Payday Advance Online -Sinatybf.Com / Mon, 16 Dec 2019 20:06:33 +0000 en-US hourly 1 FGTS Loan Withdrawal: How It Works /fgts-loan-withdrawal-how-it-works/ Mon, 16 Dec 2019 20:06:33 +0000 Continue Reading]]> The Federal Government is preparing to release the withdrawal form of the Severance Pay Fund. This time the proposal is to allow the withdrawal of FGTS for loan repayment . Let’s explain how this will work and what the rules of this serve will be.


FGTS withdrawal for loan repayment

FGTS withdrawal for loan repayment

In order to stimulate consumption and move the economy, the government is preparing to release the FGTS withdrawal for loan repayment. The Provisional Measure that should allow this is already ready and will give the possibility of withdrawing resources to workers who resign and have a payroll loan to pay.

The proposal will also include in the withdrawal rules of FGTS workers who are dismissed for just cause, which is not allowed by law today. In addition, the rule should also include those employers who resign with their employers within the new form of dismissal included in the labor reform coming into force in November.

According to MP’s draft, the withdrawal of FGTS for loan repayment will be limited to 10% of the workers’ linked account balance. In addition, it will be authorized only in operations where the FGTS is given as collateral for the payroll loan.

According to budget data, over the next four years withdrawals from the Guarantee Fund for Service Time should exceed the inflows by $56 billion. It is noteworthy that the account does not consider, however, the new form of withdrawal created to stimulate the country’s economy.

The measure carries fears from members of the FGTS Board of Trustees, who fear the stimulus of fraud with the new possibility of withdrawal of FGTS for loan repayment. The fear is that consumers will pay the payroll and resign shortly thereafter, only to withdraw money from the Fund.

In addition, there is some doubt as to whether this withdrawal permit will really help the economy considering the low withdrawal limit.


FGTS as payroll loan guarantee

FGTS as payroll loan guarantee

In July 2016, a law had already been enacted that authorized the use of the FGTS as collateral for the resulting loan. However, it did not have the expected result as there was no interest from the banking institutions.

Within the possibility of using the FGTS as a loan guarantee, banks can only receive the money when the worker is dismissed without cause, being the limit equivalent to 10% of the account balance and the integrity of the fine of 40%. In addition, the FGTS-secured loan had an interest rate cap of 3.5% per month, considered low by the financial sector.

Online payday advance loan -View our payday advance online lenders now /small-loans-bad-credit-instant-decision/ /small-loans-bad-credit-instant-decision/#respond Thu, 03 Oct 2019 11:00:25 +0000 Continue Reading]]> View our payday advance online lenders now

Business loans offered by commercial banks to the private sector are increasingly requested and granted.

The disadvantage is that this happens only with the large business sector, while financing for SMEs has a bit more impediments and requests.

This shows that the main objective of the financial reform has not been achieved and reveals a need to generate inclusive growth, one of the main objectives of the Sherlock Holmes company.

We are interested in making SMEs in Weatherspoon have the same opportunities to grow their business in the hands of the country’s economy, with the support of business loans.

To improve the economic environment for small and medium businesses, companies must be given all the tools to improve their competitiveness, increase their sales and consolidate their profitability.

All this without forgetting such important aspects as the cost of financing, guarantees and the willingness of banks to attend to SMEs.

Business credit provided to large corporations has grown 20% annually, while the one directed to SMEs decreased by 0.9% per year.

Sherlock is a company with the vision of giving these entrepreneurs the opportunity to grow their business with the support that suits their needs and possibilities.

The large difference in these percentages confirms the stretch that must be traveled to make one of the purposes of the financial reform a reality: consistently raising credit to small and medium-sized companies.

We bet on SMEs that have the potential to develop enormously.

The area of ‚Äč‚Äčopportunity for these companies who offer more jobs and are the best option to boost the closure of the regional development gap in the country is very large.

If you are looking for financing for your company and want to get your loan as soon as possible, Sherlock is an excellent option. We approve your loan in less than 24 hours.

