If you are looking for a financing option in Germany, you have come to the right place. Regardless of whether you need a loan for an urgent need, a major purchase or to consolidate your debts, a loan comparison is the key to finding the best solution.
Our independent loan comparison was developed to help German consumers find the right loan. We understand that financial decisions have a big impact and we do everything we can to help you make informed decisions.
Start your loan comparison with our loan calculator
How our loan comparison works
The path to a suitable loan can often be very confusing and time-consuming. Our service at kredit-fuchs.de simplifies this process for you so that you can compare loans in a structured and user-friendly way.
Here we explain how our loan comparison works:
1. calculate desired loan
Start by calculating your desired loan. Enter the desired loan amount and term in our user-friendly loan calculator. Our online loan calculator for Germany will then give you an initial estimate of the monthly installment you can expect. This will help you to get a feel for the financial burden that a loan entails.
2. send credit request
Once you have an overview of your desired conditions, you can submit a non-binding credit inquiry send it off. Fill in the simple inquiry form, which only asks for a few basic details and your contact information. Our data protection guidelines guarantee the secure handling of your personal data.
3. we show you the best loan offers for your situation
After sending your request, our system starts working. It searches the offers of numerous lenders in Germany and identifies those that best match your details and needs. A variety of factors are taken into account to ensure that you are suggested favorable loans, but also those that are realistic and tailored to your personal financial situation.
4. you choose and receive the loan amount
Once the best credit offers have been identified, we will present you with a clear list within a very short time. Now the choice is yours. Compare the offers, think about which conditions suit you best and make your decision. After the final review of your documents by the lender (usually nothing goes wrong here, as we know the requirements of all banks and lenders in advance), the loan amount is transferred to your account and you have free use (no intended use). The entire process is designed to be as simple and quick as possible so that you can get the capital you need without unnecessary waiting times.
This structured process enables you to carry out a credit comparison in Germany efficiently and with minimal effort. Our aim is to make the loan search process as simple and transparent as possible for you.
Credit guide: You should be familiar with these topics
Taking out a loan is a significant financial decision that should be carefully considered. In our credit guide, we would like to give you some more information and tips to help you make this decision.
Repay a loan
Repay an existing redeem a loan can make sense in order to obtain better conditions or reduce the monthly burden. This involves replacing the old loan with a new loan that offers better interest rates or a longer term. The advantage in Switzerland is that, unlike in other countries such as Germany, early repayment of an existing loan is not associated with costs or fees such as a prepayment penalty.
Calculate the repayment amount of the loan
The redemption amount is the amount required to repay an existing loan in full. It corresponds to the remaining loan amount – i.e. the remaining debt of the existing loan. To be on the safe side, always check with your current lender about the exact amount to be repaid to avoid any nasty surprises. You can also use our online calculator from the comfort of your own home to calculate the transfer amount.
Increase credit
Sometimes, however, life demands more from you than you had initially calculated. In these cases, a loan top-up, i.e. an increase in an existing loan, is an option. We offer you all the information you need on the subject of top up your credit you need.
Compare interest rates
The interest rate is the main factor in calculating the cost of a loan. Particularly favorable interest rates can make your loan significantly cheaper overall over the term. A difference of just 1 percent – for example 5% instead of 6% – can save you a lot of money. It is therefore worth comparing the interest rates of different loan offers. Use our online loan comparison to get a quick overview of the current interest rates as part of a loan interest rate comparison to get.
Calculate credit line
The credit limit indicates the maximum amount of money you can borrow. It depends on various factors, such as your income, your creditworthiness and your financial situation. However, it is advisable not to use the entire credit line, but only to borrow as much money as you actually need. Here you can calculate your calculate your credit line.
Improve your own credit rating
A good credit rating is crucial for a favorable loan. You can improve your credit ratingfor example, by reducing existing debts, paying your bills on time and ensuring that your financial information is correct and up to date. An improved credit rating can give you access to better credit offers with lower interest rates. In Switzerland, negative ZEK entries are also a potential obstacle to taking out a loan. The ZEK (Central Office for Credit Information) is the counterpart to the German Schufa. While in Germany we talk about the “Schufa score” and credit inquiries that are “Schufa-neutral”, in Switzerland it is more about the credit score and the entries in the ZEK via the so-called ZEK codesif you want to improve or clean up your own credit rating.
