For a long time, loans have not only been applied for at the house bank or another bank with a branch in the home town. The internet credit market has been booming for years. Initially only used by the direct banks, it is now also the traditional banks with branch operations that can no longer live without the Internet and therefore offer their products here. The competition on the Internet is therefore particularly great. For us as customers and users, this means that we can skim off the cream and only have to use the best offers.
Among other things, it makes sense to take out a loan with an online decision. A credit request can be made conveniently from the comfort of your own sofa and answered in the same way within a very short time. Even if the online decision is always only a preliminary decision, which becomes a firm commitment as soon as all the credit documents have been checked, this first commitment can be rated as quite positive.
How does a credit with online decision work?
A loan with an online decision can only be taken out over the Internet. Otherwise an online decision would not be possible. In order to be able to contact a bank about a loan, it is worthwhile to carry out a comparison in advance. It shows the best offers, which can then be ordered afterwards.
The comparison is carried out with the help of a loan calculator, which we provide to you free of charge and without obligation. You only have to enter the loan amount and the desired term in order to find suitable offers. However, the offers shown are not yet tailored to the customer, but always of a general nature. The adjustment will only take place if you then contact a bank directly to be able to use the loan offer shown.
The relevant bank will provide you with all the necessary forms for the application. You can usually find this on the bank’s website. Just follow the corresponding link and you save yourself a long search. Fill out all the important fields and send the forms back to the bank by email or directly via the website. This checks the information in the form automatically and will give you an initial online decision. You would have found your credit with online decision.
However, since the online decision is not yet binding, but only becomes firm when you have sent all the documents to the bank and the loan agreements have been signed by both sides, you should hurry and make sure that you also complete these steps quickly. The bank does not have to keep the loan offer for a long period of time, but can withdraw from it at will.
You should pay attention to this
Note that you only have a firm loan commitment once the loan agreement has been signed by both parties. This also applies to a loan with an online decision and is particularly important if, among other things, you want to use the loan to replace another loan. In addition, all information in the loan application must be correct and truthful. Otherwise, the online decision quickly turns into a rejection and you have to look around for a new loan offer.