There are several ways to get an instant loan. However, the prerequisite for this is that the creditworthiness is in order and the income is high enough.
An immediate payment is usually spoken of when the customer has the money within 24 hours and can receive it in cash.
Who offers an immediate payout?
An immediate payment is possible both at the house bank and at another branch or direct bank. It can be done in different ways. If the customer cannot receive the money at the bank counter, he will receive it by postal order or by courier. The latter applies above all to a foreign bank or an online bank that does not have a local bank branch.
What are the requirements?
Similar to another loan, the private credit checker information must be in order and a regular income must be available for a loan with an immediate payment. Otherwise, the loan project will be very difficult or impossible to implement.
Foreign lenders almost always do without private credit checker information, which also makes it possible for people who have minor or serious negative entries. However, this only applies if you are not unemployed or self-employed and have a secure income and a permanent employment contract.
Special rates for young academics are based on the minimal risk. As a young academic in sought-after professions, changing jobs is not a problem. The likelihood of a serious illness or even the risk of death is minimal. We recommend the loan in small installments instead of the RSV. With a longer term, the rates remain small. If necessary, they could be covered by ALG1 or sickness benefit.
It is only important to pay attention to the credit condition – “Special repayments are possible at any time and in unlimited amounts”. Income in a leading position allows the loan to be repaid faster than the term provides. Small installments only serve as security if something unpredictable occurs.
How is the repayment done?
An instant loan must be repaid to the lender in monthly installments. When the repayment begins, how high the installments are and whether special repayments are possible is stated in the loan agreement. The term depends on the one hand on the loan amount taken up and on the other hand on the monthly loan installments, which are made up of the debit interest and the repayment amount.
Unless otherwise provided, an instant disbursement loan is freely available. For this reason, no proof of use has to be provided to the bank. This is a very important difference to a car or real estate loan, which is always earmarked.