Borrowing when you are without work can be very difficult. But borrowing money quickly and effortlessly is still possible in most situations!

Sitting tight is no fun. Especially with these financially difficult times, many people come without a job and it is sometimes difficult to make ends meet. Most loan providers check your income and whether or not you have incurred arrears in the years before. This is registered with the National Bank, namely the Central for Loans to Private Individuals. If you have had payment arrears you will be labeled as un-creditable and it is not possible to borrow money via this route. Fortunately, there are often alternative ways to borrow money when necessary.

Direct lender loans: Even people with bad credit have options

The most suitable alternative method to get payday loan for bad credit when you can not borrow from regular lenders such as banks is by borrowing through online loan providers. PaydayChampion is a lender. The popularity of online loans has risen considerably in recent years, which is mainly due to the fact that these loans are not only accessible but also easy to shut down from behind the computer. Chances are that you too are eligible for these loans because you can already take out a loan if you are older than 21 and have a fixed amount of income. What these revenues must consist of is not generally defined and differs per provider. Always make sure that you are well informed about the conditions and that you know for sure what to expect when you take out the loan.

How many euros can borrow money quickly and effortlessly?

The limitation of the online loan is that it is only possible to take out loans of small amounts. In addition, these loans often have a short term. This makes these loans suitable when a small amount is needed quickly, but not a real solution to long-term money problems. In general, it is possible to borrow an amount up to about 1000 euros with most providers, and you can decide for yourself what amount you want to borrow. For example, you can borrow 200 euros for buying an iPod, 500 euros to pay the bills or 800 euros for a holiday. You do not need to communicate the reason for borrowing with the lender. In some cases, you can consider taking out multiple loans and combining the money, so that you are still able to borrow a slightly larger amount. However, this is usually not recommended, because you could get in trouble with the installment. So take a good look at this in advance.

Borrow money quickly and effortlessly

The big advantage of the online loans is of course that you no longer have to leave the house to take out a loan. You can just arrange this by choosing an interesting loan provider online, reading the conditions carefully and going through the online application process. In many cases, you will receive immediate confirmation of the application and you can receive money on your account the same day or on other dates. As a result, the entire process to apply for the loan often takes no more than 5 minutes. The online loans are the loans that are easiest to arrange. Always pay attention to the conditions to avoid disappointments and determine what is safe for you to borrow in every situation.

Mini loan for apprentices and students?

If you have a low income, it is not always easy to get a loan. Especially with installment loans with longer terms and larger loan amounts, it can be particularly difficult for trainees and students. An alternative to this is the mini loan. It is also granted by many banks to low-monthly borrowers. However, this requires a comparatively low maximum loan amount. This does not exceed 1,000 euros for most banks. Such a mini loan is granted only for a short term. The repayment is usually made in a timeframe of 60 days. For some banks, borrowers can also take up to three months to repay. How the terms vary for each company, the overview shows in a mini loan calculator.

Students and the mini loan

If students want to take out loans, access to them is often made more difficult. The reason is missing or too low monthly income. In this regard, it is difficult for many banks to grant student installment credit. Small loans can be a good alternative to installment loans. They are also granted with relatively low collateral and without much effort. However, the students have to make do with a lower maximum loan amount. The running time is also greatly reduced. If you want to borrow money from the bank with a mini-loan, you usually have to pay back within 60 days. Experience has shown that the sums of the mini-loans can also be financed with a BAföG or, for example, a student job. Since most of the sums granted do not exceed 1,000 for mini loans, the financial outlay is manageable. With the help of a mini credit calculator, the individual providers can be compared with their interest and any applicable fees. This ensures that every student receives the best credit for him. How does the mini loan calculator work? This is easily available online and is available free of charge. To select the offers, only the maximum loan amount and the term must be entered and then the display of all providers.

Apprentices also have a chance of a mini loan

Trainees often have a poor state of affairs with both banks and students. Because of their low income, they rarely receive any loan offers. Depending on their apprenticeship salary they get neither a Dispo nor an installment loan. However, the banks are also interested in acquiring trainees as potential future clients. For this reason, they offer them, for example, the mini loan as a financing option. Since the loan amount is manageable, it can also be served by trainees with a comparatively low salary. In the first year of apprenticeship, most trainees have revenues starting at € 250. In each additional year of apprenticeship, these increase. With these growing revenues, the chances of a mini loan also increase. Those who save a bit on their trainee salary and possibly have support from their parents can also repay their mini-credit. In this case, banks might not pay out the maximum amount of mini-credit, but only a lower amount. The repayment of the mini-credit also takes place with the trainees in the previously defined period. Mini loan is for a period of two to weeks, for some banks even up to three months. A comparison of the individual mini loans is easily possible by computer. The mini credit calculator can be used online without login or registration.

Cashper mini loan comparison

Requirements for the mini loan

The requirements for obtaining a mini-credit vary from bank to bank. Some banks want collateral from the applicants, others refuse. Even when querying the Private credit there is no uniform regulation. Most credit institutions make a Private credit query before the loan decision, others refrain from it.

If the query is negative for the protection community and the applicant does not have sufficient credit, the mini loan can also be rejected. About the mini loan calculator can be displayed for free all banks that give their loans without Private credit query. Anyone who does not have sufficient creditworthiness as a trainee or student can increase the chances of obtaining a loan through a co-applicant. This can be, for example, the parents or the life partner.

