Quick loan - various options for you

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If you want to get the money for your loan paid out quickly, the following options are best for you:

1. pawn loan

2. Car loan

3. Bank loan

4. Credit card installments

5. Apply for an overdraft facility

6. Online loan

Here you can find an overview of the time until pay out:

1. pawn loan

If you have collateral such as jewelry, electronics or a designer bag, a pawn loan is a quick and uncomplicated option for you. You can borrow money at short notice from a pawn shop if you deposit your item as collateral.

The advantage of a pawn loan is that no credit check is carried out. So it doesn't matter whether you have debts or just want to borrow money quickly - your financial situation remains completely anonymous.

You can have your money paid out immediately in cash at the pawn shop. A bank transfer is also possible. This option is mainly used by people who cannot bring their item to the pawn shop in person and therefore hand it over by post. In this case, you will usually be paid out the day after your item has been received and checked.

Processing a pawn loan is very easy with online providers such as CASHY:

• Offer: Select your price offer in the search window or in the live category overview. The fees will be displayed transparently.

• Delivery: Choose the delivery option: in person at the store or by mail order.

• Payout: Choose how you would like to have your money paid out: in cash, via PayPal or as a bank transfer.

• Term: Extend your pawn loan online at any time via your account. Partial repayment or redemption is also conveniently possible via your cell phone.

Important: Please note that pawn loans are primarily suitable for short-term financing. They usually have a term of 1-3 months. Although they can be extended at any time, you should be sure that you can repay the money at the end of the term. Otherwise, your item may be auctioned off. After that, however, you are debt-free and don't have to worry about any further consequences.

2. car loan

The principle of a car pawn loan is similar to a normal pawn loan. If you own a car that is neither financed nor leased by the bank, you can use it as collateral at the pawn shop. One important difference is that you also have the option of continuing to use your continue to use your car during the term. You can also park your car at the pawn shop.

The vehicle must be owned by you and have a valid §57a inspection (sticker). It must also not be older than 12 years (except classic and luxury vehicles).

If your car meets all these conditions, you can enter your vehicle data directly into a calculator at online providers such as CASHY. calculator directly into a calculator. You will immediately find out the maximum amount of money you can borrow. The fees to be paid are also clearly broken down for you before you decide on a request.

Tip: You can easily recognize reputable providers in Austria by the corresponding seal of approval from the WKO seal of approval. The rates charged by these pawn shops have been checked and approved by the Chamber of Commerce.

3. bank loan

If you have a regular income from employment and a good credit rating, a bank loan would probably be the quickest and cheapest solution for you.

It is helpful if you already have an existing account with the bank. If the conditions are right, many banks offer express and instant loans.

Bank loans are generally cheaper than pawn or car loans and are also suitable for long-term financing.

Important: Banks always carry out a credit check before granting a loan. In addition, bank loans appear in the KSV and are therefore visible to anyone who is authorized to carry out a query.

4. installment payment credit card

If you already have a credit card that has previously debited your balance monthly, many providers give you the option of switching to installment payments. It is usually sufficient to ask customer service to make a corresponding change. If you have a good credit rating, there is usually nothing to stop you paying in installments.

Example: You have an outstanding balance of EUR 2,000 on your credit card. If you switch to installment payments, you usually have to pay at least 10% of the total balance each month. After the switch, you will therefore be charged at least EUR 200 per month plus interest.

Important: The installment fees for credit cards are usually higher than for bank or pawn loans, ranging from 9-15% per month.

5. apply for an overdraft facility

If you are not yet using this option, banks often give you the opportunity to get an overdraft facility. The prerequisite for this is usually a regular income for at least 3 months. The amount of the so-called overdraft facility is usually up to a maximum of 3 months' salary.

Important: Make sure that you do not use the overdraft facility permanently. The fees for the overdraft facility are usually higher than for conventional bank loans. There is therefore a high risk of falling into a debt trap.

6. online credit

Online loans are particularly suitable if you need an alternative to a bank loan. Unlike the bank, many online providers only carry out a credit check and do not require you to provide proof of salary for smaller amounts. The loan will still be paid out within 2-5 working days.

If you are accepted, you usually identify yourself directly online with a valid ID document. You usually sign using a tan on your cell phone.

Important: You should inquire about the conditions of online providers in advance, as these are usually more expensive than at the bank. If you are a long-standing customer of your bank, you may find another option for financing.

The requirements at a glance

Depending on the option you choose, you must meet certain requirements to be able to take out a loan. Use the following overview to find out which type of loan is right for you:

This is how much money you can get

Depending on the type of loan you want, you can get different disbursement amounts for a quick loan:

All information without guarantee. Please note that the information is a snapshot as of June 2024.

You can always find the current fees and requirements on the homepage of your reputable provider.

It's smart. It's quick. It's helpful. It's CASHY.