1, loan terms
Many online loans are credit loans, but the conditions are still different. In addition to applying for age limit, student loans are generally not allowed, and there are other requirements. For example, some people will check the credit information and pay more attention to the applicant's personal credit; Some will also refer to some credit scores, such as sesame credit, which should be clearly understood before lending.
2. Loan costs
First look at interest. Although all online loans are repaid on a monthly basis, they actually bear interest on a daily basis. Generally, the daily interest rate is around five ten thousandths, and the interest rate with good qualifications will be low. If it exceeds this interest, don't apply; Secondly, see if there are any other expenses. If you want to transfer money, you will receive a deposit or something, so don't consider it.
3. Loan amount
Different online lending platforms provide different loans, some of which are only a few thousand, and some have a maximum amount of several hundred thousand. If the loan amount is not very large, you can choose a small online loan, which is easier to approve; If there is a large loan demand, it is recommended to choose a formal and licensed institution for online lending, but the requirements will be high. Of course, how much depends on everyone's qualifications.
4. Loan speed
People who want to borrow online loans are definitely in urgent need of money, and the speed of online loans is also very important. If you want to borrow money quickly, you should choose those online loans that are automatically approved by the system and can be audited 24 hours a day. After all, if there is manual review, the loan will definitely be slower.