The modern loan sector is becoming an increasingly attractive alternative to banks’ offerings. Some time ago, it was emphasized above all that the availability of non-bank loans was much easier than in the case of bank loans: solutions such as popular loans for proof and with an absolute minimum of formalities were certainly a much more convenient option for clients than submitting a complete set of documents in bank branch.
However, it is worth realizing that the non-bank loans sector can currently compete with banks not only in terms of the availability of their services. The offer of modern loan institutions is also simply more and more attractive in terms of costs, and in addition it often contains various promotions and other amenities that you will find in vain in bank offers.
Evidence loans: what is worth knowing about them?
As the name implies, proof loans are available to consumers with the bare minimum of formalities. We can get these types of loan products simply on a statement. What does it mean? When completing the loan application, we provide your basic personal data and make a statement about the amount of income we earn. Then the loan institution verifies our history expressly in specific databases, such as, for example, the Credit Information Bureau, KRD or the Economic Information Bureau. The whole procedure often takes literally several minutes, after which the loan amount goes to the client’s bank account.
Evidence loans and online loans
Customers often wonder what the difference is between popular proof loans and fast online loans. In the strict sense, the term loan-for-proof refers to loan products that can be obtained at the branch office of the loan institution after presenting an identity document and completing a short loan application.
Does this mean, however, that online loans have a more complex structure? In no case! Here too, we often deal with loans based on a statement. The difference is simply that the loan application is submitted electronically. The procedure of verification of our creditworthiness and bidding is also carried out online. What about ad loans that prove to be online loans? In this case, will it be necessary, for example, to send a scan of an ID document? Not necessarily. A proof loan is a certain advertising slogan that indicates the easy availability of the loan. In the case of online loans, personal data verification is almost always done either through a quick verification transfer or by using modern services such as Instantor or Kontomatik. The need to send a loan institution a scan of an ID document is a very rare situation in today’s realities.