Taking out a loan: which is the right one?

Do you need a new car, do you want to modernize your kitchen or renovate your property? A loan makes it easier to manage larger purchases or activities. From car loans to overdrafts and rental guarantees: your bank supports you with individual financing offers to help you realize your wishes. Find out about our loan offer and find the right loan for you. We would be happy to advise you personally in one of our branches at your location.

You should know that about loans

With a personal, dispo or car loan, you can implement your wishes and plans or bridge financial bottlenecks. But which loan is the right one? What needs to be considered when taking out a loan? You can find out here.

When it is worth taking out a loan

When it is worth taking out a loan

Do you need a new car, do you want a modern kitchen or do you want to move into a larger apartment? A loan makes it easier to manage larger purchases or activities. With a loan, your bank provides you with a certain amount of money. As a borrower, you repay this up to a specified time including interest. On the other hand, an overdraft facility is one of your bank’s overdraft facilities. You can decide how long you want to use the borrowed money.

Which is better: save money or take out a loan?

It doesn’t hurt to put some money aside. Because a financial cushion provides security. It can be used well for unpredictable costs that may be incurred, for example, through repairs on the car. A loan makes sense if the capital saved is not sufficient for your project.

Which loan is the right one?

Which loan is the right one?

The choice of loan type depends on what you are going to do. Whether personal, dispo, car loan or rent guarantee: your bank has the right offer – tailored to your wishes and your financial situation. An employee of your bank will give you detailed advice and, if necessary, put together an individual financing offer for you.

Do you want to know what you can afford? Then use the loan calculator. With this you can better assess your financial scope and also calculate how high your installment loan may be.

Taking out a loan: Requirements and documents

A prerequisite for taking out a loan is, among other things, a regular income from employment. In addition, you should not have a negative preivate credit bureau entry. Which documents you need for a loan application depends on the type of loan you are seeking. As a rule, you need proof of identity and current proof of income. Your bank advisor will tell you which additional documents are required.

What you should consider with loans

What you should consider with loans

The capital saved is often not sufficient for larger purchases, for example a car or a new kitchen. A loan can help to bridge short-term financial bottlenecks. You can choose between various types of credit, such as personal loans or car loans. Whichever loan you choose, it is important that it is tailored to your purposes and your life. Above all, make sure that the monthly installments are affordable for you and that you remain flexible with the loan.

You can find out which loan suits you personally and find out more about the respective conditions on the website of your bank on site or directly at your branch. You can easily find the closest bank in your area using our branch search.