Many first apply to their house bank for a loan because it is convenient. You know the clerk, have your checking account there and handle all financial transactions through the bank. Apart from the fact that there is a risk of paying higher interest rates, many find it rather uncomfortable to talk to the bank advisor, because this is where the reason for the loan is asked. If you want to avoid this, you should use the offers of the internet banks to avoid unpleasant questions.
The purpose of usage
The house banks, no matter what they are, always ask in a personal conversation what purpose the loan should be used for. It is quite possible that a loan will only be rejected for this reason. It happens very rarely, but it does happen. Loans without a question are only available on the Internet. As a rule, an online loan application is not asked for the purpose. This saves applicants from having to answer annoying questions.
Save money with online loans
Choosing an online bank has other advantages too: the conditions. Interest rates are at a lower level than at the house banks. In addition, online banks offer better payment methods. In plain language this means that there is the possibility of a break in payment, which is not the case with house banks.
Online banks also offer the option of free special repayment. This means that they waive early repayment penalties if a loan is repaid early. For the reasons mentioned above, there is a lot to be said for opting for loans from an internet bank without any questions.
It is not possible without Credit Bureau
Loans without questions do not mean that the creditworthiness is not asked. In Germany, the applicant’s creditworthiness is always checked without exception, even with a regular income. When borrowing via the Internet, customers just don’t notice it. Loans without questions therefore do not mean that a credit check is not done.