Importance of Cash & the Cash Loan

Cash means the security of always having money on you and being able to pay with coins and banknotes even in unforeseen situations. Most people therefore usually carry a certain minimum amount in their pocket.

Although EC and credit card payments are now available almost everywhere, they are not accepted everywhere. You can, for example, only buy an ice cream with cash, as well as the daily newspaper. Experts also say you feel better about the money you spend when you have to put it on the table in cash.

If withdrawing cash is not possible because the account is already exhausted, a bridging loan can help.

With a loan from MAXDA you can get an affordable loan from an income of €850. Also, only the most recent payslip is required. Thanks to a large network of banks — including in Switzerland — MAXDA can compare various offers and present you with the cheapest one. Unlike banks, MAXDA acts independently and can thus select the best conditions.

If necessary, we offer loans without Schufa. Even in cases where your bank has refused a loan or an increase to your overdraft, we search for suitable offers.

Use our loan calculator for a quick overview or submit a non-binding and free request directly!

A first overview of the installments depending on the term and amount of the loan can be found with the loan calculator. Binding information on interest rates is calculated after the free request. MAXDA offers cash loans from an effective annual interest rate of 3.99%. This includes interest as well as additional costs. If all necessary documents are available, the loan is paid out within a few days.

Do you need a loan for a car or simply an installment loan? Let our experts advise you which type of loan is most affordable for you as a borrower.

Advantages & Disadvantages of Cash

Paying €500 in one go hurts — with a credit card it hurts much less. Many financial experts therefore recommend paying with cash whenever possible. Cash in the form of banknotes has its advantages: people are reluctant to part with larger amounts, because banknotes convey a sense of value that is directly linked to previous work.

Some vendors also sometimes speculate that card payments will flow more smoothly over the counter and that the customer will spend more.

Another way to keep track without cash is to keep a household budget book. Digital banks sometimes already offer this via their banking app.

It becomes more critical when you carry large sums of cash: it can easily be stolen or lost. Identifying the perpetrator in such cases is often difficult.

For this reason you should really carry only a certain amount of cash each day to cover your needs; otherwise online bank transfers or payment by credit card are actually recommended. A credit card can be blocked immediately if lost — cash cannot.