The time has come when nobody waits anymore with a baked face for a new laptop model, let alone a desktop computer. We live in the age of smartphones, which is why they interest us much more than information on the number of cores in ultrabook processors.
Just look at the last few Samsung Galaxy models or any of the new iPhones. Their premieres were talked for months, many experts tried to predict what we can expect. Many useful applications are created on our phones, including loan applications. Are they safe and worth using? Check!
Can you imagine a day without a smartphone? If it were to be carried out, it would turn out very quickly that our telephones are a treasury of knowledge about us, but we cannot function without them. We don’t know how to dress because were to check the weather for the whole day.
We will not buy a ticket, because we do not have the necessary application and the queue is extremely long, and there is no cash. We are currently heading towards greater comfort, but also total attachment to the world of mobile devices. We share on social media, buy in online stores and use banking applications.
To meet the expectations of customers, companies offering payday loans have also benefited from the tendency to smartphone life. New loan applications on the phone are becoming increasingly popular and allow you to take out a loan at any time. Let’s find out what loan applications are and how they work.
In the service of new technologies – loan applications
Companies offering installment loans or the so-called payday loans focus on the Internet – both on easy access to it and on the possibilities of promoting its activity in its space. Mobile applications are for non-banking companies a new source of distribution of their products and, contrary to appearances, use it more often than the banks themselves.
When it comes to loans via smartphone, banks lag far behind non-banking companies. And the benefits of loan applications serve both parties: the customer – because he receives a loan in a few minutes, companies – because they acquire more customers and a rich offer stands out from the competition. It is impossible to ignore the information that every fourth loan is a loan taken with the help of the application on your phone.
About 4% of customers use a tablet for this purpose. This is, among others, because Poland is at the forefront of European Union countries when it comes to Internet traffic generated by mobile devices. In our country, it significantly exceeds activities carried out via desktop computers. And although not all lenders already have their mobile applications, it is actually a matter of time.
How to use the loan through the application?
A loan through a smartphone is the result of conducting thorough market research and diagnosing the needs of consumers. And the youngest ones want quick interactions and effects of their activities – exactly what loans give through the application on the phone.
They receive the cash they need in a few minutes – that’s all it takes to go through the registration process. The name and surname, address of residence, PESEL number as well as the number and series of the ID card should be provided. As part of data verification, there is often a request from the company to send them a scan of an ID document.
Mobile applications of loan companies are just like payday loans – without unnecessary formalities, after carrying out the procedure limited to the minimum necessary, the client receives what he wants. All you need is a smartphone with Android or iOS. Ot and the whole philosophy.
Mobile loan and online loan
The method of applying for a loan on the website and by phone does not differ significantly. However, after switching to the mobile application, you will notice a restriction of access to a lot of information that you can easily find on the website.
This is due to the need to adapt the homepage to a smaller screen. To submit your first application, complete the standard registration form and application, and then go through the verification process by bank transfer, special application or express transfer system.
However, in the case of regular customers, it is enough to specify the parameters of the commitment we are interested in, log in to your customer panel and issue the appropriate instruction. In this way, we skip the stage of identity verification and completing the application, because all information is already at the lender. The exception is when our financial situation or any of the provided data changes, then we need to update the information.