Good credit: cheap offers also with immediate transfer

Are you looking for a loan quickly and without complications? Are the many offers on the Internet for an emergency loan just right? Everything seems very simple: fill out the application, conclude the contract and immediate transfer follows. The money is in the account within a few hours.

Do not be misled by such or similar advertising. It is not as simple as it is sometimes portrayed. When direct banks offer urgent loans, they do not necessarily involve particularly fast loan processing.

Above all: do not act hastily. Compare different offers and, if necessary, get advice from experts. Credit comparisons work with partner banks where you can take out quick installment loans. To do this, however, you have to meet certain requirements.

Now read the most important details about so-called urgent loans and some particularly cheap offers of fast installment loans.

What is a Good Credit?

What is a Good Credit?

An emergency loan is not a special type of loan. It is nothing more than an advertising slogan for normal installment loans offered by direct banks on the Internet.

Unfortunately, advertising loaves are more connected to the expectations of potential customers than to describe a factual situation. Advertising with the Good Credit is one such case.

Good Credit is more of a moderate advertising term from the early days of internet loans. Today you are sometimes much more aggressive: lightning credit, instant credit, instant transfer, instant payment, 1-hour credit, these are common advertising terms today.

Target groups for urgent loans

The target groups are customers with an urgent credit requirement. The desire for quick liquidity can be based on various reasons.

Perhaps there is simply not enough money to finance a larger, currently particularly inexpensive purchase at a special price. Maybe you only need a small loan for a spontaneously planned vacation. Or the reason is a real liquidity bottleneck often associated with creditworthiness problems.

This target group, in particular, feels particularly attracted by advertising with Good Credit. And it is precisely this target group that cannot expect a quick credit decision and a quick payment of the loan.

Instant credit, instant payment, and instant transfer

Instant credit, instant payment, and instant transfer

Over time, instead of the term Good Credit, the product description instant credit has become common.

Even today, in many cases, these are completely normal installment loans, which can be applied for online and are ultimately legally concluded using a PostIdent procedure after the contract documents have been sent.

The cumbersome shipping by post will usually take a few working days. So what is “immediately” with such online loans?

First of all, the preliminary immediate decision. Customers submit their application form online and, often very quickly, receive a decision as to whether they can pursue their loan requests at all.

With the instant decision, customers definitely know that there is a credit opportunity, but not that they are getting the loan they want. The bank also promises immediate payment or immediate transfer of the loan amount.

However, this does not mean that the payment to an account is made immediately after submitting the credit request.

Rather, the payment of the loan amount takes place in connection with the final examination and the signing of the contract by the bank after the bank has received the documents from its customers by post.

Sometimes it is even only promised that the “immediate payment” will be made within 24 hours after the final examination. In this respect, one can speak of a 24-hour credit.

It is obvious that this type of instant loan, which is the original form, often takes longer than a normal installment loan with the house bank. With luck, the money will be in the credit customer’s account after seven working days.

Process shortening due to modern technology


Of course, the direct banks also knew that urgent loans, instant loans or even lightning credits were nothing more than a little advertising lie. Direct banks therefore gradually went over to using modern techniques to shorten procedures.

Lending procedures can be significantly shortened if the postal route is eliminated. The solution is the optional offer of Videoident and Document Upload.

The identity check required by law is carried out in the course of a video conference. In the end, the customer usually receives an identity code, which he can use to upload the necessary documents.

This method can be chosen by customers who have a computer with a camera. A smartphone is very suitable. A stable internet connection is important. If you fold the video ID and upload documents, you save 2 to 3 working days. The payout period is reduced accordingly.

Digital loan completion

Digital, fully paperless loan completion using a computer is the final step towards Good Credit. We described in a separate article exactly how the account view and digital signature work.

Ultimately, the application process, credit check, and credit agreement are all done in one go on the computer.