Fill out the online payday advance application to today and get your money in a few days.

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Credit check – what consumers need to know. /credit-check-what-consumers-need-to-know/ /credit-check-what-consumers-need-to-know/#respond Sat, 28 Sep 2019 13:30:10 +0000 Continue Reading]]>

Requirements for the use of a loan are a statutory minimum age of 18 years, a permanent residence in Germany, a German bank account and regular income and a corresponding credit rating.

But what exactly does the term “credit rating” stand for? Why is a credit check performed before the loan is granted? And what does the credit bureau have to do with it? Answers to these questions are provided by our guide.

What does the term “credit rating” mean?

What does the term "credit rating" mean?

The creditworthiness of a borrower plays a crucial role in lending. The term credit rating describes the ability of the potential borrower to be able to and fully meet the payment obligations arising from the loan on time and in full.

Since lenders want to ensure that the borrower can fulfill their obligations before lending, a credit check is performed before the contract is concluded. To do this, borrowers need to give the lender insight into their financial situation and then have them rated. Credit checks are not just about taking out a loan. The solvency of the customer is also checked when concluding insurance policies, mobile phone contracts, leases or transactions with online retailers.

The result of this credit check is a so-called score value, which is stated in percentages or points. The higher the score, the higher the creditworthiness of the borrower. And the greater the likelihood that he will get a loan.

Many banks also offer loans with credit-based interest rates. This means that the better the creditworthiness of the bank customer, the better the conditions if he wants to take out a loan.

However, in our comparison of personal loans, you will also find some banks that offer loans with non-credit-standing interest rates. This way, borrowers know from the start what the costs are. These loans can be recognized by the word “fixed interest rate” below the interest rate.

Although the fixed interest rate is usually slightly above the best possible interest rate of the loans with credit-dependent conditions. For this, customers can not be sure when it comes to the credit-based interest rates whether they really have to receive this premium or not have to expect significantly higher interest rates.

Expiry of a credit check

Expiry of a credit check

Once the borrower has chosen a bank and a particular loan, the credit check begins on the application form. After the banker has determined the amount and duration of the loan, personal data and financial circumstances are requested.

The credit-worthy data includes:

  • Income of the borrower
  • Security of employment (officials are better rated than freelancers)
  • Marital status, number of dependent children
  • Residential situation (residential property is better rated as rent)
  • Existing financial obligations
  • Property / assets of the borrower
  • Depositable securities

In terms of income, wealth, property and collateral, the principle is: the more, the better. Of course, the more a borrower earns, the higher the likelihood that he will be able to repay a loan. Therefore, it is recommended for couples to apply for a loan together if both spouses are working.

Together, they can throw a much higher income in the credit check into the balance than one negotiate alone and thus better conditions.

Property (eg home ownership) and collateral (eg life insurance) serve as a pledge to the banks should defaults occur. For example, since a homeowner still has recoverable assets in the event of financial difficulties, his credit rating is better than that of a renter.

As a result, interest rates on mortgage loans are generally much cheaper than for commercial mortgages, as the bank has high-security property to finance. An overview of the current conditions offers our comparison of mortgage lenders.

On the other hand, children have a rather negative impact on the creditworthiness of the borrower. they simply cost money, and that sometimes unexpectedly. Even existing loans are at the expense of the credit rating and make it difficult to obtain another loan.

Many banks have developed in-house scoring systems that assess the creditworthiness of borrowers. The credit check is now fully automatic for most banks and only takes a few moments. This way, customers often find out after a few minutes, whether they can get a loan.

In addition, all German banks work together with the credit bureau. With this they get an information as it is ordered to the solvency and creditworthiness of the customer. Only after a successful credit check and credit bureau information will be decided on the award and terms of the loan.

Who or what is the credit bureau?

Who or what is the Schufa?

