Some lenders want to check the borrower’s credit history and solvency themselves, which requires attachments. So the purpose is good, but the process has become troublesome for the customer.
The appendices to the loan are a frustrating earthquake. However, it is possible to avoid the hassle of paperwork and put a chunk of bureaucracy on the net by applying for a loan. Before applying, compare the interest rates on your loans:
However, some online lenders require attachments. So how do you distinguish which loan providers require attachments to your loan application? Indeed, there are not many players on the loan market who do not require any attachments.
Which banks do not currently require attachments to their loan?
In practice, the banks will check every time that the information given in their loan application is correct. They can be either checked through pay slips or tax certificates or automatically from various databases such as Instant and Finnish customer information.
Examples of loans without appendices
- Saldo.com will verify your credit information in the Customer Information Register of Finland if you consent.
- Credit Money uses Instant only no attachments are needed. If you do not want Instant to give you access to the information, you will need to attach the attachments to the loan.
- I believe
In practice, Instant is able to check from your bank account how much revenue is being deposited into your account and whether your invoices have been paid on time. For example, gambling sites and other suspicious entities of a loan provider appear in the account information.
Conventional stake banks often require a customer relationship
Conventional stake banks often require a customer relationship to grant a loan, and switching a customer from one bank to another is such a laborious process that it already has to do more than just supply attachments.
However, the interest rates of the lenders vary enormously, so it is always worth comparing them in our comparison. So you know what kind of loan you would get the most – whether you included attachments or not. In any case, loan providers want to know that there is no false information in the loan application.