After the contract documents have been digitally signed, the bank initiates the immediate loan payment. In this way, the loan amount can be deposited into the customer’s account within 24 hours or 48 hours.

The credit check is carried out by an automated Credit Checker request and the evaluation of bank statements from the current account. Sometimes Credit Checker information is replaced by information from another credit agency.

The digital evaluation of the account statements requires that the customer transmits his access data for the account to the bank using a secure procedure.

Payday Loans

Payday loan for young workers

The payday loan for young workers has many advantages. First, because it takes into account the specific situation of young workers. The 18-29-year- olds have little professional history and limited finances, their borrowing capacity is necessarily affected.

The advantages of a payday loan for young workers

The advantages of a personal loan for young workers

The payday loan for young workers includes these elements. Therefore, a payday loan allows young workers:

• 100% finance a major expense (eg purchase of a car);
• not having to provide overly large guarantees;
• benefit from attractive interest rates;
• have fixed monthly payments;
• to settle this loan in advance at no cost.

A “young active” payday loan via the loan between individuals

On the Internet, lending between individuals represents a new way of accessing credit, by freeing oneself from traditional lending institutions. The loan between individuals corresponds to the new aspirations of young workers. The 18-29-year-olds, the ones we used to call generation Y, were born and raised with new technologies.

Social networks, media, e-commerce: young workers are ultra-connected and have their consumption habits on the Internet. Crowdlending is part of this trend. On an online platform, it is also possible to complete a loan dossier between individuals 24 hours a day and 7 days a week! Collaborative credit also corresponds to the sharing values ​​of Generation Y, which plays a major role in the emergence of collaborative consumption.

A collaborative credit platform thus allows borrowers to benefit from savings invested by other individuals, to finance their projects. The platform plays the role of “trusted third party”. This new mode of consumption makes it possible to give a more human dimension to payday loans, and this is reflected in the cost of consumer credit. Because a credit platform between individuals is distinguished by reduced costs compared to a traditional lender.

Get a payday loan for young active people thanks to Fine Bank

Get a personal loan for young active people thanks to Good Credit

Created in 2011, Fine Bank is the first web credit platform that connects borrowers and investors. This start-up – populated by young professionals – has revolutionized consumer credit to the point of being approved by the prudential supervisory and resolution authority of the Good Finance.

To make finance more responsible, Fine Bank democratizes consumer credit and makes it more accessible and less expensive. Two essential criteria to enable young workers to finance their beginnings in life with monthly payments that do not reduce their purchasing power. A payday loan for young workers with Fine Bank is:

• benefit from a competitive interest rate that is among the most attractive on the market;
• benefit from a clear and unsurprising offer (often, in banking organizations, so-called free options pay off in practice);
• obtain a clear and rapid response (within 24 hours * after receipt of the borrower’s complete file).

Final decision within 24 hours: Upon receipt of your complete file, Fine Bank can reply to you within 24 hours by SMS in the event of acceptance, and by email in the event of refusal.


Credit without pay slip – provide collateral

Typically, lenders require submission of a pay slip because they want to verify the stated income. In some cases, the loan is issued without a pay slip because there is other security or the desired quick processing precludes a careful examination of the wage statement.

Waiver of wages due to other collateral

Waiver of wages due to other collateral

With the overdraft facility, the bank effectively grants a customer a credit without a pay slip in the checking account. The regular incoming payments on the account, which do not necessarily consist exclusively of wage payments, serve as security. Most financial institutions have automated the calculation of the overdraft facility and do not differentiate between the reasons for incoming payments.

Even when applying for a credit card, the wage certificate is only requested in exceptional cases. Credit card applications are one of the few cases in which bank information is also obtained from private customers. In addition, credit card issuers limit the card limit for new customers. If these apply for an increase in good time, credit card companies will subsequently request proof of wages.

