Do you know Good Credit? This is a new player allowing you to compare the rates charged by banking organizations. Union loan went to meet them. Interview with Julien Lecron, founder

Why did you launch this comparator in a particularly competitive environment?

After analyzing the existing offer

bank

I found that most of the comparators did not give access to the actual credit rate and that their ranking was rather qualitative. I spent more than 10 years in the credit business, either at Finaref or Sofinco and I can tell you that in the end, for the customer it’s very simple, he expects 2 things from a credit:

  • that his loan is accepted
  • pay the lowest possible price: get the best rate

So I created Good Credit which is the only comparator to meet these two objectives: to obtain the ranking of the best rates and to obtain an answer of principle of the organisms for these best rates.

I know that Good Credit offers the best offer, there is more than to let everyone know.

What promise do you make to your visitors?

What promise do you make to your visitors?

At Good Credit we compare the rates transparently. They are therefore sure to find what is best in the online credit market. For those who wonder why we do not have the banks in our comparison, it’s simple. Banks are not able to properly assess the risk when they do not already know the customer for a long time. And when they know you, they charge attractive rates if you are a good customer.
The service we would offer would therefore be promotional, which is contrary to our values.

But if you think that your bank can make you a good rate, then prepare your negotiation: Get the best rate on the web thanks to Good Credit and put this proposal under the nose of your banker. If it’s better for everyone else, otherwise it’s that you already have the best deal in your hands and ask questions about your banker … Moreover for the disappointed in search of cheap bankers, we come to launch Good Savings!

What is your business model?

What is your business model?

It is very simple, the net surfers who look for a cheap credit deposits an application on our site. We seek for them the organization that is ready to accept them at the best rate. For this service, everything is free for the customer. We are paid by the cheapest credit agency which is very happy to be offered a customer interested in its rate. And we encourage them to continue to offer low rates if they want to continue sending them customers.

What are your relationships with credit agencies?

We must not hide our face, we are very small next to them but I think we will gain increasing importance. For having been on the other side of the barrier, credit agencies are developing more and more their know-how in terms of customer risk assessment and face enormous regulatory constraints. They can not be on all fronts. So I think that in terms of customer relationship, they will increasingly need agile partners who bring a particular service to the customer, at Good Credit, it is the lowest rate.
It’s a virtuous circle, the more the credit organizations control their risk, the lower they can offer, the lower the rates they offer, the more we bring them customers, and the more we bring low rates to our customers the more they are satisfied.

For small cash requirements banks often grant an overdraft authorization, the amount of which depends on the financial position of the account holder. According to the statistics one third of the French are exposed at least once a month.

Overdraft authorization is a simple and quick solution if you need a daily cash flow.

Overdraft authorization is a simple and quick solution if you need a daily cash flow.

This authorization may be limited in time or granted for an indefinite period. However, the discovery situation may be authorized for a period of up to 3 months according to the Lagarde law.

At the end of this period the sums due must be repaid. Otherwise, the debtor can subscribe to a consumer credit. It should be known that in exchange for this possibility to pass the balance of the account to the negative the banks collect agios. These include interest, fees and commissions related to the transaction. They can be fixed or proportional lump sum, calculated according to the duration and the amount.

For information, the interest rate of an overdraft can vary from 8 to 16% depending on the bank. If the authorized amount is exceeded, the rate goes up. However, the bank can refuse the overrun and charge penalties. In this respect one must be cautious since the significant bank overdraft is considered as a payment incident which can lead to registration. Authorized overdraft can be very expensive in the long run.

Revolving credit

Revolving credit

The revolving or revolving credit is a reserve of money available at any time without having to justify expenses. Namely, the money can be unlocked very quickly, from 24 to 48 hours after the subscription of the contract. Moreover, it is quite easy to obtain a revolving credit. As its name indicates, this type of credit is reconstituted as and when repayment while interest apply only on the amount actually used. So, it is possible to repay the revolving credit in whole or in part.

It should be known that this loan is almost not depreciable and the APR can be revised in time. Often associated with a credit card, this type of loan is usually offered at a fairly high revisable interest rate which must however be lower than the rate of wear. Note, you can subscribe a revolving credit not only from a bank or a credit organization. It is often offered by supermarkets and others to facilitate the use of this reserve of money to pay for its purchases. This is usually an enhanced loyalty card from a store. So, it is a financing that offers borrowers a great deal of flexibility but is at the same time considered dangerous. In fact, he is involved in many cases of over-indebtedness. In theory, the maximum amount of revolving credit amounts to 75,000 euros. In fact, most often it is used to finance projects of less than 5000 euros.

