When it comes to German banking institutions, Postbank is one of the largest and most credible names. The bank has more than 1,000 physical branches and serves nearly 13 million customers.
Postbank offers some really attractive personal loan offerings for its customers. The personal loans from Postbank are easy to obtain, manageable, and reliable, apart from the fact that the bank charges some of the most competitive interest rates on the market.
In this article, we share with you complete information about the personal loan offering of Postbank. Read on to learn more information about the Postbank personal loan.
Loans are often meant to fulfill the fund requirements in the event of an emergency. Be it an urgent journey, or a purchase that you cant postpone, the earlier you get the loan amount in your hands, the better it is.
One of the greatest advantages of the Postbank personal loan is that your loan can be approved at super-fast speed, with minimal formalities and requirements.
The Postbank loans are generally approved within 3 to 5 days from the date of application. However, the bank also offers you an option of express loan approval, which depending upon the situation, can get you an approved loan amount in as less as 3 hours.
Bonuses and Rewards
By availing a personal loan with Postbank, you actually become a recipient of many different rewards, bonuses, and cashback offers, automatically. You are actually being benefitted by availing of a loan. But, that’s the specialty of this loan and almost all Postbank offerings.
Postbank also offers a well-structured internet banking service with it’s personal loan offering, and that too without any additional cost! This internet banking service comes absolutely handy in managing your loan amount, your spendings, and the repayment cycle.
The best part is that being a well-evolved internet banking service, it is absolutely safe and secure to operate your online through Postbank internet banking.
How to Get a Loan
Applying for a personal loan with Postbank is actually very simple. You can follow the following three steps to complete your Postbank personal loan application.
Visit the Postbank official website for personal loan application. If you are an existing Postbank customer, you can proceed with your unique ID. However, if you are a first time customer, you will have to first generate your ID on the Postbank portal.
Enter the basic information and data including personal, occupational, and financial details, as required in the application. Submit the loan application and wait before a decision is communicated to you with 3-5 working days.
Interest Rates and Fees
If you are hoping to get a personal loan, then Postbank may be something to consider. Make sure to look at the fees and rates that accompany the loan below.
- Net loan amount: € 3,000 – € 50,000
- Amount of the installments: € 40 – € 4,318
- Effective interest rate: 1.55% – 6.99%
- Total amount: € 3,025 – € 62,894
- Duration in months / number of installments: 12-84
- Fixed borrowing rate p.a.: 1.53% – 6.77%
If you would like to get in contact with a Postbank representative, you can reach them by calling 0228-5500-5533. Postbank’s mailing address is Friedrich-Ebert Allee 114-126, 53113 Bonn.
The Bottom Line
Postbank’s personal loan is a good option if you need a reliable loan at the earliest. It’s easy to get, costs you less, and comes with a host of features and benefits.
Note: There are risks involved when applying for and availing of a loan. Consult the bank’s terms and conditions page for more information.