An instant credit online with instant approval is characterized in particular by the fact that a credit approval or rejection can take place within a few minutes. However, it can take several days before the entire loan amount is paid out. The main reason for this is that the lending bank has to check all the information provided by the customer for their truthfulness and that the transfer path between the individual banks can take several days.
Credit comparison on the Internet
If you are looking for an instant loan with an instant promise, you should obtain several offers and not only compare the interest rates, but also the other conditions. There are numerous comparison portals that are updated daily and in most cases also have a loan calculator. Its use is straightforward, requires little information and can be repeated as often as you like.
As soon as the suitable instant loan with instant approval has been found, it can be applied for using a special application form on the website of the bank concerned. It does not have to be a purely online or direct bank. Many German branch banks also offer instant credit online with instant approval.
Requirements for lending
Similar to any other loan, the customer must also have a good credit rating in the form of an impeccable Credit Bureau information and a regular income with an online loan with immediate approval. The income should also be so high that, in addition to paying the monthly repayment installments, there is still enough scope for subsistence and for financing unforeseen expenses.
If this is not the case, the bank will reject the loan application. Here, however, the customer could try to get a loan approval by reducing the loan amount taken out, extending the term and / or reducing the monthly repayment rates. However, this only applies if the Credit Bureau information is in order. Even small negative entries can be an absolute exclusion criterion for lending.
In the case of more serious negative entries, such as an affidavit or personal bankruptcy, lending is completely impossible. Here, the person in question would have to concentrate on paying their old debts before making new financial commitments.
Approval, payment and repayment
If the loan application is approved, an instant loan is transferred online to the customer’s checking account with an immediate approval. A cash payment by postal order is only possible in the very rarest of cases. The repayment must be made in equal monthly installments over a clearly defined term. In certain circumstances, it could also be possible to make special repayments or to redeem the entire loan amount early. If this is the case, a corresponding clause is laid down in the loan agreement.