Depreciable loan

Depreciable loan

Affected or unallocated personal loans are another way to finance your current needs. When subscribing to an assigned credit you must submit purchase-use vouchers. This credit allows you to benefit from attractive guarantees in the case of a well-defined project (the purchase of household appliances, furniture, etc.). In fact, if the purchase is not finalized or is not delivered the loan is automatically canceled. Yet it is quite possible to take out an unallocated loan but with a higher rate. However, it is a less expensive formula than an authorized discovery or a revolving credit to control its current expenses.

The amount of the personal credits is between 1000 and 75 000 euros repayable over a period of 12 to 120 months. For information, the average rate applicable to small loans (up to 4999 euros) on short terms (from 12 to 36 months) hovers around 8%. However, some borrower profiles can negotiate the best rates that range from 1 to 3%. So, it should be mentioned that the personal loan proves to be a less risky solution since it is a depreciable credit whose rate is set upon subscription of the contract.

Mini Credit

Credit mini

Currently, many lenders offer mini credits, especially for the financing of small projects. These are short-term credits with which you can get the money quickly in 24 hours. This type of credit is available even to profiles that fail to obtain conventional financing (young people, students, employees in fixed-term contracts, etc.). It is a real alternative to bank overdrafts and revolving credits when its interest rate is generally more attractive. As a rule, this range of credit allows you to borrow up to 3000 euros. For example, we can borrow 3000 euros over 48 months at a rate of 8.49%.

 

How to apply for an urgent online credit of 300 euros

How to apply for an urgent online credit of 300 euros

The companies that lend urgent credit online for 300 euros without paperwork in the short term, are focused on helping their clients to meet specific solvency needs. These mini-loans in the act have been created as an emergency measure to get quick money in the face of extraordinary expenses, punctual or more than expected: electricity bills, car arrangements, sudden purchases, letter at a time when we can be discovered in our bank account. The duration of these urgent online credits of 300 euros without paperwork is 15 days to one month, so if in this month you need it, you can return it to the next. Without further complications, without flooded contracts of small print, clauses or commissions, without paperwork, usually with little more than just the ID.

At no time is it a long term solution. It is a financial credit product very limited in its amount and duration (we, up to € 300 to be returned in 30 days maximum); It is characterized by the very rapid availability of urgent credit online by the applicant for cash. We tend to think that our clients assume our loan granting service as one of the formulas to obtain urgent money and that they will count on us when it is needed on time. They need money and we lend it to them, simple and with absolute transparency, without extra paperwork.

Keep in mind before requesting your urgent online credit of 300 euros without paperwork

Keep in mind before requesting your urgent online credit of 300 euros without paperwork

Keep in mind that in order to continue requesting online mini-credits of 300 euros you must make the repayment of the online loan indicating in the concept your customer number that will be provided by one of our agents and / or the DNI, without these data we will not be able to identify the operation in question and the fast loan will remain pending payment. Once the credit refund has been identified and accounted for in our internal systems, you will receive a message and an email indicating that you are already in a position to be able to request a new easy urgent credit on our platform.

Consequences of non-payment of your credit online

Consequences of non-payment of your credit online

If you cannot get to pay the credit in the agreed time you can request an extension or postponement, and even if you are unable to pay the credit you can take legal actions that can end with the inclusion in lists of delinquents such as Financial Credit Institutions or FCI.

Compared to the previous year, the number of clients seeking payday loans increased by approximately one fifth. We looked at what could cause the borrowing rate to increase and we also show which credit institution offers the cheapest payday loan.

As a result of the ongoing decline in the central bank base rate, interest rates on loans also declined, and this process had an incentive effect on borrowing. Looking at changes over the past year, we can see that the MNB base rate has fallen from 3.60% to 2.10% since October 1 last year. This change has also been followed by credit institutions, allowing customers to obtain a payday loan at a cheaper rate than a year ago. Wisemoney had the largest interest rate cut, with a 4.65% decline in payday loan interest rates, but also a significant 4% decrease at CIB.

However, with lower interest rates, you should carefully consider whether it really is so important to borrow money that you might have to pay back the price of a super LED TV, a dream trip, or a grand wedding for years. If we look at the monthly repayment for one million forints, we see that for a two-year maturity, we have to pay in monthly installments around 50 thousand forints. And if you want a lower monthly repayment, you can get it with a longer maturity, but with a maturity of five years, for example, the amount you repay is about one and a half times the amount of the loan taken.

