Express consumer loan, what is it?

A traditional bank now offers a quick subscription to an online consumer credit. Banks on the internet are not the only ones to offer express loans.

A traditional bank now offers a quick subscription to an online consumer credit. Banks on the internet are not the only ones to offer express loans.

Express credit how does it work?

Online banking is clearly changing the habits of the French. From a smartphone or tablet, it’s easy to access any banking service. Traditional banks that have a physical agency network are not immune to the digital revolution. Thanks to the online spaces, exchanges are facilitated whether with an advisor or to carry out remote operations. Online banks and neo-banks go further by offering to take credit online.

A home loan and a consumer loan can be made from a computer or smartphone. The banks of the new generation are no longer alone in offering these services. Because a banking institution well established in each French region also proposes to subscribe a consumer credit in an express way, all in a dematerialized way.

Data to study the feasibility

Data to study the feasibility

The bank promises a short time between the request for credit and the acceptance of the file. For this, it relies on the automation of certain tasks. Today, all bank accounts and financial transactions are entered into databases. Thanks to data analysis, a bank robot can first study the feasibility of the project. In this way, the chequing accounts are examined in order to establish the habits of the banking customer.

Regular overdrafts or late payments may alert the software to the risk to the requester in the event of a new credit. The amounts available with a conso express credit range from 1,500 to 30,000 euros. The answer is therefore fast. In the future, mortgage credit could also be concerned. The bank hopes to propose a delay of less than a week to publish the housing loan offer.

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