The bank consultant can quickly tell you as a professional if and how much credit is possible. A bank ensures that I can increase the monthly installments when calculating how much I can borrow. Above all, the free disposable monthly income must be high enough. They therefore expect an imputed interest rate to ensure that the customer can afford a higher lending rate even after the fixed interest rate has expired. How much personal loan can I get?
How much credit can I have?
The lending business is one of the main tasks of the bank. In addition, mail-order companies grant installment payments to their customers, which from a legal point of view are also loans. This also applies to other special forms such as overdrafts and the use of a card or a call-off loan. In the vernacular, the lending business is mainly a bank loan or a loan granted by a private person by cash payment.
The borrower performs a loan comparison before taking out a loan. They pay attention primarily to the effective annual interest, but also to the credit conditions. Such contracts should be included in the loan agreement as credit customers can not ensure that financial institutions are able to comply with the fair decisions that they have currently taken and that have been praised in audit reports.
For many financial institutions, the amount of the costs also depends on the duration of the loan agreement, so it makes sense to compare loans on different terms. The credit comparisons do not always lead to reliable information on the loan costs, as some credit institutions calculate interest-rate dependent on the credit rating. In this case, you will only receive your loan interest after submission of the loan application or after requesting conditions.
You can revoke the loan application if the fees are too high for you.
Financial institutions grant loans only if they estimate the repayment probability by the borrower as sufficiently high. For this purpose, they check both the creditworthiness with regard to the previous payment behavior, which is represented in a Credit bureau information without negative entries and in the highest possible Credit bureau score, as well as the earnings creditworthiness.
This must be high enough to earn the cost of living and the monthly loan installment. This part of the credit check is also known as the Revenue and Expense Account, where individual banks apply different standards. Some credit institutions do not include them in their accounts, while other financial institutions include them in whole or in part.
If, in addition to your main job, you are a marginal or self-employed person, you should make sure that the credit institution you select takes account of this in your income and expenditure account when applying for credit. Because an online loan is nothing more than a loan that you apply for on the net and not in a branch of the house bank or on the phone.
The law requires that your personal information be reviewed before granting a loan, and you must then perform the Postident procedure. Alternatively, there is the video identification method, which is currently supported by only a few financial institutions. If you apply for a loan on the Internet and the financial institution has a branch in your area, you can also present your ID there.
Some financial institutions provide you with the payment of the credit within 24 hours.
Outside the banking sector, you can obtain credit from private credit agencies via the Internet. The procedure for applying for a loan is similar to that of conventional financial institutions, but private lenders are careful to specify their purpose as accurately as possible, as their lending decision depends on the use of the funds.
You have a good chance of getting loans through the brokerage platforms, even though most credit institutions show your credit rating as the limit.