The credit bureau (protection association for general credit protection) Holding AG is Germany’s largest private credit agency. Their task is to provide partners with information on the creditworthiness of third parties. credit bureau’s database contains nearly 864 million individual data on 67.5 million natural persons and 5.3 million companies (as of 2018).

Who wants to take out a loan, can not help but, that the lending bank obtains information from the credit bureau. The following data of the borrower are stored in the database:

  • Contact details of the borrower (including name, age, address, moving behavior)
  • Type, subject and conditions of the respective business (inter alia loan agreements with duration and amount, opening of accounts, credit cards)
  • Different payment behavior
  • Misuse of accounts / credit cards
  • Information from public directories (including affidavits, opening of insolvency proceedings)
  • Inquiries (eg condition requests for bank loans)

The amount of the income and the account balance are not saved. All other information is not stored forever, but only for a specific time. Requests for financial products will be removed from the database after twelve months, and repaid loans after three years.

A negative credit bureau entry almost always means the end of the loan. Most banks deny customers a loan if the credit bureau score is insufficient. An exception are the providers of loans without credit bureau.

These offer forgiven their loans exclusively on the basis of their own credit check. In our comparison, you can see which providers are available for loans without credit bureau and which interest rates are currently common on the market.

Get credit bureau information

Get Schufa information

According to the Federal Data Protection Act, every person has the right to request information about the stored data. Once a year, your own data may be requested free of charge. Each additional inspection is subject to a charge.

credit bureau offers the opportunity to obtain information about its own credit rating via the meinecredit portal. In addition, various, paid service packages are offered. The basic functions include automatic notifications by e-mail or SMS, should changes or queries be made by contractual partners of the credit bureau.

What does my score value mean at credit bureau?

credit bureau assigns you a score based on your data. This is between 0 percent and 100 percent and describes the probability that the loan will be repaid on schedule.

Characteristics of larger groups of people are also transferred to individuals. So it can happen that borrowers with a very low risk of default are considered to be worse off if they live in a socially depressed area – whose inhabitants are sometimes unable to repay bills.

The following table shows the individual risk groups and the respective score value assigned to them. As you can see, the risk of default is already elevated with a score of 94 percent.

Score value probability of default
greater than 97.5% Very low risk
95% – 97.5% Low to manageable risk
90% – 95% Satisfactory to increased risk
80% – 90% Significantly increased to high risk
50% – 80% Very high risk
less than 50% Very critical risk

What to do about wrong credit bureau?

What to do about wrong Schufa?

Erroneous entries can have serious consequences, especially if borrowers need credit and they are unjustifiably not or significantly worse off. The most frequent source of errors are already repaid claims that were not deleted in time from the database.

The Federal Data Protection Act guarantees the right to correct incorrect data. Often enough a letter to “credit bureau, Holding AG, Consumer Service Center Hannover, PO Box 56 40, 30056 Hannover”, in which you draw attention to the erroneous entries.

In this case, credit bureau will review the complaint and then correct or update the data. If there are still issues after the data has been checked, you should contact the credit bureau Ombudsman or a lawyer.

What should I look for in the loan request?

What should I look for in the loan request?

First, make sure that you choose the right loan for your financing needs. As mentioned earlier in the text, for example, banks offer special mortgages or car loans.

Although these are earmarked, but cheaper than personal loans. This is because the property to be financed or the vehicle to be financed serves as collateral for the bank. This has a positive effect on the credit rating and ensures more favorable interest rates.

Familiar with us on board can also have a positive effect on the loan rate. If, for example, your spouse brings an income of their own or vouches for the repayment of the loan, this will have a positive effect on your credit rating and give you better conditions.

Also, be aware of the difference between condition request and loan request. The query of the conditions is anonymous and has only informative character for the borrower. The loan request, on the other hand, has an official and binding character.

With the loan request, the bank already carries out a credit check and collects credit bureau information. The loan request is stored in your credit bureau data for one year and can be viewed by other banks for ten days.So, if you ask several banks for credit inquiries to choose the cheapest deal, keep in mind: every request leaves a footprint in your credit bureau and worsens your credit bureau score. This makes it harder to get a loan on good terms!

