Online credit – when is the money in the account?

 

 Online loan seekers expect the loan amount to be credited to their checking account as soon as possible, i.e. quickly. So that this can actually be the case, lenders and borrowers must work closely together. This applies particularly to the applicant. While the majority of work processes at the online bank are automated, the loan seeker has to take personal action.

With his speed and accuracy, he has a significant influence on the fact that the money is transferred via online banking within just a few working days.

Compile income documents

Compile income documents

Immediately after submitting the online application, the applicant receives a first immediate confirmation and a list of which documents are expected in the original. The prepared contract attached as a file gives him the certainty that the online loan is almost approved. Now it is up to him to provide the information and information in the online application.

This always includes proof of a regular income from work. For civil servants, workers and employees, this is the monthly remuneration certificate. In some cases, the original statement of the current account, on which the monthly income has been credited, is expected.

Depending on the amount of the online loan, the online bank also expects proof of the permanent and contractual employment relationship. This only applies to workers and salaried workers, because, as the word says, for civil servants, their jobs are lifelong. The lender wants to ensure that the applicant is able to repay the online loan on time and in full over several years.

Take care of the postident procedure immediately

Take care of the postident procedure immediately

The documents received also include the form for the so-called Postident procedure. The online bank is legally obliged to verify the identity of the loan seeker. This is done by an employee in the local branch of Deutsche Post AG. Using the ID card, the online bank’s form confirms the identity of the loan seeker. This is free and must be done as soon as possible. Without this confirmation, the online bank cannot process the loan application conclusively.

The completed Postident form is sent directly from the post office to the online bank. Experience has shown that the loan seeker can attach his or her previously compiled documents to this consignment so that everything is available at the online bank.

Send copies in advance by fax

Send copies in advance by fax

To speed up the application process, the applicant should fax all documents that are sent to the online bank by post in advance. The time in which the original documents are in the mail can now be used for further processing of the online credit. If they arrive at the online bank the next day or even the day after next, then they only need to be compared with the copies already available.

The payment of the online loan has been prepared in the meantime, so that the transfer is now literally sent with a last entry. This duplication of originals and fax copies can save a working day. To this end, constant telephone contact between the applicant and the clerk at the online bank is helpful. One knows what the other is doing or expects from him.

In this way, it is realistic that the online credit will be credited to the account within two days of the application.