Even a car loan can be obtained from the dealer and the car bank without payroll; However, the prerequisite is that the buyer pays about a third of the purchase price as a down payment, thereby proving his good financial situation. The classic loan without payroll is the pledge loan. The income of his customers is unimportant for the pawnbroker, because only the deposited deposit serves as security.

No payroll to simplify processing

No payroll to simplify processing

Mail order companies and some supermarkets usually allow their customers to pay in installments without submitting a pay slip, and they deviate from this for large sums. As a modern loan without payroll, online banks offer an instant loan. Here, the submission of income receipts is waived due to the fast processing promised to the customer, because the money should be received in the customer’s checking account within two bank working days.

Both the waiver of the submission of the wage statement and the quick loan processing can be paid for by financial institutions, so that an immediately processed and quickly paid out loan without a pay slip is somewhat more expensive than a loan with normal processing time. So that the borrower does not pay too much interest, he compares the offers from different banks.

It should also be borne in mind that lending without payroll does not mean that the bank does not demand income. Financial institutions must always inquire about the amount of the wages; in the case of a loan without a pay slip, the bank relies on the accuracy of the information provided by the borrower.

For them, there may be a temptation to declare an income that is too high in view of the fact that the pay slip is not requested. In this case, the loan is likely to be successful, but the incorrect information will result in criminal consequences if the loan is not repaid in accordance with the agreement.


The “instant credit approval” – what is meant and was not

Many consumers today apply for a loan online through one of the myriad of online banks. This has advantages, because the conditions of these banks are much better than those of the branch banks. However, sometimes it is difficult to quickly choose a bank. Terms appear that the customer sometimes cannot do much with. This includes the term credit with immediate approval. How to get a loan quickly and easily?

What is an instant loan?

money saving

There are situations where the loan needs to be processed quickly. In this case, anyone who applies for one on the Internet must look for a loan with an instant commitment. In this case, the banks check the creditworthiness of the customer directly during the loan application and prepare a household bill. If the creditworthiness and the income are correct, the corresponding bank gives a loan with immediate approval. The customer can be sure that the money will be in their account within a few days.

Not to be confused with an instant loan

money saving

An instant loan should not be confused with an instant loan. It is a different loan model. In the case of an immediate payment, the loan amount will be paid out within 24 hours after approval. There is therefore a preferred processing of the loan application. The payment is then made with a lightning transfer, which is subject to a fee. Not every bank offers an instant loan.


What happens after the loan approval?

It can take a few days before a loan with an instant approval is paid out. The bank first needs the signed loan agreement and the income notices. A copy of the employment contract and the latest account statements may also be required. The bank can only transfer the loan amount after receipt of the complete documents.

Credit with instant approval without Credit Record

money saving

There is also a loan with an immediate acceptance without Credit Record, and as the name suggests, Credit Record is not asked in this special case. As a rule, it is intermediaries who can make such a loan possible. These loans often come from abroad. The Credit Record is not queried in these cases because the banks abroad have no access to it.

The necessary security must then be provided elsewhere. As a rule, the collateral includes a fixed salary, which must not be from an independent activity. Although these loans are more expensive than conventional installment loans, they are happy to be taken up by consumers who can no longer get a loan due to the negative creditworthiness in Germany. However, this loan is not suitable for the unemployed.


First loan? Check what you should know

Dreams come true. They meet more often than we can imagine. Sometimes in completely unexpected circumstances, sometimes it happens according to plan, which we owe to our own efforts and patience, which sometimes a loan comes to the aid. The moment of waiting is often more pleasant than the moment when our dreams become reality.

Dreams are different. There are those that involve a journey into the blue, with a backpack on the back and a map in your hand, or an exclusive trip to one of the Greek islands. There is also a new computer, a few years old cars, replacement of furniture in the apartment, or windows in the living room. Everything pleases, but everything also costs, and sometimes quite a lot.

