Online banks are on the rise. Whether they are independent or affiliated with a parent company, these banks on the internet are increasingly offering online bank credit. Can they however display rates at the level of those of the main online credit specialists? Let’s look and compare the credit rates of online banks with those of specialists.
Online bank credit: current offers
The offer of online bank credit is spreading within banks. They play on the 100% digital aspect to reduce costs as much as possible. Card – most of the time – free, attractive mobile applications, reduction in bank charges: the development of online banking banking innovations is attracting more and more French people. Have they put these practices to the service of a cheaper online bank credit rate?
Online banks almost all offer a personal loan. However, it is almost always necessary to be a customer of the bank to obtain consumer credit. However, some of the best online banks, guarantee that their cards are free only under certain conditions (minimum monthly payment, savings available). We then understand that if online bank credit is possible, it is often subject to constraints. It is by no means an easy credit to obtain. This is all the more true since some banks, in addition to reserving their solutions for customers, require that borrowers prove a certain seniority in the establishment.
Online bank credit or at a specialized organization?
Online bank credit uses a mechanism that can be found in conventional banking agencies. It is still difficult for online banks to offer credit to all individuals. Little experienced in the field, the majority of dematerialized banks only offer personal loans to those with an account. They must then provide additional supporting documents.
Credit specialists are, on the contrary, experts in consumer credit. Processing an online credit application will always be faster and more efficient at an organization than at a bank, whether online or not. Obtaining online credit with immediate response is common among organizations but very rare with an online bank.
Online bank loan: at what rates?
Online bank credit is not the main product of digital financial institutions. It completes a range aiming to retain customers as much as possible. The main online banks however communicate rates generically when they offer a personal loan. Let’s look in detail at the rates announced by each bank offering consumer credit on its site, considering the same 60-month credit of $ 10,000. We will continue the comparison by placing online bank credit against that of specialized organizations.
The message is clear: the only online banks capable of offering a personal loan of $ 10,000 cheaper than that of the best credit agency oblige us to open an account. This is even more stringent for Boursorama, which only allows personal loans to account holders for at least three months.
After this account opening step has been completed, there is nothing to indicate that online bank credit will be accepted. Like their physical counterparts, internet banks need certain collateral before making a loan. The inability to obtain immediate online credit (with pre-acceptance) makes the transaction really uncertain. It would be a shame to open an account if your online bank credit application is ultimately refused.
This share of uncertainty is greatly reduced on our comparator. Once the form has been entered, it is possible to obtain up to three policy responses immediately. However, if the data entered match, there is no reason why the organization will not accept the credit request in the end.
Online banking mortgage
Most online banks offer a mortgage. Obtaining a loan to finance your home from an internet bank is clearly in the era of time. The field is however specific and very competitive. Classic banks, brokers and online banks all want a piece of the cake. Let’s list online banks offering mortgage loans.
Online mortgage rates are likely to vary according to a multitude of parameters (amount, borrower profile, contribution, economic situation, professional situation, region, etc.). All these criteria should not limit the search for a mortgage from an online bank. You have to look for the best rate by comparing the offers of brokers, regional banks and the mortgage rate of online banks. This is what our comparator offers, which includes all of these players. Moreover, if the file can be financed, the organization proposing the best offer will contact the applicant directly to refine the proposal.
Is online bank credit interesting?
Online bank credit is generally offered but is clearly not developed enough. Most internet banking establishments require the borrower to open an account before applying for a loan. Online bank credit does not guarantee a prior agreement at any time. Without a first response in principle, one must roughly open a blind account. If online bank credit rates are sometimes competitive, the uncertainty factor is really blocking. Fast credit does not mean online bank credit!
The best organizations connected to our comparator have made consumer credit their workhorse. Whatever your project (car loan, work, personal loan, etc.), each completed form receives an immediate response at the best rate.