Let's talk about Internet and bank loans and see which process is faster and easier. Today, many people turn their eyes to Internet lending, which is fast and popular。

It depends on how fast the loan is going to go

Would you like to know which of those loans is faster? Let's find out exactly。

Let me first look at the time of application and review. The period of review of the loan is relatively short. Bank loans require many aspects, such as credit records, revenue flows, job stability and so on, which naturally takes more time. Net lending does not exclude these, but it uses technologies such as big data to improve efficiency and to quickly review the information of lenders. In the case of micro-credit, it is only necessary to submit some basic information to be completed within minutes to hours。

Next is the auditing criteria. Criteria for meeting bank loan requests, such as good credit ratings and past credit history, and the ability to repay loans on a regular basis may be difficult for some. The auditing criteria for Internet lending are relatively less stringent, so many prefer to choose it。

In terms of the speed of lending, Internet lending has also won a relative advantage. This is mainly due to the fact that it is not subject to a complex audit process, and that it is then possible to release funds quickly and effectively improve the efficiency of lenders ' financing and use of funds. Bank loans, however, involve a number of factors, such as advances, and the assessment of collateral, which results in a longer audit cycle, resulting in higher time costs。

If you still prefer bank loans, you need to prepare the necessary information, such as loan applications, identity documents, proof of income, etc. Then you need to apply for a loan at the bank, sign a loan agreement, and then the bank will make a preliminary review of your information. If you intend to apply for a mortgage, you also need to register and file a mortgage. Finally, the bank will make a final review and will then be able to inform you of the amount and length of the loan。