Not all consumers want to take out a loan from their own bank or another credit institution. It is quite common for the applicant to be able to apply for a loan . This has many advantages for the customer, but the contracts should be read carefully before a contract is signed. At first glance, many offers seem tempting, but those who see the effective annual interest rates will often see that the offer is not as cheap as initially thought.
Application with a credit broker
In order not to have to go abroad yourself in order to be able to apply for the loan , in most cases a credit broker is commissioned. This can be contacted using the Internet, where numerous portals can be found. This not only procures loan offers from different banks, but also helps the customer when applying for the loan.
He sends forms that have to be filled in and is available to advise you on all questions. The customer has to pay for his work. The agency fee is only paid when the loan is concluded. If a credit broker requests his fee in advance, the customer should look for another credit broker. There is often someone behind such a person who only wants to collect the money and is never granted a loan to the customer.
Conditions from foreign banks
The conditions of the foreign banks are very similar to those of the German ones. When applying for a loan , the borrower must first disclose his salary. This must be higher than the seizure allowance, otherwise foreign banks will also reject an application. Whoever will apply for the loan will not be checked with the help of credit score.
The banks do not know credit score at all, so this check will not take place. For this, the last bank statements often have to be submitted and the employment contract is also required in most cases. If there are no occurrences, the customer can apply for a loan . The banks respond to special repayments. In this way, the customer can deduct an additional sum up to a certain interest rate per year and thus repay the loan more quickly.
People who can apply
Not everyone can apply for a loan . Preference is given to people who can demonstrate good creditworthiness. For example, civil servants and employees always have an advantage. For example, unemployed people cannot apply for a loan abroad. You have the unemployment benefit, which cannot be seized by any bank and is therefore not counted as income. The same applies to low earners and trainees who either earn too little or have not yet reached the minimum age of 18.
Pensioners can apply, but only as long as they have not reached the maximum age of 58 to 60 years. Anyone who has exceeded this age can increase their credit chances with a guarantee.
Those who have a secure income above the garnishment allowance and who do not work during the trial period will have the best chance of getting a loan from abroad. These groups of people meet all of the bank’s required requirements.