Do you need a loan and need a little help to know how? Think about asking bank for a loan and want to know which options are available by the bank and which ones are the most convenient?
Our guide on how to apply for a loan with Bank we will see what are the steps to follow to get the loan and we will also give you some interesting advice.
Here’s what you need to do to get the perfect loan for you and your needs!
How to get a loan with a bank
A loan may be needed to solve some small problems in the family or for a purchase or a vacation. Bank allows you to choose between different options, but does not allow you to apply for a loan online.
Do you want to know how much you will have to spend each month to return the loan? To calculate the installment you can request an online quote . Entering your data, the amount that you plan to request and the number of installments, you will know the interest rates and the monthly amount to be paid.
The data is entered in a special online form and the quote is free and non-binding. If you prefer you can request a quote even in a branch.
We would like to remind you that the more months to return the sum, the more the monthly payment will go down, but the interest will go up. For this reason it is advisable to check the rates and pay attention to the cost, in this way you can even save.
To discover all the features of a loan with bank you can ask for an appointment at a branch, so you will avoid unexpected surprises. Here are the different types of loans that Bank makes available to its customers:
The necessary guarantees for the loan with a bank
Whatever type of loan you wish to request, you will need to provide guarantees to the bank, in this case to bank.
Even those on the list of bad payers or those who have been protested must provide the bank with the same guarantees. Here are the mandatory guarantees for a loan application with bank:
- The pay slip : the guarantee par excellence for the request of a loan, thanks to the pay slip you get advantageous rates and fast loans;
- Salary-backed salary : a useful solution also for those who have been protested or for those who find themselves on the bad payers list. The sum to be repaid each month will be withheld from the pension or salary. The salary assignment generally makes it possible to obtain repayment plans for the amount requested in ten years and advantageous rates;
- The guarantee of a third party : that is the guarantee of the guarantor who can act as a guarantee. The guarantor can be a friend, relative or parent and will be responsible for reimbursing the amount in place of the applicant;
- The pension : another solid guarantee for the loan, but the duration and the number of installments can vary depending on the age of the applicant.
What do you need to request and obtain the sum?
To obtain a loan from Bank, you must provide the bank with:
- The valid identity document;
- The pay slip, the pension or the last tax return (only necessary for self-employed workers).
Those who have been protested and/or those who are on the list of bad payers must provide the bank with the same documents. Generally, no other documentation is required and the bank to which the loan is requested will do the rest.
Times to get the money
Deutsche bank does not allow you to apply for the loan through the online portal so times may vary depending on the case.
So if you decide to apply for the loan at the branch, you will be a person in charge of revealing to the applicant what the average waiting time is for having the loan on your account.
How to get to know the installment amount and interest rates first? To find out the interest rate you can easily use the online quote.
The quote is not binding and can also be requested from a bank branch. The estimate allows knowing the amount of the TAN and the APR. The TAN is the interest rate, while the APR is the synthetic total cost of the loan and contains the cost of the commissions to be paid to apply for a loan in the bank.
To reduce the risk of spending money unnecessarily in interests, we recommend checking the TAN and the APR to find the lowest and cheapest for the type of loan you need. A quick search is often enough to save on interest.
The loan with Bank for the protested subjects
If you have been protested or if you are on the list of bad payers you are not always able to get a loan, but there are ways to try to get it.
The salary-back assignment is an easy way to apply for a loan even if you are on the bad payer list or have been protested.
The salary assignment allows the bank to withdraw the isle sum directly from the pension or salary, has plans to repay the sum up to 10 years and also allows for convenient interest rates.
We cannot guarantee that the bank will accept the loan request so the only way to know if Deutsche Bank will consent to the loan is to request detailed explanations from a representative in a branch.
The applicant’s situation will be evaluated by a person in charge who will decide whether to accept the request or not.
And temporary workers?
Deutsche bank does not forget fixed-term workers. To apply for a loan, the bank must be assured that the number of installments does not go beyond the months of the work contract that remain.
The other conditions for obtaining the loan are the same as those required for permanent workers.