That’s when the loan comes to the rescue. And although taking it is so simple that it just can’t be simpler, you definitely need to know things. It is worth having technical aspects in mind to be sure that we fully understand the whole mechanism, the repayment system. That all the terms and abbreviations in the glossary are clear and transparent and that the terms we agree to are fully understood.

First of all – what is it?


A loan is, as the name implies, borrowing money from an entity (this applies to both institutions and private individuals), which has the appropriate amount, of course, on strict conditions. The borrower undertakes to the lender that he will repay the said amount within a specified period.

It is not necessary to specify the purpose for which the funds will be allocated (and this is what distinguishes the loan from the loan, where this purpose must be specified), theoretically, it is also not necessary to specify the repayment terms (interest). In practice, however, if we take out a loan in trusted financial and banking institutions, the cost of credit is always clearly defined.

Salary – the interest rate called interest

Salary - the interest rate called interest

It is of course very nice of all institutions that they want to lend us money to make our dreams come true, but we must be aware that they are not charities. These entities must earn a living. They do it honestly, transparently, but it is quite obvious that they expect some remuneration for their activities, i.e. for handling transactions.

In this case, it has the form of a commission, which is usually called interest. Interest is a creation that everyone has ever heard of, but many do not quite know what they really are. It’s quite simple. This is the percentage of the amount borrowed by which the repayment of the liability is increased.

Different forms

Sometimes they have a slightly different form and are simply security for the lender against late repayment by the borrower. If he does not repay the money borrowed on time, he is charged a percentage of the amount borrowed, usually for each day of delay. You have to be careful, because while traditional interest, which is at the expense of the obligation, is quite reasonable, the latter, very often, is very high.

The maximum cost and interest rate of the loan is regulated by the Anti-usury Act. This is to encourage those who borrow to pay the commission within a penny. Sometimes it is possible to postpone the repayment date, although here also it usually involves additional costs.

Sometimes clients are asked to freeze the full amount or deposit funds as collateral for the liability. It is dangerous because if we are late with the payment by even one day, the whole amount may disappear. The chances of getting it back are basically zero.

Difficult words that are worth knowing

Difficult words that are worth knowing

It is worth meaning the words and phrases that the loan offer. One of them is basically not a word, but an abbreviation – APRC. It sounds scary, but you don’t have to be afraid of it. However, it is good to understand them, because both in the case of loans and credits, it plays a significant role.

The APRC is the Actual Annual Interest Rate. This is nothing but a number (usually expressed as a percentage), which tells about the full cost of a consumer loan or loan. For the calculation of the actual annual interest rate, all fees associated with the commitment are taken into account – from interest, through handling costs, to handling costs, or other types of a commission that the lender charges.


Are interest and loan commissions a tax deductible cost?

Even if you respond to the accountant by phone to the word “tax-deductible” or “taxes”, it would be good for you to know the most important rules for including interest and other costs in loans.

It is true that these rules are generally simple, and the conditions for including it costs quite obvious. But taxes would not be taxes if they did not hide potential surprises. It is worth knowing about them in advance so that you do not find yourself in a situation where the accountant will clear you away and you will pay more tax than you could.

In the case of a sole proprietorship, the costs of interest and fees associated with credit, from a tax point of view, do not differ much from other costs of doing business. The rules for their “tax deduction” (actually, reducing their tax base) are almost the same as for other expenses.

Interest and commissions – are they tax-deductible?

For the record, let’s remind you: a given cost can be considered as a tax-deductible cost when – as art. 22 of the Personal Income Tax Act – is “incurred in order to achieve income or to maintain or secure a source of income”. In the same art. 22 there is also an additional condition: the cost cannot be on the list of exceptions, which in turn is included in art. 23 of the Act.

Fortunately, there is neither interest nor other borrowing costs on this list? Credit or borrowing costs, such as commission or interest, so you can treat virtually the same as all other costs.

