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You can quickly and easily bridge a financial shortage with an urgent loan . Even if you want to make a short-term purchase, the express loan is the fastest way to get up-to-date on the required sum. The processing is straightforward and the disbursement of the loan amount is usually immediate, so that the money needed is quickly at your leisure. In this article you will learn what an ExpressCredit is, what advantages and disadvantages are associated with this type of credit and how the transaction is structured.
The express loan is characterized by the fact that it is processed like a normal installment loan, but the processing and payment is very fast, which is why an urgent loan with immediate payment is spoken. After the positive credit decision, the loan amount is transferred directly to your account and it is possible to receive the money within 24 hours after the application. Your loan application for the urgent loan arrives immediately after the application for control by the bank. After the release, the urgent loan will be paid out immediately. If the application is submitted before 12:00, the money you need is usually in your account on the same day. The express loan is not earmarked. This means that you do not have to explain or justify what you need the money for.
Features of an urgent loan with immediate payment
Because the loan is processed directly online, you usually receive a loan approval or rejection within minutes. If the express loan is approved, the money can be quickly available in your checking account via express transfer if the lender offers the special express option . However, for the immediate payment higher fees are due, which vary from provider to provider. If you rely on a conventional installment loan, the processing time can take several days. With a normal processing time, it takes an average of 5-7 days for you to dispose of the money. The immediate payment loan is possible through new techniques in the legitimacy check.
In the past, it was necessary to carry out the post-identification procedure at a post office. Today Video-Ident offers a direct way to verify the required documents after requesting the emergency loan via video telephony. With SEPA, a Europe-wide standard has been laid down, with which transfers can be processed more quickly. Video identification and the possibility of express payment create the conditions for an urgent loan with immediate payment . You need a stable internet connection for video telephony. You can use a computer with a webcam or a smartphone with a front camera for the video identification procedure. Next is the video telephony with appropriate software (eg Skype) possible.
You should have all the necessary documents ready when you need an emergency loan. To use the video telephony, special hardware is needed. After completing the online application, you must present the front and back of your ID card for verification, provide proof of a fixed monthly net income and permanent residence in Germany, as well as the completed and signed loan application.
You should meet the following requirements if you apply for an urgent loan:
Computer with webcam, smartphone and corresponding hardware
The lenders have different business hours. If, for example, you make a loan application on a weekend or a public holiday, you will not be able to disburse the loan amount until the next working day. In order to receive the payout on the same working day, you must be aware of the deadlines of the provider in which the documents must be signed and sent. The identification by video telephony must be completed. As a rule, these periods are between 13 and 15 o’clock.
In order to be able to evaluate the credit rating, a private credit query is carried out for all providers. If you have hard characteristics, you will not get a quick loan from many providers. Some lenders, such as viloan and Instacash, offer the no-private credit loan with immediate payment. viloan and Instacash evaluate the creditworthiness of an applicant according to their own criteria, which is why an emergency loan is possible if a private credit entry exists. Instacash also offers the possibility to receive an urgent loan with a negative private credit entry.
The option of express payment includes the promise that the approved loan will be paid on the same day. For some providers it is possible to make a transfer within 30 minutes. This express option incurs additional charges that increase the cost of the loan. The costs of express processing vary depending on the provider and usually amount to 10-30 €. For the flash transfer you pay between 25-50 euros in addition.
You should be prepared for the urgent loan to be paid out to you within 24 hours. You will need your identity card, proof of income and the technical requirements to complete the Video Ident procedure. The application can only be processed quickly if all necessary documents are available. If you also book the express option, the process and payment for the ExpressCredit are additionally accelerated. Remember that the lender needs all the required documents. If only one proof is missing, this can prevent the timely payment.
The companies Instacash, ExpressCrediter, viloan meelending and the Camibank Direct offer one
Urgent loan with immediate payment . Below is a brief overview of each provider.
Instacash specializes in urgent loans. The amount of the loan is Instacash between 100 – 3000 euros with a duration of 7-180 days. As First customer the maximum loan amount for the urgent loan with immediate payment is 500 euros. With the option “Boni +” Instacash also offers an urgent loan immediate payment despite private credit with medium credit rating. This option will incur additional charges equal to 10% of the loan amount. With the express option, you can get the money paid out on a positive credit decision within one working day. Instacash uses a special Ident method so that the money will be deposited into your checking account within 30 minutes. Instacash calculates an additional 39 euros for the express option.
As a new customer ExpressCrediter offers you an urgent loan with immediate payment of 50 to 500 euros. Existing customers receive an urgent loan up to 1500 euros. The repayment term is between 30 and 62 days. The unemployed, students, trainees and students can also receive the urgent loan with immediate payment. The minimum age for an ExpressCredit is 18 years. The requirement for ExpressCrediter is proof of permanent residence in Germany. The credit decision is made within 60 seconds and the identification can be done online with Verify-U or Postident. The Dackcredit immediate payment despite private credit is possible, but depending on repayment behavior and score.
viloan offers customers an urgent loan with immediate payment of between € 100 and € 600 with a term of 15, 30 or 60 days. New customers receive a maximum ExpressCredit of 199 euros. The express payment (super-deal) will get you the money within 24 hours, which costs 39 euros extra. For a preferred processing, 35 euros will be charged. viloan uses the Verify U legitimacy procedure, which does not require legitimization when making an initial application. The urgent loan with immediate payment is also suitable for persons with a private credit entry. At viloan the loan can also be requested via SMS. The provider also allows for a negative private credit an urgent loan. Prerequisites are a German residence, the minimum age of 21 years and a net income of at least 700 euros per month.
The urgent loan with immediate payment takes place immediately at Kredi2go after the conclusion of the contract. After you have submitted your application, you will immediately know whether the desired loan has been granted. Once the documents have been verified, the loan amount will be automatically transferred to your bank account. The identification takes place by video telephone call with the responsible credit counselor. meelending offers the digital signature to complete the loan agreement.
Camibank Direct money
With the Camibank Direct money you receive an urgent loan with immediate payment between 100-3,000 euros. The duration is between 2-6 months. The provider uses the simplified Ident method and currently charges no fees for the express payment. With the Targo direct money creditworthiness, a fixed residence in Germany, as well as a net income of at least 601 euro are presupposed.