Mini loan with immediate payment – Guide
Many households know the situation. Suddenly a high bill flutters into the house, which can not wait. Unfortunately, to pay the necessary money is missing. The current account is nothing more, because the Dispo is exhausted to the limit. The friends and relatives are also just broke and the person concerned is alone with the unpaid bill. These are exactly the moments for which a mini-loan would be ideal. This market gap has been discovered by some financial service providers. For quite some time there is this financing model. It is aimed exactly at the situation described, because a mini loan is not about high loan amounts and long maturities, but it should be bridged in the short term, a financial shortage.
What is a mini loan with immediate payment?
A mini credit is characterized by the small amount. Customers can get up to 600 euros with a term of two months. The minimum amount is even lower. Already for 100 euros a mini loan with immediate payment can be requested. The term is ideal, because even the small amounts can be paid in two monthly installments. The payment can be made on request and for a corresponding surcharge on the same day by a lightning transfer. Only a few offer this business model. The conventional banks are the effort too large. Here, the loan amounts start only at 1,000 euros.
How does a mini loan with immediate payment work?
The mini loan with immediate payment is applied for online. As with a conventional installment loan, the claimant must also provide personal information. Also, the income statements and the current bank statements must be within reach. After all the data has been entered in a form and forwarded to the bank, an acknowledgment or refusal is received within a few seconds. The procedure is carried out by default, which is why a quick response is possible. Providers no longer use the Postiden process for the legitimization process, but have switched to the more convenient videoident process. So a legitimation is possible directly on the PC. This shortens the process and the processing time.
What are the requirements?
A mini loan can be applied for by any professional. Even freelancers and the self-employed have the opportunity to do so, which is not a matter of course with normal installment loans. Negative entries in the private credit must not exist. Two providers are the only exception. Neofunding and Viloan may also have negative private credit entries if they are not severe. Then it works with a mini loan immediate payment despite private credit.
What are the costs for a mini loan with immediate payment?
Overall, this question can not be answered, because the prices of each provider are different. It also depends on what additional services the borrower books. A lightning transfer can be quite expensive. It should not be forgotten that the costs are not so important due to the low loan amount.
What do I have to keep in mind so that the loan is paid out within 24 hours?
If you need the money fast, you have to choose a provider that offers lightning transfers. For this to work, the application and the transmission of documents must be completed as early as possible in the morning. On the side of the provider, the time is noted until when the documents must be received. These companies offer the new videoident legitimacy process to speed things up. The customer no longer has to take long ways to the post office or queue in the long queue at the counter. Everything can be done from home. This requires a PC, an internet connection and a webcam. To identify, the user must hold his identity card in front of the camera and can identify himself so quickly and easily. The required documents can be uploaded just as quickly.
Who offers a mini credit with immediate payment?
Neofunding, Money Expresso, Viloan, Meelending and the Zalon direct money offer are the providers of a mini loan with immediate payment. The cost of this mini loan vary and can be viewed directly from the providers. There is no prepayment or other hidden costs. All costs are listed in detail. This applies in particular to selected special benefits, which are chosen in addition to the mini-credit.
Mini loan without private credit with immediate payment
A mini loan is possible with two of the mentioned providers. These are Neofunding and Viloan. Here the procedure is not carried out according to the standard procedure. Here you take your time for each case. However, if it turns out that the economic situation of the applicant is so bad, then there is no loan commitment. However, a mini-loan immediate payment despite private credit is possible if the entries there are not so severe or if an endorsement note is behind the entry.
Why should a mini loan be applied for?
A mini loan has its advantages. If, for example, the checking account is stretched to the limit and no more loans out, then the mini loan is the last resort. Basically, it is nothing more than a Dispo, which you can use at short notice, only much cheaper. After all, most banks require double-digit interest on account overdraft. In the long run that really goes into the money.
Mini loan for purchases
It is not recommended to use a mini loan with immediate payment for purchases. The money should really only be applied for in an emergency. For the purchase of consumer goods, he is inappropriate and misses the actual meaning. A mini loan should only bridge the time until the next cash receipt. He is meant for that. A proof does not have to be provided, because the purpose is free. Therefore, it is the responsibility of the borrower not to apply lightly for the instant loan mini loan.
The financial service providers demand a minimum income from regular work. Unemployed people have little chance of such a loan. The conclusion of a residual debt insurance is not necessary, because these are relatively small loan amounts. That would also unnecessarily cost. If the mini loan with immediate payment is not repaid on time, then a dunning procedure threatens. In this, this mini loan does not differ from other loans. Similarly, a negative entry in the private credit.Anyone who does not repay a mini loan with immediate payment in due time and a dunning procedure must be initiated, blocked any chance of another loan.
Self-employed and freelancers
This profession usually has difficulty getting a loan. Not so with a mini loan. As proof of their income situation, they have to submit more documents than other bank customers. These include balance sheets, income and surplus accounts and income tax returns. Only after a detailed examination of the submitted documents is a final acceptance or rejection.
Mini loan without private credit with immediate payment
Neofunding and Viloan do not require advance payment, as is sometimes the case with private credit-free loans. As soon as advance payment comes into play, the loan seeker should avoid such offers. At Neofunding and Viloan, the worries and hardships of those seeking money are taken seriously, rather than being ripped off.
The following advantages are offered to consumers with a mini loan with immediate payment:
- Can be conveniently applied online
- Verification is done through the videoident method, which truncates the procedure
- A payment is possible by lightning transfer even on the same day, at the latest within 24 hours
- Even with a negative private credit a mini loan with immediate payment can be applied for
- Can also be requested by self-employed and freelancers
- No conclusion of a residual debt insurance mandatory.
Frequent rejection reasons for a mini loan
Even a mini loan can be refused after the application. The most common reason for refusal is a very bad credit rating. But there are other reasons why a mini loan can be rejected. The most common reasons are:
- no monthly income available
- there is an affidavit
- incomplete or incorrect information in the application
- The borrower is not registered in Germany
Final to a mini loan
A mini loan with immediate payment is a completely new business model that has not been on the market for long. Banks are having a hard time with a low-lending loan. These market gaps have recognized these financial portals for themselves and offer consumers the short-term way of raising money. This loan serves as a short-term bridging until the next money comes. But who is constantly in checkout before the next cash receipt should refrain from it and think of other ways, because the mini loan with immediate payment can tear a hole in the budget, if anyway the money is always missing. Therefore, a mini loan with immediate payment should really be chosen only in an emergency. Otherwise there are difficulties that you should definitely avoid.