These tips and information are designed to help you make informed decisions and find the loan that best suits your financial situation. The loan comparison for Switzerland here at krefux.kredit-vergleich.ch is your reliable partner on the way to the most favorable loan.
Basic knowledge of different types of credit
Many life situations and circumstances can lead to increased capital requirements. Loans can therefore be taken out for a variety of purposes. Below we present some common types of credit to give you an overview of the situations in which we at krefux.kredit-vergleich.ch can help you.
Car loan
A car loan is specifically intended for the purchase of a vehicle. These loans often offer better conditions than a general consumer loan. However, it is important to note that the vehicle often serves as collateral and can be confiscated by the lender in the event of non-payment. This applies regardless of whether it is a car, motorcycle, van or other vehicle.
Personal loan
The personal loan is a flexible financing option for private purchases or unforeseen expenses. It is characterized by a fixed term and fixed monthly instalments, which enables a clear calculation.
Corporate loan
Corporate loans are specially tailored to the needs of companies. They can be used for investments, working capital or to bridge liquidity bottlenecks. The loan conditions and requirements can vary greatly depending on the size and creditworthiness of the company.
If a company wants to take out a loan in euros rather than CHF, e.g. because it has customers who only accept euros, you are of course welcome to ask us about this. Our experts will be happy to discuss everything else with you.
Consumer credit
Consumer loans are used to finance consumer goods such as electronic devices and services such as travel. They are generally straightforward to apply for and offer a quick financing solution for small to medium amounts.
Real estate loan
Real estate loans are used to finance the conversion and renovation of properties or the purchase of vacation homes. They generally have very long terms and the interest rates are often lower than with other types of loan. While in Switzerland entire properties can only be financed via mortgages, a real estate loan can be used for an extensive renovation, for example.
Student loan
A student loan supports you financially during your training or studies. It can be used for fees, living expenses and other costs associated with training or studies.
Small loan
Small loans are intended for smaller amounts of money and often have shorter terms. They are quick and easy to apply for, but the interest rates can be higher than for loans with larger amounts.
Investment loan
Investment loans are used to finance investments that increase the value of your company, such as the purchase of machinery or real estate.
The term investment loan is also sometimes used to refer to a loan for the purchase of financial assets such as shares.
Bridging loan
A bridging loan is a short-term loan that helps to bridge financial bottlenecks until a long-term financing solution is found or the financial situation has eased or improved.
Rent deposit loan
When moving house, many people have to pay the deposit for the new apartment before they get the deposit for the old apartment back. A rental deposit loan creates financial leeway by (temporarily) financing the deposit for the rental apartment.
What influences the cost of a loan?
Understanding the cost of a loan is crucial to finding a deal that suits your needs. Several factors can affect the cost of a loan, and it’s important to know these before you make a commitment. Here are the main factors that influence the cost of a loan:
- Interest rate
- Runtime
- Fees
- Creditworthiness
- Loan amount
- Credit type
- Lenders
- Additional insurances
In the following, we take a closer look at the individual influencing factors and explain how they affect the costs of a loan.
Interest rate
The interest rate is the percentage of the loan amount that you also have to pay back to the lender. It is the price you pay for borrowing the money and the interest rate always refers to a 1-year period. Interest rates on a loan can be fixed or variable. Fixed interest rates remain the same over the entire term of the loan, while variable interest rates can change, often in response to changes in prime rates. This offers opportunities but also risks during the term of the loan. The normal case for borrowing in Germany is therefore a fixed interest rate.
Runtime
The term of a loan is the time you have to repay the loan. Longer terms (e.g. 84 months or longer) usually mean lower monthly installments, but higher overall costs due to the longer time over which interest accrues.
Fees
In many countries, loans also include additional fees that can increase the costs. These may include processing fees, account opening fees, annual fees and early repayment fees. These are often converted into the so-called “effective interest rate”, which is then slightly higher than the nominal interest rate of the loan, which only includes the pure interest. In Switzerland, however, by law there are no additional fees for a loan other than the interest. There is therefore no such thing as an “effective annual interest rate” in Germany.
Creditworthiness
Your credit rating can have a significant impact on the interest rate you receive. People with a higher credit rating often receive better, i.e. lower interest rates, as they are classified as less risky for the lender.
