How fast is this loan really?
Anyone looking for a lightning loan urgently needs the money. Contrary to the assumption that this credit is credited to the account on the same day that the application was made, unfortunately, this is wrong. In reality, a lightning credit means that after checking all the documents sent in, the loan amount is transferred immediately. In this case, it will be in the borrower’s account after a few hours. However, the information provided by the customer is checked beforehand.
No bank grants a loan without collateral. A steady job and a positive credit rating are the benchmarks for a loan approval. If you now apply for the fast credit online, a commitment is made based on the information provided, but it is not legally binding. The bank wants to see documents. This includes the latest proof of income, the latest account statements and, under certain circumstances, the credit institution may also want to see a copy of the employment contract.
If the borrower sends all documents to the bank immediately, they will be at the bank after two days at the latest. The bank now checks immediately whether a loan is actually eligible for the applicant. Only then will the credit amount be transferred by means of a wire transfer.
How do you find the right bank?
Not every bank grants this loan. In order to find the right financial institution, the user should use the credit comparison calculator. They deliver the right results under the appropriate search term. The loan amount is paid out particularly quickly if the post-identification procedure ceases and the bank offers the video-identification procedure instead. This enables the borrower to legitimize himself directly on his PC. All you need is a camera. However, not many banks offer this type of legitimation.
If the loan is to be used to buy consumer goods, the quickest way is to conclude an installment payment contract with the company. Most retailers, even online retailers, offer installment payments. A credit agreement is concluded with the dealer bank directly on site. In most cases, only the EC card is required. The seller forwards the documents directly to the bank. A decision is made immediately. If the answer is positive, the customer can take the goods home and pay the monthly installments to the dealer bank.
If the credit bureau doesn’t work
The process takes only a few minutes. However, there can be difficulties if the customer’s creditworthiness check by the bank is negative. The dealer banks always checked the credit bureau before a loan approval, and if there are negative entries, the hire purchase is rejected.