Finance 101

Applying for Online Loans or In-Person Loans: What's better?

October 6, 2022

To start off, it mainly comes down to personal preference. Although the technology for online shopping began in the early 1990s, it wasn’t until the past decade or so that people all around the globe really began to embrace purchasing or shopping for nearly everything online. And when we say everything, we mean everything. From books to hammers and from cars to loans. Yep, you read that right — loans.

But shopping for a loan is a much more serious process than shopping for a sweater or a new computer. So when the unexpected happens and you find yourself in need of an installment loan, you may ask the question, “is it better to apply for a loan in person or online”?

That can be a difficult question to answer, especially since you want to make sure you get the best rates and loan amount. Read on as we break down the nuances of in-person loans (aka retail loans), and whether you should apply for a loan in person or online.

What’s an Online Loan and When Should You Apply for One?

An online loan is a loan you can get that doesn't require you to submit an application in person. And here at Check `n Go we make sure to provide the same exceptional customer service both in-person and online. So, not sure whether to apply for an online loan? There are a number of reasons why applying for a loan online vs in person would be beneficial to you. Consider whether your situation fits into these circumstances: 

  • You can’t or don’t want to have to leave your home. Applying for an online loan with Check `n Go is so simple, and you don’t even have to leave your couch! And if you find that you’re having questions and need support we have an amazing customer support team that you can call.
  • You need money fast. Check `n Go can provide funds as soon as the next business day!*

What’s An In-Person Loan and When Should You Apply for One?

In-person loans (also referred to as retail loans) are a kind of financing that requires a loan seeker to visit the lender's actual retail branch building, rather than applying for an online loan. In-person loans are offered by banks and credit unions and other traditional lender brick-and-mortar locations, such as Check `n Go.

So, is it better to apply for a loan in person? That, too, depends on your circumstances. If you want to apply for a retail loan, consider the following: 

  • Would you prefer to talk to someone in person and develop a working relationship with them? Speaking with someone face-to-face could help provide more context around any financial history hiccups you may have, and help you get immediate answers to any questions you may have. Plus, at Check `n Go we have exceptional associates who are very knowledgeable and more than happy to help our customers out!
  • Are you uncomfortable submitting your personal and financial information online? Although security measures are in place with online lending institutions like Check `n Go, some people are still wary of submitting their personal information online. If so, an in-person loan could be better for you. 

Are Loans from Online Lenders Safe?

If you are seeking a loan from a reputable source like Check `n Go, then yes, your loan from an online lender is as safe as a loan that you would get from a large bank, credit union, or other brick-and-mortar financial institution. All lenders should check your credit, disclose terms and costs associated with a loan, and verify the loan will work within your financial situation before approving.

Always use caution when sharing information online. If in doubt, do some research on online lenders before giving any of your information, and even give the company a call to ensure you are on the right site. Another option is coming into a Check `n Go location near you for a retail personal loan if you truly aren’t comfortable with the online process. At Check `n Go you receive the same exceptional service and safe processing of your information both in-person or online, so the choice is truly up to you on your preference.

How Fast Do You Need the Money?

If you have a true emergency, and you need money right away, a retail loan may be your best bet as oftentimes you can get the funds you need the same business day.

If you can wait a while to get a loan, then you might want to take the time to shop around on the internet for an online loan to find the best terms for your situation.

Why Check `n Go?

When you decide to get a loan, know that Check `n Go offers both online and in-person loans.

We have been helping people just like you get the financial assistance you need when you need it for over 25 years. Everyone needs a little help sometimes, and we're here to help you handle whatever you may need. Check `n Go is an industry leader both online and in-store throughout the United States. Millions of people trust us to help change their lives for the better, so be sure Apply online or apply in-person and search for a location today!



Editorial Policy: The information contained in Check `n Go’s Finance Academy Learning Center is for educational purposes only and is not legal advice. You should consult your own attorney or seek specific advice from a legal professional regarding any legal issues. Check `n Go does not act as a credit counseling, repair service, or debt consolidation service in providing this content. Please understand that Check `n Go policies change over time. Blog posts reflect Check `n Go policy at the time of writing. While maintained for your information, archived posts may not reflect current Check `n Go policy.

The information contained in our blog posts are the author’s own opinions, not those of Check `n Go or any other company. Any pros and cons are developed by our editorial team based on independent research. Some of the products, services, and offers on this page may not be available from Check `n Go. In Texas only: Check `n Go does not act as a credit services organization in providing this content.