Time has become faster. Consumer behavior has also changed. Today it is more than ever about consumption. If there is no money, it is easy for consumers today to take out a loan.
For consumers who are in a hurry, the banks advertise with an instant loan with immediate payment. They promise immediate processing and immediate payment of the loan amount. Thanks to the Internet, this is not a problem. But what is it about these advertising promises? Is there an instant credit with immediate payment and what does that bring to the customer. We investigated the question and did the research for you.
The advantages for the borrower with an instant loan with immediate payment
It is very important to the loan seeker to process his request promptly, approve it and then pay it off. Consumers who need an instant loan should contact a direct bank. Loans, which are now standardized banking products, are processed automatically here. This means that if the creditworthiness is adequate, the loan applicant can actually expect his requests to be processed and approved within a few minutes.
In order to take out the cheapest possible instant loan, it makes sense to do a free loan comparison in advance. The lower the interest rate, the cheaper the loan is in terms of costs. For consumers who want to save money when making debts, the free credit comparison is actually indispensable today. The bank of your choice can be clicked directly from the loan comparison and an application completed, which in turn is sent with a click of the mouse.
When filling out a loan application, loan applicants should work carefully so that all information is truthful. Every commitment is preliminary. It applies subject to the examination of the documents. If you state gross earnings instead of net earnings on income, you can have problems with the immediate loan payment with immediate payment. The loan is only paid out if all the information is correct and the consumer submits the requested evidence.
Thanks to the automatic processing at banks, consumers with the best creditworthiness have the chance today that their application will also be processed and approved on Sundays and public holidays. Only the payment is not so quick. An online instant credit requires the use of the Post Ident procedure. To do this, a branch of the Post Office must be open, which is known not to be the case on weekends and public holidays. In this respect, the instant credit and instant online payment is not as easy as the advertising suggests. Instant loan yes – immediate disbursement rather no.
Apply for an instant loan with immediate payment
If you apply for an instant loan with immediate payment, you should assume that the credit request will be processed immediately and that the credit will be approved immediately if it has the appropriate credit rating. Theoretically, immediate disbursement would only be possible if the customer could be in the bank on site to accept the loan in the form of cash. This is usually not the case. The immediate payment means that the loan is paid out immediately after the contract documents have been received and checked. Until then, a time is always assigned.
If you really need money quickly, you should use your disposition loan or apply for one. The desired credit can be paid out immediately as part of the overdraft facility.
If the loan is applied for online from a direct bank, it takes about seven banking days, i.e. a good week, from approval to payment of the loan amount. This is quite quick for editing. It is probably a little faster at a branch bank, but the fastest way is if it is the house bank. In the branch, the customer can legitimize himself and the post delivery times that extend the process are completely eliminated.