Loan amount
The amount you borrow will also affect the total price of the loan. It is important to borrow only as much as you really need in order to minimize costs.
Credit type
Different types of loans can have different cost structures. For example, mortgages often have lower interest rates than consumer loans.
Age
Of course, the borrower’s age also plays a role, as it is included in the banks’ risk assessment. For loans for pensioners and senior citizens an independent comparison and professional advice are particularly important.
Lenders
Different lenders have different cost structures and interest rates. The fact that they are in competition with each other results in more favorable conditions for the borrower on the market.
Additional insurances
Sometimes additional insurance such as residual debt insurance is offered or even required. These can additionally increase the cost of the loan.
It’s important to consider all of these factors and understand how they affect the cost of your loan. The online loan comparison here at krefux.kredit-vergleich.ch helps you to get a clear picture of the total cost of a loan and to find the offer that best suits your needs and financial situation.
Frequently asked questions about the loan comparison
The topic of loans can often lead to a lot of confusion, especially if you are dealing with it for the first time or if it involves a larger sum. In this section, we look at some of the most frequently asked questions about comparing loans.
Why should you compare credit offers?
A loan comparison gives you the opportunity to compare different loan offers to find the one that best suits your financial situation. By comparing, you can benefit from more favorable interest rates, better contract terms and an optimal term, which will save you money in the long run.
Is the loan comparison on kredit-fuchs.de free of charge?
Yes, the loan comparison on kredit-fuchs.de is completely free and non-binding. We offer you a transparent platform to compare the best credit offers in Germany, with no hidden costs.
What information is required for a loan comparison?
To carry out a loan comparison, you need information about your financial situation, such as your income, your current costs and any existing loans or other liabilities. Information on the desired loan amount and term is also required.
What documents are required for the loan application?
To apply for a loan in Germany, you will need proof of income, such as payslips or tax statements, as well as valid identification documents, such as your identity card or passport. Which additional documents are required depends on the respective bank and its requirements.
What are the requirements for a loan?
The requirements for a loan can vary depending on the lender and type of loan, but as a rule you must be of legal age, have a regular income and be resident in Switzerland. But even if you live in Germany, there are some options, for example with a loan for cross-border commuters.
What criteria are decisive for granting a loan?
Loans are granted based on various criteria, including your credit rating, your income, your financial stability and the amount of the desired loan.
What is an effective annual interest rate?
As already mentioned above, in Germany there is the so-called “effective annual interest rate”. This indicates the total cost of a loan per year and, in addition to the nominal interest rate, also includes all other fees incurred. The APR makes it possible to compare different loan offers directly with one another, as it shows the actual costs of the loan transparently. In Germany, this interest rate is an important part of the lending process and must be stated by credit institutions to enable potential borrowers to make an informed decision.
Which is the cheapest loan?
The cheapest loan in Germany is therefore quite simply the one with the lowest interest rate (assuming the same term). Our loan comparison enables you to identify the most favorable loan for you.
What do I need to consider when taking out a loan?
When taking out a loan, make sure you understand the terms and conditions, ensure that the monthly installments fit into your budget and read the loan agreement carefully before signing it.
How do I recognize a dubious credit provider?
Dubious credit providers can harm you financially and should be avoided at all costs. Here are some warning signs:
- Advance fees: Reputable credit institutions in Germany do not charge any fees before the loan agreement has been signed. Be careful if fees are charged before you have received the loan amount.
- Unclear contractual conditions: A trustworthy provider will set out all loan conditions in a transparent and understandable way. If the conditions are unclear or not set out in writing, you should be skeptical.
- Excessive interest rates: Very high interest rates are a clear warning sign of unreliable offers.
- Missing permits: Make sure the lender has the necessary permits and licenses to lend in Germany.
- Unprofessional behavior: A reputable lender is characterized by professional advice and clear, open communication.
Can I also apply for a loan online?
Yes, applying for a loan online is very common these days and offers a quick and convenient way to apply for a loan . Here at krefux.kredit-vergleich.ch you can easily start our online loan comparison to find the best offers and then submit a loan application or request directly online. The required documents can be submitted digitally and communication takes place by e-mail or telephone, which speeds up the process considerably.
How long do I have to repay a loan?
