Small loan with immediate payment
Sometimes it’s the little things that make life enjoyable. Unfortunately, these are not always free. If you do not have enough small change to fulfill your heart’s desire, you must apply for a micro-loan with an immediate payment. But it does not offer everyone such a small loan, because usually moves the sum between 100 and 3000 euros. Because the effort is too big for some banks, they often reject a small loan. But there is still a remedy because there are five providers of such small loans on the Internet.
What is a small loan with immediate payment?
With such a small loan, the payout will not be long in coming. Immediately after a positive credit decision, the money is transferred to the customer. Thus, it is actually possible to get the loan amount within 24 hours. But you should not confuse this loan with an instant loan. In this case, only the loan commitment within a short time. A payment of the loan amount takes up to five days.
A small loan is also characterized by the low loan amount. It is even possible to get only an amount of 100 euros as a small loan. However, the selection of providers is not large, because for most banks, the effort is too large. Only five providers are capable of doing so. One should also keep in mind that the term is significantly limited in a small loan. For example, in the case of a small loan with immediate payment of 600 euros, this amount plus interest and any additional benefits must be repaid within two months.
How does a small loan with immediate payment work?
The new Videoidentverfahren makes a small loan with immediate payment possible. The annoying postident procedure is thereby rendered superfluous. The customer only needs to verify the videoident procedure on the home PC with the corresponding documents. In addition, the SEPA credit transfers have considerably reduced the time for a transfer. However, not every bank offers the new videoident method.
What are the requirements?
First, the technical requirements must be met. The following devices are required:
- Stable internet connection
- A PC with webcam or a smartphone with front camera must be present
- It is needed a corresponding software for video telephony.
In addition, appropriate documents are required. These include the front and back of the identity card. In addition, the bank wants to see a recent bank statement and the last three income notices. The credit agreement must be completed and signed.
If all conditions are met, then there is nothing in the way of an immediate payment of the small loan. So that everything runs smoothly, one should consider the business hours. At the weekend, most banks do not work and it comes in the following week to pay off the loan amount.
What are the costs for a small loan with immediate payment?
As with any other loan, this small loan also attracts interest. The amount depends on the respective provider. In addition, there are the costs for any additional services and lightning transfers.
What do I have to keep in mind so that the loan is paid out within 24 hours
In order for a loan to be paid out within 24 hours, a few things need to be considered. The technical requirements for a videoident procedure must be present. To legitimize you should keep an ID card or passport handy. Most banks have fixed opening hours. If the loan application is submitted to the lending institution before 11.00 am, the payment will be made on the same day with good luck. However, if there is a weekend in between, the next payout can not be made until the following Monday. In addition, the company has to offer express or lightning transfers. Otherwise, the transfer takes about three to four days.
Who offers a small loan with immediate payment?
The following providers offer a small loan with immediate payment to:
- Loan Expresso
For all providers, a German checking account is a prerequisite for the loan approval. A withdrawal is possible in 24 hours, except for Neofunding. Neofunding offers withdrawals even within 30 minutes.
Small loan without private credit with immediate payment
A small loan immediate payment despite private credit is only possible with Viloan and Neofunding. Basically, the private credit is always queried before lending. With negative entries the chances of success are low. Only Viloan and Neofunding have their own rating criteria. Who knows that there are negative private credit entries, should contact these two portals directly.
How do the credit sums stagger?
A small loan with immediate payment is available in different amounts. 100 Euro, 200 Euro, 300 Euro, 400 Euro or 500 Euro are offered by most providers. If you need more money, you can take advantage of the loan offerings of Zaloan from Creditend and Vigorbank. Here, loan amounts between 1,000 and 5,000 euros are possible.
Is a small loan with immediate payment also possible with negative private credit?
No bank assigns a loan with a negative private credit, but with Neofunding and Viloan it depends on the type of negative entry. If there is an affidavit, if there are wage garnishments or if the borrower is in private bankruptcy, there is nowhere a loan.
Is the completion of a residual debt insurance necessary?
For a small loan with immediate payment no residual debt insurance must be completed. That would unnecessarily increase the amount for a small loan amount. Since a small loan is most of a manageable amount, there should be no difficulties with the repayment.
How often can I request a small loan with immediate payment?
Once the first microcredit has been paid in full and on time, there is nothing to prevent another loan. The conditions for lending have remained the same. As before, the customer must submit his income statements and the last account statement. Even with a second loan application, the banks again check the credit rating. This could have changed in the meantime. If there are still no negative entries, a loan approval is likely.
Can a small loan with immediate payment be applied for despite a current loan?
Consumers who are already paying off a loan can still experience financial difficulties. Often enough, the billing of the energy supplier, which can ruin even the best financial planning. With a small loan this financial bottleneck can be bridged, if the credit rating is still good. How high the loan amount may be depends on the income of the loan seeker.
Small loans are not earmarked. The borrowed amount can be used both for shopping, for the balancing or debt rescheduling. The customer should be aware, however, that both loans will be repaid on time. If there is even the slightest doubt, then you should refrain from a second loan and prefer to come up with another solution.
Small loan or prefer to use the Dispo?
A small loan without private credit with immediate payment does not exist. The difference to conventional loans is that a small loan immediate payment despite private credit is possible if the entry in the private credit is not too serious. The alternative to a small loan with immediate payment is the Dispo on the checking account. If it exists, it can be used without bureaucracy. The bank does not have to be asked for permission beforehand. Use may be required if in the meantime negative badge entries have been added. When using the Dispos the private credit is no longer checked. If a small loan with immediate payment is denied due to the creditworthiness, then still the Dispo.
Small loan with immediate payment for self-employed and freelancers?
Self-employed and freelancers can also request a small loan with immediate payment. For a commitment they have to submit more documents. Only the bank statements are not enough. Balance sheets, profit and loss statements, income tax assessments must be submitted. Thereafter, a decision is made on a case-by-case basis. A rejection is not necessarily pre-programmed, as long as the sales figures allow a loan.
A small loan is requested quickly. For many households, it offers the last opportunity to close a financial gap, if the traditional banks have already rejected. Such a microcredit becomes expensive only if special services such as lightning transfers are desired. Otherwise, the costs are limited, which is also due to the low loan amount. The interest and costs are not so important for small amounts.