Details and often asked questions
1. Can we get that loan regardless if my bank has refused to give me personally that loan?
There are numerous reasoned explanations why banks refuse loans. Often, the mortgage amount is just too low for them. Whether one is awarded that loan of Euros 5,000 or 50,000: The processing expenses are the exact same for a bank. Nonetheless, within the case that is second the financial institution earns 10 times just as much.
As a result, numerous German banking institutions do not grant loans below Euros 2,500. At Auxmoney, it’s possible to already get loans from Euros 1,000. The payment is all about Euros 23 to 30 every month.
Loans from Euros 23 every month
Another explanation could possibly be a “bad schufa”-rating (credit research business). Banking institutions rely upon many cases when you look at the repository “Schufa”. Nonetheless, the Schufa will not understand sufficient about people, whom reside in Germany since just a small amount of time or are fairly young. Few information during the Schufa end in a bad position.
Auxmoney utilizes the Schufa primarily being an exclusion criterion. Consequently, then no loan will be granted if the Schufa states that someone is in bankruptcy. For the creation of this Auxmoney-Score, other bureaus, like the Credit Reform, Arvato and Burgel, have actually a greater weighting when you look at the creditworthiness score. Daha fazla oku “This is the way Auxmoney comes up to parties that are interested loans:”