If you have a financial bottleneck and decide to apply for a loan , you can either do so at a branch bank or on the Internet. In both cases, the borrower has to observe various conditions and fulfill requirements. Branch banks require a positive credit rating. If the applicant has a negative entry in the Schufa and thus a negative credit rating, then he has no good chance of a loan approval. The situation is different with the loan offers on the Internet. Here, various banks have also specialized in borrowers who can not provide positive Schufa information. With such offers, only the self-information, ie the loan application is completed completely and truthfully. Also, it only takes a few days for the online bank to give a commitment or a rejection. The reason for the short waiting and processing times lies in the fact that online banks can do without a branch network and therefore can save costs. This advantage is then passed on immediately to the customers.
Seriousness is important
Before a borrower with a negative credit rating applies for a loan online, he should obtain a comprehensive overview of the offers available to him. This is best done in a credit comparison, which can be done online without obligation and free of charge. If a loan without a credit check is found, which can correspond to the own needs, the request can be put online. Applications should only be submitted to reputable lenders. A characteristic of seriousness is, for example, the fact that the registered office of the bank is located in Germany or at least in the European Union. On the other hand, in the event of insolvency of the bank, no guarantee can be given. Test reports from other borrowers and analyzes by market research institutes can also be helpful in making your own credit decision. Financial portals repeatedly test various online credit institutions for their respectability and credit conditions. A comprehensive look at the Internet is so worthwhile to quickly get back into a financial balance.