As mentioned, these figures from 2014 are why the figures are very likely to be larger here in 2018. The accounts among the various providers indicate at least a massive growth. Below is the graph from the Danish Competition & Consumer Agency’s report, which shows a clear growth in the merchant market.
With an easy and fast setup that allows you to apply and get answers online, merchants have seen and exploited huge potential in the market. So, instead of being a consumer going down to school with your bank adviser, everything happens online and the requirements for being approved for a quick loan are also somewhat more lenient compared to the banks.
Take advantage of online
Although the banks’ requirements for your personal finances are greater, you should only see it as something positive. If you are denied a loan, it is very likely because your finances cannot bear to pay off on a loan.
Do you know what a quick loan is?
Many merchandise providers market themselves in that you get the money in your account right away. But in reality, the concept of short-term loans covers loans that, in principle, have to be repaid quickly – that is, short-term loans. In addition, the loan amount itself is often at the lower end.
Mortgage loans fall under the category of unsecured loans, which among other things also covers consumer loans, collective loans and private loans. Common to them all is that they are loans without collateral in the form of, for example, mortgages in houses or cars.
But even if it is easy and fast, you as an applicant should make yourself the service of examining the alternatives to quick and SMS loans. With towering interest rates and AOPs, it may not always be the best solution.
Always obtain offers from several
The alternative to quick loans is the more traditional consumer loans that both online banks and traditional banks offer. Here you will often experience lower interest rates and AOPs, which ultimately means cheaper loans. But you should always obtain and compare loan offers from several banks so you are sure to get the best loan.
At Puck, we have made it easy to apply and compare personal loan offers from several banks. You just fill out one application on Puck.dk, after which we collect offers from several banks. You compare your offers easily and clearly and choose the loan that suits you best. The bank then pays the money to your account.
Apply for a loan Fill only one application and receive offers from several banks. Free and no obligation. apply now
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