Before the mini-loan is granted, the credit institutions also check whether the student or trainee can afford the repayment of the loan. For example, if the apprentice’s salary or the BAföG is too low to repay the loan within the short period of time, it will also not be granted. In this case, however, many banks offer applicants lower payouts

Mini loan during the probationary period?

If the mini loan is applied for during the probationary period of an employment relationship, it can also be rejected. Some banks insist that the apprentices have already completed the probationary period or that they have been terminated by contract in advance. The reason is simple: during the probationary period, employers can terminate apprentices without much effort. If the dismissal comes into force, the apprentices have no income and could possibly no longer service their credit. For some banks, however, this is irrelevant. With their mini-loan offer, it does not matter if the trainee is in the probationary period. Whether the selected bank grants a mini credit within the probationary period, must be requested individually. However, interested parties can get directly to the websites of the banks via the result from the mini loan calculator.

Collateral for a mini loan

Even when using a mini loan, many banks demand collateral. These can be different in nature. For example, if you have an impeccable account management (without return debit notes or bankruptcy transfers) at your house bank, it will be easier to get a mini loan than, for example, a new customer. The collateral also includes a balance on the savings account, a savings account or other deposits. The parents or the partner can also be used as security. For example, those who join the boat as co-applicants can also increase their chances of being granted a mini-credit. What collateral is required at the respective bank, show the offers from the mini loan calculator.

Mini loan calculator – how do I find the best providers?

The mini credit calculator is provided free of charge and always offers the best offers from banks. He stands by on the online platform and works on the basis of the latest lender conditions. The handling is also very easy. Enter only the desired loan amount and term. More is not necessary for the mini credit calculator. As a result, the calculator shows all eligible banks. Here, not only the various interest rates, but also the terms and any applicable fees are taken into account. The information is available in detail, making it easy to compare online. Anyone who has opted for a mini-loan offer can also apply directly online. All you need to do is click on the respective bank and the forwarding is automatically carried out. In the further steps all necessary information for the credit application must be executed. This does not only include personal data, but also the current financial situation of some providers. This is followed by verification. This too is now comfortably possible online at most banks. The Video Ident method is available for this purpose.

Using a webcam call, applicants are connected to a customer service representative who uses a passport or ID card to verify the claimant. The application of a mini loan hardly works easier.

Apprentices can not pay back mini-credit – what now?

Even with apprentices and students, it may happen that they can not repay the mini loan within the specified term. What happens in such a case? The trainees are best advised to seek immediate discussion with the lender. At best, before the deadline, they should point out that they are unable to settle the loan on the agreed date. Often, complications can be avoided and solutions can be found. After consultation and examination, the banks are usually willing to offer an extension of the term. After all, it is also in their interest to receive back the loan amount granted in any case.

If there are serious complications and problems with the repayment of the loan and this is perhaps even terminated by the bank, this has consequences for the trainees and students. The bank is required to pass on this information to the Private credit. If the loan is settled, this is also stored in the Private credit. However, trainees and students may experience problems with new requests for loans because of the negative entries.

Bon-credit homepage

Negative Private credit entry – still credit?

Anyone who has opted for an offer from the comparison using mini-credit calculator, can apply for the credit simply by clicking. In this context, a query from Private credit is made at most banks. If the result is negative and the creditworthiness of trainees and students is insufficient, the loan is denied. Some banks refrain from granting the mini-loan, however, to the query at Private credit. For trainees and students with a negative enrollment this has the advantage that they still have opportunities for a loan. Which bank asks the Private credit, can also be found in the results of the mini loan calculator. Anyone who knows in advance that his Private credit is negative, can try his luck with the mini loan application directly to the banks without Private credit query. However, a co-applicant can also have a positive effect on the application. If, for example, a parent or a father is a borrower with the contract, the chances of a positive credit decision increase, even if the Private credit is negative.

The search for a suitable loan can now be a major project. Thanks to the Internet, there are now a dozen providers available.

This is where banks with their own branch network, individual branches of large banks and many online providers are in favor of the customer.

All facts about the guide “Online loans or branch” at a glance:

  • Comparison portals for online credit have already made a pre-selection.
  • Borrowers can quickly and easily compare the online providers directly using the loan calculator.
  • Branches offer better customer service, are flexible and seek an alternative solution in an emergency, possibly even as a combination loan.
  • The cost of branch loans is more difficult to compare.
  • The personality and the personal situation of the borrower decide on the online or branch credit

1. The benefits of online credit

 

Online providers are able to give more favorable terms. This is clearly related to the fact that they have to include less fixed costs in their calculations. The lack of branches saves personnel costs, electricity costs and sensitive IT systems, which also require special maintenance and control.

Of course, an online loan provider must protect the data of its customers. However, here it is easier to protect them at a central server than to install a separate security server for each branch. In addition, certain data must be transferred between branches and the main office, but on the other hand must not be allowed to go outside. The protection of sensitive data causes enormous costs, which are usually passed on to customers.

Online vendors have discovered this potential for savings, and some are passing it on to their customers. With online credit providers are of course not the dubious criminals meant that go beyond the spam folder in the email box. These mails are to be deleted immediately and booked under the category “fraud”. By online credit providers is meant authorized credit institutions that work with products similar to those with direct customer contact.

Online providers take advantage of the Internet to be able to address a much larger clientele. They are not limited to regional contacts and have a strong customer service. Customer chat offers and advice on the phone.

