In the digital age, dematerialized credit offers are numerous. From now on, you can apply for a loan directly on the Internet. This new approach has many advantages that we will detail throughout this article.
What is an online loan?
For many years, the development of the Internet has enabled various financial organizations to offer their credit offers directly online. Online credit offers significant advantages, Mes Allocs explains everything.
Online credit is a financing solution that allows anyone aged eighteen or over and whose tax area is in France to borrow money to finance their needs or to deal with various unforeseen events, such as example the purchase of a vehicle or a need for cash.
You can take out credit online with the various market players (banks and specialized organizations) or opt for credit between individuals.
The amount of online credit is calculated according to various characteristics and is between €50 and €75,000 depending on the type of credit chosen.
Indeed, it is possible for you to contract various consumer loans via the Internet, such as:
An assigned consumer credit (car loan, work loan, etc.);
Unallocated consumer credit (revolving credit, personal loan, etc.);
A mortgage according to the organization chosen.
How to take out a loan online?
To take out a loan online via the customer service area, you must first meet the conditions for obtaining it, namely:
Justify regular income;
Not be registered with the Banque de France or banned from banking;
Do not exceed the debt ratio of 33% on all of your credits.
If you meet these conditions, you can apply for credit online directly on the website of the chosen financial institution after first using an online credit comparator.
The online simulator
The online credit simulation allows you to obtain an estimate for your online credit in just a few minutes.
The selected simulator will tell you:
With an online simulation, in addition to saving time, you can compare current offers and rates in order to choose the financing solution best suited to your needs.
Once the various supporting documents requested by the organization have been sent, you will receive an immediate response in principle. Subject to acceptance of your file, you will then receive a loan offer that you will need to sign and return, if you accept it, to receive the borrowed funds in your bank account within 48 hours on average.
For your contract, you will have to carefully check the possible administration fees, the optional insurance that may be required of you and the interest rate. These are the parameters that define your repayment term.
With online credit, you will no longer need to carry out costly and endless prospecting at traditional banks because you save time and gain speed.
The first advantage of online credit is obviously the fact that you can complete your request completely online and thus stay at home without depending on bank schedules. It is very often difficult to make an appointment with your banker because banks generally have the same working hours as yours.
In addition, it will be easy for you to have access to all the credit offers via the online simulation and to be able to compare them by taking all your time. You will find the most economical solution for your needs while avoiding round trips between your home and the lending institution.
With these simulators, you will be able to estimate whether the amount of your online credit is to be revised downwards or upwards and you will be able to build a solid file that will suit your borrowing profile and your repayment capacities.
A credit without online proof is a credit that does not require the borrower to provide information to the lender on the use of the requested funds.
There are two types of online loans without proof:
The immediate personal loan without proof is an accelerated version of the traditional personal loan. To find out all about the personal loan without proof, see our article .
Revolving credit allows you to finance small-scale projects by building up a reserve of money associated with a credit card and available at any time. To learn all about revolving credit, click here .
These rapid financing solutions are distributed by online banks and most so-called specialized establishments. If these credits allow you to guarantee your privacy as to the use of their amounts, you should still justify your situation via various documents in order to present guarantees to the chosen lending institution.
Depending on your situation, you will be asked in particular:
If your borrowing profile and your personal situation are positive, a financial organization will more easily grant you credit online.
In the event of difficulty in repaying your credit, you can turn to the repurchase of credit by merging all of your monthly payments into a single payment.
How do I know if the site is secure?
If there are many skeptics when it comes to online credit, you have seen that they are wrong to be. However, you should still be wary of the site you are browsing for your online loan application.
You will need to ensure that the site in question is secure. For this, the small padlock in your search bar must be green.
You must ensure that the site used is registered with the Organization for the single register of insurance, banking and finance intermediaries (ORIAS) and that it has legal notices.
No site is entitled to ask you:
Finally, if the site in question asks you for little or too much information, if it asks you for money or if its spelling is questionable, it is surely a scam.
Read Also: Online credit with immediate response
The disadvantages of online lending
Like any process, your online credit application has advantages and disadvantages.
Online credit is done without from your home without contact with an advisor, with the exception of certain sites which will ask you to make an appointment following your online credit application.
If you have difficulty finding your way around or have a particular question about your situation, if you are elderly or inexperienced in line manoeuvres, you may encounter difficulties with your request. To do this, do not hesitate to contact our Mes-Allocs experts on 01.84.80.37.31, Monday to Friday, from 10 a.m. to 7 p.m.
To obtain the most advantageous credit, we advise you to use an online comparator. This is the best solution for finding a loan whose interest rate will be low enough to reduce the amount of monthly payments or limit the loan over time. To do this, you can use this free online comparator to find out the best rates currently in effect for your online loan.
