Instant loan in cash
- Written by: Janet Angus
- Category: Uncategorized
- Published: October 20, 2019
An instant loan in cash can be taken out by both a bank and a private person. He is particularly in question if within a few days or hours money is needed to pay urgent bills or financially support another person.
Not every bank offers its customers or prospects the opportunity to apply for an instant loan in cash. Moreover, it is also important to know that the terms and conditions of the banks that make such a loan available on request often differ significantly. For this reason, before deciding on a specific instant loan in cash, a detailed comparison of the terms of each bank should always be made. If a search on site proves to be too time-consuming, the comparison portals on the Internet could also be used.
If then the suitable offerer is found, there are usually two possibilities. Thus, the instant loan can be requested in cash either in a local branch or on the Internet. Both variants have their advantages and disadvantages. On the spot, a direct decision is often possible. If this turns out to be positive, the loan amount is paid out immediately to the customer and is then available for free use. Although an online loan is also a very quick loan approval or rejection, but it usually takes a little longer, until the customer can actually have his cash. This can be particularly detrimental if the money is really needed very urgently.
Instant loans in cash are not only granted by banks but also by private individuals. Here it is even common that the money is paid in cash. Only in the rarest of cases will a relative or acquaintance granting a personal loan decide to transfer it non-cash to the current account of his borrower.
The repayment of a personal loan is not subject to as strict legal requirements as the repayment of a bank loan and can therefore be largely regulated individually. As a rule, the two contracting parties will also decide that the loan will be repaid in cash.
Loans without credit entry
Under certain conditions, German citizens can also receive an instant loan in cash from abroad. It is generally not necessary for the loan to be requested directly from the local banks. An application on the Internet is sufficient here completely. As a rule, the foreign banks have prepared special application forms that only have to be completed and then returned. Based on the information provided, the lender is usually able to make a decision about granting or rejecting the loan immediately.
If this is positive, the money will be paid either by postal order or by check. In this way, the creditworthiness of the customer is not affected, because neither the credit entry nor his house bank learn something about the instant loan in cash. The repayment can then be regulated very discreetly. Thus, the monthly repayment installments can also be transferred in cash.
In order to receive an instant loan in cash from abroad, applicants must be able to prove that they have a permanent and undeclared employment relationship.