To prevent this from happening, you should first use our credit comparisons, whether you need a personal loan, a home loan or a special loan. Enter different loan amounts and maturities to find the cheapest provider.

In addition, request non-binding offers and make anonymous condition inquiries to gain a comprehensive overview of the current market situation. Once you have found the lender of your choice, start the loan request.

You can find more information about exciting topics from the world of credit in our advisory section

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Senior credit from where? /senior-credit-from-where/ /senior-credit-from-where/#respond Wed, 25 Sep 2019 13:50:54 +0000 Continue Reading]]>

Where do you get as a retiree quickly a senior loan with immediate commitment?

Where do you get as a retiree quickly a senior loan with immediate commitment?

Pensioners have big problems getting a loan from the bank. The financial institutions set a certain age limit, which can be the 62nd, 65th or 67th year of life, there are the most varied variants. After the age of 70, a retiree probably would not get a loan from any German bank or savings bank. Even younger seniors are urged to expensive credit default insurance, if they get the desired loan.

Loans for pensioners: age discrimination or justified concern of the banks?

The state pension, which ends up in the pensioner’s account every month, actually makes senior citizens good repayers of a senior loan. But why is the loan application then rejected by the bank? The question of whether this borders on age discrimination is being raised by consumer advocates and some politicians. But this question is idle, because the banks are like any business enterprise in the acceptance of their customers free and do not justify a rejection. If you ask them, they will refer to the increased care and death risk of the older clientele. The fact that the target group often has good reserves that they simply do not want to attack because of a small financing also plays no role in the discussion. It remains with the overwhelming flat rejection of credit applicants from a certain age limit, which sets each financial institution for themselves.

Financing Senior Citizens on a P2P Portal – Borrow Money from Private Individuals

Financing Senior Citizens on a P2P Portal - Borrow Money from Private Individuals

However, retirees do not necessarily have to go to the bank to take out a loan. Since the 2000s, the Internet economy has performed well, producing some notable innovations that affect the banking industry as well. Meanwhile, there are so-called P2P portals for private lending, which are called smava , auxmoney and lendico : private investors give a loan to private borrowers. In this case, not one person has to lend the entire money to another person; rather, quite a few investors invest in a loan. If the loan request of the pensioner, for example, be 5,000 euros, maybe ten investors could each provide around 500 euros. This money flows into a pool that the P2P portal manages with the help of a German bank and pays out to the borrower as a total loan. The repayment in installments runs in the same way. The bank also creates technical and legal security. Borrowers and borrowers agree on interest rates: The borrower offers an interest rate online and can adjust it for 14 days, which means offering a little more if there are not enough investors. The procedure can be aborted at any time. It has the great advantage that the borrower is not dependent on the individual decision of a bank adviser. Experience shows that modern lending works quite well this way. If a senior needs help with the technical details, he might be able to address children, grandchildren, or younger acquaintances.

Senior loans and pension loans to credit intermediaries and other financial service providers

Senior loans and pension loans to credit intermediaries and other financial service providers

Who gives money to pensioners? Where is there a senior credit without age limit?

Retirees, senior citizens and pensioners can also apply to reputable credit intermediaries who specialize in senior loans. At the following loan provider for retirees , the loan application form is reached with just a few mouse clicks. The loan request is free for pensioners. If there is a loan commitment, at home you can look at the credit intermediary’s files and decide on the loan offer “for” or “against”.

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Microcredit as start-up aid for business start-ups | Business loan /microcredit-as-start-up-aid-for-business-start-ups-business-loan/ /microcredit-as-start-up-aid-for-business-start-ups-business-loan/#respond Sat, 21 Sep 2019 13:59:31 +0000 Continue Reading]]>

What is a microcredit?

Microcredit is a small loan that can be used to start a business. The difference to a normal business start-up loan is that micro amounts can be lent to microcredit. A maximum of 25000 euros can be granted, which must be repaid over a certain period.