The repayment period of a loan varies depending on the type of loan and the contractually agreed conditions. Typical terms for installment loans are between 12 months and several years. In the case of construction financing or mortgage loans, the term can even be several decades. The exact term and the monthly installments are set out in the loan agreement. With installment loans in particular, it is important to realistically assess your financial situation to ensure that you can easily make the monthly payments over the entire term.
To what extent can credit cards already help?
Credit cards also offer a practical way to improve your liquidity. Many cards also include additional benefits such as cashback or integrated insurance. In our credit card comparison for Germany, we present the best offers and show you how to find the right credit card for your individual needs.
If you have any further questions, please feel free to contact us by e-mail at info@kredit-fuchs.de – we look forward to helping you!
Which credit providers are tested in the comparison?
When comparing loans on kredit-fuchs.de, we compare a large number of renowned loan providers in Germany to give you a comprehensive picture of the available loan offers. Below we present some of the providers that are included in our loan comparison:
Verivox
Verivox is a leading online platform for comparing services and products in Germany. Founded in 1998, Verivox offers consumers the opportunity to compare prices and conditions for a wide range of areas, including energy supply, telecommunications, insurance and financial products such as loans and accounts. The platform enables users to find tailored offers that meet their individual needs, helping them to save money and make informed decisions. With a user-friendly interface and comprehensive information on different providers, Verivox is a reliable tool for consumers looking for the best deals on the market
Maxda
Maxda is a well-known credit brokerage company in Germany that helps consumers find suitable loans. Maxda offers a variety of financing options, including installment loans and debt restructuring, and is characterized by its fast processing of applications.
Giromatch
Giromatch is an innovative platform that gives consumers direct access to loan offers from various banks. Using state-of-the-art technology, Giromatch ensures a transparent and efficient loan comparison so that users can find the best conditions.
Bank of Scotland
Bank of Scotland offers a range of credit products, including personal installment loans. With attractive interest rates and flexible terms, the bank has made a name for itself in the German market and is aimed at both new and existing customers.
Auxmoney
Auxmoney is a leading platform for peer-to-peer loans in Germany. Here, private investors and borrowers can come into direct contact with each other, which often leads to better conditions for both sides. Auxmoney offers a quick and uncomplicated way to obtain personal loans.
SWK Bank
SWK Bank is an online bank that specializes in granting loans. It offers transparent credit offers with attractive interest rates and a flexible term, ideal for consumers looking for a simple and direct credit solution.
DSL Bank
DSL Bank is part of the Deutsches Landhaus Bank Group and offers various credit products, including construction financing and installment loans. DSL Bank attaches great importance to individual advice and customized solutions for its customers.
By comparing numerous loan providers on kredit-fuchs.de, you can get a clear picture of the available loan offers and find the offer that best suits your needs. Simply use our online loan comparison for Switzerland and find the best loan for your situation.
Credit landscape in Germany: Things to know
Germany has a robust and diversified credit landscape, which is characterized by both traditional banks and new, innovative financial service providers. Here are some points you should know about the credit landscape in Switzerland:
- Variety of providers: From large traditional banks to online lending platforms and peer-to-peer lending providers, there is a wide range of companies offering loans.
- Loan types: The types of loans available are diverse and include personal loans, mortgages, car loans, corporate loans and many more. Each type of loan has its own characteristics and requirements.
- Online loans: The ability to apply for and manage loans online has changed the way consumers deal with credit and offers a convenient alternative to traditional bank visits.
By understanding the lending landscape and the different options available to you, you can make informed decisions and find the best financing solution for you.
Our promise: A transparent online loan comparison
Our aim at krefux.kredit-vergleich.ch is to offer you a transparent and easy-to-understand loan comparison. Here are a few points that underline our promise of a transparent loan comparison:
- Clear information: We provide clear and concise information about the different loan offers, interest rates, fees and terms so you know what to expect.
- Independence: Our loan comparison is independent and objective. We do not work with specific loan providers, but present you with a wide range of offers so that you can make the best choice.
- Data protection: Your privacy is important to us. We strictly adhere to privacy policies and ensure that your personal information is safe and secure.
- Easy to use: Our online loan comparison is user-friendly and easy to access, so you can find the information you need quickly and easily.
- Expert advice: We offer expert advice and support to answer your questions and help you use the credit comparison effectively.
With kredit-fuchs.de, you have a reliable partner at your side to help you find the best loan for your needs and make informed financial decisions.
