The popularity of fast instant loans, including online, has grown significantly over the past three years. If the poles have to take the amount in the range of 1-4 thousand rubles, then in 70% of cases they will turn to the loan company, not to the Bank.
What makes us borrow from these non-Bank organizations? First of all, a simplified way to attract additional funds. Credit card companies seek to limit the formalities involved. The tools that bring are intuitive to use. All of them are available online. This is a really big time and energy resource savings, which for many people is of great importance.
Fast verification process
Otherwise, than in banks, credit companies do not require certificates of income. Nor will they check our creditworthiness. In most cases, it is sufficient to confirm the identity of the borrower. If we use financial products offered through the Internet, such verification is carried out in two stages. First, we need passports. Secondly, access to Internet banking to make a transfer, verification.
Any goal, minimum costs
The second undoubted advantage of online moments is that we can allocate them for any purpose. The credit company will not ask about the fate of the funds, as is often the case with Bank loans. In addition, if we are clients of a particular entity, we can expect a loan for which the RRSO value is 0%.
Dynamic market development
The non-Bank loans market is a very dynamic sector. Its importance is growing from year to year. Only in 2018, the amount of loans amounted to 5.2 billion rubles. In addition, it should be noted that, since 2017, operators working in this industry are obliged to submit their activities to the register, which is maintained by the Financial Supervision Commission. What does this mean for the consumer?
A lot of bids
This situation in the market forces non-Bank companies to constantly develop the products offered and clings very much to the quality of the services it provides. This allows the consumer to choose from a variety of competitive offers-to take money on the most favorable terms. Another, important thing is the high standards of customer service that serious organizations just have to care about. It is also connected with the introduction of ethical standards and business. Trust is often the largest capital held by non-Bank loan market leaders.