Borrowing money online, how does that work?
We spend a large part of our time online. To communicate with friends or to go shopping. And that will only increase. Research by Good Lender predicts that the percentage of Europeans doing online shopping will rise from 65% to 75% in 2018.
Borrowing money online is also becoming more and more known. Yet I notice that some people are still reluctant. Because how does it work exactly and is it reliable? Therefore a blog about responsible money borrowing and what you should pay attention to when borrowing online.
Responsibly borrowing money via the internet
I want to start right away with the most important point: borrowing money responsibly. When you take out a loan, you enter into a commitment for several years. Moreover, a loan always costs money. That is why it is important that you choose a reliable provider. Always check whether the provider has an AFM license.
Also look at the Trustpilot customer reviews. Here, customers leave their experiences with the service behind. We currently score 9.3, of which we are extremely proud! These and additional permits, memberships and quality marks show that you are working with a reliable lender. Read more about this in my blog ‘Responsible borrowing money online: the AFM license’.
Borrowing money online is cheaper
“I now know what to look out for, but why shouldn’t I just borrow money from my own trusted bank?” you may think so. I will never advise you to borrow money from a regular bank in advance. In some cases that is certainly a good option. But I do want to explain why borrowing money online is a good alternative.
First, it is usually a lot cheaper. Thanks to the digital method, online banks can make a cheaper offer. They are specialized banks, which means they need fewer staff. In addition, the office costs are considerably lower. A cost saving that fully benefits you as a consumer. This way you can borrow money at a lower interest rate.
Take out a loan 24/7
In addition, you can take out a loan online at a time that suits you. No time-consuming appointments during office hours. But just from behind your PC and at the weekend. If that suits you better. With us it is always possible to apply for a loan. 365 days a year, 24 hours a day. That makes it a lot easier.
Affordable and discreet
The result is that taking out a loan is also faster. Because the entire process, from request to deposit, runs digitally. If you submit a request to us, we will send you the offer from our partner banks within 24 hours.
Have you chosen a loan and supplied all required documents? Then the amount is often on your account within 3 working days. And, borrowing money online is also a lot more discreet. Although many Dutch people have a loan, there is still a taboo on it. Then it’s nice if you’re a little anonymous. You can do that online.
Take out an online loan
Taking out a loan online is easy. You submit an online request and you will receive the quotes by email. Then choose the loan that best suits your situation and return the contracts. We check the documents and arrange everything with the bank. The money is in your account before you know it. Read more about our method.
Borrowing money online is a good alternative to a loan from one of the major banks. If your online credit broker cooperates with recognized parties and has the required certification marks, you can be confident that you are making a good choice. Taking out a loan online saves you a lot of money. Borrowing money already costs more than enough.