Easycredit or Creditplus? Instant loan comparison

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The dear money, a term, which accompanies mankind a whole life long, some have simply too much of it, whereas others often do not know, how the next purchases are to be settled. It lacks at all corners and edges, an unforeseeable expensive car repair, compellingly necessary new acquisition of a washing machine or even new acquisition of a used vehicle are only some reasons around itself after a suitable credit offerer to look around. Instant credit is called the solution word and straight within this range two products particularly distinguished themselves, but which of these two is the better alternative, Easycredit or Creditplus? Interested parties can find out more about the two options and the associated special features, conditions and differences in the further course of this instant loan comparison.

Things to know about instant credit – it is important to pay attention to this!

Taking out an installment loan, regardless of whether it is an instant loan or an ordinary loan, is also associated with some important criteria that should be taken into account by the borrower (interested party). The most important special features include processing fees charged by the provider, corresponding unscheduled repayment options and associated residual debt insurance.

An instant loan comparison sheds light on the situation, because for a layman, any clauses or special features are not always apparent at first glance. Therefore, it makes sense to take the corresponding offers in more detail under the microscope, whereby comparison tables should not be blindly trusted, but every last detail such as accruing interest, possible terms and early unscheduled repayments are taken into consideration.

Easycredit or Creditplus – differences, similarities and peculiarities!

So that interested parties can get a more detailed picture of both products, both Easycredit and Creditplus are presented in somewhat more detail in the following sections.

Easycredit

The Easycredit Sofortkredit* is a product of the Nuremberg TeamBank AG, which is part of the cooperative financial group Volksbanken Raiffeisenbanken. The possibilities to conclude such an Easycredit range from a simple and quick online conclusion to an application in one of the numerous Easycredit stores. Furthermore, it is also possible to take out such a loan in a branch of the Volksbank or Raiffeisenbank.

The conditions at a glance:

  • Interested parties can choose from flexible terms of between 12 and 84 months.
  • An extension to a term of 90 months is certainly possible under certain conditions.
  • The credit limit ranges between 1.000 and 75.000,- Euro.
  • An annual free unscheduled repayment of 500, – Euro is included.
  • Early complete redemption incurs additional costs.
  • A reduction of the agreed installment payment as well as a two-month suspension of the installment are possible in difficult times.
  • Easycredit offers all interested parties a so-called online instant decision with an approval or rejection of the credit request.

Creditplus

The Creditplus Bank with head office in Stuttgart is today one of the most important banks in the area of installment credits at all, because as a part of the French Credit Agricole group Creditplus has at present 16 branches within Germany. Already in 1997, the first online installment loan* was granted, which makes Creditplus today without a doubt one of the pioneers in this field. It is not for nothing that Creditplus was awarded the title of the best specialized bank for instant loans in 2011.

The conditions at a glance:

  • Creditplus offers interested parties terms of between 12 and 84 months at particularly favorable conditions.
  • The possible credit limit ranges from 500,- to 70.000,- Euro.
  • The loan application itself is completely free of charge for interested parties.
  • Online loan application is done in five steps and takes only a few minutes to complete.
  • A credit granting with negative Schufa information is not possible.

Conclusion to the instant credit comparison Easycredit or Creditplus

Both products provide interested parties with an alternative for making the necessary purchases by means of an installment loan. Both Easycredit and Creditplus offer almost similar conditions for the possible credit limit, the terms and the application process. However, interested parties with a negative Schufa have the provider Creditplus no chance at all to get such an installment loan, whereas Easycredit a negative Schufa information is not necessarily considered an obstacle.

My personal tendency goes in the direction of Easycredit, because possibilities of an annual free special repayment over 500, – euro, suspension or reduction of the rate payments in difficult times are arguments enough, in order to grant this product the priority. For prospective customers with positive Schufa I can recommend however both products, but the final decision is not in my hand, but with the prospective customer itself. Alternative offers are also available from Targobank or Postbank.