Do I need what to do?

Do I need what to do?

If you have decided that you need a payday loan, you may want to look at our calculator to see where the best interest rates are right now. The most favorable payday loan at present is the Richmen loan , which is available from HUF 800,000 to a maximum of HUF 2 million. If you take one million HUF for five years, the interest is 16.66%, the monthly repayment is 24669 HUF, and the repayable amount is a total of 1,480,125 HUF. back pay. To apply for a low-cost loan, your monthly income must be at least $ 50,000. It is important to know that Cofidis credit can only be applied for over the internet or over the phone, as they do not have an account network.

If you do not have internet access or would prefer to arrange a loan in person at a bank branch, look at the bank offerings. At CIB, a payday loan of one million forints with a maturity of five years can be obtained with an interest rate of 17.99%, provided that we obtain an A rating. Applying for CIB is $ 85,000 a month in net income, but it’s important to know that up to ten times our monthly income can be claimed as a loan. At most banks, we find different offers according to the customer rating; if we have a higher verifiable income, we are considered to be a better quality customer, so we can get a better interest rate on the loan.

What else can I choose?

What else can I choose?

Let’s see some more interesting things about banks payday loan offers. Wisemoney Bank also applies the rule that up to 10 times the monthly net income can be claimed as a payday loan. Wisemoney guarantees that the loan will be disbursed within 1 hour of the conclusion of the contract. If the commitment is not fulfilled, the bank will issue a gift voucher of HUF 10,000.

To apply for a payday loan, Switchbank requires a monthly net income of HUF 125,000, which can be used to raise one million forints for five years at a rate of 16.99%. We also have the option to raise more than HUF 3 million, but in this case we need at least 300 thousand income, and only such special loans can be taken out with such special loan conditions.

At Raizen Bank, you can get a 1% interest discount on payday loan products by accepting activity terms. However, if we do not meet these conditions, that is, we will not receive at least the minimum wage in our bank account and at least four transactions in our account will not be completed, then a monthly fee of HUF 500-500 will be charged, depending on the loan amount. If you need a lower credit of between $ 2-600,000, Raizen can receive your Quick Charge within 48 hours if all required documents are properly submitted.

 

Offer payday loans specifically for home renovation

Offer personal loans specifically for home renovation

These special purpose loan products can be obtained on better terms than payday loans that can be used for any purpose, but as a condition of the reduced interest rate, we must prove by bills that the loan amount has been used for home improvement.

There are only days left in the fall, and festive promotions have been flooding us for weeks. Ahead of December, Black Friday is the culmination of fall shopping, with all stores blasting their promotions, which is why many are buying gifts during this time. You can catch some really good discounts, but you probably won’t have to go far in December if you look for promotional items.

Festive discounts are a great way to get the product you would need anyway, because at the end of the year we can get it cheaper now, like a new washing machine or a kitchen appliance. Pre-holiday bulk shopping is best funded from your own pocket, but unfortunately this is not always the case.

If you were to use external financial help during this period

If you were to use external financial help during this period

You might want to look at what the banks are offering. Nowadays, we can apply for a personal loan on more favorable terms than a few years ago, due to the low interest rate environment and competition between banks.

However, it is important to look at the terms and conditions and compare offers from several banks before entering into any contract. We looked at the arguments for a highly popular commodity loan and personal loan at this time.

This is something you should know about a commodity loan before you start

This is something you should know about a commodity loan before you start

A merchandise loan is basically designed so that if you are unable or unwilling to pay for the product purchased in a lump sum in the shop, you can take it home after a quick credit assessment, after presenting the necessary documents, and then pay it off in installments. When it comes to a larger product, you usually have to pay a certain amount of your own at the time of purchase – typically 10-20 percent of the total price – but for cheaper products, you can take your chosen product up to 0 percent.

When choosing products that can be purchased with a commodity loan, be sure to look at what costs you have to consider in addition to the price of the product. Many offers are advertised at 0 percent interest rate, but that does not mean that the loan is free, since in addition to the interest you also have to pay the management fee, which is already an additional cost over the price of the product.

