A loan with immediate disbursement is particularly suitable for borrowers who need the requested amount of money as quickly as possible also in liquid funds. With the immediate payment, not only the loan application itself is processed by the bank as quickly as possible, but also the payment via the express or flash procedure. As a result, borrowers receive the requested money more quickly than with a conventional installment loan, provided that all the necessary documents have been handed over in their completeness and truth.
An instant payment or a conventional payment
Whether the loan is an instant payment or a conventional payment has no influence on the modalities for repaying the loan. Unless otherwise stated, the loan is usually still repaid to the lender in the normal manner via equal installments over the specified term. A loan with immediate disbursement is often simply referred to as an “instant loan” in the credit system, the promise of which is usually also given “immediately”.
Nevertheless, an absolutely binding statement on the part of the bank can of course only be made after all the required documents have been submitted. Until then, the commitment to the loan is not legally effective, and of course, from the point of view of both parties, the loan will of course only come into force when both parties have actually signed the corresponding contract. Loans can be found with a few clicks of the mouse via an online loan calculator, and the conditions of the individual providers are compared directly with one another.
Dissolve liabilities quickly
There are various reasons for taking out a loan with an immediate payment, but haste is almost always the focus. This can result, for example, from the fact that the loan is intended to be an important, temporary investment that would not be possible without the loan. If the application is processed too slowly and the transfer takes too long, the opportunity to invest could have already passed, which is why data subjects almost always opt for an instant loan in this case.
But an important purchase can also bring the benefit of such a loan to the fore, namely when important household items have to be bought again or a special offer has just been advertised. The most important reason is probably the settlement of various liabilities of the person concerned and thus the prospective borrower at the same time. Because if an invoice with a fixed payment target was tendered, it must also be paid in full within this time frame.
Otherwise, the recipient of the invoice is threatened with high reminder costs and additional fees; an entry may also be made in the credit checker, which would further reduce the borrower’s creditworthiness. Therefore, all invoices should always be paid on time and in full, even if a loan has to be taken out. However, since the settlement does not take place overnight, the credit institution should also be granted a little lead time.