Online platforms offering loan opportunities are becoming increasingly popular, and VIVALOAN is no exception! Bringing innovation to digital services, VIVALOAN serves as an intermediary network connecting individuals seeking loan opportunities with the lending institutions that provide them. Therefore, on this occasion, check out some details about its service, compare it to other great options, and see how to take advantage of this great virtual offer.
Here are the prerequisites for receiving Vivaloan’s services
Generally speaking, when someone takes the initiative to look for a financial loan product, they must meet certain basic requirements. However, each intermediary platform or offering institution can vary in terms of these requirements. At VIVALOAN, for example, we can find a list of requirements for those who want to become their users. Check it out:
- Be at least 18 years old;
- Reside in a state where Vivaloan operates its services;
- Have a valid bank account into which your loan will be deposited when approved;
- Have a valid national identification document;
- Provide your social security number;
- A valid e-mail address and contact number where you can be reached.
Remember that these are just some of the fundamental points with which compliance is required. It’s also important to pay attention to credit scores and credit history, as VIVALOAN, unlike other platforms that offer the same services, can present difficulties with the terms of your loan if there are any restrictions or negatives.
See also: Check out this overview of Zippyloan’s personal loan opportunities
Compare Vivaloan with the big company Moneylion
Moneylion offers very similar services to VIVALOAN, being a company that specializes in financial technology offers for its customers. However, since VIVALOAN is the main topic here, in order to find out a little about its legitimacy and reliability, let’s compare it with the aforementioned Moneylion.
- Right from the start, we noticed that VIVALOAN doesn’t advertise rates on its website, while Moneylion may display some between 5.99% and 29.99% depending on your credit status;
- With both you can take out a loan for any purpose;
- At VIVALOAN you can receive funds from US$ 100 up to US$ 15,000, while at the other you only receive A MAXIMUM of US$ 1,000;
- Both have no minimum credit limit requirements.
In this way, we can see that in certain respects they are quite similar, but in others, one stands out above the other. What will be decisive in the end is identifying which one is most ideal for your personal and particular reality. However, it’s not the contacting platform that matters most, but the lender you’re going to contract with. If you feel that these intermediary services will be more of a hassle, just choose to connect directly with the institutions.
See also: Find out what makes Zippyloan’s loans stand out compared to others on the market
Applying for a loan through Vivaloan
Once you’ve gotten to know VIVALOAN‘s services, seen how they compare to a major financial technology company and are interested in taking out a loan through them, you can now learn the steps to apply.
- First of all, log on to the official VIVALOAN platform and click on the start button;
- Then fill in the information that will be required of you and proceed to the next steps;
- Once you’ve filled in all the necessary information, submit your application. You will then receive loan offers from different lenders;
- Once you’ve received them, it’s time to thoroughly analyze each one and see which one is the most advantageous for you, according to the amounts available and, above all, the interest rates on your payment, as well as the deadline for making them;
- Finally, having done the analysis and come to the conclusion of your choice, it’s time to sign your contract, a procedure also carried out digitally. Once this is done, you will most likely receive the loan on the next working day.
Incredible, isn’t it? In addition, remember to pay attention to the terms and conditions of the loan and not to miss any detail of the contract before signing it. When you receive offers from lenders, remember to evaluate not just the offer itself, but the institution itself. If you still have questions, the official website also offers a FAQ tab with more important information.
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