When comparing your loans

When comparing your loans

You might want to consider APRs instead of interest rates, that is, the entire APR, as this includes not only the interest rate but also the management cost and gives you a much more accurate idea of ​​how much the loan will cost. If you see a product advertised with a 0 percent APR, you should also read the small print, as it is a prerequisite for a virtually free merchandise credit that you also have a credit card agreement with the lender, which is usually subject to strict conditions with the right application, you can easily push the unsuspecting buyer into debt.

It is important to note that in the credit market, commodity credit is one of the most expensive consumer loans, as APR can reach 35-39%. While it is tempting to think that within a few hours you can own a new, expensive product without having to pay it off, keep in mind that a commodity loan is just as much a loan as you do at a branch, so be sure to consider it before signing a contract. can you manage your monthly installment? If you slip on the repayment, you will have to pay late interest, which will save you the discount you made at the time of purchase.

59000 euro credit is often needed if the money is insufficient or can not be saved enough. Bills remain, purchases can not be made.

There are offers from banks that grant a 59000 euro loan. But the sum is very high, so it has to be calculated whether the loan is affordable.

Estimate cost of the loan

Estimate cost of the loan

The customer must find out if he can pay the credit 59000 euros. The revenue and expenditure should be found out with a budget. In the meantime, many consumers are using a digital budget that can be found on the internet.

This allows the customer to calculate whether the cost of the loan is acceptable. There must be money left in the month to be able to pay off the 59000 euro credit. If the expenses are too high, they have to be reduced. If there is no money left, no installment can be paid in the month.

Unnecessary expenses should therefore not take place for the time being. The bank will check the bank statements. So she sees whether the customer gets along with his finances or not. If not, the bank will quickly reject it.

The credit bureau is important, too. This should also come because of negative entries to no rejection.

Credit bureau – Provide self-assessment

Credit bureau - Provide self-assessment

Many consumers forget their credit bureau when applying for a loan 59000 Euro. If the credit bureau fail badly and the Bank rejects, nothing can be done.

A self-assessment can be made before an application. Only in this way can incorrect or obsolete entries be deleted. Often, as from collection companies, the entries are not deleted. This is done automatically by banks. Only after three months, the deleted entries are no longer displayed.

So should wait so long with the application, then only to take a 59000 euro loan. The better the score of the credit bureau fails, the easier it will be to apply for the loan 59000 Euro.

59000 Euro credit – loan comparison

59000 Euro credit - loan comparison

The loan comparison helps consumers find lenders who are lending € 59,000. The loan seeker should choose a term of 120 months, which equates to ten years.

So he sees the offer from the Extra Credit Bank, where the effective interest rate is between 3.99 percent and 10.99 percent. The credit rate is 595.07 euros per month.

The Private Civil Service Bank grants the loan 59000 euros only to selected customers. The fixed interest rate is 5.95 percent. The offer also specifies a term of 120 months. This results in a credit rate of 648.92 euros.

The extra loan offers the 59000 euro loan with an interest between 9.95 percent and 15.95 percent. So the customer pays a monthly credit of 764.19 euros.

 

On this page we will briefly explain the between personal guarantee plus real guarantee and the reason why in Good Finance we all only bet on the actual guarantee.

Mortgage with personal guarantee

Loan with personal guarantee

The loan with individual guarantee is one in which the debtor responds with the whole associated with his assets (assets plus rights) present and long term, in general, without any specific resource being affected or susceptible to the payment of the mortgage in a special way.

These loans are often granted to individuals and amounts not exceeding sixty, 000 euros and with conditions of less than 10 years.

In the absence of a particular tangible guarantee, as in the situation of loans with true collateral, and therefore presenting a larger degree of risk to the loan provider, the applicable interest rate is generally higher.

Regulation 16/2011, of June twenty-four, on consumer credit contracts, manages, in general, credit agreements among 200 and 75, 500 euros.

Legislation of consumer credit contracts 

money

Greater protection is conferred on individuals who act meant for purposes that are outside their own commercial or professional exercise. The fundamental aspects of the rules of consumer credit contracts are usually uniform within the scope from the European Union.

About the main difference of providing a personal guarantee to a true one, it is based on the ensure of collection that a monetary entity can exercise over the claim of a loan arrears.

Financial institutions possess large legal services that will put pressure on the customer for debt collection, but regrettably the defaults and following claims of a loan along with personal guarantee are sluggish and, in many cases, unsuccessful which means this type of loans They have a higher risk of collection.

