Have you observed that the difficulties in getting loans is reducing as the days go by?

[Min George]

I had a call from my own bank to come to the branch. And when I went there, they were selling a loan offer to me. They told me that I won't have to do any paperwork before I access the loan. That easy?

Is it that easy to get loan from a financial institution in your place?

 

[eLdavis]

Collecting loans from banks directly is never easy, as there are lots of procedures and process, and at the end of the day, you might not even get the loan.

 

[Kera]

Banks are advertising their loan programs on mainstream media now to get more patrons. This was something that wasn't obtainable a decade ago.

 

[Kross]

I think the rise of online loans has made it very easy for people to access loans without paperwork.

 

[Suba]

In general, government banks have several loan programs and one of them is a program for small entrepreneurs where no collateral is required, they only need to show some photos of their kiosks and after being checked by the bank and deemed feasible, the entrepreneur can take out a loan.

 

[Springtime]

I personally have not applied for a loan. But from what I've seen, nowadays, at least in my city, there are lots of financial institutions which offer loans. People applying for a loan can do it online via an app. And, according to the advertisement, it only takes 15 minutes to get approval and receive the loan on the same day if you are qualified.

 

[magnus2022]

I had a call from my own bank to come to the branch. And when I went there, they were selling a loan offer to me. They told me that I won't have to do any paperwork before I access the loan. That easy?

Is it that easy to get loan from a financial institution in your place?

I have equally observed it. This is probably due to the fact that new mobile loan apps are making huge profits from online borrowers. Now, most banks are losing customers! Most people are shifting to online banks that use to give easy loan without paperwork.

 

[King Belieal]

That's what you get when competition enters an industry. There are so many financial institutions now that offer loans. That's why the difficulty in getting loans is reducing.

 

[Starmix]

I never apply for a loan. I also do not have any idea about loan processing and accepting here. The usual borrowers here are employees. They always have a project for home improvement. I don't know how easy for them to acquire a loan.

 

[Fire&Rain]

These days people are not as keen as they where to getting loans. Banks aren't getting a lot of loan applications and this results in them not making money.

 

[Trush Jodie]

The credit system has been made more accessible to lure people in. But I am not a person that would look at it.

 

[Nomad]

That's very true. Getting a loan is easier these days than it was previously. That's because customers have more options for borrowing.

 

[Augusta]

I have noticed now. it's seems they are in competition with others as such as lower their stiff processes to lure customers

 

[Fidelia]

Banks are even the ones advertising their loan services to the public. In my country, banks didn't advertise loans six years ago.

 

[freelancermaria]

II believe applying for loans is easier now than before. You can apply online, and some digital banks are offering loans. However, the interest rates can be quite high.

 

[Stardom22]

l have too realised that in my country. l think most people had found business opportunities on that kind of business. That is being culminated by the high cost of living and tough economic conditions for sure.

 

[Augusta]

Yes it is because they are different avenues now to access loans. So you can easily get loans now

II believe applying for loans is easier now than before. You can apply online, and some digital banks are offering loans. However, the interest rates can be quite high.