Taking out a loan online has long been no problem thanks to a loan comparison, whereby the borrower enjoys even more advantages than just the possibility of taking out a loan from his home PC chair or from the couch. Because the comparisons can quickly find cheap loans for almost any amount and term through their large database, which would otherwise only be available to the borrower without the computer through lengthy research on the Internet.
Borrower enjoys even more advantages
The calculator itself not only compares the providers with each other or initially reveals them, but also offers a platform to be able to take out the loan online – of course without incurring costs for the borrower. Both online and offline (large and house banks with branches), the borrower must provide the bank with all the necessary proof of income and personal data.
Applies to taking out credit online
Of course, the identification requirement also applies to taking out credit online, which is why a valid ID card is required, as well as certificates of wages, the type of job and possibly also the account statements. On the basis of this evidence, the bank, in conjunction with Schufa, can ultimately weigh the borrower’s creditworthiness and then determine a credit line for taking out a loan.
The higher this framework, the higher the borrower’s loan can be. The credit limit or creditworthiness can also be increased online by using a guarantor, provided that the guarantor independently has a regular income.
Conclusion of the credit contract through Post-Ident
The loan contract must of course be countersigned by the borrower so that it also applies to both parties. The personal details are usually checked using the Post-Ident procedure at a surrounding post office, which are well trained in the use of Post-Ident, which is why there should be no major hurdles here. Alternatively, identification can also be provided via a valid passport or a provisional ID card, whereby the conventional ID card should always be the first option.
The credit contract now begins
Once the bank has received all the necessary maintenance and verified it, the credit contract now begins, in which the bank transfers the desired amount to the borrower. This is done by transfer to a German current account, which the borrower must specify in advance in the documents of the loan agreement. If the amount has been paid out, the borrower is now obliged to transfer all installments to the lender on time, in full and on a regular basis.
If this is not the case, the bank has the right to charge dunning costs, just as it can also pledge if there is a complete loss of payment. However, this aspect has nothing to do with the fact that you take out a loan online, but always applies to lending in general. With this, the bank wants to protect itself against default.