It has become a kind of normality: anyone who wants to afford something, but is currently not sufficiently liquid, just consumed on credit. Loans of all kinds determine the financial life in large part in Germany. Be it the new car, the apartment together with the appropriate equipment on holiday to the new TV: Hardly anything that is not purchased today through a loan or appropriate financing. Here, over 10 million current loans in Germany speak a very clear language. Credit offers can be found on every corner and meanwhile, thanks to the internet, there is not only the conventional installment loan, but also many special loans, including instant loans. An instant loan is a classic online installment loan, which is given without a fixed purpose and can therefore be used for the fulfillment of very private wishes.
The instant loan – what distinguishes it?
The Sofortkredit should, as the name suggests, be able to be disbursed immediately, because whoever needs money often has time pressure. The loan is therefore needed immediately and the waiting for the payment of a conventional installment loan is not up for debate. The demand for a quick loan is offered almost exclusively online by the banks, which have such a loan on offer, since otherwise it would not be possible for the banks to decide so quickly about an instant loan. In most cases, there is then immediate information on whether the instant loan comes about or whether lending is not possible – for example, due to insufficient credit rating.
In the ideal case, the instant loan can even be paid on the same day depending on the bank – in particular if the bank which assigns the quick loan also has a checking account on the part of the borrower. This is rarely the case! So you usually have to expect 2 to 3 working days, provided all the necessary documents are submitted.
The following applies to the timely provision of a quick loan: For a same-day payout, the application with all documents must be submitted before 12 noon on weekdays so that the loan application can be processed by the bank on the same day. The lending bank must also offer a lightning transfer, so that the money can actually arrive on the same day the applicant.