It is the everyday disasters that you usually catch completely on the wrong foot: the car breaks down, the fridge breathes life out of it or the television is suddenly black. In such moments, you need a loan as soon as possible, which ideally will be paid directly to you. There are several ways you can get the desired cash advance quickly. We would like to show you these, but also make you aware of what you have to watch out for when you tread on them.
Cash advance quickly: This is how you get the money quickly
Basically, you can get the cash loan that you need quickly from four donors. Credit intermediaries are an option. Strictly speaking, they give you the credit from one of the other options (branch and direct banks, private individuals), but since in many cases you are even only dealing with the loan broker, they should be listed as a separate option.
Branch banks: You usually get the cash credit within 24 hours, in some cases it can take longer.
Direct banks: The financial institutions that operate via the network will be happy to promise you a cash loan within 24 hours, but you should be prepared for the fact that it can take up to 48 hours before you actually hold the money in your hands.
Private individuals: In your personal environment, you will of course get the money immediately. If you take the loan from a private individual, you have to expect a waiting time of 48 to 72 hours. In individual cases it can go faster.
Loan broker: If you visit a loan broker on site, there is a good chance that you will receive your cash advance immediately. When you get active online and contact a house like Maxda, you have to wait up to 24 hours for the money. In individual cases, the waiting time can be extended to 48 (or even 72) hours.
Get cash advance quickly: The downsides
As an old saying goes, a coin always has two sides. There is not only the happiness and relief of getting a cash advance quickly, but there are also some drawbacks. Put simply, the following rule applies: the faster you get the loan, the more expensive it will be for you.
Interest rates are extreme compared to other installment loans and are often in the mid double digits. In addition, you will only find offers for four-digit loan amounts at loan brokers. For those, however, you have to plan an additional agency fee, which will further increase your costs. In addition, some of the donors work with couriers to deliver your money to you as soon as possible. You also bear their costs, because after the logic of the lenders, it is you who need the cash advance quickly.