Do you remember the time when you actually had to show up at the bank to apply for a loan? Fortunately, that time is over and in today’s modern IT community it is actually possible to get granted and paid off a loan the same day you applied. In the old days it took weeks, now it takes 1-2 business days before the money is on account.

Not only that, banks are working towards a solution that will enable most people to get granted and pay off a loan within a few minutes.

 

Sign the loan application with BankId

Sign the loan application with BankId

Most of us use BankID when paying bills in the online bank or when we take out new insurance. It is also possible to use BankID as an electronic signature when applying for different types of loans such as consumer loans, car loans, small loans and credit cards.

If you have applied for a consumer loan on the day and the loan application has been granted then you can sign the debt note with your BankID. The signing itself is done in a few minutes and it is actually possible to get the money on account the same day.

 

Where can I get BankID?

bank loan

To get BankID you must be at least 18 years old. All you have to do is bring your passport and visit your local bank. The process itself is very simple and it is actually possible that you get your new BankID on the day.

 

Consumable loans without collateral during the day

Consumable loans

As mentioned, it is possible to get a consumer loan on the day. How quickly the money is actually paid depends on a number of factors such as the loan amount, which bank you use and how quickly you get a signed debt note. Most often, you can expect the money to be found in your account within 1-2 business days.