Credit, this act which consists in making money available to a person, money to be reimbursed by the latter with his interest, has been contracted for millennia. Its definition has never changed, but its form evolves according to the advance of technology.
The auto-moto loan is emerging. It is a loan earmarked for the purchase of a vehicle. Its repayment duration does not exceed 7 years.
The work loan is another form of earmarked credit, but this time the funds are spent on home improvement work.
These two types of credit are part of what is called consumer credit, but there is also, in this same category of consumer credit, personal loan. It is a free credit of use, a loan without proof.
If it is not a consumer loan, then it is a mortgage which often takes the form of a mortgage, that is to say that the borrower must put a mortgage in security to reassure the lender.
The loan may also be a professional loan. This time, the person concerned borrows money for professional purposes. The repayment period is between 2 and 15 years. The investor must also provide a pledge or a bond.
All these loans mentioned can be combined into one and bought by a new financial institution, or renegotiated by the same bank of the borrower. We then speak of credit repurchase or loan consolidation. This formula is known for its ability to lighten the burden of the different loans contracted separately. It is also a remedy for over-indebtedness.
The advent of online credit
Advances in technology, including the advent of the Internet, have made it possible to contract all of the above mentioned credits online. This concept has the same principle as conventional credit, but all the procedures are carried out via the Internet, starting with the loan simulation and the comparison of offers.
Online banks are increasing. The signature is no longer necessarily handwritten. The electronic signature becomes valid. We no longer need to make an appointment and go to our bank representative to get advice. An online advisor can do it all. Personalized offers become possible. Admittedly, everything becomes so easy that it is hard to trust it. However, we are innovating in data security, which makes online credit more and more credible. This further accelerates the development of this type of loan which, we note, has a multitude of advantages.
Online loan – only strong points!
First of all, you will no longer need to fill up with fuel to allow your car to take you to your bank in order to take out a loan. You will only need a computer, tablet or mobile phone to do it all.
- You will then get a quick response from your financial institution
- Thanks to simulations, you will get all the information you need for your subscription
- You will be aware of the best rate on the market
- You will easily recognize the type of loan that suits you, and of course, it will be for this credit that you will take out
- Above all, everything is done remotely, at home, without having to travel.
Although online credit is so easy, you should know that getting involved in it requires careful consideration. This explains the importance of online loan simulation.