There are situations in which you need fast money, for such situations, emergency loans are intended for immediate payment. Such a situation can be, for example, that you urgently need to repair your car, or that an operation on the pet must be made. There are several ways to get money as fast as possible, here we want to show some.
How do you get an urgent loan for immediate payment at a bank?
If you have been a customer at your house bank for a long time and the bank consultant knows one and the payment transactions and everything is in the green area, one of the bank advisors will certainly be happy to help. Smaller loans are usually granted quickly, only larger loans are examined more closely and intensively.
How do you get an urgent loan for immediate payment on the Internet?
On the Internet there are numerous financial institutions which promise a fast payout. Many comparison portals offer numerous loans for immediate payment. But do not be always irritated by very low interest rates, often there is a catch behind. For example, you should additionally take out a loan loss insurance. These businesses have only one purpose, namely to generate more commission. Also, it is often advisable to accept a higher effective annual interest rate, but if one is given the opportunity to replace the loan early.
The most important prerequisites for obtaining a normal purchase loan are always a positive Credit bureau statement and a regular income. To that, the credit request must be realistic. You can not finance a brand new Ferrari with a monthly income of 1500 Euro net.
What do you have when you are in Credit bureau?
1 – The pawnshop
In almost all major cities, there is a pawn shop somewhere. These are credit institutions that lend you a certain sum against a pledge. If you have paid back this sum incl. Interest, you get the pawn back. Loaning is basically anything that can be turned into money.
You usually get a maximum of one third of what the object you want to lend is worth. So if you bring a smartphone to the pawnbroker, which is worth 600 euros, you get paid a maximum of 200 euros.
2 – The Policy Loan
If you have a life insurance policy, be it a life insurance or a pension insurance, which has a surrender value, you can deposit the surrender value as collateral and get a loan in almost every situation.
A small hint:
Most people fall into the debt trap because they do not ask themselves how much money they need, but how much money they can get.
The stupidest question you can ask when borrowing is How much can I get ?
5 tips on instant loan immediate payment
1. The fastest way to instant loan with immediate payment
The fastest way to an E-loan with immediate payment leads to the fact that already at the beginning all necessary information is given correctly. So of course it is understandable that the payment takes more time, if not all documents are available.
Therefore, the essential documents such as ID card, employment contract and payroll should be ready before the application. These can then be uploaded immediately, so that the loan can be transferred within just a few hours.
2. Check entries carefully
All entries must be checked carefully before they are sent to the provider. It does not help if the borrower hurries and mistakes occur. This will only delay the payment of the loan, because often the information provided has to be corrected manually.
3. When can an urgent loan be taken up?
Who wants to apply for an urgent loan with immediate payment, must have one thing above all – creditworthiness. Urgent loans are usually not awarded without the examination of Credit bureau. If there are negative notes, then such a loan is not granted in the vast majority of cases. In addition, there should always be an indefinite permanent employment relationship.
4. Enjoy express transfer with caution
For extremely fast loans – some are already accounted for within 30 minutes – the cost of the express transfer must be taken into account. Especially when it comes to small sums of money such as 200 or 300 euros, these amounts can make a huge impact and also affect interest rates. So a customer is not astonished, if instead of the borrowed 300 euro suddenly 345 euro to repay and on this amount still the appropriate interest be pitched.
5. Check the duration of the transfer
Before concluding a contract for an urgent loan, the duration of the transfer must be checked. The payout usually takes place the very next day, so it should not take more than three business days for the money to go into the account. However, this is only half the story, which is why it is always worthwhile to read the terms and conditions of the provider exactly. This may possibly be delays, but these are only mentioned in the fine print.
The loan with immediate payment – what exactly is that?
While normal loans often require a longer wait before paying out the loan amount, the immediate payment loan offers a distinct advantage: the money is usually in the borrower’s bank account within two to three business days. Thus, this loan is ideal to be used for short-term major purchases or to settle open bill.
How reputable are loans with immediate payment without proof of income?
To determine if a loan offer is really serious, a few factors should be considered. For example, it is important that the bank does not charge any costs before concluding the contract. Also, the interest rate should be specified directly as annual percentage rate, because only in this all processing fees and other costs are included.
What are the advantages and disadvantages of such a loan?
A big advantage of a loan with immediate payment is, of course, that the borrower can dispose of the desired sum after a short time. On the other hand, ordinary consumer credit often requires waiting periods of one week or more. The disadvantage, however, is that banks can of course also pay these loans accordingly: The interest on a loan with immediate payment are higher in percentage terms than in the normal installment loan.
How to find the best deal for a loan with immediate payment
When it comes to getting the cheapest possible loan with immediate payment, the first step should always be a thorough credit comparison. The easiest way to do this is via the Internet: not only is it completely free, it also takes just a few minutes to complete and offers the opportunity to find the best deal for your desired loan.