Loan from online loan app companies

[rifman]

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

 

[Edulady]

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]

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.

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

 

[timewo]

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

 

[saoussen5765]

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

 

[gammarays]

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]

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

 

[nomad]

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

 

[Mikky]

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

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]

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

 

[Mikky]

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

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

 

[nomad]

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

 

[Mikky]

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

 

[fcbetting]

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.