Instant Loans for Foreigners in Germany
Fast online approval. Digital process. Money in your account within 24 hours.
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How Instant Loans Work
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Enter loan amount and compare offers from 100+ banks
Apply
Fill out the digital application in 5-10 minutes
Verify
Complete VideoIdent from your phone or computer
Receive
Money transferred to your account within 24-48h
Getting an Instant Loan as a Foreigner
Instant loans (Sofortkredit) in Germany have revolutionized the borrowing process. What once required multiple bank visits and weeks of waiting can now be completed entirely online within 24 hours. As a foreigner living in Germany, you can access these fast loans if you meet the basic requirements.
What Makes a Loan "Instant"?
The speed comes from digitalization: online applications, automated credit checks, VideoIdent for identity verification, and digital signatures. Banks can process your application without paperwork delays. Some lenders use "Kontoblick" technology to instantly verify your income by securely scanning your bank transactions.
Speed Checklist for Same-Day Approval
- Apply before 2:00 PM on a business day
- Have online banking credentials ready for Kontoblick
- Complete VideoIdent immediately after application
- Sign the contract digitally without delays
Requirements for Foreigners
As a foreigner, you'll need a valid residence permit, German bank account, and proof of regular income. Having completed your probationary period at work significantly improves your chances. Your Schufa history (or lack of negative entries) will be checked, but newcomers without history can still qualify with strong income documentation.
Typical Loan Amounts and Terms
Instant loans typically range from 500 to 50,000 EUR. Smaller amounts often process faster. Terms range from 12 to 120 months, with interest rates depending on your credit profile. The effective annual interest rate (effektiver Jahreszins) includes all fees and is the best way to compare offers.
Frequently Asked Questions
Can foreigners get instant loans in Germany?
Yes, foreigners with valid residence permits, German bank accounts, and proof of income can apply for instant loans (Sofortkredit) in Germany. The process is fully digital, and pre-approval can take as little as 5-15 minutes.
How fast can I receive the money?
With digital loan applications, you can receive pre-approval within minutes. After completing identity verification (VideoIdent) and signing digitally, funds can be transferred within 24-48 hours. Some banks offer same-day payout with SEPA Instant transfers.
What is required for instant approval?
Requirements include: valid ID and residence permit, German bank account (IBAN), proof of income (payslips or employment contract), completed probationary period preferred, and online banking access for digital account check (Kontoblick).
What is VideoIdent and how does it work?
VideoIdent is a digital identity verification process. You connect via video call with a verification agent who checks your ID documents. It takes 5-10 minutes and can be done from your smartphone or computer, eliminating the need for PostIdent at a post office.
What loan amounts are available for instant approval?
Instant loan amounts typically range from 500 to 50,000 EUR. Smaller amounts (under 5,000 EUR) often have faster approval processes. Your approved amount depends on your income and creditworthiness.
Will the instant loan check affect my Schufa score?
Initial rate quotes usually use 'Schufa-neutral' inquiries that do not affect your score. Only when you formally apply does the bank make an inquiry that appears on your Schufa. Multiple applications in short periods can temporarily lower your score.
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