Without a loan it is not possible for me to carry on my studies . In the first paragraph of this article (above) you’ll find the requirements for a successful loan application in Germany. Company has account in Commerzbank and is run by staff. Each bank in Germany will look at your income and expenditure situation. No, I just want to buy the car from a German dealer. Such a tool you can find here: https://www.deutscheskonto.org/en/loan/comparison-calculator-tool/. Can I apply for a loan with 5000 €? Do I have to have a property there or can I rent one. now, is it possible to get a personal loan in this situation? The most common form of a bank loan is called consumer credit or also instalment credit. Now I have passport for 3 years. Jose. “Train” the Barclaycard ► How to push your credit line to Euros 9,500! ... Deutsche Bank Business Loans come with attractive features: Collateral-free loans … The cost of determining the creditworthiness and the processing is borne by the provider. Your questions are our concern. Do we have a chance to get a loan in this case and if yes, at which bank? I would like to take a personal loan. The problem is my Indian passport expires in 2018 Dec and hence my residence permit is limited to 2018 Dec. In Germany, there are two online platforms through which you can get loans from private persons for private persons. We do not finance things like these (any more)”. Whether a bank grants a loan or not depends on the assessment how probable it is that the loan will be repaid without problems. Hi. Thanks so much. The table above shows essential details of selected consumer loans products offered to retail customers by the banks in Germany: currency, effective rate per annum and loan term in … Loan comparison specifically for car financing! auxmoney is a credit marketplace based in Germany, which we have integrated into N26 Credit in order to be able to offer more customers loans when they need them. The European Investment Bank (EIB) will lend €100 million through Funding Circle, a leading global platform for small business loans. Hello, we are non eu people from Asia living in germany from 4 years working in IT for reputed company. There are three requirements that must be met in order to obtain a loan in Germany: There are several types of loans that we will present at the end of this article. Best of luck with your project. I have a cousin in Germany whos address I can use. I will appreciate the help. I will be staying here for 2 years. Is there any other bank or finance company that can help. Now, I had to quit my old job for a new one because it was to far from my home. Funding is as fast 2 to 3 weeks and can be less. Maybe it would be easier for you to simple keep the old financing. If it did not work with the loan application at your main bank (or if … Hello, I am a retired american that has a pension and would like to purchase a house in Germany. A bank is mainly interested in your income: amount and source. I have the German citizenship and have opened my own company. Start from student assistance dept. Is it possible to get loan without a german address? Apply successfully for a loan in Germany (being an immigrant)!? Sorry, this particular topic is outside the subject area of this web portal. Portal for clever banking in Germany and abroad, Depending on the interest of the readers, we want to report into detail about the various types of loans and show how to apply for and obtain them. What would be the conditions with € 30,000 equity? I would need a loan if my scholarships don’t cover must of my studies and living expenses, thanks and hope for an answer. As the vehicle provides an additional security for the bank, the interest rate is cheaper in most cases. A private loan is always an alternative to bank rigid terms loan. Why TransferWise for international transfers? and also can provide all my details about my regular income, it`s just happen to arrive to a foreign EUR account required by me employer. The least expensive interest rates that banks offer the German auto industry for the selling of new cars are not those you get for importing a used our like-new car from abroad, anyway. Anyone, who has been living in Germany since 5 years and has a permanent employment contract since 3 years, has good conditions for a successful loan application! It can be a clever idea though, to have a second person to back you, because then there is a chance to maybe get a lower interest rate. View Small Business Loans If it does not come from Germany, there are only a few banks eligible for financing. I am planning to buy a car in Germany. Please make sure not to select a longer loan duration than your current permit of residence allows. If I am working in the U.S. (self employed since over 10 yrs) with stable income, German citizen, still have an address of parents in Germany that I am registered with, and would like to buy an apartment in Germany (have 30-40% of down payment), how can I finance the rest? Of course, you can take a loan privately with “Freie Verwendung” (free use) and then use it for the company. thank you. How the short-term loan at Vexcash (Germany’s first and biggest provider of this form of loans) works and to what you should pay attention to in order to have low costs of the loan, we have summarized here: VEXCASH ⇒ Money on the same day! Much thanks for your reply in advance. All you have to do is fill out a 15-minute online application, then Lendio will use your application to match you with the right loans and lenders for your business. The four most important elements of a loan are. Which are they? I have a problem with 3 overdue instalments of the car loan. The DKB is a german bank, which only allocate loans at people who live in Germany. she doesn’t earn much money since she can’t work now. The loan will be no more than €250,000 at a preferential rate of 3% for the first two years. Thank you for all the information you have already provided. We have venture capital ready to support big ideas and enthusiastic people. I am an EU citizen and have been working in Germany for 1 year now and I have an unlimited contract with my employer. Banks in Germany are divided into three separate tiers: private banks, publicly-owned savings banks (Landesbanks), and member-owned credit unions. Online loans in Germany tested and the benefit for you! I am an indian, studying masters in germany. Do you read this article bevor you post your question? Some offer an interest rate depending on the creditworthiness (bonitätsabhängiger Zinssatz). After all, the bank lives from the difference between interest for savings and interest for loans. My gross salary is 2200 Euro per month. I mean, I will not use that money for buying or other financial but just become my proof financial for 1 year in Brussels, I have work too, so actually I can pay my needs by myself, and I have parents in Indonesia, I hope that you can help me, You need a work income from at least 1 month, better 3 or 6 if you want to apply for a loan in Germany. On our special portal you will only find banks, where a loan request won’t have negative consequences. For example, only after 3 months, because of the duration of employment at a German company. As a non-EU citizen, would I be able to get financing against the proven cash flow and, if so, what would be the typical Debt/Equity ratio and Debt Service Coverage ratio that mainstream banks in Germany would be comfortable with. Try, but do not expect too much. The DKB is rather a bank for employees, workers and officers. It is not customary in Germany to award loans for 0%. (no defaults or other loans of course on my credit history in any other countries) Thx. If your desired amount should not be possible, then you will be informed, which amount would be possible. Regards. The premises are in the first passage. Hello! This is good for people with high credit ratings, as they will have to pay less interest rate, however, bad for people with lower credit ratings. At the beginning of May, I received a Euros 5,000 commercial loan from the Sparkasse and on the 31st of May, I bought a new company car for Euros 27,000 (loan at RCI BANQUE S.A.). In Germany, one can distinguish several loan types: We are the editors. If your creditworthiness in Germany is already sufficient, then you will be shown one or several loan offers. You can see the requirements above. I am self-employed since the 1st of October 2018. For more information, contact me in private. Is there any solution of getting loan without co-applicant or guarantor? 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