Online Loans are Much Cheaper than Credit Terms
Anyone interested in getting a loan these days is usually smart with the Internet and looking for cheap credit. This is because online loans are often much cheaper in comparison of credit terms, as the so-called branch loans. What is justified, in particular in simple loans, such as a installment loan, in the fact that a consultation by the bank is often no longer necessary and this saved consulting fees can be passed in the form of a cheaper online loan to the customer. As a customer, you no longer have to go to the office of the bank to apply for the loan.
The application for an online loan generally has numerous advantages, starting with the time savings over the temporal unboundedness up to the possibility of being able to contrast numerous offers for an online loan by means of a comparison. But even with an online loan, the applicant must provide the necessary documents and we will show you which information and documents are required for successful online credit.
Online credit: Personal details and documents must be available
In principle, however, when making an application for an online loan , it should be noted that the lending bank needs a great deal of information along with the corresponding documents and documents in order to ultimately be able to make a credit decision. The basic information when applying for a loan includes the personal details of the person seeking credit. What primarily includes name, address, date of birth, but also occupation and marital status. Of course, it must also be specified which loan amount is to be taken over which period.
Consent to SCHUFA information and proof of income
In addition to the personal information, the following documents must be presented and consent given. Necessarily require the submission of proof of income so that the lender can assess whether it will be as a loan seeker is able to pay the required credit properly and to pay the agreed interest rates. Proof of income can usually be provided either by a salary certificate or by submission of bank statements showing paychecks. In the case of an online application, these documents can usually be scanned and sent by mail to the appropriate bank.
Other documents that are often also required include SCHUFA information. However, you do not have to submit these personally, but you must allow the bank to obtain SCHUFA information. In particular, when it comes to larger loan amounts, some banks want to have a list of assets from the loan seeker. This statement of any assets should serve to collateralize the loan, if necessary, using this asset.
The legitimation by means of the Postident procedure
Anyone who chooses an online loan must legitimize himself to the lending bank in accordance with German legislation. Since this is not possible – as in the office – by personal means by presenting the identity card, in most cases, the so-called post -identum procedure takes this place. To do this, you have to go to a post office as an applicant for a loan and present your ID there. The Post employee then sends the corresponding data to the bank and confirms that the ID card was present. Through this process, the bank fulfills its duty to determine the identity of the customer. After all, loans may of course only be given to existing persons. In the meantime, some banks are also making it possible to legitimize themselves using the online Ident procedure. This significantly speeds up the credit process.