Poles are happy to borrow money as part of non-bank loans. It’s a very convenient way for quick access to cash, which we spend on sudden expenses. Such as repairing a car, renovating an apartment or taking advantage of exceptional price opportunities, such as last-minute trips. Online and traditional loans are available to clients – granted stationary at a branch of a loan institution. What is the difference between the processes of obtaining both types of loans?
The specificity of online loans
Online loans are characterized by the ability to get cash without leaving your home. To do this, you must register on the lending institution’s website. Then go through the loan application process by completing a special form. It obviously contains our personal data, but also basic information on income and expenses. Access to the loan via the Internet is available to people who, according to the institution, will be able to repay it.
How does the cash get to the customer? If the decision to grant a loan via the Internet is positive, you should usually make a verification transfer of one penny to the indicated account to confirm your identity. The lending company also asks its client to send an ID card scan. If everything is correct, nothing prevents the cash from being sent to the customer’s bank account.
How does a stationary loan work?
The stationary loan works in a very similar way to loans via the Internet, but in this case the whole process takes place “live” at the company’s headquarters. In this case, the customer also completes the form, but this is done with the participation and support of a financial advisor, who can additionally offer his help in choosing favorable conditions.
If the decision to grant a loan is positive, the customer, as in the case of an online loan, does not have to wait long for access to cash. This goes to him after presenting his identity card and signing the contract with the lender. When carrying out all formalities in a branch of a loan company, the borrower can at any time ask about any provision in the contract, repayment terms and get, in case of doubt, an unambiguous answer.
Internet and fixed-line loans – the most important differences from the customer’s point of view
It is difficult to indicate the clear differences between loans granted via the Internet and those granted on a fixed basis. Favorable repayment conditions depend not on the method of applying for cash, but on the conditions offered by the lender. People who, for various reasons, do not have time to visit a branch of a loan company will be happy to choose online loans. However, if there is such a possibility, because such a branch exists in the customer’s place of residence, it is worth going to the loan in person to discuss it thoroughly and use the support of a financial adviser.