Online loans are:
Understand the Problem
The question is asking about the characteristics of online loans in comparison to traditional bank loans. It presents multiple choice options regarding their cost and accessibility.
Answer
Easier to obtain but more expensive than bank loans.
The final answer is easier to obtain but more expensive than bank loans.
Answer for screen readers
The final answer is easier to obtain but more expensive than bank loans.
More Information
Online loans often feature a faster and more convenient application process compared to traditional bank loans, but they can come with higher interest rates.
Tips
A common mistake is assuming all online loans have the same terms or rates as traditional bank loans.
Sources
- Are Online Loans Legitimate? - Investopedia - investopedia.com
- Online Loans for Fast Emergency Funding - CashNetUSA - cashnetusa.com
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