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So you get an instant loan in cash

So you get an instant loan in cash

An instant cash loan can be taken out either from a local or foreign bank or from a private individual. Different award criteria apply in each case. The loan terms and interest rates also differ significantly from one another in some cases. For this reason, it is always advisable to carry out a comparison in cash before deciding on an instant loan. Only then should the loan application be made.

Bank loans

Bank loans

Not all banks issue an instant loan in cash. If they do so, the approval is usually granted under the same conditions that apply to another installment loan. In concrete terms, this means that, above all, regular income and positive credit information must be provided. If this is not the case, an immediate loan cannot be paid out in cash. However, if the creditworthiness was found to be sufficient, the customer can have his money within a few hours.

A purpose of use does not have to be specified. It is completely irrelevant for the bank whether the instant cash loan is used for a larger purchase, for overdraft settlement or for paying an open invoice.

Foreign bank loans

Foreign bank loans

If you meet the relevant requirements, you could also apply for an immediate cash loan from a foreign bank. Banks in particular often grant loans to citizens. To do this, they must be at least 18 years old and have a regular monthly income.

Since foreign banks generally refrain from obtaining credit information when applying for a loan, they place greater emphasis on income. The customer in question only has a realistic chance of receiving an instant cash loan if it can be proven to be from an employee’s job.

Otherwise, the loan application will unfortunately have to be rejected. For this reason, unemployed as well as self-employed or freelancers cannot get a loan from abroad. However, if the customer can meet all the conditions of the foreign banks, the loan is usually approved very quickly. The payment is then made by postal order. To this end, the credit customer receives a corresponding notification from his postman and has to go to the nearest post office, where he then receives his money directly in cash.

Personal loans

Personal loans

In the case of personal loans, the cash payment of the entire loan amount is the rule. Such loans can be taken out among friends and acquaintances as well as with strangers. The great advantage here is that the contractual terms can be regulated individually between the two parties and that they are not bound to the clear requirements that are the case with domestic or foreign bank loans.

Even with a personal loan, however, the principle applies that the lender will only lend his money to a person who has his or her full trust.

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