This is the way Auxmoney occurs to interested events for loans:

This is the way Auxmoney occurs to interested events for loans:

Details and sometimes asked questions

1. Can a loan is got by me no matter if my bank has refused to grant me personally that loan?

There are lots of main reasons why banks refuse loans. Often, the mortgage quantity is just too low for them. Whether a person is given that loan of Euros 5,000 or 50,000: The processing expenses are similar for a bank. Nonetheless, within the 2nd instance, the financial institution earns 10 times the maximum amount of.

This is exactly why, numerous German banking institutions do not grant loans below Euros 2,500. At Auxmoney, you can get loans currently from Euros 1,000. The payment is all about Euros 23 to 30 each month.

Loans from Euros 23 every month

Another explanation might be a “bad schufa”-rating (credit investigation business). Banking institutions rely upon many cases within the repository “Schufa”. Nonetheless, the Schufa will not understand sufficient about people, whom reside in Germany since just a time that is short are reasonably young. Few information during the Schufa lead to a bad position.

Auxmoney utilizes the Schufa primarily as an exclusion criterion. Consequently, then no loan will be granted if the Schufa states that someone is in bankruptcy. For the creation associated with the Auxmoney-Score, other bureaus, including the Credit Reform, Arvato and Burgel, have actually an increased weighting within the creditworthiness score.

Which means: despite having a less good Schufa rating, you’ve kept chances to obtain that loan through Auxmoney.

Presently, the good creditworthiness rate reaches 50 %!

Every 2nd loan demand will soon be shown at Auxmoney and comes into the mortgage process that is granting.

This can be an above average value – especially once you consider that numerous people submit an application for that loan at their banks first and just see the internet for options, in terms of a loan rejection!