What is an express credit? Many consumers cannot imagine anything like this. In simple terms, this loan means that it is paid out immediately after approval or the loan amount is transferred. The loan application is processed early.
How do you get a rush credit?
The basic requirement for a loan approval is a positive credit rating. In addition, the loan seeker must provide evidence of a permanent employment relationship. If these requirements are met, an emergency loan can be applied for from a branch bank or an online bank. Those who contact their house bank can usually take the money with them immediately after talking to the advisor.
At an online credit institution, this loan means preferential processing. First, all relevant documents must be sent to the bank. After the bank receives it, the preferred assessment is made and the money is transferred immediately after the loan has been checked and approved. This is associated with higher costs.
Mini loan as an emergency loan
Sometimes the loan amount doesn’t even have to be high. Often, several hundred USD are enough if, for example, the energy supplier wants to turn off the electricity due to unpaid bills. In this case, a mini loan helps. This starts at 100 USD and ends at 600 USD. There are not many providers of such loans. However, Lite Bank has also discovered this market for itself and offers a quick loan as a mini loan.
This credit can be applied for directly online at Lite Bank. This bank also has a branch in almost every city. If you contact a branch directly, you can take the money with you. These mini loans must be repaid within two months. But here again it is the Lite Bank, which also allows longer terms and higher loan amounts.
What is to be considered?
The loan seeker should not fool himself. It must be ensured that the loan can also be paid within the specified time. As soon as the slightest doubts exist, a loan waiver is more appropriate. Alternatively, you can ask friends or relatives to help you financially.
Even with a loan with a two-month term, care is taken to ensure that it is repaid on time. If this is not the case, the bank issues a reminder. This is associated with additional costs. If payment is still not made afterwards, a corresponding statutory dunning procedure is opened and Schufa is informed of the delay in payment. With such an entry, all chances for another loan are blocked.