To find the cheapest loan offers a preselection by comparison portals. Here it must be noted, however, that the selection criteria of the comparison portals do not necessarily match the own search criteria. Everyone sets different standards in the evaluation that are important to them. Therefore, the best online credit providers should be re-examined from their own point of view.

Above all, a new price comparison should be made by examining the existing situation in each of the credit calculators. The condition is that one’s own situation must be clearly formulated. This means that it must be clear how high the loan amount should be and how long the term can be. In order to do that you have to make yourself aware of your situation in advance and not make any utopian claims on yourself.

You also have to be aware that lenders are also checking against you. Online providers as well as banks with branch network. Although currently advertising online providers with their fast order processing and that they also serve customers with negative Schufa entries, but a too high risk, even online credit providers do not enter. Therefore, it is quite possible that the loan application will be rejected without giving reasons.

If the facts are clear, well-structured and manageable, online loans offer significantly better conditions due to the possibility of comparison. Online providers are under constant competitive pressure under a particular competitive pressure. Due to the lack of personal commitment, customers have fewer loyalties and, in the case of lower interest rates, simply switch providers.

Particularly in the area of ​​online credit providers, the competitive pressure has a positive effect on the customer. The lenders are forced to bow to the prices of the competition, since there is no close customer loyalty. Comparative portals also increase this pressure and offer the borrower a preselection of the best loan terms.

2. The advantages of a branch

2. The advantages of a branch

For many borrowers, however, it is still important to seek personal contact and to take out a loan with local banks. This can have different reasons. For some it will certainly be the fear of the internet. Those who do not deal with it day in, day out. They do not trust the medium because they are unfamiliar with it, and the spying reports of the past have increased distrust.

Uploading data about your own creditworthiness in a form is very special and then entrusting your own income to a computer is out of the question for many Germans. You do not even tell that to your closest friends, let alone a stranger. So it’s not surprising that despite the greater comparability of online credit providers, many borrowers still go to their house bank. They already know the income anyway!

Of course, there will also be people who have been doing good business with their house bank for years and can therefore bet on better terms. In addition, they also appreciate the service. Thus, the annual consultation at the house bank always brings a few new information to light days, which can help one in everyday life.

Another advantage is that it is better to communicate face to face with a person in unclear situations that require creativity, dedication, and a degree of flexibility. Problems are often solved without words, as the other person can read the inner attitude based on facial expressions and posture. This happens unconsciously in the vast majority of cases, but rather leads to more success in difficult circumstances than a conversation on the phone. There are reasons why most verbal riots take place over the phone. It is difficult to read and interpret between the lines here.

3. Case studies

3. Case studies

The situation determines whether an online loan or a credit at the house bank for a rational decision maker are the better alternative. By way of example, two cases are described below, which are intended to provide insight.

When is an online loan the better alternative?

The requirements : The borrower is creditworthy, over 18 years old, has his permanent residence in Germany, a regular income and no negative Schufa entries.
The situation : A loan of 20,000 euros is needed. The borrower can accept a monthly rate of 200-300 euros.

The cheapest credit providers can be selected on the comparison portals. Now, however, should still own research done. For this, the homepages of the providers must first be examined. Everyone values ​​other things. It follows the input of the data in the loan calculator of the banks.

Here is an example of the CreditPlus bank:

The credit calculator of CreditPlus

Here would be a term of 84 months, so seven years in question. These conditions can now be compared with several credit providers.

This is followed by the loan request from the best credit providers. There should always be several inquiries, as it can well be that on the one hand the conditions change due to the situation or a loan is rejected. The information provided in the credit inquiry must be true.

When registering always stay with the truth!

When is a branch loan the better alternative?

The requirements : The borrower is creditworthy, over 18 years old, has his permanent residence in Germany, is self-employed and has no negative Schufa entries.

The situation : A loan of 20,000 euros is needed. The borrower is expected to pay between 200 and 300 euros a month.

Here is the situation that a self-employed borrower can usually not say with certainty whether he can really serve for a period of seven years, a installment of this amount. There would be more flexible credit terms. In addition, it must talk about any collateral or guarantor. Especially here it is also important to be able to get a picture of the other person.

The lender will look at in addition to the rational circumstances and the seriousness of the borrower. It may also be possible to combine with private lenders so that the risk is shared. But for a lively exchange of information between the parties involved is necessary, which is difficult to reach via a call center or a live chat.

4. The conclusion: the circumstances determine the choice

As the examples above show, here is no general recommendation regarding online credit or branch. Both forms have their advantages and disadvantages. Online credit providers are not allowed to be prejudged here. They are also concerned about the satisfaction of their customers, but on a different level.

Online loans have the distinct advantage of making them more comparable. The loan calculators offered provide a quick overview of the costs to be compared. There is no direct contact to the customer advisor here.

In the case of branch loans, comparisons are difficult, which requires trust in his bank adviser. Nevertheless, it is also possible here to bring in several offers, it is just connected with more effort. The better customer service costs but also correspondingly more interest in direct comparison to online credit providers.

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Amphibank was founded back in 1949 under the name “Volkswagen Finanzierungsgesellschaft mbH”. The companies are a subsidiary of Volkswagen Financial Services AG. Products such as accounts, credit cards, investments, a separate Amphibank loan calculator and savings products and securities accounts are offered. The orientation of the offer is also in the present time primarily the financing of the own automobiles. In our subsequent test, we want to look at the loan offer of Amphibank and show you whether the offer was convincing.

