All we need is a little bit of information from you – and we can show you the best and cheapest loan that suits your situation.
Our online loan request: Fast and uncomplicated
Online form: Enter your data securely and easily
Filling out the credit application on kredit-fuchs.de is child’s play thanks to our clear online form. Enter all the necessary information in just a few steps. It goes without saying that your data will be treated in strict confidence and secured using the latest encryption technology.
Immediate feedback: This is how quickly you will receive an answer
We know how important quick feedback is for our customers. You will therefore receive a confirmation of receipt immediately after sending your loan application. Your documents will be checked quickly, so you can usually expect a response to your loan application within a short time. We are aware of the problem that other service providers often only provide substantial feedback on credit applications after 14 days. Our processes are significantly leaner, more efficient and faster!
Submit documents later: What is required
Additional documents may be required as part of the credit check. You can submit these easily and securely via our platform. We will inform you immediately if there is a need for further clarification.
Online loan vs. branch loan: The advantages of an online loan application
Compared to the traditional loan application in a branch, the online loan application with us offers many advantages. You can apply from the comfort of your own home, save yourself waiting times and have the opportunity to compare offers from different providers quickly and easily. loan comparison quickly.
Credit application in Germany: the special features
Legal framework for loan applications in Germany
In Germany, there are several legal frameworks that affect credit applications and lending. These regulations are designed to protect consumers and ensure that lending is fair and transparent. Here are the most important aspects:
Price Indication Ordinance (PAngV): This regulation requires lenders to clearly and comprehensibly state all costs and fees associated with a loan. This includes the APR, which reflects the total cost of the loan, as well as any additional fees.
Law on the revocation of doorstep selling (right of revocation): Consumers have the right to revoke a loan agreement within 14 days without giving reasons. This gives borrowers the opportunity to reconsider their decision after they have concluded the contract.
Consumer Credit Act (VKKG): This law regulates the conditions for consumer credit. It ensures that lenders check the applicant’s creditworthiness and provide appropriate information before a loan is granted.
Data protection laws: Data protection is an important aspect of credit applications. Lenders must protect the personal data of applicants in accordance with the General Data Protection Regulation (GDPR) and may only use this information for the purposes for which it was collected.
Law on the regulation of consumer loans: This law regulates the conditions for granting loans and stipulates that lenders must carry out a thorough credit check before granting a loan.
Federal Financial Supervisory Authority (BaFin): BaFin monitors the financial markets in Germany and ensures that banks and credit institutions comply with legal requirements. Consumers can contact BaFin if they have any questions or problems.
German banks: What they check when you apply for a loan
When applying for a loan, German banks check various aspects in order to assess the applicant’s creditworthiness. First, a comprehensive credit check is carried out, which often includes a query of credit agencies such as Schufa. This check provides information about the applicant’s credit history, existing liabilities and possible payment defaults.
Proof of income is also an important part of the check. Banks usually require proof of the applicant’s income, such as payslips, tax statements or other income documents, to ensure that the applicant is able to pay the monthly installments. In addition, the employment relationship plays an important role; banks prefer applicants with a permanent employment relationship or many years of employment.
The Schufa score is a key indicator of creditworthiness. A high score indicates a good payment history and increases the chances of a loan approval. Banks also check whether the applicant has assets or collateral that can serve as security for the loan, such as real estate, savings or other valuable possessions.
A detailed budget statement listing income and expenditure can also be requested. This helps the bank to better understand the applicant’s financial situation and assess whether they are in a position to pay the loan installments. Finally, the purpose of the loan also plays a role. Banks check whether the loan is being requested for a sensible purpose, such as buying a car, financing a renovation or rescheduling existing loans.
All of these checks help banks to assess the risk of granting a loan and make an informed decision on whether to approve or reject the loan application. It is important for applicants to prepare for this process and provide all the necessary documentation to increase the chances of a positive decision.
Interest and fees: What is common in Germany
In Germany, interest rates and fees for loans are clearly regulated and subject to certain legal provisions. The APR is the key term that reflects the total cost of a loan, including all fees and interest. This interest rate enables consumers to better compare different loan offers.
The interest rate varies depending on the type of loan, term and creditworthiness of the applicant. As a rule, the higher the credit rating, the lower the interest rate. Banks often use the Schufa score as a reference to assess an applicant’s creditworthiness.
Tips for a successful loan application in Germany
To increase your chances of a successful loan application, you should have all the necessary documents ready, keep an eye on your finances and provide realistic information about your financial situation. In addition, the comparison of different credit offers by kredit-fuchs.de will help you to find the best offer.
FAQ: Frequently asked questions about loan applications
How do I submit a loan application?
You can submit a loan application online easily and without obligation. Select the desired loan amount and term, fill out the application form and upload the required documents. Your request will then be checked by the bank and you will receive an offer that you can accept or reject.
What is checked when I apply for a loan?
When applying for a loan, banks check several key factors to assess the applicant’s creditworthiness. First, a credit check is carried out, which often includes a query with the Schufa credit reference agency. This provides information about credit history, existing liabilities and possible payment defaults.
A key aspect is the verification of income. Banks require proof of income, such as payslips or tax statements, to ensure that the applicant can pay the monthly installments. The stability of the employment relationship also plays a role here; permanent employment contracts are preferred.
How long does the loan application take?
It takes just 2 minutes to submit your credit application using the form above. We usually process online loan requests very quickly (faster than requests made in a bank branch, for example). You will often receive a response within a few hours.
Who decides whether you get a loan?
The decision as to whether a loan is approved usually lies with the bank or credit institution to which the application was submitted. Various factors play a role here:
Rejecting a loan: What to do if your loan application is rejected?
If your loan application is rejected by all banks, you have the opportunity to find out the reasons for the rejection and submit any necessary documents or look for other lenders.
Debt restructuring: How does a loan application for debt restructuring work?
You submit a loan application for debt restructuring in the same way as for a normal loan. You can indicate on the application form that you are rescheduling your debt. The banks will then check your creditworthiness and the conditions of your existing loans in order to make you an offer for debt restructuring.
Any further questions? – We are always there for you at the e-mail address info@kredit-fuchs.de!
