After the banks decide on the level of risk they will take, they decide the interest rate of the loans they will provide in the current market conditions and determine various conditions accordingly.
Banks that are trying to acquire new customers can act more aggressively and stretch their conditions and give credit to more people much more easily, while banks that keep the work tight and want to take a more risk-free attitude towards debt collection can scrutinize the loan application. For us, our esteemed readers, we will try to share the most up-to-date information about 2018 with the most flexible and easiest loan terms.
What Does Easy Credit Mean?
Giving easy loans is essentially about the flexibility of the conditions and their conclusion in a shorter time. Therefore, it would not be wrong to think that the bank will provide loans much more easily, especially during the periods of credit campaigns. Therefore, in addition to the information shared below, it will be useful to investigate the campaigns at the time and remember that the banks that organize these campaigns are trying to acquire new customers and that it will be likely to approve the applications.
Why Some Banks Lend Easier?
Banks also have a policy that it carries out within itself and it is determined how to take a stand in accordance with this policy. For example, if a bank’s policies need to serve SMEs, it is the easiest bank to offer SMEs in the same period, whereas most retail customers submitting personal loan applications can be rejected and may be the most difficult loan to individual consumers.
This incident, which took place in the same period, is completely related to the point of view, and it would not be wrong to say that the purpose of banks that lend consumer loans more easily will be to try to acquire new customers.
Of course, every bank will try to acquire new customers, but some banks may take more risks and give credit due to the size of their own assets, while slightly smaller banks may not take these risks. Therefore, bank policy is not only a cause, but also the size of the bank is an important factor.
Online Loan Banks
Some banks also have the opportunity to give credit online. If you have a high credit rating and a bank with a deposit account has an online credit campaign, the loan that can be used from that bank will be the easiest loan to be allocated. Because if the loan in question is approved, money will be transferred directly to the account without going to the branch and the loan will be withdrawn shortly.