Of all the products of Ing. Direct, the Orange Account Loan is one of the most appreciated by absolute due to the excellent fixed rate and, above all, due to the lack of additional costs. What is basically the Orange Account Loan? This is essentially a personal loan, where there is no need for justification or even certification, for the purpose of providing the desired amount.
Requirements and characteristics of the Orange Account Loan
In order for you to be financed, you must be of legal age and bear a demonstrable income, that is to say, have a paycheck or, in the absence of the latter, be the holder of the Unico. Alternatively, the signature of a person who acts as guarantor can be a valid solution to the absence of demonstrable income or capital consistency. You must also have a current account in order to receive the loan. The current account can easily be registered with another bank. It is not necessary, so to speak, to have the Arancio current account for obtaining the Orange Account Loan.
With the Orange Account Loan, it must be said that the timing is uncertain. The reason? The assessment procedure, unlike what happens with other banks, does not have a fixed duration. As far as recognition is concerned, once the resolution has been completed, it must be underlined that the maximum term is 30 days from the moment of approval. Ergo, always in relation to loans granted by various banks and financial companies, is much longer.
Duration of amortization plan and amounts that can be requested
How long is the amortization schedule with the Orange Account Loan? It ranges from a minimum of 12 months to a maximum of 84. As for the economic amounts that can be requested, the minimum is 3,000 euros and the maximum is 30,000 euros. The main advantage of this type of credit request is, as already anticipated at the beginning, in the absence of additional costs. Periodic and preliminary communications do not provide for expenses. Another strong point of this valuable tool is that, regardless of how long the amortization schedule lasts, with the Orange Account Loan the TAN amounts to 7.95%, while the APR to 8.60%
How to apply for the Orange Account Loan
As you can expect from an online bank, the digital channel is the right solution to apply for the Orange Account Loan. With Ing Direct the iter is very simple, since it is enough to calculate the estimate online for free and, once you find the solution most in line with your needs, just select the item here, you will have to deal with enter your personal data and attach the required documents, ie identity card, social security number or health card, as well as of course the IBAN code of your bank account, essential for the purpose of charging the reimbursement fee.
Once the contract is printed, all you have to do is sign it and send it. The general conditions of this loan convince. The fixed rate regardless of how long the amortization plan lasts, the TAN slightly lower than the competition, the convenience of the online procedure are certainly points in favor of the Orange Account Loan, which, however, in terms of timing is not exactly the maximum. Ing. Direct has the burden of speeding up the whole practice in the future. However, it remains a valuable financial product to be considered for small-medium funding.