The National Bureau of Economic Research found that when it comes to approving a loan application, online lenders are 40% less likely to discriminate than mortgage lenders who meet with applicants face-to-face. However, online lenders still tend to discriminate based on neighborhoods and shopping behavior, which affects interest rates. AdvertisementUnlike in-person lenders, the research showed online fintech lenders don't discriminate when it comes to approving a loan application. Fintech lenders still discriminate less frequently than non-fintech lenders, though. In this case, you will likely have to meet someone in person, even if you're using an online lender.

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