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Online-Credit.

Until about 15 years ago, almost every consumer in Germany who wanted to take out a loan had to go to the office of his bank. This has changed dramatically in the age of the Internet, so more and more citizens are taking advantage of the opportunity to apply for a loan online and to complete the entire online process. All those loans made available by the banks over the Internet today are called online loans. Basically, the online loan is not a stand-alone type of loan, but a collective term for all loans that are awarded over the Internet.

What types of online loans are there?

What types of online loans are there?

In the vast majority of cases, an online loan is automatically an installment loan, which is also given by many branch banks. The only difference is in the type of application, because online loans can only be requested via the Internet, specifically via the website of the respective bank. In contrast, the classic installment loan is often also available at the office of the bank, where it must be requested by the customer. The online loan can often be characterized by particularly favorable conditions, especially compared to traditional installment loans, which are awarded at the office. This is mainly due to the fact that the lending banks online due to the faster and more personnel-saving processing, a cost savings, they pass on favorable terms to their customers.

Where can online loans be applied for?

Where can online loans be applied for?

First and foremost, of course, there are direct banks where online loans can be applied for. In addition, in recent years, however, more and more banks have made loans available through their own website in addition to their offer in the office, so that both branch loans and online loans are offered. The application itself relatively easy, because almost every bank that offers online loans, is on the website a corresponding form. This must be completed by the customer and then sent either online to the bank or sent by post to the lender by post.

 

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