Borrow money instantly in Vienna - 6 different options

1. INCREASE THE OVERDRAFT FACILITY AT THE BANK

If you need money immediately, a loan is not the right solution to your problem - it can often take up to two weeks to pay out.

An alternative option, depending on how much money you need, is to increase your overdraft facility to up to 3 net monthly salaries or more in exceptional cases.

To get your money immediately, go directly to the bank and speak to your advisor. In the case of online processing, it may take 1-2 working days.

2. PAWN COLLATERAL

Do you need money urgently but don't want to ask someone privately to lend it to you? Then a tangible asset loan might be right for you. For example, you can simply use a smartwatch, tablet, e-bike, cell phone or much more as collateral to borrow money.

1. Check CASHY.at to see how much money you can borrow for your item.

2. Bring the item to Burggasse 117 or simply send it.

3. Pay out money directly in cash, to your PayPal account or to your bank account.

YOUR ADVANTAGES WITH A TANGIBLE ASSET LOAN

• No personal liability

• No debt (in the event of non-repayment, the entire debt is covered by the pledge).

• Simple processing (no credit check or household bill required)

• High level of transparency (fees immediately visible online)

Here you can find an example fee for a new Apple iPad Air with 256 GB storage space*

*As of March 2024.

You will receive your money immediately in cash in the store - but you can also have it transferred to your PayPal or bank account within 24 hours.

3. PAWN YOUR CAR

If you need money to tide you over until your next paycheck or vacation allowance, a car loan may be the right thing for you. You use your car as collateral and canstill drive it in Austriaduring the term of the loan.

1. Offer:Enter your vehicle detailshere and find out the possible loan amount including fees immediately.

2. Review: After a request, you will be contacted shortly afterwards to arrange a review appointment.

3. Payout: You will be paidout your money immediately after verification in cash, to your PayPal account or to your bank account.

4. ANONYMOUS PERSONAL LOAN

Would you like to take out a personal loan, but don't feel like asking friends or acquaintances? There are platforms especially for these cases that connect potential borrowers with private lenders.

Providers such as Giromatch, for example, arrange loans from private individuals to private individuals.

Important: In most cases, the interest rates are higher than with a conventional bank loan. Private lenders also want to know whether you can repay your loan, but are often more flexible in their checks and do not have as strict requirements as banks. This means you have a better chance of being approved even if you have a moderate credit rating.

With most providers, you will receive your money within 5 days of successfully finding a sponsor.

5. ADVANCE SALARY PAYMENT

Many employees are unaware that their employers often offer salary advance payments. This is particularly possible if the next vacation or Christmas bonus is due soon or if there is payable overtime in the near future. Simply ask your HR department or your line manager about this option.

The salary is paid in advance immediately or within the agreed period.

6. CHECK ALTERNATIVES

Do you need money urgently? Perhaps you haven't even thought about all the alternative ways to borrow money. These options could also be suitable for you:

• Check subsidies: The City of Vienna offers many different subsidies, from a rent subsidy to subsidies for school meals and energy support. You can find an overview of all subsidies here.

• Crowdfunding: If you need money for a specific project, it might pay out to share your plans with others. Whether you want to start a business or are simply looking for a sponsor for your pet - there are many people who are happy to help or support good ideas.