Payday loan and credit companies are going to stay and for sure this trend will be the most common and natural way of borrowing money for years to come. Using your computer, your smartphone and your cell phone is no longer just an exclusivity for Facebook, Twitter, Tumblr, Whatsapp, Instagram and other media, on the contrary, today all people use the internet to shop and live connected in the digital world.
You are not old enough to use Internet services and conveniences, and one of them is to research, compare, simulate and borrow online in the most practical, easy and safe way in a few minutes and receive the same day money. But if you have not yet realized that the world is changing, we are here to take all of your most important credit-related questions.
The online loan is available to individuals and businesses, and by the way, getting a small business loan is not as difficult as years ago even with the poor economic environment we are living in the country.
In fact, small and medium-sized businesses typically find it difficult to obtain financing compared to large corporations simply because of increased credit restrictions and new lending policies.
However, when it comes to companies, entrepreneurs should deal with loan terms a little stricter than loans for individuals. Good, but as micro, medium and large companies make up a large part of the national economy, their success translates into broader economic expansion and that means more credit and alternative financing for them.
Anyway, do not let the lack of money during your construction, travel, marriage or being cramped because of the various debts get in the way, which is why it is crucial to have access to money borrowed from banks, financial and alternative means such as financing collective crowdfunding and Lending P2P.
So let’s demystify any fear of lending and credit companies or fear of making loan online.
1. Loan and credit companies are trusted
Of course yes! Hiring a payday loan online is as safe as using your net-banking. In general transactions are protected and your data is not in danger of being intercepted. Even hiring by cell phone or smartphone is safe, SSL protects your order and personal data.
But you must take the care of always, evaluate, research on the company you chose to be your lender. Also be aware of the terms of the contract, the interest applied and additional fees charged irregularly. And if you have questions, even though the loan companies are online, they have face-to-face services, call and talk to someone if you have to.
2. The loan is 100% online
Yes, most of the time you will not have contact with human beings, in applications or websites, the system conducts the whole process and you only need to follow the steps that the system itself will take care of.
At credit platforms and online sites you register, choose, order in the simplest and most uncomplicated way possible from anywhere with internet connection and receive the money requested in the account in just over a few hours.
As online lending companies are virtual, there’s no point in going to the physical store, almost 90% of companies pay 100% online. Access the 12 best online loan companies here and know a little of each one.
3. It is fast, easy and uncomplicated
Loaning over the internet offers many advantages for the online user, from accessing the sites, completing the registration and sending documentation, the analysis and approval time is almost record, between 5 and 15 minutes, up to a day to deposit the money in the account.
But it will not be intolerant if this time passes, it may be greater depending on factors such as processing errors, inadequate documentation, mismatched information and documents and even the lack of the internet. But once the process is all right, the completion of hiring is always fast.
4. Credit platforms and fintechs in the credit market
The platforms are websites with advanced credit assessment systems, the fintechs are banking correspondents who perform the function of intermediary credit operation for banks and financial, simple as well.
Fintechs are not exclusive to Brazil, they are all over the world changing the way people relate to financial means in the credit market and also with credit card, insurance, means of payment and even accounting for companies.
So, using the services of lending and credit companies, whether fintechs or cooperatives, you are insured and can apply for your loan without fear, just just take the usual care that everything is right.