Accessing a loan as simple as ordering a pizza via smartphone or booking a hotel room on an online platform could be a far from utopian scenario. But what do those who apply for an online loan have in common with those who want a good Margherita or a hotel room in just a few clicks? The need for a simple, fast and secure online experience.
Personal loans are establishing themselves more and more as the ideal solution to be able to realize small dreams and desires, such as changing a car, a university master's degree or a trip around the world. At the beginning of the year, data from Assofin - the Italian Association of Consumer Credit and Real Estate - showed a 20,3% growth in the consumer credit sector compared to 2015, confirming a recovery in the sector that had already begun in 2014.
Crowdfunding is one of the most innovative ways to get a loan online, but it's not the only one. Consumers 2.0 who browse the Internet in search of loans at the best conditions, however, are not always sufficiently prepared to avoid mistakes that may seem trivial but which instead affect the conditions that can be obtained. Here then is that Younited Credit - Europe's leading digital platform for online loans that landed on the Italian market last April - has compiled a list of 10 actions to make the search easier:
1) Check if you are eligible for an online loan
The disbursement of a loan may not be so obvious: before making a request, check that you meet the necessary conditions, such as the absence of serious insolvencies or demonstrable income.
2)The right amount for you
There are always many needs, especially for a family: evaluate well the amount you need to avoid having to ask for other loans with higher rates.
3) Compare rates
To find the right loan for you, you can use the numerous comparison platforms on the internet. Online platforms are usually able to offer lower rates.
4) How to choose the safest platform?
It is not easy to disentangle the various online platforms that grant personal loans. Some of them could offer greater security guarantees, such as those with certification issued by the Bank of Italy to operate as real credit institutions.
5) Make sure there are no hidden costs
Check that the chosen platform does not apply hidden costs, such as commissions or extra costs not specified at the time of the loan request.
6) Better a fixed rate loan and constant installments
To avoid unexpected events, always choose a loan with constant rates, in this way you will not have nasty surprises during the duration of the loan.
7) Secure your loan
When applying for a loan, consider securing your financing! In case of problems, it guarantees the protection of your loan for you and your family
8) Do you want to get your funds as quickly as possible?
Once the loan application has been completed and accepted, prepare the supporting documents to speed up the disbursement of the amount.
9) Beware of applying for multiple loans at the same time
Often, when there is an urgent need for liquidity, it is thought that by asking for a loan from several entities, the possibilities of accessing credit are increased. In reality, since the loan requests are entered in a common database between the institutions, the possibilities of refusal are only increased.
10) Don't forget about the release
If you have been refused a loan request in the past, don't forget to ask for the release, which authorizes you to be able to request more.
