online lender
Internet loan provider
An online lender is a financial institution that operates primarily or exclusively through the internet, offering loans without traditional brick-and-mortar branches.
Online lenders typically promise faster approval and funding than conventional banks: I got approved by an online lender in twenty minutes.
The category includes peer-to-peer platforms, fintech startups, and digital arms of established banks.
- fintechTech-driven monetary services
- loanBorrowed money repaid later
- borrowObtain for temporary use
- cash advanceBorrowed funds before payday
- APRYearly borrowing cost
interest rate · credit · approval · credit score · bad credit · instant · application · payday · debt · debt trap · interest · fine print · click · digital · fast · cash · platform · algorithm
- payday loanspayday loan, payday loans, cash advance, rollover, fee
- auto loansauto loan, car loan, loan amount, loan term, monthly payment
- business debtbank loan, commercial loan, loan, secured loan, term loan