Take out an instant loan - pay out on the same day

What is an instant loan?

Many providers use the term "instant loan" to refer primarily to immediate approval. This means you can find out straight away whether you can take out your loan. However, this does not mean that you will be paid out your money immediately. To give you an overview, we summarize where you can apply for an instant loan and how quickly you will receive your money:

1. Bank loan: immediate payment possible.

2. Credit card: Immediate use possible if credit card is converted to installment payment.

3. Pawn loan: immediate payment possible

4. Car loan: immediate payment possible

5. Salary advance: immediate payment possible

6. Private loan: pay out after a maximum of 5 working days

7. Loan from friends or family: immediate payment possible

HOW MUCH MONEY CAN I BORROW WITH AN INSTANT LOAN?

With an instant loan, you usually get your money paid out for free use, depending on the loan and the requirements you bring with you, you can borrow different maximum amounts*.

*lt. Online research

LOANS IN COMPARISON - WHAT REQUIREMENTS DO I HAVE TO MEET?

At the bank: For a loan from the bank, you need a regular income, a good credit rating and a household budget that works despite the credit card you want. The term is up to 10 years

Apply for payment in installments for the credit card: As your credit rating has already been checked for the card to be issued, a telephone or written request to your credit card provider is usually sufficient. Your balance will not be debited in full, but only in installments (10%). However, there are also credit card providers that debit a smaller amount each month.

Pawn loan: You only need one item of collateral. Your financial situation does not play a role in taking out a pawn loan. The loan runs for 90 days and can be extended online at any time.

Car loan: You can get your loan despite bankruptcy, debt collection or even without a job. For higher amounts, however, proof of income is required in some cases. The loan runs for 3 months and can be extended online at any time.

Salary advance: The only requirement is that you are in a valid employment relationship. Agree individually with your employer how much money they can lend you. As a rule, this advance is repaid with the next vacation or Christmas bonus or through paid overtime. The term until repayment is agreed individually.

Loan from private individuals: If you want to take out a loan from private individuals via a platform, you need income from employment or self-employment and a medium to good credit rating. The term is up to 10 years.

Loan from friends or family: You agree individually whether and how much money you can borrow and when the repayment will be made.

WHAT ARE THE INTEREST RATES AND FEES FOR AN INSTANT LOAN?

The fees differ depending on the loan variant:*

*lt. Online research

WHEN IS TAKING OUT AN INSTANT LOAN AN ADVANTAGE?

An instant loan is particularly suitable for short-term bridging, for example:

• Unexpected repair costs

• Unexpected invoices or additional payments

• Balancing the current account

• Vacation - use of favorable offers

• Urgent purchases

FREQUENT QUESTIONS

Can I also take out my instant loan online?
Yes, this is possible for all variants.

Can I get an instant loan without an income?
If you don't have a regular income, a pawn or car loan could be the right type of loan for you. You could also borrow money from friends or family in this case.

Can I get an instant loan even if the bank turns me down?
Providers of personal loans via various platforms often don't have as strict requirements as the bank, so you still have a good chance of getting a loan elsewhere.

Can I get my instant loan even if I have a poor credit rating?
With a pawn loan, your credit rating doesn't matter, you will get your loan regardless. A salary advance or a loan from friends or acquaintances can also work without a credit check or with a poor credit rating.