Small loan in Austria - 5 options

SMALL LOAN WITH VARIOUS CONDITIONS

Do you want to bridge a financial bottleneck, treat yourself to a vacation or need money for a repair? No matter what you need the money for, you have various options depending on your requirements. Compare possible options and find the ideal small loan for your individual situation:

1. Pawn loan: You receive both the offer and the payout immediately, your financial situation remains anonymous, you are not personally liable and you can process everything online if you wish.

2. Car pawn loan: If you use your car as collateral for a pawn loan in Austria, you can still continue to drive it. If you continue to use your vehicle, you can borrow up to €10,000. If you park it in a pawnshop, a pawn loan of up to €200,000 is possible.

3. Switch your credit card to installment payments: If you switch your credit card to installment payments, you will only be charged 10% of your total balance plus interest each month.

4. Small loan from the bank: For a consumer loan from the bank, you usually need a regular income from employment and a good credit rating.

5. Online loan or private loan: If you are unable to borrow money from a bank or pawn shop, friends or family are often a good solution as a lender.

1. PAWN LOAN

To get a pawn loan from a modern pawnshop like CASHY, all you need is collateral. You deposit your item with CASHY and borrow money in return. If you visit the pawn shop directly, you can have your money paid out without delay. The transaction is then carried out online via your account, regardless of location. This is how it works:

1. Offer: Enter the collateral you would like to pawn in the search window on cashy.at. You can also browse through the categories. Digital valuation software will immediately show you how much money you can be paid out as a loan for many items.

2. Handover: Come to one of the CASHY stores in person or simply send us your item - however you prefer.

3. Payout: CASHY gives you three options for paying out your money: in cash, by bank transfer or via PayPal.

4. Extension: You can repay, reduce or extend your loan at the end of the term - simply online.

In the following example, we show you the fees for a pawn loan of € 450 for a coin*.

*As of May 2024. Errors and omissions excepted. You can always find the latest payout amounts at CASHY.at.

2. car loan

If you want to know how much money you can borrow for your car, simply enter your vehicle details in the calculator. Select your desired payout amount for the corresponding value individually and send a request.

This is how it works:

1. Loan amount: In the car loan calculator you can find out immediately whether and how much money you can borrow for your car from CASHY.

2. Request: You can borrow the maximum amount shown or a smaller amount. Enter your desired amount and submit your request.

3. Verification: On weekdays, an employee will contact you shortly afterwards to arrange an appointment for the verification.

4. Payout: After successful verification, you will receive your money immediately in cash or as a transfer to your PayPal or bank account. Please note that cash payouts are only possible up to € 9,999. If you take out a higher amount, the difference will be transferred to you.

Find out everything you need to know about car loans and the documents you need here.

3. SWITCH CREDIT CARD TO INSTALLMENT PAYMENT

Most credit card providers now offer repayment of the total balance by monthly installment.

How to switch your credit card to installment payment:

1. Contact your provider and ask them to switch to partial payment.

2. After the conversion, either an agreed fixed amount or 10% of your total balance plus fees will be deducted from your deposited account.

3. You can charge your card up to the specified limit.

If you do not yet have a credit card, there are also online credit card providers who will provide you with a free credit card. The repayments are often even lower, but the fees are higher. Read the terms and conditions carefully before signing a contract.

4. SMALL LOAN FROM THE BANK

If your credit rating is OK and you have a regular income from employment, you can request your small loan directly from your bank.

1. Contact your bank advisor and tell them the desired amount and the intended use.

2. After checking your creditworthiness and your budget (income and expenditure are compared), you may receive your approval. As a long-standing customer, you can often have your loan paid out immediately if the terms are suitable.

3. Most providers pay out small loans without regular income or with a moderate credit rating within a maximum of 10 working days.

5. online loan or private loan

Platforms that put you in touch with private lenders are difficult to find in Austria. However, there are providers such as derfairecredit that will pay out your money without delay after a positive credit check.

This is how it works:

1. Application: First you enter your data.

2. Offer: Your offer will be configured

3. Contract: If all the requirements are met, your contract will be drawn up. You will need an official photo ID for this.

4. Identification: You confirm that you are the applicant via video call. You will need a passport or identity card.

5. Payout: As soon as all processes have been completed, your money will usually be transferred to your account by the next working day.

According to research from May 2024. Errors and omissions excepted.