KfW Instant Loan

Do I need a Penta account to apply for a KfW loan?

In order to be able to apply for the KfW Instant Loan quickly and easily via Penta, you need a Penta account so that the money can be transferred directly t...

Who is Banxware?

Banxware's mission is to make financial services more accessible for German medium-sized companies. As a white-label software provider, Banxware acts c...

Who is the Vereinigte Volksbank Raiffeisenbank eG?

The Vereinigte Volksbank Raiffeisenbank eG is a German cooperative bank based in Michelstadt and our strong banking partner for the brokerage of KfW quick l...

Can I combine the KfW instant loan with other Corona support programs?

You can combine the instant loan with other subsidies, which were granted within the framework of emergency aid programs (incl. "Corona-Überbrückungshi...

Can I repay the loan or parts of it ahead of schedule?

Yes, you can repay parts of the money or the full amount without any prepayment penalty.

Which type of KfW loans are available?

You can apply for the KfW instant loan for freelancers, sole-proprietors or companies with up to 10 employees.

What kind of costs can I cover with the loan?

You can use the loan to cover any costs related to your business activity. This includes investments (e.g. purchases of machines and equipment) as well as y...

What are the conditions of the KfW instant loan?

You can get up to € 300,000 with an interest rate of 3 % p.a. in a term of up to 10 years with 2 years of grace period.

Are there any other costs?

No — the loan application for the KfW Instant Loan through the application process is completely free of charge for you.

Who can apply for the KfW instant loan?

You can apply for the KfW fast loan with a credit line of up to € 300,000 through Penta.  The following requirements must be met for you to be able to a...