What documents are required for a lightning loan?

If you are looking for a loan that should be paid out quickly, you have to prepare a few things in advance so that as little time as possible passes from the application to the loan payment. Optimal preparation includes the provision of important documents that are essential for a lightning credit. So take care of these documents in advance. Nothing is more annoying and time-consuming if various documents are missing when the loan application is received and these have to be requested again from the clerk.

Please note that different documents are required depending on the status of your employment relationship. Different documents are required for an employee than for a self-employed person or a pensioner. In this article, we clarify which documents are required by people in an employment relationship.

Documents for a lightning credit with payment within 24 hours

Documents for a lightning credit with payment within 24 hours

As you may have read in the article How quickly you can get a lightning loan, applying for a lightning loan up to $ 3,000 is much less bureaucratic than applying for large amounts of credit. In addition, the loan can be paid out very quickly and within 24 hours. You should have the following documents ready for such mini loans

  • ID card or passport
  • Proof of income in the form of a bank statement and payslip (in digital form)

As a rule, no other documents are required. Since the application for such a loan is made online and via video ID, you need a smartphone or a PC with a webcam for the documents so that they can be identified.

Now that you have all these things ready, there is nothing to stop you applying.

Documents for lightning loans from $ 3,000

Documents for lightning loans from $ 3,000

Since the risk of default is greater for larger amounts of credit than for small amounts, most banks require additional documents before a loan decision can be made. The documents are submitted by Post-Ident and then sent to the respective bank. This has the disadvantage that processing can only take place after the documents have been received and therefore a few days pass.

Which documents you should have ready when you apply

  • Pay slip / proof of salary for the last 2-3 months
  • Original bank statements documenting receipt of wages in the last 2-3 months
  • easily legible copy of your identity card (front and back) or original ID at Video-Ident
  • complete self-disclosure
  • existing loan agreements

These are the documents you should have ready when you apply. You will be asked by almost every provider. Depending on the situation, the bank may require additional documents to release a quick loan. The following documents can also be requested from the bank

  • Confirmation of registration about your place of residence
  • Guarantees
  • Further proof of income
  • Evidence of an employment relationship
  • Declaration of assignment

Exceptions in cases of loans without Credit Bureau

Exceptions in cases of loans without Credit Bureau

If you apply for a loan without Credit Bureau information, you usually need fewer documents. The following documents are often sufficient

  • Original pay slip for the past 3 months
  • Original bank statements from the last 3 months
  • clearly legible copy of your identity card (front and back)
  • Post-Ident procedure when applying (e.g. for a cash credit)

Have documents ready for the lightning credit ahead of time

Have documents ready for the lightning credit ahead of time

You should definitely have the documents listed ready. If you have decided on a loan, you can apply for it all the faster. So make sure that your documents are complete before applying, otherwise the payment time will be extended and you will have to wait longer for your loan.

Online Loan for Self Employed

An online loan for the self-employed is intended for traders and freelancers. A prerequisite for lending is three years of work on an independent basis. Furthermore, the place of business should be in Germany and there should be no negative Credit bureau entries. 4wallsandaview.com fleshes this out

As a rule, the self-employed can choose between 12 and 72 months, whereby the rates are always the same. If you are looking for a very cheap online loan for the self-employed, you should compare the effective annual interest rate and also take a look at the ancillary loan costs. You can find out more about online credit for the self-employed in this article.

What should you watch out for with an online loan for the self-employed?

What should you watch out for with an online loan for the self-employed?

As a rule, this form of credit is an installment loan for private use. Those who opt for an online loan for the self-employed can use it to service private payment obligations without having to resort to business assets. Other uses include the replacement of a checking account overdraft facility or a necessary purchase in the household.

The monthly installment can be easily and easily adjusted to your budget, so that as a self-employed person you do not jeopardize your creditworthiness and thus your chances for further credit. The online loan can be easily applied to a direct bank or another loan provider on the Internet.

What do you need to apply for the loan?

What do you need to apply for the loan?

When you apply for a loan online, you need to be able to prove your regular income. Likewise, a company should survive for at least a year and be in the black, reducing the potential default risk for the lender and being more willing to approve the loan. In addition, it is necessary to present the business evaluation and the bank statements of the past three to six months. The presentation of the profit and loss account, an income tax return and a positive Credit bureau information is also mandatory.

You should definitely compare all offers with each other, whereby you can use a comparison calculator that gives you a quick and free overview of all the advantages and disadvantages of the different offers. In this way, you will definitely find the right loan that is affordable and tailored to your needs.

It depends on the provider, but online loans of up to 100,000 USD are possible if the corresponding creditworthiness is available. However, installment loans are most often given to the self-employed. Additional security increases your chances of getting a loan, which includes guarantees, assignments of life insurance or real estate.

If you want to be on the safe side, you can also name another borrower as a freelancer or self-employed person. For example, the spouse or a parent can be considered. In the event of a default, the second borrower steps in and pays the installments. Banks consider this step to be entirely positive, which in turn favors lending.