Instant credit Austria: Fast loans for all?
Everyone needs a financial grant from time to time. Sometimes the car breaks down, sometimes you urgently need a new smartphone.
If there is not enough money in the account, more and more private individuals are taking out an instant loan. This is a loan with a smaller sum of money that you can get relatively quickly and then pay off gradually.
But is an instant loan even worth it? All information on the situation in Austria can be found here.
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What is an instant loan?
An instant loan is a classic installment loan: you take out a loan and then pay it off in installments.
However, the crucial difference from normal loans is the speed with which you can take out such a loan.
As a rule, you will receive confirmation of receipt of the loan after just one day (i.e. 24 hours). A few days later, the money is already in your account and you can use it.
What sum can I borrow?
If you would like to take out an instant loan, you should know that the amounts involved are smaller.
So you don't take out an instant loan because you want to build a house, for example.
Rather, instant loans are suitable for investments between €1,000 and €50,000.
Of course, there are exceptions here too: For example, the provider Cashper loans of between €100 and €1,500. These are known as microloans. These are taken out extremely quickly - and are usually paid off quickly.
More info at cashper:
Apply for a loan with CashperDepending on the desired amount, you can therefore choose either a microcredit or instant loan provider.
How do I apply for a Instant loan in Austria?
Applying for an instant loan in Austria is usually done online and is relatively straightforward.
Once you have decided on a bank/provider, the process begins:
- Fill in the form
In the form, basic information about oneself and the desired loan is disclosed. - Wait for answer
As a rule, applications for an instant loan are answered very quickly. After 24 hours at the latest, you will know whether the loan application has been accepted. - Money in the account
Once the provider has approved the application, the money lands in your bank account within a few days (usually 2 business days). Now you can use the money!
Depending on the loan you choose, monthly installments will then be due. Before applying, you should make sure that you choose a sum that will not overburden you financially later on. Otherwise you may run into difficulties - and the reminder fees for instant loans can be very high.
On what Should I apply for an instant loan Austria eighth?
There are some points to consider before signing an instant loan contract.
- Interest: How much do you have to pay back? Dubious providers often hide this information - as a borrower you then have a nasty surprise.
- Reminder fees: What happens if I am unable to pay? Will I be charged horrendous fees?
- Speed: Is the provider really an instant loan service? Anyone who promises instant credit should also transfer the money quickly.
- Seriousness: Is it a verified and secure provider? It is best to use a domestic or European service.
Our recommendation for an instant loan Austria:
