Almost everyone in life needs some money now and then. Be it for an urgent car repair or for the long-planned dream vacation. In many cases, however, the entire sum is not available. With an instant loan with instant approval, these dreams can be fulfilled quickly and easily.
No long waiting times
An instant loan with an instant approval is in many cases an installment loan that is approved by a direct bank. The peculiarity lies in the processing time. As is customary, it does not take a few days or weeks for an acceptance or rejection. The answer as to whether a loan is approved or rejected is available within a few seconds or minutes. This has the advantage that various offers can be obtained within a short time. If one of the contracts is to be concluded, only the signed contract must be forwarded to the institute. As a rule, the money is then transferred.
In most cases, an instant loan with an instant approval can be made very flexible. The terms are between 12 and 84 months. The minimum amount is between 1,000 and 1,500 EUR, the maximum between 50,000 and 75,000 EUR. The interest on such a loan depends on the term and the amount of the loan.
Creditworthiness also has an impact on interest rates. There are banks that grant a fixed interest rate for all credit ratings. If this is not the case, this must be proven when applying for the instant loan with immediate approval. The amount of the interest is usually between 3.9 and 8.55%.
Profitable for both sides
In the meantime, retailers have recognized that an instant loan with an instant promise is worthwhile. Many department stores therefore offer their customers the opportunity to take advantage of this when buying an electrical appliance or other goods above a certain value. The creditworthiness can be checked immediately on site and the customer knows after a few minutes whether he can make the purchase or not. Such loans are particularly suitable for large devices whose purchase is unexpectedly necessary.