How to open a German bank account
A simple step-by-step guide on how to open a bank account in Germany. Open an online Germany bank account and documents required to open a German Bank account
Read MoreEnglish Information about Banking in Germany
Are you a foreigner and looking to get a loan in Germany? It may be a small loan to furnish your new apartment after moving to Germany, or a big loan to buy a car or a house in Germany. This article provide all the basic information you need to know about getting a credit loan in German, the types of loans in Germany, the requirements of getting a loan and other alternate ways to obtain a loan even if you have no credit score in Germany.
There are diffrent types of credit availble in Germany depending on the purpose of requiring the credit. The main types of credit loans are:
Germany is a credit conservative country and does not offer credit loan easily if you do not meet some basic requirements. Therefore in order to obtain a credit loan in Germany from a bank, you will have to meet at least the following requirements:
If you have the above conditions, you can try for a loan in Germany from a bank, which usually has a lower interest rate. However, do not be disappointed since you can also get credit loans from other institutions if you do not have the above requirement, but with a little bit higher interest rate.
There are different institutions which provide loans in Germany. Depending on the institution, the rate of interest changes.
They provide credit with the lowest interest rate. However, this comes at a cost. You will have to show a very good credit rating and a stable income. For this you would have to be living in Germany for at least a couple of years and should have a permanent resident permit or one with long validity period. It also provides It would therefore make sense to Examples are the Sparkasse banks, Volksbank etc,
They provide easier credit than the banks and most of them are online. However, the fees are usually higher than the Banks. some examples of such credit institutions in Germany are Barclays Credit or EasyCredit.
They are mainly websites which provide an interface between lenders and borrowers. In some cases, the investors just invest in the website which then selects the people who may borrow. This can be an option for foriegners who have not been in Germany for a long time but need a credit loan in Germany. They have high interest rate depends on the credit score. Therefore, if you have a decent credit score you can get a loan with lower interest rate compared to someone with negative credit score. Examples of peer-to-peer lending systems are Smava, and Lendico.
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A simple step-by-step guide on how to open a bank account in Germany. Open an online Germany bank account and documents required to open a German Bank account
Read MoreApplying for a student Visa, au pair or Jobseekers Visa? You need a blocked account. Guide with a comparison between Fintiba and Deutschebank blocked account and process what is a blocked account and how to open a student blocked account from your home country.
Read MoreList of credit card providers with free credit cards in Germany. Advantages of each free credit cards and compare the charges and information about the free credit card in Germany.
Free Credit CardsThe Advanzia bank Free Mastercard Gold credit card offers a lifetime free Credit card with free foreign usage without any transaction charges, free cash withdrawal, free travel insurance, and up to 7-weeks interest-free credit.
Read more!Apply for Free credit card before 19 April 2015 and get joining bonus of €30. Free Credit Card with Instant online approval, transfer to bank account from credit card and cash back offers.
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Hello Everyone
Are you in need of loan?? you can get your problems solve when you run to him, am Martin Simitz from Germany i just receive a loan of 12,000 € without any difficulties you can contact him for help via Email: nelsonrayallen@gmail.com And don’t forget to tell him,that i introduce you to his firm
Kind Regards,
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Hello Everyone
Are you in need of loan?? you can get your problems solve when you run to him, am Martin Simitz from Germany i just receive a loan of 12,000 € without any difficulties you can contact him for help via Email: nelsonrayallen@gmail.com And don’t forget to tell him,that i introduce you to his firm
Kind Regards,
Martin Simitz