What advantages does a microcredit have?

What advantages does a microcredit have?

The benefits of microcredit lie in the fact that even small amounts can be borrowed easily. While this is unlikely to be profitable for the bank when it lends a start-up loan, and often rejects this type of application, the potential microcredit founder is finding a good alternative to putting his ideas into action. The loan transaction is carried out by so-called microfinance institutions. The respective institute is also the contact person while the loan is being paid off.

Another advantage lies in the unbureaucratic allocation of microcredits. As a rule, only a few days pass from application to payment of the loan. On the other hand, the processing time of a normal loan takes up a lot of time, causing delays for the founder.

The microcredit appeals above all to small and young companies, whose possibilities are limited to a conventional loan with the bank. A particular focus of microcredit lending is to people with a migrant background and women who want to start a business. However, since ultimately no group of people is excluded, the chances are good to get support for their own business ideas.
Due to the fact that the repayment of the loan can be adapted to its own possibilities, the loan is very flexible for the borrower.

The disadvantages of microcredit microcredit

The disadvantages of microcredit microcredit

Microcredit provided an opportunity to promote self-employment. Nonetheless, interest rates are not necessarily cheaper than traditional loans. Furthermore, there are now many credit intermediaries in the market whose consultations are not audited. Whether a reasonable quality is available, therefore remains an open question. The maximum term of microcredits is very short with up to four years. This is often not enough to gain a foothold in self-employment. Furthermore, often small guarantees or references from the private and business sector are required for the award.

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Current Account Loan – the Dispo for Consumers and Companies | What is a current account credit (definition)? /current-account-loan-the-dispo-for-consumers-and-companies-what-is-a-current-account-credit-definition/ /current-account-loan-the-dispo-for-consumers-and-companies-what-is-a-current-account-credit-definition/#respond Thu, 29 Aug 2019 13:57:26 +0000 Continue Reading]]>

The term “current account credit” used to stand for what is today known as a disposition for private persons and working capital loan for companies. The name is derived from the current account. An older name that has been replaced for many years by the term “checking account”.

Important information

  • A current account overdraft is an overdraft facility on the checking account.
  • There are overdrafts for individuals and for companies, as so-called working capital loans.
  • These disposables are comparatively expensive, but the borrower benefits from a high level of flexibility.
  • An alternative is credit.

What is a bank overdraft?

What is a bank overdraft?

The current account overdraft is a classic overdraft facility. In contrast to a normal loan, the amount of money is not posted to a specific credit account, but the bank allows for the uncomplicated overdraft of the account, if regular cash receipts are to be expected. The current account credit is thus used for short-term financing.

 The current account credit is the discretionary credit for self-employed persons and companies. How it works and how it works is shown by our infographic.



The characteristics of this loan must be differentiated between private account holders and companies. Individuals are usually given informal charges, depending on their monthly income. There is no separate credit agreement for this.

This is only used for private households if there are special features, such as the amount of the loan or possible collateral. Since there is no credit agreement, the bank can revoke the credit at any time partially or completely with a certain lead time.

Somewhat different, since the order of magnitude high volume, it is in a current account overdraft for companies. Working capital loans are used, for example, for the purchase of raw materials or goods or to bridge seasonal revenue gaps.

This form of overdraft usually requires a loan agreement and the provision of collateral security by the entrepreneur. The loan agreement may also include a possible term or maturity of the loan.

Calculate and compare loans for self-employed and freelancers now

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Why so expensive?

Why so expensive?

Again and again banks are caught in the crossfire of criticism by the consumer advocates. They complain that overdraft rates are overstated. However, account must also be taken of the following when calculating the interest: Overdraft facilities are not fixed loans but represent the option of spontaneously overdrawing the account.

For the banks, this means that theoretically they would have to provide so much liquidity around the clock that any holder of an overdraft account can use it at any time in full.

Now there are statistical empirical values, how high the exhaustion of the credit lines with the entire customer fails, so that not the entire volume must be available. Nevertheless, overdraft facilities for banks represent a loan option that limits their liquidity and thus incurs costs.

