How to choose a loan?

In front of a whole panoply of online loan offers made by various credit institutions and banks, it is difficult to find and decide. Consumers get lost and cannot decide for themselves the offer that could suit them. Fortunately, the existence of several online tools has changed the situation. Examples are online loan simulators and online credit comparators. These tools allow you to optimize your choice. They are now available on several web platforms such as bemoney.be.

An online loan with or without proof?

An online loan with or without proof?

Although they can both be processed online, these two credits have significant differences. Indeed, as their names indicate, the dissimilarity is at the level of the documents to be supplied when the request is made. These are supporting documents for the use of the requested amount.

In the first case, the creditor demands them. The latter then wants to know the nature of the loan request online. Based on this information, the financial organization defines the type of credit it must grant to the applicant: car loan for the purchase of a car, work credit for everything relating to real estate, personal loan or credit consumption for daily needs, etc.

In the second case, no documentary evidence of the use of the loan is requested. The consumer is then free to use the amount he sees as he sees fit. He can carry out any type of project that is close to his heart: buying a property, repairing his home, meeting everyday needs, travel, etc.

The advantages of online loan with proof compared to without proof

The advantages of online loan with proof compared to without proof

If these two forms of loan are different, it is because necessarily one has the advantage over the other. Indeed, for everything concerning miscellaneous costs and interest amounts, it is better to choose the loan with proof. By informing the destination of the loan to his creditor, the borrower provides him with some sort of guarantee. Thus, in the event of a reimbursement problem, the car or the property could be confiscated. For a loan without proof, the creditor has no way out of this information. He will then be content with a legal proceeding which could be long to obtain his reimbursement. This is why the value of an online credit without proof is greater than that of a loan with proof.

In all cases, consumers are always invited to make an online comparison or simulation to better determine the offer that suits them best. It is an easy operation. Users do not need to disclose too personal information, but only basic data that would allow the devices to make calculations and direct them to the offers that give them advantages. In addition, the tools intended for this purpose are easy to access. Several websites like bemoney.be offer them. They are usually free and without obligation. You don’t need to create an account to access it.