If you want to take out an instant loan online, you have several options. He could go to the website of the desired bank and fill out an appropriate form there. However, if there is still no clarity as to which loan is the right one, it would be better to carry out a comparison on the Internet before making the final decision. Such a comparison is completely free, non-binding and possible around the clock, seven days a week.
Compare interest, term and special conditions
A credit comparison on the Internet contains several elements. However, it would be very important to pay attention to the amount of interest and the length of the term. The interest can be both credit-dependent and credit-independent. Interest rates dependent on creditworthiness are characterized by the fact that their amount is not fixed from the outset, but is determined individually for each customer. The only decisive factor is the degree of personal creditworthiness, which can range from just sufficient to good and very good to excellent. The better the personal credit rating is assessed, the lower the interest rate.
In the case of a credit-independent loan, however, individual factors play no role at all. The interest rate is basically the same for all customers who are considered creditworthy. In addition to the amount of the interest rate, the length of the term and the question whether special repayments or early redemptions are possible during the term play a decisive role. Once the right loan has been found, the customer could go directly from the comparison portal to the bank’s website and take out the instant loan online there. The website explains exactly what steps are required.
Application, approval and payment
Most banks have special forms with which the customer can take out the desired instant loan online. These forms would have to be provided with the personal data and then sent directly to the bank. If this has happened, Credit Bureau information will be obtained from the customer within a very short time. After just a few minutes, the bank is able to give the customer an immediate approval or rejection of the loan. In the former case, she asks him to submit further documents. This primarily includes the current proof of income such as wages, salaries or pensions.
All of these documents must be sent to the bank using the Postident procedure. To do this, it is necessary to present the identity card or passport together with the credit documents at a post office counter, where the customer’s identity is checked. When this is done, the counter clerk sends the loan documents to the bank. Now they are finally checked. If the decision is positive, the entire loan amount will be transferred to the customer’s checking account within a few hours or days.