Working part-time, it is difficult to get credit from a house bank. Due to the low income, you are rated unfavorably in your credit rating. The house banks raise the interest mostly credit-related, which means high interest rates for part-time loans. The interest rates at the direct banks are more favorable. If you need a loan quickly and work part-time, Great Loan Finance can help. The company, based in Berlin, specializes in short-term loans with fast payouts.
What is a part-time loan?
In Germany, many employees are employed part-time. They work less than 40 hours a week and earn a low income accordingly. How long the weekly working time actually is depends on the employment contract. The longer the weekly working hours and the higher the monthly income, the better the chances of getting a loan. Employees who work only a few hours per week can increase their chances of obtaining a loan by providing a guarantor who meets the requirements for the loan.
If you would like to apply for a part-time loan, select a cheap provider and submit the application online. After the application has been received by the bank, you will receive an answer. Once you have received a confirmation, you will carry out the verification and submit the credit check documentation to the bank. If all requirements are met, you will receive the loan.
When does a part-time loan make sense?
Before you apply for a part-time loan, you should think carefully about whether you really need it. If the employer does not pay on time and you have to bridge a financial bottleneck, if you need money for rent or electricity, or if you have an unforeseen repair on the car, a part-time loan makes sense. If family or friends can not help out in the short term and you have no opportunity for a part-time job, for the sale of various things no longer needed or for the contribution exemption of a life insurance, a part-time loan is worthwhile. You should refrain from a loan if you are already in debt and have a negative entry to the Schufa. Some employers earn a good income despite being part-time. In this case, you should choose a provider with favorable terms on the loan comparison. If you have an average credit rating and your loan application is rejected by a bank, Great Loan Finance can help you with a low-cost short-term loan.
Benefits of a part-time loan with Great Loan Finance
Great Loan Finance specializes in short-term loans with short maturity, low pay and fast payout. At Great Loan Finance, applicants also have a chance that other banks have difficulty borrowing. Great Loan Finance is characterized by transparency and favorable conditions. The benefits of having a part-time loan through Great Loan Finance are manifold:
Get fast loan with immediate payment
Great Loan Finance is characterized by a fast loan payment. If you need the money very quickly, you can request the express option for the loan. This option is granted for a fee of 39 euros. Once you have submitted the application and made the verification, Great Loan Finance will pay the credit to the specified checking account within 60 minutes.
No long tie due to fast repayment option
Due to the quick repayment option, you do not tie yourself to a loan at Great Loan Finance. Quickly you are debt free again and no longer have to worry about the repayment of the loan installments. The term for the short-term loan is 30 days. The loan is repaid in one sum. If you want to be debt free even faster, you can also choose a term of 15 days.
No commission or processing fees at Great Loan Finance
At Great Loan Finance, there is no difference between debit and effective interest, with no processing fees, no hidden costs and no commissions. Charges apply only to additional options. The Great Loan Finance website lists the additional option fees. Great Loan Finance ensures transparency and informs about the interest on part-time credit.
Thanks to short term and small loan amount only low interest rates
The interest rates are low for the part-time loan at Great Loan Finance. The reasons for this are short terms of up to 90 days and low loan amounts. For new customers, the maximum loan amount is 500 euros, while the loan of existing customers can be applied for up to 3,000 euros. The loan calculator informs about the amount of interest.