A payday loan is an interest-bearing loan that is granted by a financial institution . According to the Consumer Credit Act, it is also defined as a small loan or consumer loan. The lending rate is set by the banks according to their personal budget and usually ranges from USD 1000 to 250,000 with a minimum term of 6 months .
As the name implies, the payday loan should only be used for private purposes .
Today one speaks basically of offline and online payday loans.
Customers in the country can still apply for a payday loan at a bank counter. Depending on your personal and professional situation, this is not an option due to opening times of financial institutions. The online payday loan can help here . This can be applied for from anywhere in just a few steps .
Payday loan right for me?
A payday loan is usually used to bridge temporary financial bottlenecks, such as unexpected bills . Commonly mentioned reasons include home renovations , the purchase of furniture or the financing of a car. Merging open credit cards can also be beneficial so that only a single monthly payment has to be paid. Insurance can also be included for payday loans and other types of loans. This can be beneficial in the event of sudden unemployment.
Do you have an open payday loan and want to increase or redeem it? An interest rate that is too high may be the reason for a redemption. A comparison is always worthwhile because a lot of money can be saved with an optimized loan agreement and possibly a cheaper interest rate. Our credit experts will be happy to advise you and make you a non-binding offer if interested.
Your online loan in 4 steps
Apply for a simple loan application online: The loan request can be made online at any time. Monthly rates and duration can be freely determined in our online loan calculator.
Immediate loans in 24 hours: Incoming credit inquiries are processed by our employees within 24 working hours. Thanks to over 30 years of experience as a certified credit intermediary, we can act quickly and offer optimized solutions.
Direct payment of the money: After the loan agreement has been concluded, the money is transferred to the customer account (bank or postal account). The payment is made after a statutory waiting period of 14 days. The customer does not incur any additional expenses for credit brokerage.
Individual cash utilization: You can freely use the loan amount after receipt, e.g. for the purchase of a car. Our team is available to answer your questions and concerns even after you have taken out your payday loan.
Your needs come first
You decide whether a payday loan is an option for you based on your plans. Our experts are at your disposal for any questions and information about payday loans in the country. The loan application is free of charge and non-binding and we can conveniently apply for the loan online.
Do you want to look at the personal budget in detail? We would be happy to recommend the financial tests tool to perform various calculations quickly and anonymously and to get an overview. In general, loans should not lead to over-indebtedness. If you prefer personal advice, our team is at your disposal!