Online Loan: Safety Tips for a Good Experience!

A great alternative for business owners who need money quickly, online loans are gaining visibility because they are secure and far more advantageous than the traditional ones, made directly at the bank branches. Attracting more and more entrepreneurs, here are safety tips to improve your experience.

Whether it is to pay off small debts , whether to use as an investment or working capital, and to boost the business, either to renew inventories or to meet an urgent need to increase revenue . The reasons can be as diverse as possible and often in a hurry to get something quick and easy, you may end up not paying attention and falling into traps.

So, if you are an entrepreneur and are interested in joining an online loan , check out the tips we will give you in this post and learn how to prevent against fraud on the internet.

4 Tips To Have A Secure Experience Involving Online Loans


The easier it is to access the loan, the greater the chances of being a scam. Some of them even use name and logo of reputed and renowned credit institutions in the market.

To help you avoid cases like the one we mentioned in the previous topic, we have separated 4 very important tips. See below:

Do not disclose your phone number in social comment posts

By disclosing the phone number or other personal data in comments of posts your information is exposed to anyone who passes by. Many fraudsters use this to find people who have demonstrated an interest in an online loan and come in contact to offer a supposedly very attractive offer.

Do not believe in incredible promises

Online loans are actually more agile and facilitative than the conventional ones, but be careful not to believe in unrealistic promises. For example, many scammers do not even bother to request a credit analysis before approving your application. Again: this does not exist!

What keeps the company that will provide you with a loan is precisely the amount of installments that you will pay. Thus, it is common and natural to request documents that prove your credit history and your monthly income.

Do not make any type of payment or deposit in advance

Do not make any type of payment or deposit in advance

As we’ve talked about here, applications for advance payments for the purpose of releasing the loan money are a bore. Serious companies never make that request. You only start paying after you have the amount received and any fee or insurance will already be included in the amount of these installments.

Consult the evaluations of the company 

Consult the evaluations of the company on TrustPilot

TrustPilot is a very reliable site which, by subdividing into categories, publishes reviews and evaluations of online business consumers. There you have access to the notes and experiences that each user had when counting on the services of that institution. It is a great tool to get the name of the company you found on the internet and assess whether it is really safe or not.

What is the most common complaint?


The biggest insecurities that can be related to a loan involves the advance payment of a fee for the release of the supposed loan, which, in fact, does not exist .

It works like this: you find on the internet a website offering great conditions and requests the loan. The person says that you are approved, but in order to have access to the money you need to make a small deposit – it may receive some names to appear reliable, such as credit opening fee, security deposit, notary’s fee, among others.

But the reality is that it does not exist ! Serious and trustful loans will never, under any circumstances, ask for the payment of any amount advanced. All fees and insurance are already included in the cost of the installments that you will pay after receiving the amount you requested.

Stay tuned! If you come across something like this, do not end the deal and report the fraudster.

Look for information only on the company’s official website


As you have seen, redoubled focus is essential when opting for an online loan . Make sure that the company is serious and that you are not on a fraudulent website.

Reliable and unsecured loans exist and are becoming more and more common. In the vast majority of cases, honest correspondent sites authorized by the Central Bank have some characteristics that allow you to detect that it is not a blow. See what they are:

  • In the site address bar, you can find the design of a padlock. It ensures that all information shared by it is transmitted securely;
  • In the footer of the site you can find the name of the bank to which the fintech is correspondent bank;
  • Deposits and prepayments must NEVER be requested.

Because they are more agile and far less bureaucratic, online loans are a good choice for micro and small entrepreneurs who need quick cash. Follow the guidelines we have passed in this text and we guarantee that you will have a great experience with them.

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