Interestingly, the cost of obtaining income does not have to be the cost of a company loan – it can also be the costs of … consumer credit for individuals, if it is used for business purposes. Small entrepreneurs sometimes take advantage of this opportunity, because a company loan in a bank is often simply not available to them.

It should be remembered that if the given costs are not on the list of exceptions listed in art. 23 of the Personal Income Tax Act, this does not mean that they can immediately be included in tax-deductible costs. The tax authorities, as well as the case-law of administrative courts, take the view that, in order for expenditure to be deductible, the following conditions must also be met:

– such a cost should be borne by the taxpayer, i.e., in the final analysis, it must be covered from the taxpayer’s property resources (not taxpayer’s tax-deductible expenses that were incurred on the taxpayer’s activities by persons other than the taxpayer),

– it is final, i.e. real, so the value of the expenditure incurred has not been reimbursed to the taxpayer in any way;

– incurred in order to obtain, retain or secure revenues or may affect the amount of revenues achieved;

– has been properly documented.

In case of doubts as to the possibility of including a given expense as tax-deductible costs, it is worth submitting an application for an individual tax interpretation in which the tax authority will state in a particular case, i.e. the facts regarding the taxpayer as to the application of tax law.

The interpretation will also provide protection for the taxpayer in the event of a tax audit. An application for an individual interpretation may relate to the actual state in which the taxpayer is in a given moment or future, which according to the taxpayer is yet to occur. Therefore, withdrawal from the abovementioned application and obtaining a binding interpretation of tax regulations allow to a large extent to plan and reduce tax risk in business.

Loan for any purpose? Yes, as long as it is not intended for any purpose

Loan for any purpose? Yes, as long as it is not intended for any purpose

Here, however, lies the first catch associated with credit costs being deducted from tax-deductible expenses. On the one hand, consumer loan costs can be recognized as tax-deductible costs, but on the other, it is not the case that every company loan qualifies for its costs as tax-deductible costs. The decisive criterion is not the name of the contract but the actual purpose of the loan.

Fortunately, a very good indicator here is simply common sense. If you really spend the company loan on the needs of the company – purchase of goods, equipment, software, etc. – everything will be all right.

But if you take a company loan of 50,000, and then stick a card on the door to the company, “closed, I went to Hawaii, I’ll be back in 2 months”, and a representative of the Tax Office will come to you, let’s put it this way: after two months you will has had at least two months of control?

Income tax costs for an investment loan

Income tax costs for an investment loan

An investment loan is another potential problem. Here, it is true that the entire interest and cost of the loan will eventually go to costs, but the key is the word “ultimately”. In the case of investments, all related expenses that are incurred before entering the item (machinery, equipment, etc.) in the fixed assets register are not recorded as costs, but increase the value of the investment.

This also applies to credit costs. Only interest (or other fees) which become due only after entering a given item in the fixed assets register directly go to the costs. Earlier interest and fees will gradually turn into costs only with depreciation.

IMPORTANT NOTE: in the case of interest and commissions, the date of their calculation is important. If the interest accrual date was before entering the subject of the investment in the fixed assets register, then even if you delay the transfer (which of course we do not recommend for obvious reasons), you will not gain anything. Interest will increase the value of the investment object anyway and will not go directly to costs.


Credit Card for Self-Employed

The Spin Lender credit card is also available for students and can also be issued to the self-employed. Your employees pay conveniently, securely, cashless and are liquid at all times. Independent credit card without wearing glasses, armed, power equipment.

Intelligent marketing for independent customers

Intelligent marketing for independent customers

A credit institution like Across Lender, which focuses primarily on private customers – and thus on a broad market – faces a major challenge in the current environment: On the one hand, customers expect optimal service that is appropriate to their current life situation. On the other hand, the house bank hardly sees its customers themselves.

It is therefore essential to make optimal use of the existing online and offline channels and to always offer consumers what they really need and want. The aim is that if around half of all customers already process their financial transactions on the Internet, the individual dealings in the branch will be kept to a minimum. At the same time, the house bank must ensure that it can recognize cases in which a targeted approach promises advantages and profits?