1. Amphibank experiences: pros and cons at a glance

  • Low loan amounts from 1,000 euros possible
  • Special payments possible with Comfort Credit
  • Credit also available to the self-employed and freelancers
  • High lending rate for personal loans from 5.35 percent pa
  • High interest rates for the Comfort Credit of 7.21 percent pa

As we looked at the loan offer as part of our Amphibank loan experience, it became apparent that there are some aspects where the bank can not compete with the competition. Thus, the lending rates are remarkably high even with excellent credit rating and even the framework credit is not among the cheapest offers. The advantage is the fact that loan amounts are already possible from 1,000 euros and even self-employed have the opportunity to apply for a loan from the bank.

2. The most important conditions at a glance

  • Loan offer : Comfort Credit (Frame Loan) and Direct Loan
  • Lending rates : Installment credit effective from 5.35 per cent per annum. Framework credit: 7.21 percent pa
  • Duration : Installment credit: 12 months to 120 months, Framework credit: Unlimited
  • Minimum amounts : installment loan: 1,000 euros, framework credit: 2,500 euros
  • Maximum amounts : installment loan: 50,000 euros, framework credit: 25,000 euros
  • Availability of the support : Monday to Friday from 8.00 to 20.00 o’clock and Saturday from 9.00 to 15.00 o’clock
  • Website : Professional and clearly structured. Clear presentation of the products. Intuitive navigation.
  • Security : encrypted data transmission. No transfer of customer data to third parties.
  • Insurance : Credit protection letter

3. Representative credit example at Amphibank

For all those who want to know what costs they can incur as a borrower at Amphibank, we would like to quote a representative example of credit here, which can also be found in this form on the website via the Amphibank loan calculator. This example is based on a loan amount of 5,000 euros, a term of 72 months and an interest rate of 5.35 percent pa This would result in a monthly rate of 81.04 euros and this would be a total of 5,834 at the end of the term, 88 euros result.
Since the actual loan interest depends on factors such as maturity and creditworthiness of the borrower, this example of the Amphibank loan calculator is for guidance only and does not constitute a binding statement.

4. The detailed Amphibank Test: Our experience with the Amphibank loan calculator

The website of Volkswagen Bank

Credit offer: two personal loans to choose from

When we looked at the loan offer for our Amphibank loan experience, we were able to find out that, apart from the car loans, there are two different personal loans to choose from. One variant, Direct Credit, is a classic installment loan from Comfort Credit. This is a kind of replacement for the credit line of the current account at the house bank. Both loans differ in their terms and characteristics as well as the intended use.

At Amphibank, the borrower can choose between two loan options. There is an installment loan and a credit line, which can be used flexibly.

Credit conditions: Installment credit from 5.35 percent pa

Two loans to choose from at Volkswagen Bank

Two loans to choose from at Amphibank

Let’s come to our experiences on the terms of the loans of Amphibank and look first at the direct credit. We are less positive about the lending rates, which start at 5.35 percent. The interest rates depend on the duration of the loan and on the creditworthiness of the applicant and thus it can be assumed that in most cases higher interest rates will come about. The amounts granted in this loan variant are between 1,000 and 50,000 euros. Regarding the duration of the repayments, there is the possibility to choose between maturities of 12 months and 120 months.

Let’s get to Comfort Credit. There are no fixed terms, because the loan can or may not be used at all times. For the loan amounts that are used, the borrower pays an annual percentage rate of 7.21 percent. Loans in the amount of € 2,500 to € 25,000 can be requested here.

In our Amphibank Credit Test, it quickly became apparent that interest rates are not among the best compared to other providers. With 5.35 percent APR, even borrowers with excellent credit ratings pay a higher rate than many other credit providers. Also the frame loan is with an interest rate of 7,21 per cent in the year belongs to the more expensive offers.

Special offers for pupils, students, self-employed

In our experience, we were able to say that the personal loan is also offered for the self-employed and freelancers. However, maximum amounts of 25,000 euros apply and self-employment or self-employment must last at least two years. Otherwise, borrowers must submit a permanent employment contract in order to receive a loan and must be at least 18 years old. Further special offers for students or pupils can not be found at the bank.

At Amphibank, not only permanent employees can receive a loan. It is also possible for self-employed and freelancers to apply for a loan. It is a prerequisite that the self-employment has existed for at least two years.

Test the website and the Amphibank loan calculatorAs Amphibank is one of the largest financial service providers in Germany, the website is accordingly professional. The website is mostly simple and nothing distracts the eye. All products are presented in a clear and effective manner, and the interested party can quickly find out about all important basic conditions. You can easily find your way around and everything is always exactly where you expect it to be. The Amphibank loan calculator is also offered, where potential borrowers can inform themselves in advance about the monthly installments.

The website was able to convince credit experience within the framework of our Amphibank. The website is characterized by a clear structure, a professional presentation and a transparent presentation of all product features. The Amphibank Loan Calculator shows no additional credit details except the monthly installments.

Regulation and security of the bank: BaFin-regulated company

The head office of Amphibank GmbH is located in Braunschweig and thus the financial institution is regulated by the BaFin. BaFin is responsible for the supervision of all German companies that work with client funds and acts in accordance with the EU-wide uniform MiFID financial market guideline.

