The direct banks, or also online banks or internet banks, are becoming increasingly aware of consumers, not least when it comes to loans. In principle, a loan is quickly taken up, especially on the Internet, where there is no personal contact between the bank advisor and the borrower, i.e. the consultation.
Take out a loan
It remains to be seen how sensible it is that it is always easier for consumers to take out a loan – with the abolition of the above-mentioned inhibition threshold, more consumers will definitely choose to borrow than before. However, a loan should never be taken lightly or thoughtlessly, please consider in advance whether you actually need the loan and there is no other way to get the money you need and how you want to repay the loan.
However, the bank also takes care of the last point: checking whether you would theoretically be able to pay off a loan taken out on schedule. In order to be able to evaluate this, it is necessary for the bank to gain insight into the applicant’s financial situation or income situation by reviewing account statements, pay slips and the employment contract.
Instant loan to employees
The employment contract must state whether the employee works on a trial basis, for a limited period or is still in training, all of which are factors that can have a positive or negative effect on a loan approval – you can only actually get a loan if you have it can also afford, and this is done not only to protect banks, but of course also to protect consumers.
Direct banks are no longer only offering instant loans to employees and civil servants: construction finance and loans for the self-employed are also possible. How cheap or expensive direct bank loans are in the end has to be found in an individual comparison: since most loans have an interest rate that is primarily based on the creditworthiness of the borrower, no general statements can be made.