Applying for a trusted, personal installment loan locally doesn’t have to be a stressful experience. But you might ask yourself, “How can I find and apply to online loans near me from a trusted source?” For those in Oklahoma, the experience is fast and simple. Here are the basics of how to apply for a loan online with us.
Can I apply for a loan online?
Yes, you can definitely apply for a loan online in Oklahoma. You can apply for a personal loan online, call 1 (866) 91-Loans or visit a local branch to complete the process. You can apply and get approved within 30 minutes online, though you will need to visit in person to follow up with important documentation.
What information will I need?
You need very little information to get started with your loan application, which only takes a few minutes. Talk to us to find out what exact documentation you’ll need, but these are some examples of the type of information we’ll be looking for.
When filling out your application, you will typically need the following:
Your full name
Your social security number (SSN)
An email address
A physical address
Your yearly income
Your desired loan amounts
You will typically need documentation, such as the following:
A form of ID
Proof of income (like a W-2)
Proof of address
Some online loan companies will also ask for more information and documentation, such as proof of your retirement assets, your education history, past addresses and more.
What are some important details I should keep in mind?
As you’re shopping around locally for an online personal loan, the following factors should be in the back of your mind:
APR: The annual percentage rate (APR) depends on credit, and will indicate interest, or cost of borrowing personal loans. Online, it can be much easier to see and understand the APR on the money you’re borrowing. Note that it’s very important to look for set interest rates that don’t fluctuate too much.
Number of Installments: You can expect terms to range from six months to six years for most installment loans online. Fixed terms are a great way to have a consistent monthly payment.
Additional Fees: Surprise fees can be a major issue with less-reputable loan companies, so be sure to check into the terms and conditions.
Monthly Payments: Equal monthly payments that don’t fluctuate are great for budgeting around and can help most families in Oklahoma plan their finances.
Collateral: One potentially scary aspect of setting up an online loan is collateral, as many institutions will expect you to lay your home, business or vehicle on the line. Luckily, online loans without collateral are available; for example, Bell Finance offers up to $1,500 loans with no collateral at all.
The Organization’s History: How long has the institution been in business? This can be a great indicator of the quality and reputation of the bank. Bell Finance has been in business for more than 40 years, since 1974.
Confidentiality: When you’re applying for a loan online, you’re often using your social security number. That means that it’s imperative that the company your working with has a secure online system and a confidential setup.
Local Presence:Dealing with a local financial institution, even when you’re applying for loans online, can be a preferable practice to larger, faceless lenders because you’ll have access to real human beings who can answer any questions you may have.
Also, one more thing to think about as you’re applying for your loan is your credit score and credit history, as getting an online loan and consistently paying it back may be a good way to begin to build credit.
How can I apply for a loan online?
How to get a loan online depends on your bank, but for Bell Finance in Oklahoma, you can get started by completing the online form.
How long will it take to get approved?
For most banks, an online application should be approved within the same day. For Bell Finance, our loans are approved in under 30 minutes. Call us today to get started!
For most banks, an online application should be approved within the same day. For Bell Finance, our loans are approved in under 30 minutes. Call us today to get started!
