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Summary: Many banking institutions have a strong Internet presence, so a person can safely apply for loans online. Check with the Better Business Bureau before applying for an online loan with help from a financial specialist in this free video on personal loans and money management.
Matthew McKillen has more than 21 years of industry experience in arranging loans for his clients. He has worked in financial services and senior management positions in mortgage...read more
"Hi this is Matt McKillen with Innovative Financial Group. The question posed to me today is are there personal loans available through online banks? Absolutely. There's a lot of banking institutions that have a very strong web presence, there are security encrypted sites so that if you do apply for a loan online and release your personal information like your social security number, your income, your asset information, it can't be leaked out to a third party and more and more I'm finding in the financial arena that a lot of businesses and banking institutions are wanting to actually do more business online. So if it is a reputable business, if it's a bank or a banking institutions that maybe you're not familiar with that's offering you that personal loan, probably the first place you want to check is with the Better Business Bureau make sure that there's been no complaints. But with the technology that we have today for online banking and what have you, feel very secure if needed in applying for a loan online with your bank. Again, my name is Matt McKillen, I'm with Innovative Financial Group."