Best Bank experience
Best Bank is the right contact for you if you need money quickly. The provider belongs to Novum Bank and has mini loans up to 600 USD in its program. With the repayment you can take 30 or 60 days. Best Bank has a Europe-wide banking license, so no intermediary is required.
Best Bank offers in detail
- Short-term credit from 100 USD to 600 USD
- Optionally, a term of 30 to 60 days
- Express transfers within 24 hours
- The conventional transfer of the loan amount takes around four days
- The PostIdent or VideoIdent is used for identification
- A loan is also made with medium Credit Bureau
- The credit inquiry costs nothing and is non-binding
- Existing customers can borrow up to 1,500 USD
What is new at Best Bank is that existing customers can apply for a loan amount of up to 1,500 USD. With the Superdeal, the money is ready for you the next day. Here too, the term is a maximum of 60 days.
No large purchases can be made with the money
At the beginning, it should be mentioned here that no large purchases can be made with the money. This credit is used to bridge the gap, for example to pay a repair bill or to the electricity supplier. This loan can also be used for special offers in the trade, provided that it can be repaid within this period. You have to be sure that you can repay this bridging loan regardless of the amount. Otherwise there are the same consequences as with a conventional installment loan with high loan amounts.
How can you apply for a mini loan from Best Bank?
You can apply for the loan at Best Bank conveniently from your home PC. Simply select the desired loan amount and term and then click on Apply for a loan. Another form then opens where you can request additional services. After you have done that, all you have to do is send the application. You will receive an answer from Best Bank within a short time.
What additional services can you book?
Those in a hurry can book the 24-hour deal. If the loan application is approved, the money will arrive within 24 hours. Preferred processing is available for new customers. The application will be processed within four hours. A flash instruction is also one of the additional services that are subject to a charge. The money will then be posted to your account within 24 hours. As an existing customer, you can choose the two-rate option. You pay the first installment after 30 days. The second installment is due after 60 days.
How long are the transfer channels without additional services?
It usually takes up to four days for the money to reach your account.
How does identification work?
Best Bank offer verify-U identification. You need a cell phone, an e-mail address, your ID card and the account details. This data is entered in the start form. You will then receive a transaction code via SMS. The data is then checked via Giropay or Skrill.
Requirements for a loan with Best Bank
- The applicant must be at least 21 years old
- The place of residence must be in Germany
- A monthly net income of 700 USD is expected
- A negative entry in the Credit Bureau is not necessarily a reason for rejection
- Care is taken to ensure that there is no over-indebtedness.
How does Best Bank react to the lack of payment?
As soon as you notice that you cannot pay the installment, please contact Best Bank and discuss everything with an employee. There is certainly an agreement. However, if you do not register in this case, you will be reminded when the installment is due. You then have seven days to pay for the outstanding amount. If there is still no payment, you will receive two dunning notices. Thereafter, default interest is due, the item is given to a debt collection agency and a report is sent to a credit information service.
Can I always apply for a loan from Best Bank?
You will receive an SMS after paying the first loan. You can now apply for a new loan from Best Bank. However, Best Bank can also reject the application without giving reasons.
When is a loan declined?
If the conditions already mentioned are not met. If there are doubts or concerns, a loan can be refused. Nobody wants you to be in debt. However, the loan is rejected even if the first loan has not yet been repaid.
Best Bank has a banking license that applies to Europe. No intermediary is needed, the money comes directly from Best Bank. An inquiry is generally free of charge and non-binding. If you meet the requirements for a mini loan that have already been mentioned, then you have a good chance of getting a Best Bank loan. You have up to 60 days with the repayment as an existing customer.