Take out a quick loan

You can’t always wait long for money – there are simply moments in life when you need a certain amount quickly, preferably overnight. It is bad for those who do not have sufficient financial reserves to manage the amount X on their own: external financing is necessary.

How quickly can I get money?

How quickly can I get money?

Even if certain advertising suggests otherwise: from one day to the next, you won’t get any money anywhere, especially not on the Internet. This also applies, or in particular, to loans that are referred to as instant loans, 24-hour loans or urgent loans. In principle, these terms refer to the loan approval, which is usually provisionally granted after completing the online loan application.

What does “provisional” mean?

What does "provisional" mean?

For the time being, this means that it is not a firm loan commitment, because the bank still has to check the information you provided online. For this review, you will be asked to disclose your income or your financial circumstances – this works by post for online loans. As a rule, you must send in (including the completed and signed loan application) bank statements that show your regular and other expenses, pay slips to prove your income and finally a copy of your employment contract so that you can see to what extent you have been employed on a trial or temporary basis,

Is a conventional loan faster?

Is a conventional loan faster?

Sometimes yes! The advantage is that you can present the necessary documents directly on site without having to dispute the annoying post, there are several working days through personal contact with the bank advisor. The house bank has another advantage: Your credit rating no longer has to be checked because you are known to the bank. To get an overview of your income and expenses, the bank advisor can simply look into your account on site and all questions will be answered.

Either way, applicants should expect a week or several working days before it is theoretically possible that money can flow into their account. On the other hand, the so-called “tolerated overdraft” is granted more quickly – that is, the short-term violation of the disposition framework that has already been granted.

 Self-employed credit Рoffered by the bank

 

 

It is very difficult for the self-employed, freelancers and commercial operators to get a normal loan. Banks always prefer to give a loan to people who have a permanent job and can therefore prove a regular work income. Loans have been made more difficult due to the introduction of guidelines on customer ratings, which German banks must adhere to when granting loans.

The default risk for the loan repayment is determined here based on income and personal circumstances. Despite existing income, the banks describe the default risk as much higher, because according to the banks it is not secured. If banks grant a normal loan, this can only be obtained with a very high interest rate or only if certain collateral can be offered to the bank.

Remedial measures can be taken with special loans for the self-employed.

Remedial measures can be taken with special loans for the self-employed.

 

Advantages of a loan for the self-employed Special offers are aimed at the self-employed and freelancers, the loans for the self-employed. However, this product is only offered by a few banks and service providers. Here, borrowers can benefit from the advantages of getting a loan that has a comparatively low interest rate and that does not require the banks to be given high collateral.

Offers from the individual providers can be found in a credit comparison. Here, customers should pay particular attention to the providers who advertise self-employed with labeled loans.

These banks or providers partially circumvent the rating requirements because they cooperate with foreign banks where other requirements apply. But German banks that specialize in lending to the self-employed can also grant good loans at low interest rates. A loan for the self-employed is always subject to lower interest rates, since a loan offer has only been developed for the self-employed and freelancers. Services provided by the loans for the self-employed When choosing the right provider for a loan for the self-employed, a lot should be borne in mind so that it is not too expensive.

Other types of credit

The interest should be given in a framework that can also be found with the other types of credit. Depending on the amount of the loan, the desired term and also on the individual circumstances, the loan costs are made very different at the providers.

If some providers with comparatively low interest rates can emerge from a comparison of providers, it is only possible with another bank to get a loan with twice as high interest rates. Depending on the creditworthiness of the borrowers, the interest rates at many providers will be adjusted.

In addition, there are always additional costs for loans for the self-employed. Extra costs are payable, especially for offers that foreign banks pass on to borrowers. In addition to the processing fees or the closing fees, credit intermediaries will still incur commissions that make the loan for the self-employed more expensive than other loans.

A comparison of providers, in which all services and costs can be viewed down to the smallest detail, should therefore be used by all self-employed and freelancers. A loan can also be found for these groups of people, which need not be overpriced.