We’re living on the Internet; why not borrow there?
Online lending has revolutionized the entire lending industry. In 2006, roughly 3.5 million people took out online loans, according to the Online Lenders Alliance, which is pretty astounding considering there was no such thing 10 years ago. But, when you consider all of the advantages of online loans, it’s really no big surprise.
If you need a loan, but don’t know where to start, or if you never got past “Go” with the bank or credit union where you have your checking account, American Unsecured can help with your online lending needs.
So much of life is conducted on the Internet. Correspondence, travel plans, jobs, job searches, research, looking for phone numbers, bill paying, real estate shopping, Christmas shopping, grocery shopping, pet shopping, date shopping and mate shopping. If you worked in a bank every day, applying for a loan while you were there would be a no-brainer. If you’re on the Internet everyday, it makes sense to apply for a loan on the internet … and you can do it in your pajamas.
Personal relationships with lenders are over
Even if you have accounts at local banks or credit unions, do you ever go inside? Do you ever go beyond the drive-thru lane or the ATM? Do you know your lender’s name? Have you ever met him or her face to face?
Bankers’ hours
The expression was minted for a reason. In the bad old days, banks were open from 9 to 4. Credit unions were rare, and there was a thing called a savings and loan. Things haven’t really changed that much – just try to take out a loan without taking off work.
Better rates
Gartner, an independent research corporation, estimates that online loans cost the lending institution 20 to 30 percent less than traditional loans. That means online lenders can give you a better rate. And with a margin like that, online lenders can be far more lenient and generous with their applicants.
Faster turnaround
You don’t need to spend a week biting your nails while you wait for a verdict from a bank. In many cases the acceptability of an online loan application is determined by automatic decisioning (basically, a series of if/then statements). So you can get a response in as little as 15 minutes.
See what American Unsecured can do for you today.
Need a loan? Get an online loan.
Your first decision will be whether or not to get a loan, but your second one will be where you’ll get a loan. In the past, small business owners went to a local bank when they needed a loan. Now, smart business owners know the way to get the best loan is to get an online loan.
One of the underpinnings of capitalism is that competition benefits the consumer, but getting quotes from several brick-and-mortar banks is too time consuming. Applying for an online loan solves that problem.
In most cases, online loan applications are approved or rejected within 24 hours, and in some cases, in just minutes. That quick turn around makes it easy to apply for an online loan with several lenders to compare their terms and rates. Once a decision is made on which loan offer to accept, the money can be electronically deposited into the borrower’s bank account with 24 to 48 hours. Read more
Online Lending
Online lending has revolutionized the entire lending industry. In 2006, roughly 3.5 million people took out online loans, according to the Online Lenders Alliance, which is pretty astounding considering there was no such thing 10 years ago. But, when you consider all of the advantages of online loans, it’s really no big surprise. Read more