People who need to make major purchases or cover significant expenses often finance them with a loan. When selecting a suitable lender, borrowers don’t just turn to their regular bank; they also compare options online. This comparison usually leads to ING-DiBa, a direct bank that offers loans at favorable interest rates. Those who have looked into the internet and direct banks know that these financial institutions often have better terms than the local bank around the corner.
Affordable Loans from a Direct Bank
Direct banks do not have branches. This eliminates costs for rent, staff, and similar expenses. They pass these savings on to customers in the form of higher interest rates on savings accounts and lower interest rates on loans. ING-DiBa operates in the same way and offers loans starting at an effective annual interest rate of 4.5 percent. To obtain a loan, the borrower must first meet certain requirements. Applicants must
- be at least 18 years old,
- have their primary residence in Austria and
- maintain a checking account in Austria, as well as
- be employed in a non-independent employment relationship.
The borrower is no longer in the probationary period with their employer but is employed under a permanent contract. In addition, the borrower’s income and expenses must be in a reasonable balance. This means that the difference between income and expenses must allow for sufficient financial flexibility to cover the loan payments.
On-Demand Loans from ING-DiBa
Loans with flexible disbursement are an interesting option. ING-DiBa offers these loans, which applicants can apply for at currently low interest rates, with disbursement scheduled for a specific future date. Austrian citizens who need money can apply for an online loan at www.ing-diba.at/kredit. This could be a loan for a car or new home furnishings, which the borrower can pay for in cash using the loan proceeds. As a rule, the borrower receives a discount for paying in cash, from which they benefit.
The applicant can set up the call loan up to three months in advance. In addition, the applicant can draw down the loan at any time within those three months. In addition to loans, ING-DiBa offers investment products that are profitable for investors thanks to their attractive interest rates. A knowledgeable team is available to assist customers with questions about loans and investment products. Austrian citizens can access advice and service around the clock by calling a toll-free number. Anyone with an account at ING-DiBa appreciates this service.
