Getting credit – what are the requirements?

You usually get a loan from the bank. To do this, fill out a loan application and submit it to a bank of your choice. In order to receive the cheapest possible loan offer, it is worth comparing several offers in advance. The submitted documents will then be checked. It is important for the bank that the applicant can repay the money within a reasonable period of time. For this reason, creditworthiness and creditworthiness are particularly closely examined. Anyone who has a good income, is debt-free and has no negative Schufa entry has nothing to fear. The risk for the bank is very low in this case, so that nothing stands in the way of lending. You should only be at least 18 years old and have both a home address and a bank account.

However, if you are not quite as liquid, it will be more difficult. However, most people get a loan even if the conditions are not quite optimal. The bank then only needs more collateral that is deposited in order to minimize the risk for you. Collateral includes works of art, cars or houses, i.e. assets that lose as little value as possible during their term. As a rule of thumb, the higher the loan amount, the more collateral is required. The bank is trying to keep the risks low. But even with poor creditworthiness, it is not impossible to get a loan. Here we give you tips on how to increase your chances.

Getting credit depends on your income

Income plays an important role in getting a loan. The bank determines the amount of a loan that is approved based on income. Permanent employment and completion of the trial period in the company favors that you get a loan. Before you apply for a loan, check how much of your income you can invest in a loan. After all, it is not advisable to get a loan to be able to afford a new TV or a remodeling, but gnawing at it. In addition, do not make too few calculations so that you do not immediately run into financial constraints in the event of unexpected events.

Get credit: what to do with low income?

If you don’t get a loan, it may be due to your low income. The bank then fears that the installment payments will fail and that they will not see their money again. We’ll show you a few things you can tweak to get a loan.

1. Extend the term: If you do not get a loan, you can extend the term of your real estate loan. This reduces the monthly charge because the repayment is spread over several months. Remember that this also increases the interest costs.
2. Reduce loan amount: Those who borrow less have to pay back less. Reduce your loan amount if possible. It will be easier for you to get a loan.
3. Compare offers: It is worth comparing conditions for loans. Get several offers and compare them. A few tenths of a percent can save interest. Please note that the conditions such as term, monthly rate and extras such as special repayments should be the same.
4. Determine guarantor: A guarantor is a person who is solvent and serves as security for the bank in the event of a default. If at some point you are no longer able to pay your monthly installments, the guarantor steps in. So you are both responsible for the loan and make sure that the repayment is made on time and in full. It does not matter who the actual contract holder is who got the loan. Parents, children or friends can act as guarantors, but also life partners and spouses. Propose a guarantor to the bank to get a loan if the loan is 18 years old and has a good credit rating.

If you don’t get a loan right away, it doesn’t mean it’s completely impossible. With the points listed there is still a chance of a positive credit outcome. It is best to speak to your bank or a neutral financial service provider like in size to provide tailor-made financing.

Are you a homeowner or a homeowner with heavy monthly mortgage payments? Redeeming credit will help you reduce your monthly payments. The purchase of homeowner credit has advantages: reduced rates and larger bank agreements.

How to prepare a repurchase of credit for owner?

As a first step, you have to calculate your borrowing capacity. You add up all of your perennial income. If your credit charges exceed 40% of these revenues, your debt is excessive because it is over 40%.

The purpose of a credit consolidation is to reduce the debt below 40% of your income through a buy-back to get a single consumer loan.

By showing your monthly payments, your income, the simulation of credit redemption will indicate your current debt.

The purchase of credit for owner without mortgage

The purchase of consumer credit can reach up to USD 200,000 for a maximum of 180 months, under certain conditions, without mortgage on your house. On newpret.com, the Credit Redemption Simulator will offer a redemption simulation.

It is quite easy to make a credit redemption online by gathering your documents: last 3 payslips and the one from December of the previous year, the last 3 bank statements and all of your loans.

In a homeowner credit redemption, you can of course keep your current home loan. It is not always interesting to take it back. But sometimes, it is not possible to do otherwise.

The purchase of credit for owner with mortgage

When you have done a credit simulation and then your credit redemption request, it turns out that the duration of your loan redemption must be extended to meet the maximum debt. At that time, a mortgage on your house is required to secure the loan. This is a guarantee that you give to the bank and in exchange, you get a loan buy at a better rate and a loan duration of up to 35 years maximum.

Newpret.com does not recommend credit redemption companies that offer variable rates. It is wise to choose only fixed rates for your financial security. Once you have redeemed your credit simulation, you still need to gather the documents to obtain an online credit, the answer adapted to your needs. We are listening to you.

You need a credit redemption with cash but you want to see a loan repayment simulation before. In fact, when an early repayment of a home loan, 3% of the repaid capital is due to the bank in prepayment penalties. Other fees are added to the loan application.

Get a credit redemption simulation

You want to collect all your credits (mortgage, consumer loans, personal loans, money reserves and overdraft). On the amortization table of the various loans, you will raise the remaining capital due after the last monthly payment.

For home loans and work loans

It will be necessary to add to this amount (capital remaining due after the last due date) a prepayment penalty of 3%. It is limited to 6 months of interest but as a precaution, we always retain 3% in the simulation.

For consumer credits

It will be necessary to add 1% to the outstanding capital only if the amount to be refunded is greater than 10 000 USD (reduced to 0.5% if the credit ends in less than 12 months). For money reserves also called revolving, there is no prepayment penalty regardless of the amount.

Once the amounts shown in the simulator, the loan repayment simulation is displayed indicating: the amount borrowed including the fees, the new monthly payment and the rate.

The grouping of real estate loans

It can be very interesting to consolidate real estate loans, despite the prepayment penalties to add because you get very low fixed rates. It will be enough to make a simulation of mortgage loan on a duration equivalent to that which you have left to realize the reduction of the monthly payment obtained.

