Some decisions cannot be postponed. Fast payout credit is required when delays due to the application process and loan processing are undesirable.
Germany’s fastest installment loan no longer comes from the regional house bank, so much can be said at this point. We have summarized for you which loan offers really provide quick liquidity and how you can give your credit a “leg”.
No quick loan possible despite Credit Bureau? – Find out how an emergency loan can be approved in real time even with poor creditworthiness.
Credit with fast payout – high expectations
People expect more than just quick slogans when a loan with fast payout is needed. This loan request is easy for people who adjust to possible loan requirements at an early stage. A walk to the counter of the house bank is sufficient to set up or expand the overdraft facility. Just a few minutes later, money can be withdrawn from ATMs worldwide.
Nevertheless, the overdraft facility does not meet all the criteria that borrowers would like for regular loans if it is to be done quickly. A credit line would be significantly cheaper than the overdraft facility. In this case, the bank grants an adequate credit line, probably an online provider with a view to the interest rate. As long as no money is needed, the framework credit remains free.
Interest accrues only for funds actually drawn. The interest level is only slightly above the interest claims for installment loans of the same order of magnitude. The money is available just as quickly as the overdraft facility. Simply log into the credit account online and transfer the required money to the checking account. With a little luck, you can withdraw at ATMs around the world about two hours later.
Installment loan with fast payout – regular online loan
If you think of an installment loan when you have a fast payout loan, you don’t have to wait long. With an instant loan, he often gets his money online faster than at the house bank. The application is made with a free credit comparison, already in view of the low interest rates. Only three entries are required, then the list of all loan offers is sorted according to interest rates.
When deciding on a loan, it is not only important to pay attention to the low interest rate. For the credit with fast payout, the information that can be applied for via Videoident is crucial. Videoident is a relatively new process to perform the legally required identity check. A Skype account and video telephony are required for use.
If the tick Videoident instead of Post-ID is placed in the online loan application, the inspection service receives the inspection order at the same time as the preliminary loan approval. The examiner will contact the applicant via Skype, usually within the next 30 minutes. The documents listed in the annex to the provisional loan agreement should be available at this time.
How fast is the installment loan in the account?
With Videoident, the online credit remains in the fast lane of the information superhighway. He doesn’t have to wait for the mail as he used to. Immediately after the ID check, the loan application is legally binding. The audit firm transmits the data directly to the bank. The bank can carry out the credit check without interruption and approve the loan request in a legally binding manner.
If, as expected, the application goes through without complaints and demand, the money is directed to payment. About 48 hours after completing the online application, it may already be on the account. If it takes longer, it is not due to the credit bank, but almost always to the time of booking with the house bank.
Fast Payoff Loan – What’s Not Possible?
At this point we would like to point out that a good score is the basic requirement for a bank to make a quick decision. If advertisements promise quick credit in relevant size despite Credit Bureau, the advertising promise is unsustainable. Loans on a larger scale (above 1,000 USD) are decided by manual individual case assessment in the event of a poor score or negative Credit Bureau.
It is not uncommon for credit institutions to request originals for presentation. Account statements from the past three months or even from the previous year could be requested. All in all, the personal preparation effort is likely to ensure that there can be no question of quick credit. A week goes by before the application lands on the clerk’s desk.
Inquiries and the request for further evidence cannot always be avoided when making delicate credit decisions. Then if the advertising promises a credit in the account in 48 hours, it is unrealistic. It is different with a loan with a fast payout despite Credit Bureau with a small loan volume and a short term.
Micro credit despite Credit Bureau – real lightning credit with fast payout
Microcredit is designed as an emergency loan when the overdraft facility is exhausted and time is burning. How quickly money is actually available with a quick payout loan despite Credit Bureau depends on whether you are a new customer or an existing customer. At Cream Bank, for example, the microcredit is called “money emergency call”. Customers who have an account with the bank simply press the emergency button.
The program decides on the lending in real time and unlocks the money in the account. With Good Lender, new customers can apply for a microcredit of up to 500 USD despite Credit Bureau. The decision is made on the loan with fast payment on the day of the legally binding application. Payment is made within 24 hours.