Online Personal Loan Simulator: Know Where to Find It
It is very common for those looking for a line of credit to be interested in a personal loan simulator . The fact is, not everyone knows where you can find one easily, online and quickly.
Going to your bank and talking to your manager, he may give you some information if you have a pre-approved amount, but it takes a lot of effort, doesn’t it? So let’s talk about online options today.
Online Personal Loan Simulator
Some banks offer their clients a personal loan simulator through internet banking and its applications. However, in general, only clients with pre-approved values get loan installment value estimates.
However, there are today fintechs and comparison companies that offer consumers the ability to simulate loan installments online.
On Lendico’s website, for example, customers find an online loan simulator. It works as an estimate for clients who want to have a sense of installment values for each loan amount without first submitting their data.
Although there may be a change in values, as personal loan simulator considers average rates and the client will need to go through a credit analysis, the results give good estimates to those looking for a loan.
The customer’s advantage of the simulator is that it has access to a result quickly, without compromise and at no cost. There is no change of screen. All results appear by simply changing the loan amount and repayment time fields.
After using Lendico’s personal loan simulator and deciding that he really wants to borrow, the customer goes to the page for a full review. He then makes a registration on the site and informs his first data. These are used for credit pre-analysis, which will tell you whether or not the customer has been pre-approved.
The pre-approved customer then receives their fees (interest and CET) and knows what amount has been pre-approved for him. In addition, you can see what the value of the parcel would be under these conditions. These numbers may differ from those of the personal loan simulator because the data provided by the customer is now being considered.
Accepting these conditions, the customer then goes to the verification phase of the informed data. This is done by submitting the requested documentation on the site. If all is correct, the values and conditions offered in the pre-approval are maintained. And if the customer accepts, he chooses how much he wants to hire and how he will split. You will then confirm your checking account and digitally sign the contract. Ready! All right? The money is deposited on the same day as the contract signature or the next business day, depending on the time.