6 Frequently Asked Questions about Online Loans

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Online loans are not a new issue, but even after some years of validity and activity, the issue still generates very important questions in users and accredited. In this article we compile a list of 6 frequently asked questions, questions that are not random because, to offer the best content in a contextual and conceptual way, they were collected and authorized by the same users and accredited by MaxTurbo Finance

 

6 Frequently Asked Questions about Online Loans

They are fast?

online loans

Online Loans are much faster than traditional loans. This is a reality. This happens because all the procedures are carried out directly on the internet, it is not necessary to attend branches and make lines, nor do you need to schedule meetings or meetings with account executives, everything can be done 100% online or by phone.

This is one of the biggest advantages of online loans, because if you have a business to attend, you are busy in the office or busy with any project, you simply enter the platform and start filling out your application.

 

They are truthful?

online loan

This question is perhaps the most relevant when it comes to internet loans. The answer is fortunately simple, as long as the platform proves to be regulated and endorsed , it is safe and reliable. Who is responsible for this is the CNBV (National Banking and Securities Commission) as well as CONDUSEF (National Commission for the Protection and Defense of Financial Services users).

Therefore, online loans are reliable as long as they have the seal of both institutions. MaxTurbo Finance is currently the only P2P Lending platform endorsed and regulated by both commissions.

 

Are cheap?

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When compared against traditional loans, online loans are the cheapest. This is because, in most cases, the costs generated by traditional banking (branches, points of sale, etc.) are eliminated, so interest rates tend to be much lower than in any other type of loan.

Having said that, it is very important that the services are reviewed and compared. Always ask what is the lowest interest rate available? And which one is the highest? What to look for and demonstrate is the transparency of the online lending platform.

 

Are they simple?

Are they simple?

The goal of any online loan platform is, among many other things, to make life easier for users. That is, each platform must ensure that it is simple to use, easy to navigate and fully transparent.

The quick answer is YES, they are much simpler simply because of the time and bureaucracy savings they represent.

 

What Requirements Are Needed?

online loans

The requirements are particular to each platform. MaxTurbo Finance only asks to have a good credit history, proof of income, official documents and, since everything is online, fill out the application from any mobile device or computer.

 

Where can I apply for a loan online?

Where can I apply for a loan online?

In MaxTurbo Finance you can start filling out your application, you will have your pre-approval in less than 5 minutes and an interest rate offer that is directly proportional to your credit history. Once you finish filling out your data and documents, the loan will be granted in 48 hours or less.