We all have a general idea of ​​loans and interest. Isn't it?

Whether it is necessary to take loans and why - we will not discuss here, situations are different.

Here we will tell you what banks in Germany are looking at, and what can serve as a refusal to issue a loan.

And also about MAXIMUM LOAN AMOUNT и LOAN OBTAINING PROCESS

Each bank has its own requirements and they may differ.

But there are basic basic points.

Most likely, you will not receive a loan if:

– have lived in Germany for less than 2 years and have changed jobs
– yours SCHUFA rating less than 90%
– statements for recent months contain Inkasso claims (debt write-offs by collection agencies)
– write-offs in excess of the required overdraft amount (Dispo)
– in the statement for the last months there are several refunds for goods
– you receive benefits, incl. ALG

WHAT IS THE MAXIMUM AMOUNT OF CONSUMER LOAN YOU CAN COUNT ON?

Let us repeat that each bank has its own requirements and they may differ. And this article shows an average approach, for a general understanding of the principle of calculating the amount.

LOAN OBTAINING PROCESS

The process is not very different from any other procedure in Germany, such as obtaining an EC-Card. Which EC-Card to choose, read a separate article.

1. Choose a bank that meets your loan requirements:

- amount of credit

- credit term

– loan interest rate

You can choose either through a specialist or at one of the sites* aggregators

2. Request the required list of documents and applications. Fill in and sign the applications.

Most often, this list will include the following documents:

– Certificate of income for the last 2-3 months

- Account statement

– Aufenthaltskarte

 

May also require: 

  • Work contract

  • Copy of current registration (Meldebescheinigeung)

3. Go through Online-identification or at a branch, including mail.

4. Wait for the final decision on the loan and receipt of the requested amount to your account.

Still have questions?  Write us and we will answer you in detail.

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