Edvest_May18-web

Why you should apply for
your next loan online
Once upon a time, getting a loan would require turning up at a bank in your
Sunday best and asking for the money in person. Today, things are a little
easier and a lot less formal thanks to the advantages of internet banking.
Whether you’re borrowing for a car, a home or even just a personal loan,
applying for a loan has never been easier and more streamlined than it is now.
Here’s a few reasons why you should consider applying online next time you
need some extra funds:
Convenience and satisfaction
The rise of using the internet for things like applying for loans has not
just become the go-to banking method for Australians, but has produced
happier customers as well.
According to Roy Morgan Research 4 , 62% of people opt to use internet banking,
up from 58% over the past two years. Conversely the number of people who visit
a branch within a four week period has dropped from 35% to 32%.
What’s interesting to note in the research is that not only are more
people banking online, they’re happier for it. Roy Morgan 4 reports a 90%
satisfaction rate when using online channels (mobile or internet) to bank,
higher compared to handling finances at a Service Centre (88%).
You no longer need to wait
Rather than waiting with baited breath for whether or not your loan has
been approved, today people know exactly what’s available to them right
away, saving us all valuable time. With a pre-approval service, applying
for loans online removes the traditional hassle of waiting for a Service
Centre to make a decision. Now, when shopping around you can do so
with confidence, knowing exactly what your budget is, allowing you greater
control over your financial decisions.
Information freely available online also means you have all the knowledge
you need at your fingertips to make an informed choice without consulting
a Service Centre. Handy tools like home loan calculators give you all the
control needed to make your own decisions.
At Police Bank, we try to make the process of applying for loans online
as effortless as possible. Even with our online resources, if you ever need
expert advice, our friendly team is available to walk you through the process.
To apply for your next loan online visit www.policebank.com.au
(www.customsbank.com.au for Customs Bank Members).
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