The interest calculation is always made only on the amount that was actually used as an overdraft. The interest will be charged to the customer in most cases at the end of the quarter.

Comparison with other types of financing

Comparison with other types of financing

For example, suppose a private individual uses a dispo of 5,000 euros over one year. The interest rate is twelve percent per year. The cost of this current account credit therefore expires at 600 euros.

Significantly cheaper would be compared to a personal loan. As of March 2017, the interest expense amounts to around 60 euros for one year. In addition, the loan was replaced.

At the end of the year, the debit balance of 5,000 euros is still open. If the disposition were to be amortized over the year, the total interest would be 331 euros, five times that amount.

As an alternative to current account credit, companies offer factoring, ie the sale of receivables. The differences make this table clear:

Which alternatives are there?

Which alternatives are there?

Who wants to finance an asset, is definitely served with a classic installment loan at the best. The reason is the level of interest rates, which are the lowest for a installment loan. If it concerns the financing of a car, the car buyers save themselves again with a special car loan at the interest.

About two years ago, the German government demanded that banks offer their customers, who permanently overdue their accounts, more cost-effective solutions. These are certainly true, albeit with lower margins for the institutions.

First of all, the framework loan offers itself. The bank provides the customer with a credit line on a subaccount. In contrast to the Dispo, there is a credit agreement for this. This regulates, for example, what percentage of the utilized credit line the customer has to return every month.

Interest, as with overdraft, only accrues to the amount the account holder uses. The interest on a credit line is between the interest on an installment loan and the overdraft.

The alternative to the bank

The alternative to the bank

Those who do not necessarily want to go to a bank can provide themselves with liquidity through special credit marketplaces. These private-to-personal lending portals allow lending to private investors.

The interest rate is based on the creditworthiness of the borrower. However, it should be noted that these credit platforms also conduct a credit check. However, unlike banks, even people with a weaker credit rating have the option of obtaining a loan.

However, those who now believe that such credit marketplaces are mainly used by consumers with poor credit ratings are mistaken. They are predominantly borrowers, who are “served” by the classical banks.

Private lending is not just for private individuals. As an alternative to working capital loans, there are platforms that provide loans to commercial users. Here are other orders of magnitude, up to the million range, possible. The funders are professional investors and private individuals.


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What kinds of loans are there and what do they differ? /what-kinds-of-loans-are-there-and-what-do-they-differ/ /what-kinds-of-loans-are-there-and-what-do-they-differ/#respond Sun, 11 Aug 2019 13:36:30 +0000 Continue Reading]]>

Every consumer knows about credit, but what is the difference between a dispo and a credit line? Why is an Loananche loan, even if no money flows? Who can lend? We want to answer these questions in this article and bring structure into the lending business. But first of all we answer the question: What is a loan anyway?

What is a loan?

What is a loan?

A loan is the transfer of money by the lender to the borrower. Under the loan agreement, the lender is even obliged to disburse the loan (1).

Typically, the borrower pays the lender an interest rate for the duration of the loan. Depending on the type of loan, the interest rate is fixed for the entire term (fixed borrowing rate), but can also fluctuate (variable interest rate).

The borrower undertakes, in accordance with the loan agreement, to repay the loan annuity, ie to repay every month plus interest or repay the loan at the end of the loan term (term loan). During the term, he only pays interest on a term loan to the lender.

The credit agreement also regulates whether collateral is provided and, if so, what is assigned as collateral.

The most important species

The most important species

The disposition credit

Popularly known as Dispo, this loan option enjoys wide popularity among bank customers. There is no classic credit agreement for the disposition or current account credit. The bank grants the customer an overdraft facility. This means that the customer can also make dispositions of his account, if there is no more credit.

The amount of the dispos is based on the amount of the monthly cash receipts and the creditworthiness of the customer. A position of collateral is usually not. If there are indications that the creditworthiness of the customer is deteriorating, the bank may terminate the repayment credit with a “reasonable period”, usually four weeks. An unauthorized account overdraft can make the bank with a period of ten working days due, which is to ask the customer to compensate.

