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Some borrowers are in a hurry to pay off a loan. You are therefore looking for offers that can be paid out within 24 hours. With a good credit rating and the right approach, it will not be difficult to find suitable offers for a loan with a 24-hour payment. We’ll tell you where to look for it.

Online or on site?

Online or on site?

If you want to be on the safe side and really want the loan to be paid out with a 24-hour payout within 24 hours, then you should opt for borrowing from a local bank. The reasons for this are listed quite quickly.

On the one hand, it is possible for you to go directly to a bank. If you go to your house bank, for example, you will be known there and will be able to decide quickly whether a loan can be granted or not. You save yourself having to submit documents regarding your salary, since the house bank simply has to look at your checking account. The Credit Bureau query is completed within a few minutes and if you have a friendly adviser, they will process your loan application immediately. Perhaps you can wait for approval right away and have the loan money in your hands within 30 minutes or 1 hour.

It is similarly quick if you present your loan request to another local bank. However, you have to remember that you have to carry all the important documents for borrowing with you. This includes proof of salary, bank statements and a current identity card. If you want to include a guarantor in the loan, he must accompany you to the bank, since he must also sign the loan agreement.

This fast borrowing is unfortunately not guaranteed for a loan with a 24-hour payment. Adverts are also advertised here with an instant loan. But the “immediately” usually refers to a non-binding commitment whether a loan is possible. You will only get a firm commitment once all credit documents have been received by the bank and checked. And a payment can only be made if you and the bank signed the loan agreement and if you have submitted a legitimation via PostIdent. All of this usually takes a few days, so that a loan with a 24-hour payment cannot be realized online.

By the way: If you do not want to do without the cheap online offers and are only looking for a small loan, then you could use your overdraft facility for the first few days and then offset it with the money that you get through the online loan.

The right loan amount

The right loan amount

When you apply for a loan, you are usually interested in a specific loan amount. They connect them – how could it be otherwise – with the project that you are planning with the help of the loan. This is no different with a loan with a 24-hour payment.

The banks and savings banks also combine lending with a project. This is because they aim to keep the default risk when granting a loan as low as possible. Therefore, it is carefully checked who takes out the loan and what the borrower’s requirements are.

The higher the loan amount, the more intensively the bank or savings bank checks the borrower. Because the higher the loan amount, the higher the risk of default. And the more security you have to include in the loan. Since you are looking for a loan with a 24-hour payment, we recommend that you do not let the loan amount skyrocket unnecessarily.

The best chance of a quick payment is always when you choose a small loan. Up to 5,000 or 10,000 USD, banks and savings banks are quite relaxed when it comes to lending and approve the loan even if you have a good credit and a good income. However, if you come out of the area of ​​small loans, additional security must be provided. A guarantor then comes into play or maybe material security. Of course, all of this must be checked by the bank in terms of value. And that takes time. Time you may not have. Opt for a small loan at best and the chances of getting a loan with a 24-hour payout are quite good.