As far as the security of customer data is concerned, the same guidelines and standards apply to Amphibank as they apply to all other major financial service providers. Data transfer is always encrypted using SSL 128 bit technology. The bank also assures that it does not pass customer data on to third parties and guarantee anonymous surfing.

Our Amphibank Credit Test has shown that BaFin, which operates under the MiFID Directive, is responsible for regulating the bank. The data transfer is always encrypted and the bank assures to deal responsibly with the customer data.

Contact and Service: Support from Monday to Saturday

Telephone customer support at Amphibank is available from Monday to Friday from 8:00 to 20:00 and on Saturday from 9:00 to 15:00. Furthermore, customers and interested parties can also write an e-mail or personally select one of the local branches nearby.

The range of services provided by Amphibank is convincing, as it includes, for example, online financing assistants, a large FAQ section, financial calculators, newsletters and numerous mobile applications relating to the products and services of Amphibank.

Telephone customer service is provided by Amphibank from Monday to Saturday, and apart from a written request, there is also the option of visiting one of the bank’s branches in person. A plus point in our test is the large range of services offered by the bank.

5. Test reports on the Amphibank offer

The loans and other services provided by Amphibank have already been tested several times in tests and the bank can also show some certificates that stand for the high quality of the offer. For example, the bank’s loan was given the title “Top Installment Loan” by Focus Money. The customer service of Amphibank has been audited by TÜV Nord and subsequently received the quality seal.

6. Our conclusion: not just positive aspects

In our credit test conducted by Amphibank, we not only noticed positive features of the loan offer. For example, from 5.35 percent pa onwards, interest rates are not really competitive and the interest rates of the Comfort Credit are among the poorer offers at 7.21 percent pa. On the positive side, we were able to state that the loan amounts are already possible from 1,000 euros and that even self-employed and freelancers can apply for such a loan. Also special payments can be made by borrowers at any time free of charge. Despite some positive aspects, it is only enough for a rating of 3.3.

7. Five questions and answers about the Amphibank loan

1. Which loans does Volkswagenbank offer?

In addition to various car loans, the bank also has a personal loan and a credit line.

2. Who can apply for a loan from Volkswagenbank?

As a precondition for a loan commitment, the bank is the age of majority of the applicant, a permanent residence in Germany and any German bank account.

3. We also grant a loan to self-employed?

Yes, at Amphibank, self-employed persons and freelancers can also apply for one of the two loans. The self-employment must exist for at least two years.

4. What interest is charged on the loans?

The direct credit is based on interest rates that depend on the duration and creditworthiness of the applicant and start at 5.35% per annum. The Comfort Credit has a uniform interest rate and is at an effective rate of 7.21 percent per year.

5. What loan amounts can be applied for?

When it comes to direct credit, amounts between 1,000 and 5,000 euros are possible. For ClasicCredit, the credit line is between € 2,500 and € 25,000.

Bridging loans for the self-employed and small businesses: fast, discreet, serious and flexible!

Unlike the long-term installment loan, other bridging loans have other priorities as interim financing: For example, unbureaucratic, fast lending decisions and high flexibility in repayment of loans or early loan repayments have higher priority than lending rates. This results in the bridging loan a slightly different order in the credit ranking than the normal installment loan for small businesses and self-employed.

Each month, the SME CREDIT team researches existing and newly offered bridging loans for the self-employed and small and medium-sized enterprises (SMEs) on the Internet. The results of the research are published monthly in a bridging credit ranking. Loan seekers thus receive up-to-date and reliable information about the interest rates and customer friendliness of the online credit providers.

Bridging Credit Ranking of December 2018

rank company maximum
1 inancingent 750’000 €
2 financinga 100’000 €
3 Crediter 100’000 €
4 Funding Square 250’000 €
5 Pixocredit 100’000 €
6 moneyor 50’000 €
7 creditend 75’000 €

To apply for a loan from one of the listed credit providers, simply click on the application (last column table) of the respective credit provider. You will then be redirected to the loan offer, where you complete and submit your online application. The whole process takes only a few minutes! Please also note our notes below! You should get at least 2 to 3 offers in order to find the cheapest offer for you.

1st place: gold medal for inancingent

inancingent is a provider-independent full-service provider for SME financing in Germany. Companies and their consultants, freelancers and the self-employed will quickly find the optimal financing solution through the inancingent platform and consulting. In addition to loans, there is also leasing and factoring.

The Digital Corporate Loan, a bridging loan from inancingent, meets the requirements for rapid lending to bridge financing bottlenecks for the self-employed, professionals, tradesmen and small and medium-sized enterprises (SMEs):

  • Bridging loan up to 100,000 euros within 24 hours
  • Bridging loan up to 750,000 euros within 48 hours

2nd place: silver medal for financinga

financinga is a specialist for fast and short-term loan solutions for self-employed, tradesmen and SMEs (small and medium-sized enterprises) with maturity up to 12 months. Speed ​​and flexibility are top priority: Credit decisions within a few hours and thus within a working day access to up to € 100,000. Ideal as bridging finance, bridging loan and to solve unforeseen financing bottlenecks or liquidity gaps.

Why it is not enough to just ask for the first place in the credit ranking!

Every credit ranking is a statistical evaluation! This means that for an individual loan request, for example, the second place provider can offer a more favorable offer than the number 1 provider ! Practice shows that when you place an inquiry with the first 2 to 3 providers in the ranking and then compare the offers, you get the cheapest loan for the self-employed.