The advantage of a disposition credit lies in the uncomplicated implementation. The customer pays the interest only on the amount claimed. A loan repayment is not agreed. Disadvantages are the above-average interest rates, which are variable. Against this backdrop, consumers should use the PRM only for the short-term bridging of liquidity bottlenecks, not for long-term financing.

The framework credit

The framework loan represents a middle ground between a classic installment loan and a repayment credit.
The customer receives a credit line on a subaccount. If he needs liquidity, he can access the sub-account. Interest only accrues on the loan actually used.

In contrast to a Dispo the framework loan provides however a monthly return of the taken up loan before. This can either be a certain percentage of the loan or a fixed amount agreed in the loan agreement. An underwriting loan may be accompanied by the provision of collateral. In most cases, this is a salary assignment. A fixed repayment term is not planned.

The interest rate is variable, ranging between the interest on a credit line and the interest on a classic installment loan.

The installment loan

The installment loan or even the consumer loan is regarded as a classic consumer finance loan. He is available as a loan at leisure, but is also earmarked, for example, for a vehicle financing, sufficient.

A classic installment loan is characterized by the following points:

  • Fixed debit interest rate over the entire term
  • Duration between 12 and 120 months (depending on the lender)
  • Loan amount usually from 2,000 euros or 3,000 euros
  • Maximum loan amount between 50,000 and 100,000 euros (depending on the lender).
  • With a bank loan collateralization by the salary assignment.

Installment loans are no longer given directly by banks today. Dealer financing in retail has become more and more popular. Of course, in this case, a bank as a backer in the background. Loans from private to private, in which several private investors finance the loan project of a private individual, also count as installment loans.

The interest rate on an installment loan is well below that of an outright loan, but in most cases depends on the creditworthiness of the borrower.

For a installment loan, the written form is mandatory. Pursuant to Section 355 BGB, the borrower has a right of withdrawal within 14 days of the conclusion of the contract (2).

Compare personal loans

Net loan amount in EUR: Running time : 12 months 24 Months 36 months 48 months 60 months 72 months 84 months 96 months 108 months 120 months
Important information

The standard form of installment credit is personal credit, which is generally aimed at consumers. For special purposes and target groups, there are installment loans, for example, as a car loan, civil service loan or self-employed loans.

Small loans

Small-loans are a special variant of loans offered by FinTechs. Small loans are issued only in the amount of 500 euros or 600 euros. Due to the low amount, the repayment is made after four weeks in one tranche or in two installments. The interest rates correspond to those of a disposable, but act in absolute terms because of the short term extremely cheap.

Compare small loans

Net loan amount in EUR: Running time : 12 months 24 Months 36 months 48 months 60 months 72 months 84 months 96 months 108 months 120 months

Real estate loans

Real loans, better known as mortgages or mortgage loans, are used to finance real estate, renovations and refurbishments. Real loans are secured by the registration of a land charge in the land register in favor of the financing bank. If the financing consists of a loan from a mortgage lender and a loan from a universal bank or savings bank, the mortgage lender must always be in the first place of the creditor in the land register.

Compare mortgage lending

Our mortgage calculator helps you to find the best mortgage lending:

Net loan amount: Running time: 5 years ten years 15 years 20 years Mortgage lending: 60% 80% repayment: 1 % 2% 3% 4% 5% 6% 7% 8th % 9% 10% full.



German law states that loans may only be issued to persons of legal age. In addition, in almost all cases, a residence in Germany as well as a bank account with a local institute are a prerequisite. Lending is fundamentally not possible with hard negative Credit bureau characteristics. Hard features include, for example, bankruptcy or arrest warrants.

The conditions for a loan are distinguished between the creditworthiness with the conditions already mentioned and the creditworthiness, ie the examination of whether the bank can lend a loan to the applicant.

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