In Good Financing we only accept genuine guarantees. It is not for risky reasons, nor for any kind of interest on our part or even with investors. The only cause is to offer a guarantee the money lent has a come back

Reach an on the amount, interest rate plus term of the loan

cash

As a private investor we provide the platform, communication and information to invest your money. As a debtor we offer you the possibility of getting a loan only by providing an actual guarantee and obtaining the greatest private capital loan that this market can offer you, given that thanks to Good Finance’s system, investor and borrower can reach an agreement on the quantity, interest rate and term from the loan with the bidding program.

 

In the private credits in Castellón you will be able to find the ideal answer that will allow you to reduce the risks associated with everything digital and will allow you to safeguard the operation of your business. In the following lines you will see a little more detail about this matter.

Private loans in Castellón

Private loans in Castellón

As it was said, nowadays, having an antivirus on your computer is no longer enough to guarantee the digital security of any business, unlike today having a good and complete antivirus (as well as firewall and other elements) is absolutely necessary and indispensable but in no case sufficient, nor in any case is almost the main thing, as there are many other parameters that must also be kept in mind at the same level of importance. Everything you decide to implement can be financed with private loans in Castellón in the particular credit, private loans in Castellón that will provide you with the resources you need so much, fast and urgent money, the liquidity to carry it out.

Integral and multidisciplinary approach

Integral and multidisciplinary approach

The first thing that must be said about the way in which the digital security of the company that can be financed through private loans in Castellón should be focused is that this approach must be comprehensive and multidisciplinary, that is, it must reach one and each of the areas of the company and should treat it from all possible approaches.

Then, referring to the solutions to be implemented that can be financed with private loans in Castellón, say that they must always be adapted to the specific needs of the company, since neither should it be necessary to design and establish a system that will reduce infra-insurance or The same insurance is necessary to implement costly measures that are not required for the characteristics and particular idiosyncrasy of the business.

Fast money and urgent liquidity

Fast money and urgent liquidity

That said, it is possible to go into those specific measures that with private loans in Castellón, which with personal loans of special credit that provide fast money and urgent liquidity can be implemented to improve the digital security of the business.

First, and as already mentioned, the already well-known and well-known antivirus. This must be included in all the devices (not only the computers) that are available and must be some of the leading brands in the market and, of course, in their paid versions, no free versions, these for the protection required A business serve very little.

Encrypt company data

Encrypt company data

Then implement solutions that allow the company data to be encrypted, that is, to encrypt everything that can lead to an attack and make it difficult or impossible to access such files also highly recommended.

Cloud services for companies

Cloud services for companies

Another of the essential aspects is in the cloud services for companies, this type of solutions is increasingly imposed, and will be imposed more within any company and undoubtedly provide excellent progress and many improvements in processes and systems from any company but you should know how to choose safe solutions that really provide value and quality suppliers.

Having own or outsourced servers is also another of the decisions to be taken, whatever the aspect of security is also essential, implementing all those elements that guarantee it or hiring the best services that offer the best guarantees is an unavoidable obligation. Of course all of the above and subsequent may be financed through private loans in Castellón.

The so-called Internet of things is already here but it will go to more, much more, in the coming years. Any solution or gadget that you want to implement must also be done with full security and looking at each and every aspect related to the security of what is going to be implemented.

Absolute security is impossible, zero risk does not exist in anything in life and also in the field of digital security. So chasing zero risk is an unattainable chimera, what must be done is to fight to minimize the risk to the minimum possible, not to eliminate it completely. Thus, having always updated backup copies of all critical company data and files is essential.

In the same way, it is also essential to have systems that prevent the improper use of the systems, for example by improving the security of passwords, eliminating access (or limiting it) to certain people, establishing administrator and user parameters and a long list of others. It must be kept in mind. And this is so, for example, it may be very appropriate that the maximum person in charge of the company has absolute powers over the systems, but it is not necessary that all employees can modify anything of the computer systems, the same only with read permissions is already enough, you have to analyze every process, every step, home system, and set the appropriate permissions.

And one last note: all of the above can be financed with private loans in Castellón, but it will be useless to invest all the time not to invest in training, in training to know how to properly use everything that has been implemented, and not to keep the systems permanently updated, renewed when necessary and audited deeply on a regular basis and sustained over time.

The above can be said because in relation to private loans in Cantabria there is a wide variety of options available in the market, as well as different financing modalities and they differ greatly from each other.

Private credits in Cantabria

Private credits in Cantabria

The focus area of ​​this article in relation to the different private credits in Cantabria can be said to be twofold since on the one hand it should focus on the differences that exist within the same private credits in Cantabria where particular credit competes and then refer to the different general financing options available in the market.