Other credit rankings

For long-term installment loans and loans for founders, start-ups and entrepreneurs, there are slightly different selection criteria and priorities compared to the above short-term loans:

  • Ranking of credit for self-employed and SMEs last month
  • Credit Ranking for Founders, Startups and Entrepreneurs of the Last Month

Our tip for SMEs: Penta business account!

Penta offers tailor-made business accounts for small and medium-sized enterprises (SMEs) in Germany. Fast registration, intuitive use and fast support together with low fees form the basis for the Penta business account. All important functions and fintech applications are integrated on a single platform, making it the one-stop-shop solution for the customer. In addition to the basic functions of a bank, this also includes HR, accounting, CF management and much more.

Did you know that …

  1. … Self-employed, tradesmen and small companies often completely misjudge the chances of government funding programs? More at: Subsidies for the self-employed, traders and SMEs
  2. … the time-consuming search for financing can be circumvented? I beg your pardon? Yes, indeed: With a single online request, access to 220 financing offers and 1,700 funding programs. More at: SME tip: With one request access to 220 financial partners and 1,700 funding!
  3. … Factoring as a credit alternative for medium-sized companies is not only an interesting solution in times of crisis?
  4. … with the credit formula developed by SME-CREDIT self-employed and SMEs can save 30% interest?
  5. … that a financially strong guarantor definitely increases your credit chances? If no guarantor exists, a credit insurance can be useful as additional security!
  6. … the purpose of the credit in the credit decision of the bank can be significant?

Everything else about loans for the self-employed, freelancers, founders, entrepreneurs, tradesmen and small companies find loan seekers in our practice guide loan for the self-employed, freelancers and small businesses.

Well informed is half won! 5 questions about the online quick loan

Many questions play a role – everyone is looking for their very own and individual credit. The agony of choice is sometimes great. Sometimes it just has to be fast. Which online short-term loans are serious? Which suppliers are really recommended for consumers after our independent test? Read more about the best online quick loans and make a decision – with our help.!

The big loans comparison

  • Independent comparisons of different providers
  • Transparent and easy-to-understand reviews and guides
  • Valuable insider information about providers
  • Clear comparisons of the best banks
  • Tips and Tricks for the Best Online Credit
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How does our online loan comparison work?

In order for you to be able to find a cheap online short-term credit by accepting our comparison, three statements should be made:

  • Required loan amount
  • Term of the loan
  • Purpose: Small loan

Who does not know: Unforeseen expenses can put us in an uncomfortable position. The washing machine is suddenly broken, the car is on strike, the account is empty – but the month is still long. In order to close short-term financial gaps, there is the possibility to complete a small loan. A small loan is paid out quickly and has a short term.

Time is short: Find a cheap online fast loan

Time is short: Find a cheap online fast loan

Fast and uncomplicated: The small loan

A general requirement for obtaining a loan is the age of majority. For all types of credit, credit checks are usually carried out by the banks. These include Private credit queries or the demand for payroll. For small loans is often refrained from. Even with a Private credit entry small loans are partially to get. They have a duration of between 14 and 30 days and range from 100, – to 600, – Euro, in rare cases, higher sums can be borrowed.

Also online: Reputable providers on the Internet

Meanwhile, there are also cheap online quick loans, which are recommended. We’ve tested reputable vendors for you in this article and will give you a guide on what to look for when looking for low-priced short-term loans. First of all, do not be fooled by offers that promise you high sums of money at astonishingly low interest rates! Trusted providers are in a middle range.

An online short-term loan should be finalized when it comes to closing short-term financial gaps caused, for example, by unforeseen expenses. Due to the short duration of a quick loan between 14 to 30 days you should be absolutely sure that you can repay the loan at the end of the term.

Do not rush: you recognize quality!

Do not rush: you recognize quality!

If you happen to be in a financial emergency situation or want to bridge a bottleneck, do not let the unpleasant situation lead you to badly thought out actions! Even if it should go fast: You have to make sure that you are dealing with a reputable supplier!

Please note the following quality features in order to find a cheap online short-term loan:

  • Fast and serious: Quick loans are not awarded for large sums, otherwise the risk for the provider is too high. If you come across other offers, stay careful!
  • A contractual agreement as a prerequisite: A provider who does not attach importance to a contract should appear to you doubtful.
  • A clear, well-structured loan agreement: In the loan agreement, the loan amount, term, interest, other fees should be clearly formulated.
  • Do not be dazzled! Fast payout without identity check? There is something lazy in most cases! A provider that does not want to hedge itself in any form, rarely runs reputable business!

The comparison: Why are you looking for a quick loan?

The comparison: Why are you looking for a quick loan?

Are you in a financial situation that requires swift action? A cheap quick loan compared to other loans seems to you the best solution, because you do not want to wait long for the decision and need only a small sum.

Whether the quick loan is convenient for you and actually recommended in your situation, you should check well.

  • Do you have a short-term financial gap that you need to close?
  • There are no other repayment options?
  • It is a manageable amount?
  • You are waiting for the receipt of money and know that it will be paid in the next few weeks?
  • Are you sure that repaying the loan in the short term is realistic?
  • The pre-agreed rate is always payable? You have prepared a financing plan?
  • The burden of the credit can be estimated over the term? You can also agree the costs with your personal plans?
  • They have all terms compared clean and can not be blinded by a favorable offer “

If you can answer the majority of these questions with “yes”: A quick loan seems to be the right product. An installment loan may also be eligible. If you have answered “no” to all or most of the questions: A quick loan is not recommended. If your answers balance each other, look for independent advice.

