The fact that loans and credits in Germany are no longer a rarity. It goes without saying now. But what do people actually borrow for? It is also a fact that cars are particularly often financed.
Buying a car is still necessary in all countries of the world, including in Germany, especially in rural areas, in order to be able to participate in everyday life without interruption. The price of a car in most cases is so high that hardly anyone can afford such a purchase from their own pocket without taking out a loan.
In addition, today it is very easy to take out a loan in Germany. What is a loan in Germany? How to apply for it? We will try to answer these questions and many other questions related to credit in Germany on our website.
Loans in Germany can be a useful way to cover costs. But before you apply for a loan in Germany, it's important to understand everything that goes into borrowing money. On our site you can find the necessary information and choose the best option for you.
- The simplest loan in Germany
- € 0 annual fee for Mastercard Gold credit card
- 7 weeks without interest
- No charge when picking up the card
- Cash fee of 0 € - worldwide
- It is not a prepaid card
- See for yourself.
Without any obligation!
You never have to accept the offer, so if the offer is not satisfactory, simply discard it and it will not cost you anything.
Credit Cards In Germany
Credit cards in Germany have become an integral part of personal finances because many people need a credit card for payment at some point in their lives. Every time you think about spending money, you have to evaluate the pros and cons of using your credit card.
Responsible use of credit cards is financial learning that helps you manage your personal finances in a good and efficient way. We have prepared for you several credit card options in Germany.
Car loan in Germany
People looking for a car loan often start by contacting their primary bank or other lending organization. In case you get a loan, you risk that in the worst case you will be "burnt", because you have just approached one bank without a real comparison. Perhaps you could have done better if you had used a loan comparison platform beforehand.
Vehicle dealers also offer various financing options, including intermediation of partner bank loans or leasing (also through partners), which may be a good option for you.
Terms of credit in Germany
There may be many reasons for taking loans in Germany. Maybe you need to buy a house, maybe a car or you need some money to start your business idea. All that sounds good, but for that you need to know a few things about the credits.
What is Schufa?
Schufa or a credit investigation company that estimates creditworthiness. It is about the creditworthiness of potential buyers to protect themselves from credit failures. Ime SCHUFA is derived from the phrase “Schutzgemeinschaft für Absatzfinanzierung” (Protective Association for Financing Sales), founded in 1927.
Credit or Prepaid card?
There are several types of cards in the German market. We'll mention some of them. Revolving credit card is a card with an approved personal spending limit that represents a revolving credit, or "self-generating". The client according to his wishes decides on the amount of loan he will use, on how and on how to repay the loan.
P2P loans in Germany
Peer-to-peer lending is the practice of matching borrowers and lenders through online platforms. Borrowers can often access funds quickly and usually at lower interest rates than those offered by their local banks, making it an attractive loan alternative for banks.