Online loans are still on the rise. More than 27 percent of loans in Germany are already being granted over the Internet – and there is no end in sight for this trend.
The next steps are already visible today: borrowing via app, from anywhere, just by smartphone? Many banks and credit intermediaries are already working on it. And seven percent of customers would like to use such a possibility today.
Just five years ago, the proportion of Germans using apps for their finances was only five percent. Today it is already almost 30 percent. And in a few years, it should be quite normal to complete banking completely off the road and to get a loan literally during lunch break or while waiting for the train. Even today, more than a quarter of consumers refuse classic bank appointments – after all, you can also get a loan online. The share of Internet loans has risen from 21 to 27 percent within two years, as a recent study by the XYZ on behalf of the Bankenfachverband shows.
Many good reasons speak for online loans. The two most important ones are: speed and low interest rates.
When it comes to speed, nobody is bothering the established providers of online financing. For example, if there is a credit, an immediate check will take place immediately after the request. You will see the result on your screen after just a few seconds. If the preliminary exam is positive, our experienced credit experts take the helm and find the best loan for you. These negotiations with up to 20 banks are often completed within a few hours. You will then receive your personal loan offer by mail without a second time delay. At the same time, the documents are also sent to the post office, so that you usually have the signature contract in the mailbox the very next day. You then return the signed documents, pass through your bank details – and have shortly thereafter the loan amount in the account.
If you compare the terms of your financing with other offers, you find out: Online you get your money not only fast, but also cheap. Surely you can imagine that Internet banks have much lower costs than “classic money houses” with expensive buildings in the banking district and several branches and the employees sitting there. Online providers can therefore operate profitably with lower interest rates and offer you, as borrowers, correspondingly more favorable offers. That’s why online loans are often cheaper, for example, compared to house bank loans.
And another important reason for a loan request via the Internet: With reputable and bank-independent loan brokers like Gandalf Credit you are not on a single bank credit set – but you can take your loan where it is most attractive to you. And you have a fair chance of credit even if the house bank has already declined. Because in the round of the partners of Gandalf Credit are also institutes, which forgive loans for example with negative credit score – up to financings completely without credit score.