Loan from online loan app companies

rifman

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• Jul 6, 2022

• #1

Have you ever availed personal loans from online loan app companies?

 

Edulady

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• Jul 18, 2022

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I have actually come across sites where they offer loans. To be honest I doubt I would take the loan. Maybe it's because I am too old school. I believe in getting a loan from your local bank.

 

rifman

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• Jul 18, 2022

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• #3

Edulady said:

I have actually come across sites where they offer loans. To be honest I doubt I would take the loan. Maybe it's because I am too old school. I believe in getting a loan from your local bank.

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I too belong to that old school and I don't believe in such loan apps.

 

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timewo

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• Aug 6, 2022

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There is too much negative news about the online app companies, they harass the borrower, circulate defamatory photos, so it is risky

 

saoussen5765

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• Sep 1, 2022

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Really I do not trust because I am not familiar with their requirements so far.

 

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gammarays

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• Sep 19, 2022

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Yes there are many online loan apps. They're sort of mini credit facilities. They don't collect paperwork or collateral from you. However, their interest rate is very high than normal bank rate.

 

Starmix

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• Sep 19, 2022

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I was supposed to apply but when I asked about the interest, I backed out.

 

nomad

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• Sep 20, 2022

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These loan apps work only in Europe or America, I am based on Asia.

 

Mikky

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• Sep 20, 2022

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nomad said:

These loan apps work only in Europe or America, I am based on Asia.

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I don't think so, here in my country there are tons of loan app but the interest rate is way too high . I'm based on Africa .

 

nomad

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• Sep 20, 2022

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Maybe you are talking about a local loan app. I was referring to platforms like lending club.

 

Mikky

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• Sep 20, 2022

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nomad said:

Maybe you are talking about a local loan app. I was referring to platforms like lending club.

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Yeah that's right because I know nothing about this lending club.

 

nomad

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• Sep 20, 2022

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lending club is a peer-to-peer online loan company.

 

Mikky

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• Sep 21, 2022

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I get it now, it's not available here in my region but our local loan app are pretty good .

 

fcbetting

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• Sep 21, 2022

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Rather loan money from local bank than from those companys. Those comapanys can hide many stuff including some terms which can increase interest for 50%. It enough if they hide some fee. Local banks must be in law and they are hosted in your country. They can't just change rules like those apps.