Bank, IFN or intermediary platform?
Start with the product, not a speed promise. An online loan may come from a bank or non-bank lender (IFN), while a platform may only pass an application to other providers. Identify the company and its role before sharing personal information.
On Kreditano, read the button label and provider details. If you are going to a platform, do not assume it is the final lender. Open personal loans and fast-loan offers to compare products, not just the online route.
Eligibility and documents to check
Providers set different conditions for age, eligible income, employment history, residence and existing commitments. Check the chosen offer. There is no income threshold or approval time shared by all online loans.
Prepare identification and documents required for your income. Electronic verification does not eliminate every document: BCR lists circumstances requiring additional income evidence. That illustrates one bank's rules, not a condition applying throughout the market.
From comparison to application
Choose the amount you need and a manageable term. Check which lender or intermediary you will visit. Clicking an offer takes you to another site; it is not an approved loan application.
The provider's process may involve identification, application details, checks, a contract offer and signing. Read why information is requested and who receives it. Do not repeatedly submit the same application just because a reply is not immediate.
How to compare costs
Compare the same amount and term. Record APR, payment, number of payments and total repayment, then check insurance, account costs and any conditions for a rate discount. Do not add charges already included in the total a second time.
The Standard European Consumer Credit Information sheet (SECCI) and draft contract help you check conditions before signing. The APR guide explains annual cost; total repayment shows the obligation in lei. An unconfirmed listing value is not a personalised offer.
Approval and payout are different
A simulation is not approval.
Applicant checks, contract acceptance and transfer are separate stages. Confirm with the provider when each is complete and what remains outstanding. Do not plan an urgent payment using only an advertisement's speed claim.
Checks before signing
Check the company identity, website address, contact details and documents. A familiar name in an ad does not prove the opened page belongs to that company. Read the consumer rights guide if unsure.
Keep the offer, pre-contract sheet and contract. If the amount, term or cost differs from your selection, ask for a written explanation before signing. Two existing payments do not automatically make refinancing the answer; compare the new financing costs with remaining obligations separately.