Well informed is half won! 5 questions about the online quick loan

As in every area also applies here: A good information situation is half the battle! Only then can you make a good decision.

1. How do the lenders secure themselves?

Most financial institutions usually check the ability to repay the loan plus the interest on current income, usually very accurately. For higher sums of more than six months, more collateral is usually required, such as guarantees or financial reserves that can be accessed in an emergency. In the case of short-term loans, an identity check is usually sufficient. Even with a Private credit entry, quick loans can be awarded in small sums.

2. How soon will a quick loan be paid out?

The credit decision actually falls within a few hours, you have to expect up to one day until you have a safe decision from the credit request. The name says it all: as soon as the loan is approved, the providers pay the money. It is usually credited to the account in less than six hours.

3. What are the average interest rates?

The interest rates are logically higher than for longer-term loans. On average, interest rates are between 14 and 16 percent.

4. Can the quick loan drive itself into ruin?

The ruin is only a possibility with high sums. Quick loans are small loans that operate within a manageable credit line. And do not be afraid of usury: today, a loan agreement is declared ineffective, if there is evidence of usury. For usury is immoral. Usury means that there is a mismatch between performance and return. In the case of a quick loan, this mismatch occurs when the agreed interest rate is 100 percent above the market rate of interest, for example 28 percent instead of 14 percent a year.

5. How should the interest on fast loans be paid?

As a rule, the interest rate agreed with a money loan is payable after the end of a calendar year. If the term does not cover a whole year, the interest is due on the refund. With a quick loan, the interest rates fall after just 14 to 30 days.

From time to time, there are costs and service charges for processing and lending. However, these additional costs should be in a context that is considered appropriate. What is appropriate, you can quickly find out by a quick loan comparison.

For small loans Schufa entries are no problem

For small loans Private credit entries are no problem

Best a small loan! The quick loan of the future

Best a small loan! The quick loan of the future

In order to relieve you of the work a little, they have compared the online quick loans in comparison and processed the results neatly. It has been noticed that in the short-term granting of loans especially small credit providers are a good choice. For this reason too, we compared the good and serious offers in this area.

ExpressCredit has been providing small loans to private customers since 2014 as a service of Zaloan Germany GmbH. The provider ExpressCredit is part of the Zaloan Germany GmbH, which exists as such since 2005. At the current time, the company has already been able to spend small loans on more than one million customers in 20 countries. According to our reports, this is a reputable provider. Applying for credits via ExpressCredit.de is quick and easy. The requested amount is 199, – Euro for the first application, at 300, – to 600, – Euro from the confirmatory application, the maximum duration is 45 days.

Apply for a quick loan at Xpresscredit

Easily apply for a loan at ExpressCredit

As an alternative, even a small loan from Viloan offers a good opportunity, should you have to get money at a very short notice. The desired amounts can be between 100, – and 600, – Euro and bring a duration of 15 to 30 days with it.

Form customer account at Cashper

An account with Viloan: Opened quickly

Another possibility for a favorable on-line fast credit: Neofunding offers in contrast to the classical bank loan no long-term installment credits. The desired amount is higher here: between 100, – Euro and 3,000, – Euro, the duration is up to 30 days as short as the competition. However, there is a 2-rate option: With a loan from 1,000 euros you can extend the term up to 60 days.
Interest rates are around 14 percent per annum for all providers.

Calculate credit and fees at Neofunding

And a next variant: The provider iPfand works like a normal pawnbroker. In order to receive money, deposit your valuable asset as collateral and receive a corresponding sum, with which you can do what you want. You have the choice. Either you pay back the money with interest and get your valuable asset back or the pawnshop gets the right to sell this item.

5 tips and tricks for dealing with the quick loan

5 tips and tricks for dealing with the quick loan

Your situation requires quick action? All the more important that you do not act rashly!

1. If you need a small amount for a short time, contact a microcredit provider.

You will receive the money easily and promptly. Borrow only as much as you can safely repay after the short term!

2. Valuables can also be converted into money at short notice!

If you do not want a credit check, you can also lend your valuables. A classic pawnshop on the internet with good terms is iPfand.

3. Do not accept high interest rates!

Do not let your unpleasant situation take advantage. Reputable providers calculate about 14 percent annual interest for a short-term loan with no hidden costs – of course!

4. Establish a realistic financing plan!

Regardless of how big the loan amount is, you should always set up a financing plan. In other words, you have a written record of what and how much you can afford and, above all, whether repayment is possible. In a lightning loan, the repayment is usually in a sum. Alternatively, calculate the monthly rate.

5. Credit comparison is a must!

A credit comparison should not be a “can” but a “must”. That’s the only way to make sure you get the best deals. In addition, you are on the safe side when it comes to finding a reputable provider. Make use of the know-how of the experts.

Now we wish you much success in finding the best online loan!

Inancingent offers self-employed and small companies the full digital corporate loan!

In addition to favorable conditions, self-employed and small and medium-sized enterprises (SMEs) rely on speed for loans. A quick quote and a quick commitment often decide whether an SME can accept an order or expand. In addition to the 220 finance partners offered by Inancingent, the Digital Employment Credit in cooperation with solare bank fulfills the requirements for fast lending to bridge financing bottlenecks. With the Employment Credit, customers can receive a loan commitment of more than € 100,000 within just 24 hours, with a maximum of € 750,000 within 48 hours.

