Loans that can be used privately can be requested online easily and inexpensively. Compared to loans from a branch bank, consumers usually benefit from lower interest rates. In addition, the comparison of payday loans over the Internet can be realized much faster and easier than if several payday loans were requested from banks manually.
The complete credit comparison of payday loans can be performed free of charge via the Internet. No commission costs are generally incurred for applying for a suitable loan from the Internet.
The video-identification process even makes the usual way to the post office obsolete for some payday loans. For these reasons, the topic of comparing interest and loans is increasingly being dealt with online. Online loans with flexible repayment are currently particularly popular with borrowers.
How does lending work with a payday loan?
The payday loan can be calculated using the loan calculator. To do this, it must be specified which loan amount is to be taken up. The borrower must also specify the duration over which the loan amount is to be taken up and whether, for example, free use is desired or whether the loan should be used for a specific type of use.
- Enter the desired loan amount in the comparison.
- Enter the desired loan term in the comparison.
- Define purpose.
- Get credit offers calculated.
- Select attractive financing and complete it online.
After the necessary entries have been made in the mask, the credit options are calculated based on the data stored in the loan calculator. The loan comparison always calculates several loans in parallel and ultimately shows an overview of the private loans. The loan, which is particularly cheap and has the lowest costs, can be determined on the basis of the effective annual interest rate.
The loan application can be made online. Clicking on the corresponding button takes you to the lender’s homepage, where all the necessary data must be entered. After everything has been made available, the loan application is checked. Shortly afterward, the consumer is informed whether the loan is approved and can be paid out.
Comparing payday loans and loans is much easier using a credit calculator than using other methods. If you are looking for a cheap loan, you can take a closer look at more than one offer. In this way, it can be determined where higher interest is paid. It also determines where you can save money and pay a low monthly rate. The quick loan application is also an advantage for a payday loan from the Internet.
Who grants loans to private individuals in Austria?
In Austria, numerous online banks grant loans to private individuals. The Good Finance Consumer Bank grants financing, for example, from an effective annual interest rate of 3.07% pa.
The “NowSofort loan” can be taken out from 3,000 dollars to 65,000 dollars loan amount. The effective annual interest rate depends on the creditworthiness of the consumer. The term at Good Finance Consumer Bank is between 24 and 120 months.
Good Credit Bank advertises the “click loan” at a fixed rate of effectively 3.80% interest pa and here too a term of at least 12 and a maximum of 120 months is offered.
At E-Money bank, the installment loan is offered from an effective 3.30% pa The interest rate depends on the creditworthiness of the borrower and can be a maximum of 9.40% pa The term of the loan is at least 36 months and a maximum of 120 months.
Conditions under 4.00% pa? – no problem thanks to payday loans
The online comparison of loans shows that very different conditions are offered. If you can demonstrate a good credit rating, a private loan is usually cheaper than a borrower with a poor credit rating. Financing that is granted at a fixed rate of percent pa, regardless of creditworthiness, may be cheaper after assessing the financial situation.
Who gets a payday loan?
In order to get a payday loan, it is necessary that some information about yourself can be given. Borrowers must also submit monthly income and wealth information with the loan application. This information is checked, for example by means of a bank statement or proof of salary. It should also be noted that information about one’s own living situation and credit obligations must be provided.
- Proof of salary
- Information about the housing situation and credit obligations
- KSV review
- Residence and bank account in Austria
- At least 18 years old
It is also necessary for the borrower to be a resident in Austria and to have a bank account in Austria. It is essential that the borrower is at least 18 years of age.