Internet Vs Branch loan

cheeky-virgin

I have a question does it matter to apply in the branch and applying online ...

does it make a difference if you apply loan online or in the branch ..? the result could be different....

Thanks.

Xbigman

Yes it does make a difference.
If you are 100% squeaky clean then apply on line. You can always go to the branch if you don't get what you want.
If you are in any way likely to get turned down then go in branch and see a personal account advisor (or some similar named individual) and do a face to face application. Just go in knowing what you want and don't sign for anything else. Especially double check the APR's.
Regards



X

natweststaffmember

The difference is that online the rate will be better even if it is the same bank and exact same loan amount

enjoyincubus

in my experience, to get a better rate you apply online, to increase the chance of being accepted you go into a branch...

loan companies have to (generally) be more competitive online, however to offer the lowest rates you have to offset this reduction in rate by ensuring you are taking on the lowest risk customers, therefore you have to have a better credit record (or better 'credit score') to be accepted

mrmajika

For LTSB you get a better interest rate online than in branch or on the telephone.