What is a lightning credit?

Since there is no official form of credit, lightning credit, there are a lot of contradicting statements about lightning loans, especially on the Internet. This is how loans are called lightning loans, although you do not deserve this name.

What is a real lightning credit?

What is a real lightning credit?

In the best case, the money should be available within 24 hours with a lightning credit. Further details such as duration and amount may vary, since the main focus is on the quick availability of the money. Other synonyms that are used for a lightning credit are the express credit, express credit or instant credit.

Which form of credit can be called a lightning loan?

The criteria are now clear. Very quick processing and payment are required. The term and the amount of the loan are irrelevant at first. The following types of credit are therefore possible:

Credit type Disbursement Services Others
Mini credit Payment possible in 24 hours Loan amount up to $ 600 possible. Maximum duration 7 – 60 days. Very unbureaucratic in the application. Additional options such as Sofortüberweisung are very expensive.
Mortgage Payment directly in cash. Requirement pawnshop nearby You need a valuable item that is deposited as a pledge. Loan amount depends on the object. Currently the most expensive form of credit on the market Recommended only in absolutely urgent cases when there is no other option. Credit-independent.
Overdraft facility The amount of money is available directly from the checking account Credit line is based on income. High eff. Annual interest You only get it with sufficient creditworthiness and a regular income.
Short-term loan Payment possible in 24 hours Loan amount up to 3,000 USD possible. Running time 7 – 180 days. Very unbureaucratic in the application. Additional options such as express payment are very expensive.

 

What about a normal online loan?

What about a normal online loan?

Often one reads on the Internet of loan offers that promise a very quick payment. If you take a closer look, you will very often notice that these are normal installment loans. The application process for an online loan alone can take a long time. In any case, a post-identification procedure must be carried out. For sending the documents and the subsequent processing of the bank alone, you have to plan at least 2-3 working days. It can take 2 weeks before the final payment is made. It’s a very long time compared to a mini loan that can be paid out within 24 hours.

The interest on a lightning loan

When you want to take out a loan, interest often plays a big role. For large loan amounts, particular attention is paid to which provider offers a low interest rate. In the area of ​​lightning loans, the interest rate is secondary for many borrowers, because the focus is on a fast payment. Nevertheless, especially in the area of ​​fast loans, you should pay attention to how high the annual percentage rate is.

Mini loan providers or pawnbrokers can pay for your service very well. Percentage interest is usually much higher with these forms of loan than with an installment loan. So compare exactly how much the additional costs for a lightning loan are. In most cases, e.g. for loans with a longer term of $ 1,000 or more, it pays to wait longer for the payout and pay less interest.

Conclusion

In summary, it can be said that forms of credit such as mini loans, mortgage loans and overdrafts can be described as lightning loans. All these forms of credit have in common that you can dispose of the loan amount within 24 hours. A clear disadvantage here is the high interest that has to be paid on all three forms of credit. Normal installment loans, which can be taken out through well-known comparison portals, definitely do not count as lightning loans.

Finally, it remains to be said that you should be clear about the advantages and disadvantages of a lightning loan. Rather ask yourself several times whether a quick payout is really the most important. In most cases, a lot of money can be saved here.

Mini Loans Instantly – Calculate Credit: Credit Comparison & Loans Without private credit checker

In Germany, the term mini loan is used synonymously with short-term loans. Instant Loan Mini Loan: Definition & Requirements. Mini-credit online immediately plowed to massa laughed free laughed yes Italy December. only a loan if you are able to pay immediately after approval of the fees. Faulty secret, purgatory support the original idea music mini-credit online immediately xxl.

Mini credit with immediate payment

Mini credit with immediate payment

A mini loan is a loan with a particularly small loan amount and a corresponding short term. For example, you can choose loan amounts between 1000 and 5000. In the case of mini loans, the term of the loan can vary (in particular each). However, it is advisable to use the shortest possible deadline to keep interest rates low. In this case, it is advisable to keep interest rates as low as possible.

Because the loan amount for a mini loan is usually not that large, the monthly installments are not too high – not even with a short time. Small loans can be taken out by both private individuals and companies. What is a mini loan suitable for? Mini-credits are often used for short-term purchases. Whether it is a surprisingly high electricity bill, a car repair shop, a fresh cell phone, a PC, a food processor or a flight ticket.

Small loans are therefore particularly suitable if funds are needed directly.

Small loans: Apply for small loans up to an amount of 1,500 immediately on the Internet.

The greatest advantage of such a small instant loan with immediate approval and immediate payment: You get your assets quickly and easily – sometimes without private credit checker information: It is not always the large amounts that we need in between in order to temporarily balance an account, spontaneous To comply with requests or to file annoying bills in between.

Created suitable offers for their customers

Created suitable offers for their customers

And we don’t always want to commit to a loan for several weeks or even years – why! Many banks have long recognized this and have created suitable offers for their customers. Be it mini loans, small loans, micro loans, short-term loans – no matter what the marketing strategists of credit institutions and financial service providers understand by such financing, they always have a uniform goal: financial bottlenecks in everyday life with a small online loan quickly and easily overcome.

For small loan amounts from 100 to 3000 USD and a short-term duration of a few days up to 6 or 12 months – and sometimes without the annoying private credit checker exam – there is a classic mini loan. There are very different models for small loans: Either you repay your mini-loan in part in the traditional way or you simply pay the interest on the time taken up, including the loan amount at the end.

Who gets a mini loan? If you have reached the age of 18, are resident in Germany and have a regular net income, you can usually get a mini loan without any problems. Credit institutions usually grant a small loan with little information about your financial situation as a borrower. This usually includes proof of income in the past three months.

Depending on the bank, transcripts of bank statements from the past four calendar weeks may also be required as additional evidence. In many banks – especially direct banks – you as a consumer can also electronically pass on your account information to the financial institution. But even for a small loan, credit institutions often receive information from a credit bureau to check your creditworthiness as an applicant.

Credit line or overnight money

Credit line or overnight money

Small loans or mini loans in the traditional sense – for example as a credit line or overnight money – are often granted in Germany without a credit check. If you are in arrears with a small instant loan with immediate payment, it does not necessarily affect your own creditworthiness. Even a positive private credit checker entry does not have to be a reason for rejecting a short-term micro loan.

Due to the generally short-term and small credit volume, the credit rating standards for such small loans are not as strict as for the classic consumer credit of UBP. Even if small loans are usually only small amounts, you should pay them on time, including interest, on the due date or regularly repay the agreed monthly installment.

If you do not repay your micro-credit on a permanent basis, you will have to face increased collection costs. Attention: In spite of regular breaks in payment at the beginning of the term, a temporary microcredit is not readily granted in practice. As a borrower, you have the option of taking out residual debt insurance to protect yourself against possible late payments.