Amount

2.000 - 10.000 $

Loan Term

12 - 60 months

Min. age

20 years
Borrow 5.000 $ over 30 months. Total Amount Repayable: 7.688.4 $. Max. APR 54.9%.

Emergency Loans

Emergency loans for unexpected expenses.

We all know this scenario – Unexpected medical bills, car repairs or more extensive investments. Unfortunately, one does not always have the money at hand and has to look for other ways to get it. The question is: What is the best alternative in this situation? Let's see what the various options are.

COVID Loan, Corona Loan, Pandemic Financial aid – What does that even mean?

During the global pandemic, a lot of consumers and companies got into financial distress. To still keep the economy going, some states have decided to offer financial support packages. Unfortunately, these are (mostly) just meant for firms and not for private people. To get this governmental support, the companies had to fill out multiple forms and applications. But don't worry! There are also various options for consumers to get to their money.

Get money fast: But how do I do it?

To begin with: We highly recommend you first check if a loan is necessary before signing a binding contract. Suggestions are made for the general public and have to be considered for each situation individually.

An emergency loan doesn't exist like that. When you still want to get money fast, and without immense efforts, quick loans might be the ideal solution. The advantage is that handling and sending the funds usually takes a couple of days. Nevertheless, the majority of banks demand a good credit rating. Important factors are the monthly salary and a debt-free past. Even though the purpose for the application doesn't have to be disclosed, we might show you some reasonable reasons on why to get a quick or emergency loan:

  • Medical bills
  • Monthly rent or deposit
  • Incidental costs
  • House or car repairs
  • Weddings, birthday parties or funerals

Other alternatives to get the money are credit cards or overdrawing the bank account. The advantage of a credit card is that you can pay the costs instantly, but the creditor's bill has to be delivered next month or sometimes even in instalments.

Overdrawing your account can be tricky, so first, check with your bank if this is a reasonable option. Usually, one does not have to sign a binding offer or apply for a loan to overdraw the bank account. To simply put it: You just spend more than you actually have on your account. The debt is then repaid by the beginning of the following month. Depending on your bank, there might be some additional fees and interest.

Both options differ from bank to bank, and we recommend in both cases to consult a professional advisor.

How do I choose the best loan?

Before you apply for a loan, it is crucial to analyse your financial situation in advance. Following indicators should be considered before signing a contract:

  • Do I already have outstanding loans?
  • What are my monthly incomes?
  • What are my monthly expenditures?
  • Why do I need this loan?

It is essential to have a clear overview of your budget before getting into binding contracts. This article doesn't want to encourage anyone to apply for a loan if this leads to indebtedness. Please take the above examples as an idea and find further information on our website or directly contact your bank consultant for individual advice