When you have submitted your online loan application, the bank will use a tool called a credit score model. Based on your credit history and data, the bank will give you a credit score, which will affect your possibility of receiving a loan. The credit check will give the bank information on your ability and willingness to repay the loan.
If your loan application is approved, the bank will send the loan agreement to your mail address. This loan agreement states, among other things, the interest rate the bank can offer you. It may therefore be a good idea to apply for loans from several banks so that you can choose the best loan offer.