This type of loan is a loan that is paid out very quickly. This is also referred to as an express or instant loan with immediate payment. This means that the loan is transferred to the borrower’s account immediately after the positive credit decision. Need a financial boost as soon as possible? With an express loan, you can balance your financial shortage within a very short time.
Small loans directly
Numerous banks grant loans only from about 3,000 $, which is actually no longer to be described as small loans. Often a small loan is also granted on the net without proof of income. The range of lenders is very large, ranging from personal loans and bank loans to private broker-brokered bonds.
Target interest rate of 4.83% – 15.49% (depending on credit rating) over the entire term, annual percentage: 4.90% to max. 15.99%, net loan amount: $ 1,000 – 100,000, contract period: 12 – 120 months. Representative example: Target interest rate 7.98% fix for the entire term, effective interest rate: 8.29%, net loan amount: $ 10,000, contract period: 72 months, monthly installment: $ 175.29, total interest expense: $ 2620.68, total -Payment (including all fees): $ 12,620.68.
Small loan for the unemployed is possible
Some people wonder if a small loan for the unemployed is possible.
The immediate payment is always given when the loan is transferred or paid out in cash immediately after approval. Not every instant payment loan provided on the web is serious. The one who found a loan that is advantageous and immediately paid, can give up the loan at any time on the net.
Like any other loan, a small loan with immediate payment must be reimbursed in monthly installments. Exceptions: The immediate loan micro-loan, where the loan amount is generally paid in full after a few days (eg at the end of the month, when the salary is received, after 15, 30 or 60 days). Their amount has a significant impact on the loan amount, which must be repaid in total.
Immediate withdrawal credit means that the balance is available within a few moments. Unless otherwise stated, a small loan or small loan with immediate payment is available for free use. In many cases, both a secure, fixed salary and a good earning potential of the company are needed. These requirements can be more or less clearly distracted by a microcredit.
Some lenders insist on a fixed rate loan without their own funding, other lenders provide proof of income and require other hedges. However, every potential borrower should be aware that even small loans without a minimum of security are not possible.