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Online Loans

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    Online Loans

    There are a lot of online loan companies mining Facebook and other Social Media Networks for would be victims. You can get approve in minutes and receive your loan in hours but the catch is the interest rate is so high. Also the penalties of delayed payment can double your loan amount in no time.

    ​​​​​Have you experienced getting a loan online?

    I have no experience with online loan. I'm always careful on taking decisions on getting loans. I am particular with the nature and it's interest. I don't want any liability on the end. A lot of people just want to get a loan without thinking the possibility of risk.


      I have gotten an online loan before. It was easy I applied online I was approved and the money was in my account in 2 hours. I paid it within the end of the week. However I agree that the interest was very high and I would have been better off taking a bank loan or just going for an overdraft.Loan companies are predators and are looking for easy prey online, which comes in the form of those that are desperate. They make it so easy for you to borrow money even if you can't pay it and then they start harassing you and threatening you with legal action. The interest also starts to increase the more you delay with payment.


        Really? I mean I've never tried to get a loan online, but knowing that your approval is within minutes does make it more appealing, plus the fact that it is more convenient since you utterly do not have to leave your premises and submit all those documents required. Except for the higher interest rates that you mentioned of course.

        Has anyone tried applying for a loan online? How was it? Like how high the interests are? I'm not being defensive or anything by saying I have no plans of getting a loan (just yet) but your answers will significantly serve this community. Peace out!


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