When we talk about online loans we refer to loans that we can access directly from the Internet, without the need to go to the bank or finance company.
You can apply for a loan online in a simple way, without wasting time and without excessive paperwork and bureaucratic procedures, to get the amount you need almost immediately.
There are now so many banks, institutes and financial brokers that offer you the possibility of accessing loans online, with a whole series of advantages that we will illustrate to you in the course of our guide today.
You will find a review that will identify the strengths and weaknesses of these systems and also more strictly procedural questions: how to apply for loans online? Are there formulas for bad payers, for those who have not guaranteed, for those who are protested or do not have a permanent job?
What are the differences between online loans and classic/traditional loans?
The Internet has had the great merit of opening up the market for loans to everyone, making it at the same time more immediate and faster , less expensive and with the possibility of immediately comparing practically all the present offers, to identify those that offer the cheapest interest rate. and the method of return in installments more suited to our needs.
The differences between online and traditional loans are different:
- online loans are cheaper : competition between banks is more fierce and therefore the conditions, costs and interest rates required are more competitive, for the exclusive benefit of the consumer, that is yours;
- online loans are faster : in the case of small loans, 24/48 hours are sufficient to obtain the loan we need; in all other cases the times are however much more limited than those required by the traditional loan;
- Online loans are more practical : because the procedures are faster and above all because you can carry them out directly from your computer, without having to necessarily go to the branch. A considerable savings in terms of time and hassles that you should definitely not ignore when you need liquidity.
On balance, online lending has only advantages over traditional lending.
How to find the best loan online for your needs
Let’s get more specific and find the best ways to choose the online loan that’s right for you. The two fundamental values you will need to consider are the following:
- TAN: which stands for Nominal Annual Rate – indicates the effective interest that we are going to pay, on an annual basis, on our loan; however, this is not the most important value you will need to check;
- APR: is the synthetic index of costs, or in percentage how much you will spend for the loan, including interests. It is the true greatness that you will have to compare to find the best loan online for you.
In order to find the cheapest loan, you will have to compare the APR between the various loans offered by banks and finance companies. With online loans, you can instantly compare hundreds of offers , so that you have a precise and accurate picture in just a few seconds.
This is one of the other advantages of online loans that we encourage you to consider for your choice and your needs.
How to apply for a loan online
Once you have used the comparator you can click on BUTTON and wait for the reply from the bank or financial institution. You will need to fill out a form, in which you will enter the information requested on your account.
The banks generally respond within a few hours, allowing you, in the event of a positive outcome, to obtain the sum you need less than 2 days.
The data requested are the following:
- Identity document;
- Fiscal Code;
- Information on income.
Banks also allow you to monitor approval minute by minute through their sites.
Requesting a loan online is a very simple procedure, and infinitely faster and more agile than those required by traditional banks.
Are there online loans for bad payers?
It is worth mentioning that the online loans sector operates according to the same rules as the traditional one, in the branch.
If you are a bad payer, you may therefore have trouble getting a loan, whether online or not, because for the banks you will be less reliable and fundamentally a more risky customer than those who are not bad payers.
It is not impossible: in fact, under certain conditions, you will be able to get an online loan even if you are a bad payer.
The sale of the fifth for bad payers
The most interesting mode (and the one that most frequently works) is the assignment of the fifth . Even if you are a bad payer, you can access loans online and not with a system that allows the bank to retain 20% directly from your pension or salary.
This type of loan is offered by virtually every bank, and you can also subscribe online, and above all even if you are a bad payer or you are protested .
Loans for protested
The same speech just made applies to those who are protested and obviously have difficulty accessing loans online and not. You can access credit by taking advantage of the salary or pension transfer system.
Online loans without a permanent job
Online you can also get loans if you don’t have a permanent job. In this case it is essential to analyze the duration of the online loan that we are going to request.
In the event that the duration of the loan should be less than that of the fixed-term contract, the banks should in no way make any stories or problems.
You can access online loans for fixed-term workers, including by comparator and by choosing between convenient loan methods, with interest rates and low fees.
Is it worthwhile to make a loan online?
Today the online loan is the best way to get the liquidity you need to get started, to close an old debt or maybe to set up on your own.
You have extraordinary possibilities at your disposal, with rates and expenses up to 70% lower than those offered by non-online banks.