Entering the first of the issues, it should be noted that in the case of any of the particular loans in Cantabria that can be found, some extremely important valuation points must be kept in mind for the evaluation of which may be the best option.

These aspects to be valued and evaluated are very wide and diverse but if you had to make a small selection of them, it can be assured that among the main ones you can not miss the following: the solvency of the company that makes private loans in Cantabria is essential, as essential is the experience and reputation with which the same account. One of the great advantages of particular credit in this area is the strength of its structure that is combined with a wide range of customer satisfaction in the credit of the company.

Beyond the structure of the company that makes private loans in Cantabria and the experience and reputation with which this account, they are also extremely important to analyze other points, other aspects perhaps more technical could be said and more directly related to money fast, with the personal loan to be requested.

Interest to obtain financing

Interest to obtain financing

Within these specific aspects related to personal loans, two are the clearest and most obvious aspects that should be known: what are the interests that must be supported to obtain the financing and how long the money borrowed will be returned. Of course, these aspects are completed with other no less important, such as associated costs, existing concrete clauses and many other variables.

For all the above, it is therefore indisputable that for the full safety of the operation and to obtain the best possible conditions and advantages that must be carried out through companies that have the required solvency, that offer the required security and that all do so with Interesting conditions for customers. All these aspects are more than covered with particular credit and private loans in Cantabria that are offered from it.

Differences between private loans in Cantabria

Obviously the differences between private loans in Cantabria do not focus only on the different variables and variants that may exist within the same range of private loans in Cantabria offered by companies such as particular credit, because in reality there are also differences between the same type of financing to choose The best of all is that thanks to particular credit you can choose any type of financing.

In other words, the financing that can be obtained for example in traditional financial institutions is not the same as the financing offered from private capital, in the same way within these two financing modalities there are different sub-modalities of financing (For example, to focus on financial institutions, it could be said that financing offered through credit cards is not the same nor does it have the same conditions as financing obtained through a personal loan).

To have the services of particular credit is to have the services of a company specialized in financing solutions in the maximum expression of the concept, which will lead to depending on the specific case, depending on the particular case and the specific conditions that each client requires, the operation of each client is focused under one prism or another.

And it is that through particular credit, it will be possible to articulate both direct financing of private capital that offers quick money urgently and liquidity to cope with any situation, how you can deploy your services in the form of a financial broker and negotiate for your clients with financial entities The best financing conditions.

Duality in financing actions

Duality in financing actions

This duality in financing actions by particular credit entails different advantages directly related to the financial operations that are developed and that directly benefit customers. Factor that, in the end, is the really relevant and important.

Thus, from particular credit, it can be presumed to always be able to offer the best financing options for the client every time and it also offers the opportunity to have the best financing in an efficient, fast and without having to support numerous displacements and arduous negotiations with different financial entities.

particular credit is a source of financing for private loans in Cantabria available to customers, but above all particular credit is a source of peace and security for all clients who wish to approach the field of personal loans, the field of personal loans, to fast money, to urgent liquidity in a completely guaranteed way and in the best conditions.

If anyone needs to have access to quality financing, if they wish to have access to available and accessible financing, the services of particular credit are undoubtedly the appropriate services required and that will meet their needs.

The processing fee for an online loan

The processing fee for an online loan

A credit request is initially free. However, if it comes to a loan agreement, so in most cases, a processing fee is due, which makes the loan even more expensive. To win new customers, however, some banks refrain from it and offer an online loan with no processing fee.

What about the interest rates?

What about the interest rates?

The banks have to get the money back somewhere. As a rule, they do this through interest. In the end, that does not even strike you at first. However, who compares the offers of the banks exactly with each other, notes that in the absence of a processing fee, the interest rates are the same.

Basics about an online loan with no processing fee

Basics about an online loan with no processing fee

A credit inquiry is always free. No processing fee may be requested for the request. Serious banks or financial service providers do not do that either. Only dubious intermediaries charge a fee. However, if a credit agreement is concluded, a processing fee may be charged. Who puts the loan application online, sees immediately at a glance, how high the interest and the processing fees are. This is the practical side when applying for a loan online. It is also usually the online banks that want to attract new customers with good terms. Branch banks usually charge a processing fee for a loan agreement.

The Internet can save consumers a lot of money. Even though the processing fee may not be that high, it is still beneficial for the borrower to drop it. Almost only the online banks offer this service.