Today, more and more borrowers are placing greater emphasis on a loan product that is quickly available and can score with a simple application. Due to the fact that more and more borrowers want a loan that is quickly available, online banks in particular have been able to record a significant increase in demand.
The online banks on the Internet today offer quick and easy borrowing with their instant loan offers. In contrast to many conventional credit products, instant loans on the Internet can convince with a low interest rate, any use and flexible contract design. Private borrowers who are looking for an instant loan today should not do without a comparison on the Internet due to the enormous increase in offers, numerous financial portals now allow a quick and free comparison of several loan offers.
Not impossible, but still make comparisons
Before comparing multiple offers, borrowers should get an overview of which criteria are important when comparing loans.
For many borrowers, the effective interest rate is the most important comparison criterion, since it has a decisive influence on the total loan costs. The effective interest rate is variable compared to the borrowing rate and can vary depending on the loan amount and term and credit rating.
The borrower can have a decisive influence on the effective interest rate via the credit rating. If you take out a loan with a high income, you can look forward to a low effective interest rate. Even borrowers who can present a positive Schufa can call up attractive conditions. Low earners cannot score with a high income, but they also have the chance to positively influence the effective interest rate. By choosing a short term and a low loan amount, a low effective interest rate can also be generated.
Anyone who wants to have an instant credit in their account in 24 hours has no bad chances today.
All instant loan offers are characterized by the ability to apply for a loan quickly and easily over the Internet. An instant loan offer can today be applied for in most banks in 2-3 steps. The application process is always initiated with a loan application via an application form. The loan application can be completed online at the bank. In addition to details of the desired credit, the application itself also includes details of the person and income.
After the credit application has been completed and sent, the bank’s creditworthiness check is carried out; if it is positive, the loan approval is already granted. The credit agreement is subsequently made available to the consumer for download, so that the consumer only has to download, fill in and sign the credit agreement. The contract is then sent to the bank, and upon receipt of the loan application, the instant loan is booked to the applicant’s account in 24 hours.
Finding an instant loan on the account in 24 hours is therefore not impossible, but a comparison in advance is essential, loan calculators are useful for comparing several offers.