The internet has become an asset to households, which is also noticeable in the financial sector, but unfortunately there are limits. Many already use the offers of the online banks for credit inquiries. In principle, this is also correct, but there may be situations in which the Internet cannot help. We are talking about an instant payday loan with immediate payment.
When the money is urgently needed
If you take out a loan online, you can save money on interest. Nevertheless, one should not forget that the banks need a few days for a transfer, because the formalities have to be completed first. This still happens by post, because legally the credit agreements have to be signed by both sides. This means they have to be sent, signed and returned to the bank. Only then can a transfer be made to the borrower’s checking account. This can not be done overnight.
The advantage of branch banks
In urgent cases, only branch banks are considered. Even if they are usually more expensive, there are advantages. If the conversation with the advisor turns out to be positive, the borrower can dispose of the money immediately. The only prerequisites are that all papers, such as payroll, employment contract, ID card, have been taken to the bank for discussion. If everything is fine with the credit bureau, there are usually no problems with an instant payday loan with immediate payment.
In such cases, the strengths lie with the branch banks, because the personal conversation eliminates the waiting times associated with sending the documents by post. For this, the customer has to accept that the instant payday loan with immediate payment becomes more expensive. But most of them agree. There is another option, however, which depends on the amount of the loan you want.
If the loan amount is only a small amount that is covered by the overdraft facility on the checking account, this can also be used. This does not even require a personal conversation with the bank advisor. A disposition can be used in full by the account holder without prior consultation. However, banks can pay for this well and should therefore be chosen wisely. Interest rates are in the double-digit range.