An instant loan and an instant commitment are not identical terms. Rather, the instant credit means that the lender transfers the requested loan amount within two banking days, while the instant approval refers to the fact that the loan decision is made online within a few minutes. Credit Bureau-free are loans if the lender neither makes a credit check with the credit protection nor reports the payment to Credit Bureau.
What are the advantages of the instant approval?
A Credit Bureau-free instant loan with immediate approval offers the applicant, in addition to the quick receipt of the desired money, the additional advantage of being informed of the approval of the desired loan immediately after submitting the application form. As a rule, the immediate acceptance is subject to the proviso that the credit documents to be submitted confirm the information provided in the loan application, whereby only random checks are possible for verification due to the promised immediate payment.
A Credit Bureau-free instant loan with immediate approval is usually associated with the waiver of income receipts that is often used for instant loans with Credit Bureau, since failure to obtain Credit Bureau information increases the risk of default. Since a Credit Bureau-free instant loan with immediate approval is associated with the additional service of quick cash disbursement, financial institutions charge an appropriate interest premium. In order to receive an inexpensive Credit Bureau-free instant loan, loan seekers conduct a price comparison despite the urgently required rapid approval.
Swiss bank houses award the Credit Bureau-free instant loan
A Credit Bureau-free instant loan with an immediate commitment comes from a financial institution in Switzerland, just like almost every bank loan without Credit Bureau. Not all federal credit institutions offer the additional services of immediate approval and immediate disbursement, so that the customer specifies the corresponding request in the credit comparison calculator. A Credit Bureau-free instant loan with an instant commitment is not a foreign currency loan, since the entire process is not in Swiss Francs but in USD.
The possible loan amount for a Swiss instant loan is generally a maximum of 3500 USD, few credit institutions increase the maximum amount to 5000 USD. Consumers cannot apply for multiple instant Credit Bureau-free loans from different banks at the same time, thereby avoiding the maximum loan amount, since the federal credit institution is asking the local ZEK.