From small loans to real estate financing
When private individuals take out loans, this can have a variety of reasons and the requirements for the form of loan are correspondingly different. There are different amounts of credit and the way of payment and repayment differs; both can happen in one fell swoop or at pre-determined rates.
Some may just want to finance a new kitchen appliance or a vacation, which is easily possible with a small loan . Others have bigger plans and want to build an entire house, for which they need a real estate loan. Ideally, a home savings contract already exists.
This is earmarked financing , similar to a car loan. The borrower pays off a specified type of property, while with a classic purchase and installment loan, he has complete freedom of choice as to what happens to the money made available. From a substantive point of view, he has complete power.
Auto loans can also look different. Balloon financing and three-way financing differ from the usual installment payments. Car dealers also often make their own financing offers, the advantages and disadvantages of which should be weighed up. Couple in the car dealership.
There are also loans that are used over a longer period of time in certain life situations. A classic example of this is the education loan. Educational loans are granted by various financial institutions as well as the state Copy Lender Bank for study and other training situations. The payment is not made in one go, but monthly. The interest rate is relatively low.
On the other hand, if you need a full loan amount as quickly as possible, you can apply for an instant loan . Most of these are online offers from direct banks. The disadvantage is that extensive advice from the bank is not required, which is usually part of the lending process.
Calculate and compare credit
In cooperation with our partner Good Lender, we offer you the opportunity to first calculate your monthly rate based on your desired loan amount and term. You can then submit a serious loan request and also apply for the loan directly.