To apply for a loan, it is not absolutely necessary to go to a bank. The Internet has opened up new ways of borrowing for consumers. Many branch banks are also represented online. In addition, there is the wide range of direct banks that can only be reached via the Internet. It is therefore no longer uncommon to apply for an express credit on weekends.
The process of the online loan application
Those who do not yet know which bank to turn to can find the right offers on the numerous comparison calculators. Alternatively, you can apply for the express credit at the weekend via the house bank if it has an internet presence. In contrast to going to the branch, there is no personal conversation with the advisor and the reason for the loan is not questioned.
After the application has been submitted online and all the necessary information has been provided, the customer receives a preliminary loan approval if the Credit Bureau check is positive. The customer only has to identify himself using the post-identification procedure or the video-identification procedure. After receiving the documents, the bank checks the information provided and the commitment is made.
How long does it take for the money to be in the account?
It can take up to four days from processing the application to payment. Some financial institutions on the Internet also offer lightning transfers. These are chargeable. In return, the money is in the borrower’s account on the same day.
Online banks are open around the clock. This makes it possible for customers to apply for an express credit even on weekends. Nobody has to do without contacts. If there are any questions or queries, bank employees are always available during normal office hours.
The online banks are open around the clock. Customers can conduct their financial transactions at any time via the Internet. This not only affects loans, but also the opening of a checking account can also be done online, as can the subsequent account management.
Great importance is attached to the security of the data. Confidentiality is very important to online banks and the data is transmitted with the highest security standards. There are no reasons against borrowing online.