It is then important to be able to estimate how long it will take for a loan to be paid out by the bank. When applying for a loan, you usually need urgent money. As quickly as possible. Online credit is becoming increasingly popular with consumers. From the first loan application to Bankate, the maximum payout period is two weeks, often shorter.
When does this happen?
It usually only takes a few days until the desired loan amount has been transferred to your bank account. Therefore, you usually do not have to wait for your fee when applying for credit via our credit comparison service, rather than when borrowing via the house bank itself. 2. If you need the loan amount very quickly, you as the borrower can decide when the desired amount will be transferred to your bank account:
Our credit calculator uses the “Payout within 48 hours” filter setting to consider only so-called “fast loans” – also known as instant loans – in the search for the appropriate loan, whereby between the receipt of your documents at the house bank and the payment of your desired amount only a short time passes. If you find a suitable financing offer with a quick payment via our credit calculator, you can simply request a personal financing offer from the bank you are looking for.
You also have the option of influencing the payout rate yourself: Only those who correct all the information will prevent the late processing of their loan application and thus contribute to the financial institution being able to make the required amount of money available as quickly as possible. The same applies to the submission of your credit documents – again, you should make sure that these are complete and submit all the documents required by the house bank from the beginning along with the loan application.
This will avoid inquiries from banks or our loan advisors who will stop the payment. But even for those who need your credit at a certain date, the application process associated with our Credit Calculator offers a favorable setting option: In the last step, you have the option to specify a specific payment date there.
This allows you to apply for credit up to three months in advance.
Does the payment of an online balance take a long time?
Online loans are becoming increasingly popular with consumers. Many providers offer potential customers online loans with immediate confirmation and quick payment of the loan amount. And how long does the payout take? The period from the preparation of the loan application to the payment of the amount depends on many different circumstances and varies from case to case.
However, it takes a little more time than many applicants initially appreciate. What takes so long? Although the application can be submitted around the clock, every day of the week and at any time on the Internet, it is processed at one of the banks during normal opening hours. For example, if the loan application arrives on a later Friday afternoon, processing will not start until the following month.
In addition, the potential lenders first check the creditworthiness and identification of the investor. The applicant enters the data that he enters into the input form on the website of the operator for information only. Obligations made on the basis of this information are not binding. For a binding obligation of the banks the data must be examined.
As a rule, it is necessary to send the required documents (proof of income, identity card, enrollment certificate, etc.) by letter to the lender. For the actual treatment of the investigation one can estimate another day. Often the applicant must be identified by the PostIdent procedure, which takes 2 to 3 days.
The applicant receives a form from the provider. This means that he has to register with a counter bureau at one of the post offices, present his identity card and present his personal details. Only then is the loan amount transferred to the specified bank account. The transfer takes another working day, in some cases two, if it takes place towards the end of the working day.
When submitting your application, make sure that you have all the necessary documents at your disposal. If the application is submitted at the end or beginning of each calendar month, it is advisable to wait until the current proof of income has been received. The time required for the mail can be shortened if the letter with the documents is not thrown into the mailbox, but given to the post office at the post office counter.
Especially in rural regions, it is often faster. Some loans can be registered on the Internet, but can also be processed in a local branch of the respective banks. This procedure is much shorter because there is no postal service. Bring with you the necessary documents and your identity card.