So that open invoices or an overdrafted checking account do not cause too high costs, they should be cleared quite quickly. Consumers who choose to settle the outstanding arrears for a small loan therefore usually want to get liquid funds very quickly. A loan that is paid out in two days is usually not a problem.
First, the right loan provider must be found
If you need money quickly, you must first find a bank that offers a quick or express loan. Due to the detailed checks carried out by the borrower, many banks and credit institutions are usually unable to provide a loan in two days. However, some direct banks on the Internet have specialized in these loans. The loan approval from these banks is usually made after a few hours after a credit and Credit Bureau check.
A loan application is available for download and is printed out at home. As with all loan contracts, the best open-ended employment relationship must be proven through current pay slips. The ID must also be submitted as a clearly legible copy for identity verification.
Payment can be made within two days
In order to enable a quick processing of the loan request, it is important that the loan application is filled in truthfully and that it matches the information from the loan request. The documents required by the credit institution should be submitted in full. Since borrowing on the Internet is relatively anonymous, the identity check is carried out at the post office counter.
With the so-called post-ident procedure, the employee at the counter confirms that the bearer of the documents is the borrower. In Germany, letters are normally delivered within 24 hours. As a result, the bank receives the documents for the exact check the next day. The approved loan is transferred to the specified checking account with a wire transfer. If there is no holiday or weekend between the application and payment, a loan in two days is no problem.
The borrower’s credit rating is crucial
Banks are happy to lend to solvent customers. With a loan that should be paid out in two days, it is therefore very important that the borrower can demonstrate a good credit rating. A good credit rating reduces the risk of the bank and the bank customer receives better conditions. Likewise, the Credit Bureau information should not contain any negative entries. For a loan that is to be paid out quickly, borrowers have to factor in the additional costs.
There are costs for the preferred processing of the credit documents and the quick provision of the loan amount. These costs are either calculated immediately from the loan amount provided or are included in the monthly loan installments.