Advertising promises so many, but consumers can be skeptical when it comes to loans. Again and again the term lightning credit appears in 24 hours in the financial sector. Now the question arises, what is it all about. Is the money on a lightning credit in 24 hours really in the borrower’s account within this time? We want to investigate.
What exactly is a lightning credit?
With a lightning credit in 24 hours, a fast payment is important. The required capital is provided within 24 hours. In most cases, consumers apply for this special loan online. The costs are significantly lower because the banks do not have an extensive branch network. Most of them only provide their services over the Internet.
Because of this savings in personnel and rental costs, these loans are significantly cheaper. A branch bank cannot keep up. It is also the case that at a branch bank, the customer still has to make an appointment with the advisor for a loan. With an online bank, this does not apply and thus the loan amount is quickly paid out, provided there is no lack of creditworthiness.
How is a quick withdrawal possible?
No bank waives the customer’s identity check. For this reason, the postident procedure was used for loans. The technical possibilities nowadays allow a completely new form of checking. The video identification process significantly reduces the waiting time for the loan amount. The only requirement for this is that the customer has a PC with a webcam.
This enables an identity check to be carried out directly on the home PC. All the customer has to do is hold his ID card in front of the camera. After checking the personal details and the credit bureau, the loan amount will be paid out within a short time. A lightning credit in 24 hours is so realistic.
How do you get a lightning credit?
The better form of lightning credit is a credit line. This is available as an overdraft facility on the current account or as an on-demand loan on an external account. The cheapest option is the call credit. As a rule, this is even higher than the overdraft limit on the current account. With a call credit, a financial bottleneck can be quickly eliminated within a short time. Once the money is ready, it can be withdrawn or transferred in full or in part from the account.
The advantage of the call credit is the lower interest. The overdraft facility is much more expensive, but is still used as a lightning credit in 24 hours. Both the call credit and the overdraft facility are available without further questions. When using, there is neither an identity check nor a credit check. Both were done when these loans were made available. If you urgently need money and do not want to take any risks, you should apply for a overdraft facility and / or a call credit.