Credit online with instant approval

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Anyone who needs a loan also wants to quickly hold the loan amount in their hands. In most cases, however, this is not possible because the banks have to check the customer’s creditworthiness. For this purpose, a Credit Bureau query is carried out, which already provides an indication of the customer’s solvency. A check of the salary statements also provides information about the customer’s creditworthiness.

If these criteria are positive, there will be a loan approval immediately. However, it will take a few days for the money to be deposited into the account. Of course there is the possibility to go to a branch bank and present your loan request there. There are banks that approve and pay out their customers’ credit within an hour. To do this, however, the customer must have the necessary credit documents and ID card with them.

The Credit Bureau query only takes a few minutes. But many customers shy away from going to a bank, preferring to use an online loan with an instant confirmation. This will be possible through the internet. There are a lot of offers that grant a loan online with immediate approval.

Credit online with instant approval

Credit online with instant approval

The Internet has made it possible for consumers to apply for their credit online today. These loans are standardized banking products that are subject to an automatic procedure. The credit online with an immediate approval requires a perfect Credit Bureau, a regularly incoming and sufficiently high income that is above the garnishment-free limit. The consumer must not belong to a risk group for which an online loan with immediate approval cannot be approved.

Risky loans include, for example, Credit Bureau-free loans. The customer’s Credit Bureau is not seen, which ultimately constitutes a risk loan for the bank. Interest on these loans is correspondingly high. But if the Credit Bureau is ok and the income is moderately high, a loan application can be made around the clock, 365 days a year. The customer can assume that the automatic procedure will process the credit request even if no employee is available locally. Banks use special software to process credit inquiries from private individuals, which makes it possible to automatically obtain a Credit Bureau query, check the household bill and also evaluate the borrower using Credit Bureau’s scoring.

The test procedure

The test procedure

If the information is correct and in accordance with the conditions of the bank, such as the net income that guarantees the customer’s performance and the clean Credit Bureau, the loan application is processed within a few minutes and an automated loan decision is made. The credit online with immediate approval is then approved and an email is sent to the customer with the approval. In order to be able to use this procedure, the information given on the loan application must be answered truthfully.

Many customers immediately think of a loan with immediate disbursement when making an immediate commitment. But this is not the case, because a promise to accept a loan and the payment are completely different things. While the approval of the loan request is automatic, staff must be present to pay out a loan, because before the money is paid out, the contract documents are checked and only then will the payment be made.

Every bank will obviously look at the credit documents, even with simple automated online loans. Without this measure, many customers could simply state any income ratios when applying for a loan that do not correspond to reality.

The reality

The reality

Sometimes you can read on the Internet that loans with the same day can be paid out. These are loans with lightning transfer, which are advertised by credit brokers. But from a purely organizational perspective, it is not possible for a loan to be paid out on the same day as the registration. The loan will only be paid out once the signed contract documents have been received by the bank. This means that there is always the postal route between the credit procedure. An instant online loan is not a paid out loan on the same day. A so-called flash transfer is also not a reality. Here advertising promises its customers more than is technically feasible.

A loan in 24 hours is also not possible. This means the entire processing of the credit request, the approval, and the payment of money. 24 hours are not sufficient for processing. Applying for a loan and receiving it on the same day may be possible at a branch bank. An instant loan approval process is not a five-minute loan. If the advertising promises, it should only attract customers.

Hurry customers have often reacted to such advertising messages and ask for a loan where these promises are made. There, too, it is only meant that a loan is processed online with immediate approval in one day and that is already a reality today when a loan is made online.


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