Fully digital process enables the fastest possible lending

In the case of liquidity shortfalls or other financing bottlenecks, self-employed and small companies are particularly interested in speeding up loans. A fast corporate loan with a binding commitment is the solution.

Thanks to the cooperation with financinga, small loans under € 100,000 are now also possible: Short-term loans up to € 100,000 also for self-employed and freelancers

The Digital Corporate Loan, a bridging loan from Inancingent, meets the requirements for rapid lending to bridge financing bottlenecks for the self-employed, professionals, tradesmen and small and medium-sized enterprises (SMEs):

  • Bridging loan up to 100,000 euros within 24 hours
  • Bridging loan up to 750,000 euros within 48 hours

For those in need of more complex financing, Inancingent continues to provide expert and product independent expert advice on all financing products. See also:
SME tip: With one request, access to 220 financial partners and 1,700 subsidies!

Are there alternatives to the Inancingent Digital Employment Credit loan?

Are there alternatives to the Inancingent Digital Employment Credit loan?

Yes, for loan amounts up to 100,000 euros. Our recommendation besides Inancingent is the Financial Technologies company financinga for short-term loans up to 100,000 euros. For further alternatives for short-term loan solutions we refer to the monthly published transition credit ranking.

Many self-employed and SMEs did not know that…

  1. .. that factoring as a credit alternative for medium-sized companies is not only an interesting solution in times of crisis!
  2. … that the purpose of the loan is important in the credit decision of the bank.
  3. Before an SME turns to the bank with its loan request, it should be informed in detail about the credit requirements !
  4. Did you know that a financially strong guarantor definitely increases your credit chances?
  5. If no guarantor exists, a credit insurance can be useful as additional security!
  6. In addition to a guarantee or credit insurance, there are other securities that increase the chances of a loan.

Everything else about loans for the self-employed, freelancers, founders, entrepreneurs, tradesmen and small companies find loan seekers in our practice guide loan for the self-employed.

The pact has allowed the IMF to be open to join the third rescue

The pact has allowed the IMF to be open to join the third rescue

The eurozone today agreed to an expenditure of 10,300 million euros to help Greece to meet the payment of debt and outstanding bills, and detailed the short, medium and long term measures of debt relief, which has allowed the IMF Be open to join the third rescue .

After giving their political agreement to the completion of the first review of the rescue of up to 86,000 million euros, the ministers of Economy and Finance of the Eurozone decided that a first tranche of 7,500 million will be delivered to Greece in mid-June so that it can do against major repayments to the ECB and the IMF and catch up on arrears.

The remaining 2,800 million will be disbursed in several installments “after the summer,” according to the managing director of the eurozone’s rescue fund, Klaus Regling, who pointed out that any additional payment for debt service will be subject to compliance with milestones related to privatization, banking governance, the collection agency and the energy sector.

The general disbursement is also pending verification in the coming days of the full implementation of some previous actions, such as “corrections” to the legislation on the opening of the market for the sale of delinquent loans and pension reform, as well as to the completion of pending measures in the area of ​​privatization.

The closure of the first review was only part of a broader package that the Eurogroup had to agree on and whose second pillar includes the measures of Greek debt relief, essential for the IMF to join the third rescue.

The eurozone has not lowered the primary surplus target of 3.5% of GDP that Greece should reach in 2018, despite the fact that the IMF considered it unattainable without significant debt relief, but has agreed on measures that, in principle, convince at the bottom.

The Eurogroup considers that for Greek debt to be sustainable, gross financing needs must remain below 15% of GDP during the period after the third rescue, ie after July 2018, and below 20% thereafter.

Some of the short-term measures involve softening Greece’s debt payment profile by extending the average maturity of 28 years to 32 by the rescue fund. Interest rates, among other measures, will also be reduced with the fund’s financing strategy.

The medium-term measures will only be considered if a new analysis of the sustainability of the debt at the end of the rescue shows that they are necessary. The rescue fund would then use the benefits obtained by the ECB with the purchase of Greek debt in 2014 -1,800 million euros – which are in a segregated account, and the resumption of transfers of the benefits of the ECB and national banks to Greece from 2017 as a “cushion” to reduce future gross financing needs.

“Unused resources” could also be used, such as the 19,600 million euros that were not needed last year for the recapitalization of the bank, according to Regling. Asked if it will decide on the medium-term measures only after the German elections in 2017, the president of the Eurogroup, Jeroen Dijsselbloem, explained that “we have always said that it will be done when the rescue has been fully implemented and there is a new sustainability analysis Of the debt”.

For the long term, the Eurogroup has agreed on a contingency mechanism that could be activated after the end of the rescue to ensure the sustainability of the debt in the event of a “more adverse” scenario. All this has allowed the IMF to be willing to join the Greek rescue before the end of the year. “We welcome all parties have now recognized that the Greek debt is unsustainable and that Greece needs relief, and we also welcome that there has been an agreement on the methodology to assess the sustainability of the debt and on the objectives to be achieved by the relief” , said the head of the European Department of the Fund, Poul Thomsen.

The IMF said it had “made a significant concession,” since it had asked the eurozone to approve the measures, still not fully quantified, in advance and not after the program in 2018. “We have all shown flexibility and are willing to recommend to the This political agreement is upheld, as long as the revised analysis of debt sustainability suggests that the measures on the table provide the necessary relief.