Some investors fear BBVA is taking a big risk by getting into unsecured
personal lending long after online lenders have established themselves, but bank officials argue the bank's cost of funds and in - depth knowledge of its customers will help it to outdo the competition.
Not exact matches
Traditional Lenders tend to have a
long application process, require significant paperwork, do
personal credit based evaluation, only
lend large amounts, and require specific high - value collateral.
Traditional Lenders tend to have a
long application process, require significant paperwork, do
personal credit based evaluation, only
lend large amounts, and require specific high - value collateral.
Unsecured
Personal Loan Lenders Mogo Loans - A payday loan alternative that
lends up to $ 1,500 for as
long as 30 days.
Therefore, nowadays many novice entrepreneurs no
longer rely only on their
personal savings but also consider taking small business loans from banks, credit unions, private lenders and, of course, from online
lending companies.