In online times, the path from applying for a loan to being paid out has become much shorter in many cases. Some credit institutions even explicitly offer the loan with immediate approval .On these pages we show the shortest route from the application to the transfer of the money. Employees and self-employed can also find the right provider here.
This is how you can recognize the loan with immediate approval
There are enough moments in life when money is needed unexpectedly and quickly . This can be an accident, a new vehicle has to be financed quickly. However, this can also be financial turbulence in the business area – the self-employed in particular are not safe from surprises. Now a loan is needed. However, this should not only be cheap, it also depends on the immediate payment. But is there such a thing as an immediate payout? So let’s first summarize our claims that we make on a loan with an instant commitment:
What does a loan with immediate approval have to do?
- Time from (online) loan application to payment a few hours to days
- Fast credit confirmation (preliminary check)
- Simple and transparent application process
- Sufficiently long term and sufficiently high loan amount
From online application to payment
The fastest way to apply for loans with an instant approval is via the Internet, as direct comparison is possible there. So in a row we limit ourselves to this path, although it is very similar to applying to the bank. The following overview shows the most important steps:
Almost all providers use the Post procedure for establishing their identity to apply for a loan via the Internet. For this purpose, another document with a barcode is printed out on the printed application. With the application, the documents and the Post coupon , you then go to the nearest Post service center and identify yourself to the employee with your ID. This then confirms the identity to the bank. The Post procedure is free of charge.
What documents do I need?
Since it should be quick, it is highly advisable to avoid any demand from the bank. Accordingly, one should make sure when applying that all information is complete and truthful . The income relationships must also be documented.
This is particularly easy for employees : Here, copies of the last two or three salary slips (depending on the bank’s requirements), possibly also a copy of the employment contract, are sufficient, indicating whether the employment relationship is limited or not. By the way: State benefits such as child benefit do not count towards income!
The self-employed should submit their income and wage tax notices to the tax office, an income and surplus calculation and a current business evaluation are also important . A copy of the last bank statements may also have to be available. Here you should carefully read the lender’s requirements beforehand.
What are the cheapest instant loan loans?
The following is a current overview of providers of instant loans with usual payout times. Individual properties such as maximum term, loan amount or availability for the self-employed can be obtained by clicking on the test.
What is striking when looking at this table is that there is very rarely a loan with immediate commitment and immediate payment . The fastest payment time of two working days is realistic, as is often the case at Agree Bank. If you want to speed up the process a bit, you should inquire with the lender whether they also agree to a wire transfer , which can be in the account after a few hours.
Is there a credit with an instant promise even without proof of income or Credit bureau information?
Last but not least, we would like to deal with the problem with poor creditworthiness and the frequently asked question whether a quick loan is also possible without Credit bureau information or without proof of income. The answer is yes and no. There are credit intermediaries who promise a loan with an immediate acceptance (and even immediate payment) without Credit bureau information. Here, however, it is important to look closely: In many cases, very high fees are charged. In many cases, there is no loan at all.