Which bank to choose to take out a loan?

Posted on June 25, 2020
bank credit

For the most urgent needs, only the personal loan can help you. It's the easiest and fastest way to get credit. However, the deadline depends on each establishment. If offered by the traditional bank, the personal loan can also be requested from other organizations, or even between individuals. Where to find your personal loan and what are the advantages offered by the different lending organizations?

Classic banking, the first option

Your first reaction is logically turned to your bank, where you have your account. Almost all banks offer personal loans without supporting documents. You are more likely to get your banker's endorsement if you are in good financial health , a continuously funded account, and no repeated overdrafts. Your file will also be easier to process since the bank already has the necessary information. The rate varies depending on the establishment, but also on your situation. A person with a stable job will benefit from more favorable conditions. The response to your request is relatively quick. Allow between 24 and 48 hours of waiting.

Online banking, for low prices

To obtain credit at the best conditions, play the competition. Do not hesitate to get information from another bank. This approach allows you to obtain the favor of it. She will not hesitate to set a lower rate than that offered by your establishment to keep you. However, you will need to insert some supporting documents in your file, such as your account statement, your pay slips. These steps may take you a little longer, but the final price of the loan will be worth it.

Personal credit without a bank, the best solution

It is a fact, online banks always offer cheaper rates than traditional banks. The reason is mainly the considerable difference between the charges. It is not uncommon that you can find a personal loan online with a point of difference and even why not a loan between individuals via specialized platforms. Operating exclusively online, you are relieved of all the trips to the bank headquarters. These lenders are actually equity loan organizations that use funds from individuals or corporate investors. Besides the rate, the fees are also lower. The administration fees are almost non-existent. But the funds offered may be limited depending on the financial dimension of the organization. Some limit their offers to € 15,000 or € 20,000. On the other hand, you get a quick response, without necessarily leaving your home. The advisers will send you the answer and an offer by email within 24 hours of sending your form.

Find tempting personal credit offers

You can also use online credit comparators to find all the good offers. You have, in a few clicks, all the conditions accompanying the personal loan offers available, whether through traditional banks or online banks. All you have to do is choose the one that suits you.