Applying for credit online is usually the easiest and most effective way to get a good APR rate, but most importantly, a quick response. However, our opinion on online credit is not the same for all organizations. We will see that there are significant differences in rates, as well as several criteria to differentiate the specialists. Everything you need to know before borrowing online.
Online credit advice: should you trust organizations?
Online credit, represented by organizations such as Bankate, Bankil or Yoabank, has several advantages:
- Compare APR consumer credit rates in minutes
- Possibility of obtaining a first immediate opinion, thanks to a credit comparator
- Fast online credit, thanks to simplified processing of supporting documents (electronic signature in some cases)
- No booking fees
In the opinion of all , online credit specialists are constantly widening the gap against banks or dealers , taking advantage of the emulation generated by competition. There are indeed more than a dozen credit organizations. All offer personal loan solutions, auto credit or small revolving credit accessible to all individuals. Except of course for Bank de France (FICP) files.
The ability to get an immediate online credit report is one of the main advantages of organizations.
Banks totally overwhelmed
Banks generally only issue consumer loans to their customers . It is a real thorn in the side for consumers. It is almost unthinkable to change banks for a simple need for consumer credit.
Always dominant in the mortgage sector, traditional or online banks only offer consumer credit to supplement their offer. Loans issued by banks are also only accessible to customers whose record keeping is impeccable. The banker has a very special look at monitoring finances. For an easy credit search, it is better not to rely too much on your banker … This constraint only reinforces our positive opinion on online credit.
The last two pay slips and the last tax notice are usually enough for online credit agencies to make a loan. The online credit tax notice is not even requested in the case of small revolving credit.
Practical advice: any request for credit 4000 USD or less made from our comparator automatically leads to the best revolving credit solutions.
Notice: online credit yes, but not without comparing
The whole point of online credit is, in our opinion, based on the use of a credit comparator. It makes it possible to extract cheap credit solutions, but above all to immediately eliminate the offers to avoid. The comparators took up a lot of space in all areas. Unfortunately, they are not always based on the concrete. You can’t go wrong with online credit: only the APR rate is the proof .
Online credit simulations and reviews
The APR rates vary widely from one organism to another, including among the best – or best known – on the market . Illustration with a quick comparison from our comparator. We have chosen to compare a 10,000 USD loan in the form of a personal loan, opting for a repayment term of 48 months. Some traditional bank rates have been added to this comparison, to make it as complete as possible.
Our opinion: online credit is much more attractive than that of banks. However, there are significant differences in APR rates between the best organisms . It is strongly recommended to use a comparator to avoid paying too much interest.
How to use our credit comparator?
Our opinion on online credit finds it almost only advantages, on the only condition of knowing how to compare rates . Let’s take a look at how to use our comparator. A tool guaranteeing both a ranking of the best consumer credit rates, but also an immediate response in principle of the best.
Online credit application step by step
- Enter your project, the amount and the desired repayment period.
- Complete the credit questionnaire in four simple steps.
- The classification of the best APR rates of the day is displayed, and the first credit institution is questioned immediately
- A favorable opinion results in acceptability> 50%. The confirmation of the request (without obligation) is then sent by email within 24 hours.
- In the case of a file under study or of very low acceptability (<5%), it is possible to interrogate with a single click the organizations classified in 2nd and 3rd position.
Our comparator is connected in real time to the best online credit organizations, allowing you to obtain an immediate opinion. No bad surprises regarding the APR rate. Easily accepted online credit is a very big step towards obtaining a loan, provided that the supporting documents match the information entered in the form.