Existing customers no longer understand classic direct market – such as sending brochures or large telephone campaigns – with their consciously accepted wastage. In the event-based marketing area, both personal events such as a wedding or a career start as well as economic events such as an exceptionally high inflow of funds must be used.

Because these are the moments when customers not only allow consultation, but actually expect it, ”says Collros. Although the company is not yet very clear on this, the event-based marketing concept is clear evidence of big data analytics in a broad market. Billions of data on hundreds of thousands of consumers have to be continuously evaluated, evaluated, processed and distributed.

Best idea to finance your needs

Best idea to finance your needs

Not by specialists for specialists, but by specialists who permanently provide sales recommendations to more than 10,000 employees – and possibly in real time: “Learn to walk again”. “However, the previous solution has been exhausted and has no longer been sufficient to meet the needs and growth of Binary Lender.

After all, it is of no use if we have good campaign ideas and want to break new ground and then slow down due to the infrastructure. Cross-selling suggestions and 1.6 million support tips for employees and the company in the branches – every day. The advantages for our employees and for our results are obvious. Prida Cash Lender definitely has a competitive advantage in the heavily frequented Swiss market: “


Loan agreement – what to look for?

Unplanned expenses happen to all of us. The need to repair the car, purchase medicines or pay off liabilities urgently are situations that put us in a difficult, troublesome financial situation. When there is a sudden need for cash first, what we think about is taking out a loan. Then banks, non-bank companies and private investors who offer short- and long-term loans come to the rescue.

More and more people are opting for this type of cash loan, which guarantees us a loan without certificates, quick payment, and even the possibility of signing a contract online without leaving home. When we care about time, sometimes we do not even think about the consequences of our actions, we are happy with the positive decision and we automatically sign the contract even without getting acquainted with its content.

It is worth remembering, however, that the loan agreement is an extremely important document, so before you sign the agreement, carefully check the terms on which it is offered.

What should the loan agreement contain?

What should the loan agreement contain?

Non-bank loans have become a popular way of obtaining additional financial resources due to their availability. A lot of people use non-bank loans who, due to a lack of sufficient creditworthiness, cannot get financing at the bank or do not want to use its services due to extensive formal requirements. Below are the elements that should appear in the loan agreement.

  • the exact specification of the parties to the contract, ie the name, consumer address and lender details;
  • information on the type of loan taken out;
  • duration of the loan agreement (loan period);
  • total loan amount or number of items issued;
  • date and method of paying out the loan;
  • loan interest rate;
  • the amount of the annual current interest rate;
  • the amount of the total amount to be paid by the consumer, determined on the day of conclusion of the contract;
  • loan repayment rules and dates;
  • information on all additional costs, such as commissions and margins;
  • indication of the consequences of non-payment of loan installments or delay in payment of installments or total repayment of the loan;
  • information on the need to pay notary fees, if any;
  • instructions on how to withdraw from the loan agreement in a timely manner.

Which entries should be noted?

Which entries should be noted?

The basis for granting bank loans is the contract signed between the bank and the borrower or borrowers. Even when borrowing cash from a proven company, you should read the documents. Regardless of whether we sign the contract in a bank or in another institution, it is the only document that sets out the most important provisions of both parties regarding the commitment given. Therefore, it provides protection for both the borrower and the lender.

  1. Read the contract and all attachments carefully;
  2. Check the APRC value specified in the contract;
  3. Pay attention to the maximum interest rate on loans and borrowings;
  4. Remember, loan interest is not the only cost of the loan;
  5. Check what security the loan company requires;
  6. Remember that you have the right to withdraw from the contract.

The provisions contained in the loan agreement are very important, so it is worth each time you make a commitment, read it carefully and analyze it calmly. If you have any doubts, please clarify them thoroughly with the financial advisor.