Compared to traditional banks, which of the following statements is true of online lenders?
Multiple Choìce
They charge lower interest rates:
The interest rate will start accruing 12 months after taking out the loan.
They take longer to approve loans.
If there is a problem with loan repayment, they are not as helpful in arranging affordable repayment plan
Compared to traditional banks,which of the following statements is true of online lenders?
Multiple Choice
They charge lower interest rates.
The interest rate will start accruing 12 months after taking out the loan
They take longer to approve loans
If there is a problem with loan repayment,they are not as helpful in arranging affordable repayment plan