Instant loan – top interest rates and fast payment!

In some situations it just has to be quick. There is either no time or the desire to spend a long time dealing with the comprehensive financing solution. In the end, you simply want to have the desired amount quickly in your account in order to carry out the wish or the purchase. The instant loan is very suitable for such purposes! With an instant loan you save yourself the way to numerous branch banks in order to be able to compare the conditions of the individual banks with each other. With our loan comparison, you will immediately be offered the right loans and can apply for your desired amount online within a few minutes.

Modern technology enables instant loans to be taken out easily. All you need is the usual information to apply for an instant loan. Not only is the loan application quick and uncomplicated, but also the legitimation. No matter which bank you want to take out a loan with; you must always identify yourself before paying out. With an instant credit, you can identify yourself conveniently from home using the video identification process. In this way, the bank has all the necessary information within a few minutes and can not only process the loan application directly, but also pay it to your account faster after a positive check!

What is an online instant loan?

What is an online instant loan?

No matter what you need money for, with an online instant loan you quickly get financial flexibility. Maybe the washing machine is on strike, an unexpected car repair is due, or an unusual load is occurring. If the current credit still cannot cover these expenses, a financial solution has to be found quickly. This is exactly what an instant loan is very suitable for, because it can reduce the time from loan application to loan payment to a minimum.

With a normal installment loan, the loan application can also be made quickly. However, there may also be waiting times for online loans when it comes to submitting the documents in full. Often documents on the loan have to be submitted and the loan application has to be signed and sent back to the bank. Another point for the longer duration is the legitimation. Depending on the bank, this takes place in a bank branch or using the post-identification procedure. With the post-identification procedure, you first have to wait for the documents until you can send them back to the bank with your signature. The loan payment can only be initiated once the documents have been received by the bank. In total,

Better an instant loan than a overdraft facility!

Better an instant loan than a overdraft facility!

If the money is needed quickly, you could of course also quickly take overdraft credit. A overdraft facility is always made so that you have free money at your disposal in addition to your credit balance. However, this flexibility is not exactly cheap. The interest on a overdraft facility can quickly reach the 10% pa limit. In our opinion, if the overdraft facility is only needed for a few days, for example if the salary arrives in the next few days, no credit has to be taken out for such cases. However, if it appears that you are likely to remain in the overdraft facility for a longer period of time, we would recommend an  immediate loan.

Why do we recommend a loan with a term instead of using the overdraft facility? A loan is not a loan. In our loan comparison you will find instant credit with a free total repayment and numerous other loan services. If you take out such an instant loan, you can repay it in full at any time. The main advantage is the lower interest rates. You already receive instant loans with an interest rate of around 3% pa ‚Äč‚Äčinstead of the 10% pa with an overdraft facility, which we consider to be a considerable saving for you. In addition to the higher interest rates, repayment for an overdraft facility can be tricky for some consumers. Since a overdraft facility does not have to be settled immediately, some consumers tend to postpone the repayment somewhat into the future. However, the longer you wait for the repayment, the more “interest fees”

With an instant loan, you have full cost control. Thanks to the monthly loan installments, you always know what is due monthly for the instant loan and the installments are always debited monthly. The instant loan is paid off in full by the end of the term at the latest. If the financial situation has improved, the loan can also be repaid in full immediately with a total repayment. To clarify the facts even better, here is an example of an unscheduled purchase with an instant loan:

Due to a defect in the car, an unscheduled repair must be carried out for 3000 dollars. A bonus payment of 2500 dollars is expected in two months. An immediate loan of 3000 dollars with a term of 24 months is taken out so that the repair can be carried out. In the first two months, the monthly loan installment is paid as normal and upon receipt of the bonus payment, the loan is fully repaid at the end of the third month. After 3 months, the instant loan is therefore deducted and the interest is limited to a minimum compared to a overdraft facility.

What does credit mean with instant approval or instant decision?

What does credit mean with instant approval or instant decision?

With an instant loan, nobody wants to wait long for the loan decision. For this reason, the loan comparison is designed in such a way that you can only get the optimal loan with a few entries. If you have decided on one of the instant loans from our loan calculator, you will need personal information in the further course. This includes information about you, your current employment and information about your financial situation. You will only be asked for information that is really relevant for the loan application! This is not a special feature of online loans or instant loans. No matter which bank you want to take out a loan with, at least the same data will be requested everywhere.

A small household bill can be derived from your income and expenses. Basically, your income is offset against your monthly expenses. In the end, there should be at least enough left every month that you can afford the monthly loan installment of the new loan. In the financial world, one speaks of the available monthly income. Depending on the bank, the disposable income required for a positive credit decision varies. If you have filled in all the information correctly and truthfully, you will receive an immediate decision within a few seconds after submitting the application. However, this immediate commitment is still provisional because the bank needs all of your documents for a credit check. However, if your documents correspond to what you entered in the loan application, you can expect the loan to be paid out soon on the mentioned conditions.

Leave a Reply

Your email address will not be published. Required fields are marked *