Credit in 3 days – Choose smart providers

 

After the appearance of the new, smart credit providers and financing partners, many traditional banking groups analyzed the individual work steps in more detail and reorganized the workflow. The result is the possibility to get a loan approved and paid out in 3 days. Therefore, there is no need to wait weeks for the loan decision and, in contrast to a loan in a credits shop, larger amounts (over 50,000 USD) are processed using this procedure and released for payment.

The bank branch or representative office creates the basis for lending

The bank branch or representative office creates the basis for lending

The loan in 3 days can be applied not only to institutions that specialize in fast or instant loans, but also to most larger banks. These have improved their internal processes in such a way that the previously time-consuming task of sending the documents back and forth between the bank branch and the central administration or regional management is no longer necessary.

The retail client advisor takes the credit request and explains the various loan options and how the monthly rate is best determined. The borrower can also talk through different terms to find the right monthly rate. The private customer advisor goes through the most important data of the loan application with the borrower and also explains how interest or price formation occurs.

Then he forwards the request to the service area or the back office of the bank branch. There the data and the credit limit of the customer are checked and the credit contract is printed out. The bank branch then sends this to the customer, who still has to sign this contract – before the payment would be possible.

The next steps after sending the loan agreement back

The next steps after sending the loan agreement back

The signed loan agreement is then kept with the account records and the loan is made available for payment. Since very few people want to pick up a large amount of cash themselves and take it with them, a payment to an account to be specified by the customer is usually agreed. If you then add up all the work steps and the necessary time delay for mailing, you can see that the credit in 3 days is very feasible if the work processes are well organized.

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