A whole range of banks offer a 1000 Euro credit, a currently very favorable offer can be found in the Best Credit bank. The effective interest rate ranges between 4.35% and 10.90%, resulting in a rate of 23.70 euros per month. In total, this amounts to a total loan amount of 1,134.21 euros, including interest. The effective interest rate is based on a borrowing rate of 2.78%. This is tied up over the entire term and thus enables the borrower to plan for the long term in a stable manner.
Another offer for a 1000 Euro loan can be found at Intrasavings Bank under onlinekredit.de. Here, the borrowing rate is also 2.78%, but the effective interest rates already start at 3.90% and can rise to 10.90%, depending on the creditworthiness of the applicant. The monthly installment for a € 1,000 loan is therefore € 23.63, resulting in a total loan amount of € 1,134.21. Under Onlinekredit.de, however, the customer has additional options available that directly affect the effective interest rate. For example, it is possible to select whether an annual interest certificate is to be issued, whether payment breaks are to be agreed and when the first installment is due. There are periods of 30, 60 and 90 days available.
Also the Hamburg company bankile offers a 1000 Euro credit on favorable terms. The interest margin ranges from 2.90% to 17.90%, also depending on the creditworthiness of the customer. This results in an annual percentage rate of between 4.75% and 17.90%, which corresponds to a monthly rate of € 24.24 and a total loan amount of € 1,163.45.
Online loans are usually normal installment loans, as they can be applied for directly in a bank branch. Whether a loan is granted and if so, how much then the maximum loan amount, depends crucially on the creditworthiness of the customer. For a 1000 Euro credit, which is applied for online, the same guidelines apply here as for normal installment loans. A regular income that comes as far as possible from self-employment, should always be available, otherwise the debt service may not be secured in the long term.
In addition, there is usually a credit bureauüberprüfung. If there are negative credit bureau entries, this can have a negative effect on the lending or even lead to a rejection of the application, even if it is only a 1000 euro loan. It depends entirely on how high the other credit obligations are and whether it is possible to finance another capital service for the given budget. Also, loans that are actually done, but where the applicant is temporarily in default, can be listed here.
Online loans are often advertised with a quick settlement, but this depends heavily on the provider. Often it is direct banks that are most likely to score points, as they have specialized in online processing. Applicants should, however, always count on several days of waiting for a € 1000 loan, because the known immediate commitments are not binding for any page. An examination of the documents by a bank employee is unavoidable. This must first come into the possession of the documents. Since online loans are processed via the postal service or the PostIdent process, this can also take several days. If the bank has a branch network and, in addition, there is a branch close to the borrower, the latter can also verify his identity directly at the bank’s branch and also bring all the required documents by himself. This saves time and allows lending within a few days.