Loans often have to be quick, because the circumstances of everyday life sometimes mean that larger or smaller amounts need to be financed quickly. Now it is a matter of finding a loan that can be paid out as quickly as possible. Not an easy task, because in most cases it is not possible to apply for a loan in one day and get it paid out straight away. However, if you have prepared for such cases, there are solutions that still work.
Flexible credit solution overdraft facility
Getting a loan in one day is usually not possible with a normal installment loan. Loans that are applied for on the Internet usually have to be processed by post, which takes several days. However, if you have prepared the worst-case scenario, you can use up to two alternatives. The better known of these is the overdraft facility. This can also be agreed with the bank if it is not yet needed.
It enables account management in the debit up to a certain amount, the so-called credit line. The amount of this amount or credit line depends on the regular income of the account holder. This amount is usually two to three times the monthly income. The overdraft facility can be repaid as flexibly as it was used. However, attention should be paid to the interest rates, as these are well above the 10% mark.
Credit in one day on demand credit
Call credit is a similar alternative. This works very similarly, but can be used regardless of where your current account is located. In contrast to the overdraft facility, regular repayments of low installments of around 2 percent are expected. It is at the customer’s discretion whether the agreed credit line is used in whole or in part. However, the money is – given a previous application – in a very short time with the customer. In this way, a loan can be made in one day with just one call.