A 15000 euro loan to start a business is available from banks, savings banks and Volksbanks. Under certain circumstances, a private person may be willing to borrow 15,000 euros. In any case, the credit rating must be given, which makes a 15000 euro credit justified. Here, first of all, a regular income, but also a positive private credit information should be considered. The latter plays a decisive role, in particular for German bank or savings bank loans.
If there are negative private credit entries, no reputable bank domiciled in Germany will grant a loan. Only private or foreign lenders make an exception. However, foreign lenders are rarely considered for a € 15,000 loan. Here, the approved loan amounts are much smaller and are almost exclusively in the four-digit euro area.
A credit comparison should always be at the beginning of all considerations about borrowing. Here, not only local, but also supraregional lenders should be involved. So you can get a much better overview of what loan offers there are and what the terms are with the individual banks.
Ideally, you would use a comparison portal on the Internet for a credit comparison. Here you will get an overview of which banks are offering a 15000 Euro loan, how high the interest and the terms are and which monthly repayment rates you would receive in a few minutes. The monthly repayment rates depend on various factors. A special role is played by maturity and interest rates.
The longer the term, the lower the monthly rates. A short duration, however, requires high monthly installments, which can amount to several hundred euros per month. Here you should set priorities in advance and decide very specifically which monthly rate you can afford with your salary and over which period this should happen.
A credit comparison on the Internet not only has the advantage that it provides a reliable and topical result within a short time, but also that the offers of various regional and supraregional banks are included in the comparison. So you can get a good overview of the general market situation and the interest rates.
Whether a 15000 euro credit is basically possible depends on various factors. First and foremost, it should be mentioned that not all direct or branch banks lend such a loan, but either only larger or smaller loan amounts are eligible. In addition, your personal requirements play a prominent role.
If you have an income that is reasonably safe but only marginally above the officially established seizure limit, it will be very difficult, if not impossible, to get a $ 15,000 loan.
It is very important that the private credit information has no negative entries. Negative entries always come about if there is a valid reason for doing so. This would be the case, for example, in the event of non-compliance with loan agreements or other payment obligations. It becomes particularly serious if reminder or enforcement orders have already been issued or if you are in a private or routine insolvency procedure. No credit is possible here. There can be no exception to this rule in Germany, even if you can prove a secure high and secure income.
The income should result from an employee or official activity. It is also very important that you have a permanent employment contract. With a fixed-term employment contract, you have only one chance at a loan if the term is relatively short and does not go beyond the end of the term of the employment contract.
If you are self-employed or self-employed, it will be very difficult to obtain a five-digit loan. There are only a few banks in Germany that are ready to take that risk. Many banks even exempt self-employed and freelancers from lending.
It is even more difficult for the unemployed, housewives, students or other persons without their own income. Here a second applicant or a guarantor can be asked. If he has a good income and an impeccable private credit information this often leads to a loan application, which should actually be rejected, but still can be approved.
Application and authorization
Once you have decided and found a suitable lender, you can submit the application. This is possible either on the Internet or at the bank branch. In any case, you will need to complete a mandatory credit application form. Here your personal data and information about your income are needed. As a rule, you do not need to specify a purpose for the loan because a normal installment or consumer loan is for free use. This applies regardless of the loan amount. An exception are the earmarked loans. This is the case, for example, for a car loan. Here are 15000 euros a sum that is paid very often. A car loan may only be used to finance a new or used car.
The loan application must be accompanied by documents that can give a clear statement of your income and the nature and extent of your employment. Once all documents have been received by the bank, information will be obtained from private credit. Then you can decide very quickly about the loan application. Often this is possible within a few hours. After the approval you can have the 15000 Euro loan paid out. To do this, you must specify an account to which the money should be transferred when you submit your application. This account can but does not have to be at the same bank responsible for lending.
Payment – repayment and term
Basically, the entire amount is paid out in one amount. The bank transfer is the rule and the cash payment is the exception. Once the money has arrived in your account, you can dispose of the 15000 euro loan in the manner provided.
The terms of the repayment and other factors that play a role in a € 15000 loan, a credit agreement is made, which is to be signed by both parties – ie the lender and borrower.
The installment begins and ends at the agreed time. It is usually the case that the amount of installments remains the same over the entire term. Each monthly installment is made up of an interest and a repayment installment. In the vast majority of cases, it is withdrawn from the account either on the 1st or the 15th of the month. If necessary, you can also transfer the installment yourself. However, you should do this completely and punctually.
If you do not pay your loan installments and you fall behind with more than a monthly installment, this can have serious consequences. If you ever get into financial difficulties, it is advisable to talk in time with the bank and seek a solution. Under no circumstances should you risk a loan termination because the then still open loan amount is due in one amount and a negative private credit entry is the result.