The New Gather - Horsemanship and More

The New Gather - Horsemanship and More
[ The New Gather - Horsemanship and More ]

How do online banks understand whether a specific client who is asking for a loan can be given one?

Posted by ashta on December 24, 2025, 7:53 am

These days you can easily get a loan online, open a credit card, get an installment plan, and do a bunch of other things just by opening your phone. I don’t understand why there is so much trust in people, when a huge number of people simply don’t repay their loans.

Re: How do online banks understand whether a specific client who is asking for a loan can be given one?

Posted by YAPPI on December 26, 2025, 7:27 am, in reply to "How do online banks understand whether a specific client who is asking for a loan can be given one?"

Well, you don’t really think that for every client and every request there’s a group of specialists sitting together and deciding whether to give a loan or not. Everything is done by a system and automatically. Credit history is checked, financial discipline, income stability, fraud risks, and so on.

Re: How do online banks understand whether a specific client who is asking for a loan can be given one?

Posted by sidzo on December 26, 2025, 8:01 am, in reply to "How do online banks understand whether a specific client who is asking for a loan can be given one?"

And there’s really no difference whether a person comes to a physical bank branch to get a loan or uses a simple credit card application, like with Salmon, where someone submits a request to open a credit line. Everything is done by the system now, all the data gets checked quickly. And if the system decides that based on certain criteria a person can be given credit, it approves it.

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