Online credit: how to choose the best online bank?
It is nowadays easier to obtain credit on the internet simply and easily thanks to online banking. Thus, you can easily finance your projects such as your work, your studies or major events. However, for this, it is important to inform yourself well upstream in order to choose the most suitable offer for your situation. Here is an article in which you will find out how to choose the best online bank.
Select a loan according to your financing project
Before choosing your online bank, it is preferable that you identify a priori the type of credit that best suits your financing project. Indeed, you have the choice between several credits: personal credit, revolving credit and assigned credit, each of them meeting a specific need.
- Personal credit
This type of credit is suitable for short or medium term projects. Younited Credit, Oney, Kreditiweb, cetelem and cofinoga are the 5 best banks on the internet for this category of loan.
- Affected credit
It is used for the purchase of a specific good such as real estate or a service. Here are the four best banks to take out this type of loan: Younited Credit, FLOA Bank and Cetelem.
- Revolving credit
It is a type of consumer credit taking the form of a reserve of money, available at any time. The best online banks for this type of loan are: Younited Credit, Cetelem, FLOA Bank and Cofidis.
Ensure the credibility of the bank
Several thousand banks exist on the internet today. However, among these are scams. It is therefore essential to know how to choose the ideal bank.
Fortunately, there are a few tips to check the reliability of online banks.
Indeed, verifying the reliability of a bank amounts to: first checking whether the bank is on the list of companies of ORIAS (Organization for the single register of intermediaries in insurance, banking and finance), then making sure that the bank does not charge fees for studying files and finally check if the bank requires you to submit proof of income and tax notices.
Analyze the competitiveness of interest rates
It is essential to analyze the interest rates of online banks to better choose the best. To pass this analysis, you must take into account the APR (Global Effective Annual Rate) which summarizes all the costs related to the credit application.
With the APR, you will be able to know if your budget will allow you to cover the expenses to be reimbursed each month and thus choose the best bank that suits you.
To choose the best online bank, it is important to follow the three steps above. Of course, there are other tips for choosing internet banking as well, but the three mentioned above are essential when choosing the best online bank.