Online financing is increasingly widespread, because it is very easy to find on the web and often accompanied by advantageous contractual conditions. In fact, a simple search on any search engine is enough to discover many loan offers directly accessible online, without having to physically turn to a bank or other credit institution. To offer this service are perhaps companies active only on the web, but also traditional institutions have now developed important sectors of e-banking, online banking services, including credit access.
Online financing works in the same way as traditional loans: the applicant gets a certain amount, perhaps subordinated to its use for a certain purpose (so we speak of specific loans) in exchange for a certain interest rate to be paid to the creditor at the time repayment of the capital received. Furthermore, guarantees are often required to reduce the level of risk in the eyes of the bank. On the web, many offers promise a relaxation of the most difficult to meet contractual conditions: thus, loans are often presented with very low rates or that do not require special guarantees (among these, among the most sought after are the online loans without pay, which do not provide for the presentation of their salary to the body providing the loan).
However, finding your way around all the possibilities of accessing credit online may seem difficult: perhaps it is better to turn to the trusted bank? First we could use one of the various comparison tools available online: they are specialized sites that, by entering little information, provide an online quote that specifies the conditions to which the loan will be subjected, for example with reference to interest rates. The TAN, nominal annual rate, could be low, but the APR, the annual percentage rate, which includes all the expenses to be incurred to get the loan, could be much higher.
To get a quote on online financing, choose a site that compares the offers and fill in the requested information: the amount to borrow, the preferred duration of the repayment period, the frequency of the installments and, often, the purpose of the loan (purchase of the house, car, renovations, etc.). You will probably also be required to live and work in order to certify the level of risk.