ONLINE

LOANS
 An online loan is a planform
•What is an where you can barrow
money through online
Online Loans without visiting the
lender's physical Office.
How does an Online Loan work

To get an online loan, you’ll need to

visit a lender’s website or download the
application and fill out a loan
application form. Most lenders will then
conduct a credit check to evaluate
your creditworthiness. Based on what
they determine, they’ll decide whether
to approve your application.
 Advantage and Disadvantage

ADVANTAGE
• Convenient
• Limited Documents Required
• Faster Loan Processing
• Assets are Protected
• Various Payment Channels

DISADVANTAGE
• Limited Amount
• Short Loan Term
• Higher Interest Rate
• Full Payment Required