor and long terms of consideration, which directly affects the positive attitude of customers to the Bank, and it is convenient for clients that they can not apply for a certain type of loan product without collecting a package documents, and that you can get the desired loan amount without visiting the offices and bypassing the queue.

Tip 3: How to get a loan on a loan exchange?

Thanks to the rapid development of computertechnologies to take advantage of credit services it became possible and on open spaces of a global network. Each Russian bank has a website where you can fill out an application for a cash loan or issue a credit card online. Many payment systems, working on the Internet, enable their clients to borrow a certain amount. But, despite the abundance of lenders, organizations such as loan exchanges still appear in the global network.

What is a loan exchange?

Loan exchanges are an Internet platform where different citizens come together to find lenders or borrowers. The process of issuing loans on these exchanges is organized at a high level.

To get a loan on the loan market, the borrowerin the same way as when registering a loan with a bank, it must provide complete information about its personal data, place of work, income level, etc. The list of documents required to obtain a loan on the Internet exchange, not unlike the bank list. All documents must be scanned and sent to the creditor who is willing to lend you a certain amount. Some creditors can additionally request a certificate of 2-NDFL, a driver's license, a passport and an extract from the credit history.

How to apply for a lucrative loan on the exchange?

The credit Internet-exchange is, of course, not a bank,which means that there can be no strict requirements to the borrower and his documents, but the borrower should be himself interested in creditors trusting him. The level of trust is reflected in the rating of a potential borrower. The higher your credit rating, the lower the interest rate. The minimum interest rate, under which you can take out a loan on the exchange of loans, starts at 15%, and those borrowers who do not want to provide additional documents can receive a loan of 100% or more.

After the creditor and the borrower agree on thethe amount of the loan, the terms of its repayment, the interest rate and the term of the loan, a contract is concluded between the participants in the credit transaction. After signing a bilateral agreement, the lender transfers funds to the borrower's account.

The exchange of credits in the near future can becomean excellent alternative to bank lending, especially since the requirements for borrowers from Internet lenders are somewhat "softer" than the demands that bankers make on their clients.

The disadvantage of this type of lending isa fairly large amount of overpayment and a high risk of Internet fraud (personal data of the borrower and money can be stolen before they reach the recipient).