Consumers often want a quick loan disbursement and apply for instant loans, where the loan is paid out to the account in 1 hour or within forty-eight hours or two bank working days at the latest. A further acceleration of the loan disbursement presupposes that no Postident procedure is necessary, since this is connected with the usual postal terms.
The credit in an hour
In the case of offers for a credit in 1 hour on account, a distinction must be made whether the period relates to the duration of the loan approval or to the loan payment. A loan approval is easily possible immediately after the submission of the loan application, even if this is often made subject to the proviso that the documents to be submitted confirm the information provided in the loan application. However, the loan approval within an hour says nothing about how quickly the loan can be paid out.
When applying via the Internet, the easiest way to realize a loan to an account in 1 hour is if the customer applies for it at his house bank. This does not have to carry out a new identity check and can immediately make the desired money available in the current account of your contractual partner. If the lending is to take place via another online bank within an hour, existing customers do not need to carry out another identity check, but the transfer can only be made as a costly flash transfer within the next sixty minutes.
Loan approval or to the loan payment
The most important thing is that the customer has a credit in 1 hour if they can only conclude a purchase contract if the credit decision is positive. This applies regularly when applying for a loan in a car dealership. The bank makes the loan available within an hour by transferring the amount of money to the merchant’s account. With small loan amounts, there is also the possibility in bank branches to get a loan within an hour thanks to the cash payment of low sums, especially since the identity check is carried out by personally presenting the identity card.
However, the transfer of the loan amount to be borrowed is much more widespread than the cash payment. In this case, the credit processing means within an hour that the bank arranges the transfer of the loan amount immediately after the credit meeting and that the customer can dispose of it the following day.