Category: Business Loans

Instant student loan.


Getting an instant student loan is not as easy as it looks at first glance. Students have virtually no attachable income. It is difficult for banks to demonstrate sufficient creditworthiness. However, it is the prerequisite for lending. If only the German State Funding is available as a source of income, an immediate loan from the bank is almost impossible.

The family as a lender.

The family as a lender.

The best contact for the instant loan as a student is the relatives and parents. Your help is free and not tied to lending requirements. If the parents cannot help with cash, they can at least facilitate lending to the bank. If you sign as a guarantor, all credit problems that students have practically automatically are usually eliminated. In the event of default, the bank can adhere to the guarantors.

The instant loan as a student requires ingenuity.

The instant loan as a student requires ingenuity.

During the course of study, both the state and the state foundations grant loans as well as one-off grants and grants. The process is often lengthy and rather unsuitable for spontaneous bottlenecks. One way to get a modest credit line really practically immediately is through the credit card application.

New providers in particular are often not quite as precise when reviewing applications. With a little luck and without negative Credit Bureau information, the card will arrive in the mail a few days after the application, with a credit line of a few hundred USD. The instant loan as a student has a relatively high price in this form, especially with slow repayment. The interest rates for overdrawing cards are often significantly higher than those in the checking account. Each ATM withdrawal also costs a hefty extra fee.

Offers on the Internet for student loans

Offers on the Internet for student loans

There are also ways to get an instant student loan via the Internet. It is mostly the same providers who can also help with lending to the self-employed or with irregularities in information. The money that is given as a loan comes from more risk-taking investors. It is also possible for students and the self-employed to get an instant loan without the monthly payments of an employer. If such a loan application is decided positively, then the payment is very quick. On average, the entire process takes only about 7-10 working days from the time the application is made until it is paid out.

180 month loan – how to obtain?

Almost everyone has ever taken out a loan, whether to finance the car or new furniture, for vacation or because there was a financial shortage. There is a huge range of design options for loans and loans; for the layperson, this broad spectrum represents a confusing variety.

Different models of loans

Different models of loans

There is talk of installment loan, annuity loan, overdraft facility, mortgage loan and many more. The best-known and most common form is the installment loan, in which fixed amounts are due monthly with a fixed term, which include interest and repayment installments. For example, car and furniture stores, department stores and mail order companies offer their customers convenient installment models that are basically nothing other than an installment loan.

Usually you can find really attractive offers with very low interest rates. The annuity loan is an installment loan that the bank grants, the terms vary a lot, you can also get a loan with a term of 180 months. The overdraft facility is the most expensive alternative to loans. The bank gives the customer the opportunity to overdraw the account to a certain extent and thus offers quick and uncomplicated help in the event of current financial bottlenecks.

But with the “overdraft facility” relatively high interest rates are due, currently from about 9 to well over 10%. Since no fixed repayment rates have been agreed, the overdraft facility used is often not reduced and the spiral of costs begins to turn fatally. Therefore, if you can foresee that the overdraft facility cannot be repaid in the foreseeable future, you should seek debt restructuring and take out a fixed installment loan. It doesn’t have to be a loan with a term of 180 months.

Loans online – also a loan with a term of 180 months

Loans online - also a loan with a term of 180 months

The Internet offers the convenient option of obtaining a loan online, and different models are also offered here. You advertise with lending without credit information, even lending with negative credit information is possible. Particularly attractive interest rates and individually negotiable terms are some of these online loans as a real alternative – however, the customer should inform himself thoroughly and also study the notorious “fine print”.

The different length of the term offers the customer a high degree of flexibility with regard to the design of the monthly repayment rates, because with a longer term the repayment rates are spread over a longer period and can therefore be kept very low. However, the interest payment is higher for a longer term, because with a loan with a term of 180 months you pay interest for 180 months.

In any case, this should be included in the consideration over the term. The loan amounts vary with the individual providers, from a maximum payment amount of 10,000 dollars to hundreds of thousands of offers, with interest rates ranging from 3.59% to about 8.90%, always depending on the individual design of the Loan agreement.

Business loans without collateral

Starting a business is, for many, a big dream, but most often it is one thing that prevents this from becoming a reality and that is the lack of start-up capital. Many people therefore choose to take out a so-called corporate loan to realize their dream. If you are young then it can be a problem to apply for a loan with collateral as you usually do not have much to pledge and therefore the best option is to apply for a business loan without collateral.

You absolutely do not need to take out a loan when starting a business. You can just as well borrow money if you already have one! If you have come a long way then you may want to expand your business with, for example, more products in their range and then maybe the money is not enough. In this situation it can be a smart move with a loan to their company. If your company is reasonably large, you can even use this as collateral for the loan. Then you can get the interest rate down considerably. It’s a big advantage.


What does it take to get unsecured loans?

unsecured loans?

The following three rules are usually applied here. If you do not meet these requirements, it is with 99% certainty that you will not receive a loan.

1. Your company / company must be registered with the Swedish Companies Agency.

2. The company should not have any registered payment notes for the last 2-3 years. You should definitely have no unpaid debts when applying for the loan either. Whether this concerns unpaid payment remarks or debts with, for example, the petitioner.

3. You must have reached the age of 25. This “rule” doesn’t hit them that hard exactly. Then it is more important to comply with paragraphs 1 and 2.


I meet all the requirements – When is it free to borrow?

money loan

Well, it’s not that simple. But at least you have come a long way if you meet the above criteria. The bank or loan institution takes a higher risk when it comes to corporate loans without any collateral, so you and your company will be reviewed manually. You will be given information on how much your total income is. All expenses are also very important. Other factors will also come into play but this is “The big two” if we say so.

Simply explained, the bank or loan institution sees that you are able to repay a loan and you will be approved. It is not more difficult than that.


Where to apply for unsecured corporate loans?

corporate loans?

Not all loan companies accept loans without collateral, so you usually have to look around a bit to find good terms. But if you want to avoid this I recommend LendGo. By filling in an application at LendGo you will get answers from several different banks within a few hours !. Then you select the loan that suits you and your company best.

Reading only approves corporate loans if your company has been active for at least 2 years.


Other information that may be good to know

business loans

The most important thing to keep in mind is that you have a clear plan on what your business idea will look like, how much your potential income will be on, what expenses will be etc … Before applying for a business loan without security you should simply write a budget together. Another thing that is also very important is that you separate your private finances from your company’s finances. Some have chosen to “bake” everything into one, but you should not do that when applying for a loan.

Another tip is to have as stable and good finances as possible before considering borrowing money. Go through all the papers preferably 2 if not 3 times. Keep track of everything. That time will be worth the gold if you get a loan granted I can promise.