Guaranteed at no extra cost
- Start your credit request now (this does not result in a contract).
- After checking your request, the money will be in your account after 4 days.
- All you have to do is accept our offer. If not, then not. No catch, no upfront costs.
A cheap loan is always given without upfront costs. Should a bank or a private credit broker make a different statement, it can be assumed with great certainty that the relevant provider is dubious. Every person who is really interested in borrowing should look for alternatives in this case.
Compare loan offers
If you carry out a credit comparison on the Internet, you will very quickly find that a cheap loan can be granted not only by a German but also by a foreign bank without any upfront costs. In this context, however, it should be ensured that the conditions differ significantly in some cases. While almost all German banks or savings banks require Schufa information from their customers, foreign banks do not. However, a good and secure income should be available. Otherwise it will be very difficult to obtain a loan or it will be completely impossible.
Application and approval
Most banks can easily apply for a loan not only in a local bank branch, but also online. Banks often do without an extensive branch network and only offer their loans online. The same applies to the majority of private credit intermediaries. As soon as the bank receives the loan application, it carries out an immediate short credit check.
If everything is OK, the customer receives a message asking them to submit further documents for the final check. If the loan application can be approved, the money will be paid out within 24 hours. The customer receives a loan agreement in which the conditions and the repayment modalities are detailed.
Repayment – cheap loan must be repaid
Unless it is an overdraft facility, a cheap loan must be repaid in monthly installments with no upfront costs. The amount of the installments depends not only on the length of the term, but also on the annual percentage rate and the amount borrowed. Many banks agree that their customers make one-off or regular special repayments. If necessary, the loan can be redeemed early. It should be borne in mind, however, that the bank might be able to charge early repayment penalties.