A lightning loan is a loan in which the processing of the application and the transfer of the amount to the account of the borrower should be as fast as possible, within a few days. For this purpose, the borrower should already have all the necessary documents attached to the loan application in order not to hinder the processing.
After approval by the lending bank, the loan amount is then paid by so-called flash transfer within one hour to the account of the borrower. But what about a blitz loan for the unemployed without private credit.
Specify collateral directly with the loan application
If you need a loan quickly, which should not take a long processing time, such as to save costs, because you have permanently overdrawn the discretionary credit of the current account, then you should have already attached all the necessary documents for credit application. Because if the bank does not have all the documents available, the loan application will not be processed prematurely.
For example, the collateral for a lightning loan for unemployed people without private credit can be a third person who acts as a guarantor and is also creditworthy. Furthermore, the banks and credit institutions also consider a mortgage on a property not heavily burdened with good security.
However, in order to quickly get the loan amount you want as a borrower, you should first hand in all the required documents in full with the loan application to the bank or credit institution so that the application can be processed quickly. The payment then takes place via the so-called lightning transfer, so that the money can be available to the borrower within one hour after the application has been approved.
Foreign banks, such as Switzerland, are a good choice
With a lightning loan for unemployed people without private credit, which amounts to about 3.000,00 Euro, also the foreign banks can be a good choice. Again, you should submit all necessary documents, such as the decision on the monthly unemployment benefit, directly.
A private creditauskunft is not required at the foreign banks, since this is a purely German institution. The foreign banks have after a quick decision on the loan application, the possibility of the borrower to write the money within one hour by flash transfer to his account well.