In need of a loan? Looking for a pay-out process that is as quick and simple as possible? Every aspect of modern life requires a speedy service and when it comes to loans we expect nothing less.
Internet advancements have made it much easier for people to access loans quickly and as a result, the popularity of online loans continues to rise.
Flexy Finance offers a quick online loan service that doesn’t require any phone calls or paperwork! Using cutting-edge technology, clients are matched with the best direct lenders within just seconds of submitting a single online form.
If you’ve only ever considered borrowing from brick and mortar lenders, such as banks, read on to discover the benefits of online loan applications that you may never have considered before…
1. Easier To Qualify
Banks are notoriously selective when it comes to deciding who they want to lend money to. If you’ve been refused a loan in the past, your financial situation may be holding you back from getting the support you need.
It is far easier to get approved for a loan online and there are also a lot more options available. Even if you have a poor credit score, you can find online lenders that specifically deal with bad credit loans.
With more and more lenders emerging online, increased competition has resulted in lower interest rates. With Flexy Finance, if you are a UK citizen, over the age of 18 and meet the lender’s criteria, you won’t struggle to successfully apply and will benefit from a fixed rate repayment that can be paid back over 1 to 24 months.
2. Apply Anywhere
As long as you have a working internet connection, there are no limits to where and when you can apply for an online loan. This flexibility means that you don’t have to book an appointment at the bank’s earliest convenience or spend time on the phone to a lender during a busy, working day.
Another advantage of no phone call loans is that they’re available 24/7 and you can find one any day of the year, even on bank holidays like Christmas. Not limited to opening hours and closing times, the loan is yours to apply for as and when you need it most.
3. Speed Of Service
Closely linked to the ease of application is the speed of online loans.
Instead of having to fill out a form by hand in your local branch, online applications can take just minutes to complete. What’s more, traditional loans take longer to get processed, which means you could wait several days to hear an outcome, sometimes to no avail.
Online lenders use data to gain a fuller picture of the borrower. When using comparison sites like Flexy Finance, it takes just seconds to be redirected to the best matched lender.
4. It’s Private And Secure
Most people want to keep their finances private. No phone call loans give the option of applying from the comfort of your home, where you can submit your personal details online rather than discussing them on the phone with a stranger.
People using online loans have much more security than they used to. Now, all legitimate payday lenders and comparison sites have the FCA logo on their website and can be found on the FCA Financial Services Register.
Most comparison sites don’t ask for additional documents or expect you to wait in long phone call queues to discuss your application in greater detail.
Flexy Finance's Application is online from start to finish, you will never receive a call about your loan from us or our direct lenders.
The entire process is private and secure.
5. Eliminates Risk Of Fraud
The benefit of this security is that it removes the risk of getting phone call loans from fraudulent sources.
The FCA is receiving more and more reports from people who have fallen victim to phone call loan scams.
Important to know: You might receive an unexpected phone call asking you to pay a fee before the loan goes into your account.
This fee is often described as a deposit that’s fully refundable, but after the fee is paid, the promised loan never gets deposited. This is known as ‘loan fee fraud’.
It’s important not to trust a loan offer that is based solely on texts and phone calls. When your phone rings, so should the alarm bells.
With Flexy Finance, you can trust that your details are protected and not passed on to third parties.
If you have fallen victim to this type of scam, report it to Action Fraud and immediately inform the bank to get your card cancelled.