Friday, 23 August, 2019

Personal Loans: Which To Choose?


The offer of personal loans is very varied. Every bank and the financial company offers, in fact, different products designed for specific needs or aimed in general to all those who need a loan. How to orientate, therefore? A personal loan through GreenDayOnline can help you take control of your finances.

Which personal loan to choose? Evaluate your needs

Image result for Which loan to choose?The first step to be taken to orientate among the different personal loans is to identify what is your profile. As is clear to those who have already had dealings with banks and financial institutions, the profile of the applicant that everyone would want for the granting of a personal loan is that of a permanent employee, in a solid company and with a contract signed by many years. However, we know well how matching these characteristics is rather difficult, especially in today’s diverse job market. Not corresponding to this profile, however, is one of the reasons that could push the financial to reject a personal loan. The solution to choose a suitable loan, in this case, is to choose a loan designed specifically for the profile that most corresponds to your personal case, such as a student loan, for housewives, for retired people, for protesters, for those who do not have a paycheck or for bad payers. The types of loans are many and refer to the specification sheets on the site, where we address in detail the characteristics of all types of personal loans.

A second aspect to be evaluated to know which loan to choose is the consideration of any specific needs. One aspect not to be overlooked is in this sense the need to use methods of return other than the debt on the bank account or even the provision of the loan through a form other than bank transfer. If it is true that these two modalities are those proposed in most cases, it is also true that they do not meet the needs of all those who apply for a loan.

Also, the need to request high amounts (above eg € 20,000) is a condition to be assessed before submitting the request for a personal loan. In fact, not all lending companies have products designed to do so for non-finalized loans (different is the case of loans or mortgages).

Which bank to choose for a personal loan

Image result for Which loan to choose?A second doubt involving the choice of a personal loan is the bank or financial institution to which to apply for a loan. If you choose a personal loan, you have two options: contact the bank or the banks with which you already have dealings or apply for a loan with a different bank or financial institution.

In the first case, the request could prove to be advantageous because knowing the client already, the bank has a better chance to evaluate its financial possibilities and profile. As a rule, banks with which they have been dealing with for several years are more likely to grant loans, especially if in the past they have already shown that they are able to repay loans or loans received.

The second possibility is instead recommended if your bank is not able to provide a personal loan and if the bank products do not correspond to the needs of those who request the loan.
Please note that it is not rare to obtain a personal loan from a person other than your bank, even if the latter has previously refused to grant a loan.

In order to identify which bank to choose for a loan or which type of loan is right for us, we always recommend comparing as many personal loans as possible with those who provide them, not neglecting online offers and the help they can give a tool like a comparator, able to compare in a few moments many offers and different providers.