It depends on two factors: the nature of the loan and the provider itself. Most of the time, an installment loan is needed to make medium and large investments. For example, if a costly repair on the car, but for which the funds are just missing, can quickly come together larger amounts. If the car is still needed to go to work every morning, these amounts should appear as soon as possible on your own checking account. Although there are various providers that offer an instant loan or direct loan. But these too need a few days to pay, even if they sound “fast”.
Especially with online loan offers, customers are promised a particularly speedy settlement. But after the application, every loan application must be examined. Also, a loan with flash transfer and instant confirmation requires a scrutinizing look, because immediate commitments are based only on the automatic review of some key figures and can not incorporate all factors in the decision. Therefore, immediate commitments are only non-binding and provisional nature. In addition, borrowers still need to print the application and then send by mail, which also takes one to two days. So then a loan with flash transfer can take several days to complete, until it comes to a payment.
How does it work faster?
One possibility is to go directly to a branch bank. On site, all documents can be checked and evaluated directly. The sending by post is eliminated. It is also possible to complete the application on the website of a branch bank and then to bring the required documents to the next branch. An immediate payout is more of an exception than a rule, but it can save a few days already.
If you want to take care of the case, you can set up an out-of-office or call-off loan with the bank. The latter are not yet available at all institutions, but can also be applied for independently of their own checking account at a different than their own house bank. In addition, call-off loans are much cheaper than out-of-pocket loans. This is therefore most likely a loan with flash transfer, as the amount is available within 24 hours of call (if previously requested).