The consolidation of consumer credit

The main interest is to reduce your debt and adapt the new monthly payment to your borrowing capacity in order to rebalance your budget. A pooling credit simulation immediately indicates the realized gain. The rate is also reduced and much lower than the rates applied for money reserves of course.

You ask yourself: how to get a credit redemption easily? We will respond to you immediately using a loan simulator. We study all possibilities with you. Then, we take care of everything for you (interrogation of the various specialized banks, follow-up of the file and setting up). It’s simple and easy.

When a forward loan pays off depends largely on the development of mortgage interest rates. If an increase in interest rates can be expected in the near future, the forward loan should not be waited too long. On the other hand, if interest rates rise only to a very small extent, one has to calculate: When will the interest premium payable be amortized by the rising interest rates?

Forward loan

Basically you can get a forward loan small up to 5.5 years before your current loan ends

It is often recommended from a point in time of 36 months before the end of your fixed interest period, because then the development of the interest rate can already be determined more precisely. If rising interest rates are expected, the conclusion of a forward loan can also be worthwhile earlier. In this way you can secure the currently low construction interest rates and at the same time receive interest security.

When deciding on a forward loan, the interest surcharge to be paid should be taken into account. This mainly depends on the length of the waiting period between the conclusion of the loan and the end of the current rate fixation. One can start from the rule of thumb: the longer the waiting time, the higher the interest premium on the forward loan. Our forward loan calculator shows you what debit interest, including interest, can be expected.

Length of the fixed interest rate

Another point that can influence the amount of the interest premium is the length of the fixed interest rate

The following applies: the longer the fixed interest rate for the new loan is, the more expensive the interest rate becomes. If the forward loan is taken out with a fixed interest rate of 10 years, the interest premium is less than with a loan with a fixed interest rate of 15 years.

If you are looking for suitable follow-up financing, you should get offers in good time – this guarantees you the best possible comparison. Our on-site consultants will be happy to find out whether and when a forward loan will be worthwhile for you in a personal conversation with you. You have a close look at the current interest rate development and are looking for the right offer from our large number of banking partners.

At the dentist, patients pay both the costs of the dentist’s individual health services that are not covered by the health insurance company, and personal contributions for dentures. Private patients can exclude dental treatment from the scope of insurance, but this is neither useful nor is it often used. With the exception of the costs of simple IGeL services, almost all privately paid dental bills require borrowing.

Installment payment at the dentist

Most dentists do not invoice their patients themselves, but through a dental service point with their patients. Most of the corresponding agencies offer payment in installments by sending their invoice, but the duration is limited to six months. Patients can accept the offered installment payment by a simple statement or ask for an extension of the term to a maximum of one year.

If repayment is desired over a longer period of time, they will have to take out a loan for the dentist’s costs. The few dentists who do not settle through a service center also grant their patients payment in installments of six to twelve months at their request.

Use the disposition loan for the dentist bill?

In many cases, the disposition credit is sufficient to pay the patient’s share of the dentist’s bill. However, its use is not recommended unless the account can be settled within a few months. The reason is that using the overdraft facility as a loan for the dentist’s costs leads to above-average interest rates. In addition to the higher interest rates compared to an installment loan, compound interest accrues when using the overdraft facility, since the interest amounts already paid increase the debit balance of the checking account.

Paying the dentist’s bill with a credit card and then using the installment facility is also not recommended, as the interest will be even higher than for the overdraft facility.

Find a cheap loan

The least expensive loan for dental expenses is if it is taken out as a normal consumer loan or as a personal loan. When borrowing online, consumers do not have to state that they need the loan to pay a dentist’s bill. If borrowers with poor credit ratings have been denied the loan on the Internet and they personally contact a bank, the intended use of the dentist’s costs may well be the decisive factor in the approval of the loan officer for the loan.

This is based on its discretion and the preferential promotion of urgently necessary health measures over mere consumption. On websites for the mediation of loans between private individuals, requests for a loan for dental expenses can also be found with an above average number of lenders in a short time. On the relevant platforms, specifying the purpose of a loan is an important decision criterion for private lending.

With the house or car bank, there is no way to get a loan without a guarantor and without a Credit Bureau check. Those with poor creditworthiness can easily orient themselves on the free financial market and choose a serious, cheap and advantageous loan with other options for hedging.

Comparisons make the decision easier

Since a loan without guarantor and without Credit Bureau is offered on the free financial market by various private donors and foreign banks, one should achieve more transparency through a comparison. With different terms and different flexibility in the contract, not every loan without guarantor and without Credit Bureau query is equally suitable for every applicant. Comparisons show which lender can choose low interest rates and prefer a high degree of flexibility in the framework conditions.

As a borrower does not know at the time of the application what financial problems or changes they will face within the term, a temporary deferral of the repayment, a necessary extension of the term, as well as an earlier than planned repayment of the amount at the lender should not incur any additional costs ,

Anyone who does not have to pay for a change in the contract for the loan and thus have to accept an increase in the price of the actually cheap offer will always get an advantage and can opt for a loan that precisely adapts to all situations in life and is based on the current circumstances can be voted on within the term.

Protection on the free financial market

If a borrower is not liable with his creditworthiness and would like to prefer a loan without a guarantor and without a Credit Bureau query, he can choose between various types of collateral and thus obtain an approval. The transfer of real assets, monetary values ​​such as savings, but also of capital-forming insurance or retirement plans are accepted as collateral on the free financial market.

It is only important when overwriting and naming the collateral that it is shown in an acceptable amount for the loan amount and that the lender can understand it. The approval and payment of a loan without guarantor and without Credit Bureau takes place quickly, so that there are no long waiting times and urgent requests can be fulfilled easily and cheaply.