Maxicredit Experience – is Maxicredit Serious? What Role Does Loan Rating Play?

When it comes to taking out a loan, many like to build on the experience that other borrowers have already made with the corresponding offers.

We would like to take a closer look at the Maxicredit experience that the network generally holds. Because Maxicredit is one of the leading providers of personal loans, which are very important for many consumers.

Who is Maxicredit?

Who is Maxcredit?

In order to properly understand and classify the Maxicredit experience, it is important to know who or what Maxicredit is. Go to the website of Maxicredit here:

Maxicredit is a platform where private loans are brokered. This means that no bank is behind Maxicredit and provides the money for the loans, but private lenders who invest their money there and receive a corresponding return for it.

Maxicredit thus acts as an intermediary between private investors and borrowers. For a small fee is required, but this must be paid only when it is finally come to a credit agreement. The fee is then included in the effective interest rate and does not have to be paid separately.

An important aspect, which also plays a major role in our Maxicredit experience, is the fact that Maxicredit offers credit even if the creditworthiness of the prospective customer is somewhat weaker.

What role does credit rating play?

What role does credit rating play?

Even though that sounds very good now, our Maxicredit has shown that not everyone automatically gets a loan from Maxicredit who wants it. For between a weak credit rating and a weak credit rating worlds can be known. The intermediary therefore looks very carefully in the interests of its lenders, who applies for a loan and what conditions can be presented. For there is nothing given away there either.

A negative private credit – often a reason for rejecting the traditional banking houses – can certainly lead to a loan at Maxicredit. However, only if a firm and high income is available and the negative private credit not only a bankruptcy or similar was caused.

On the other hand, lack of income and other collateral that can not be proven will not provide credit. In such cases, the credit rating would be too bad, resulting in a high risk of default and therefore not interesting for private investors.

Maxicredit experience – apply for credit

Maxcredit experience - apply for credit

In order to apply for a loan from Maxicredit, you have to register with the provider. Registration is free and without obligation. In addition, a profile must be created. Personal as well as economic data must be deposited. It is important that the information corresponds to the truth, as it must be documented afterwards. Cheating therefore brings nothing and will not lead to the desired credit.

Once the loan has been entered, Maxicredit looks to see if enough funds can be found. If this is the case, there is a credit agreement. If this is not the case, the loan must be sought elsewhere. The Maxicredit experience shows that people with a good credit rating have significantly better chances of getting a loan than people with a bad credit rating.

It is recommended to order not too high credit sums. In addition, it should be possible to specify what the money should be used for. This helps the lenders in assessing whether a loan can be granted or not.

Immediate Loan with Immediate Payment


A loan with instant confirmation and immediate payment is available on the Internet or in a branch bank. Before deciding on a loan, it is very important to compare multiple offers to get an overview and to find a loan that best suits your needs.

Credit conditions

Credit conditions

If the conditions are met, a loan decision can be taken very quickly. If the lender is a German-based bank, savings bank or Volksbank, the requirement of providing private credit information is compulsory for all credit customers. Foreign banks, private credit intermediaries and private lenders, however, refrain from obtaining a private credit information.

A good income that should come from an employee or civil service job if possible is an important requirement for any loan. The income should also be so high that it is above the legal attachment exemption limit. This is particularly important because otherwise the bank would have no way to seize part of the income on arrears. The higher the income, the higher the loan amount that can be paid out on a loan approval.

If necessary, additional collateral can be requested from the bank. This may be a second applicant, a guarantor or other security. This is especially true if the credit rating is otherwise insufficient.

Credit with instant confirmation and immediate payment – credit comparison and loan conditions

Credit with instant confirmation and immediate payment - credit comparison and loan conditions

A credit comparison should always be at the beginning of all considerations about borrowing. It would be particularly important to pay attention to the interest, the maturities, the possible loan amounts and any additional costs for a loan with instant promise and immediate payment. Although the interest rates are determined by the individual lenders, they are also dependent on the general market interest rate. The higher the risk of lending, the higher the interest rates will be. This is especially true in the case where a loan is issued without private credit, or that the income of the borrower is relatively low or not regularly paid, as is the case, for example, with freelancers or the self-employed.

The interest on a loan with instant confirmation and immediate payment can either be credit-related or credit-independent. A credit-based loan sets an interest margin within which loan rates may vary for each client. The specific interest rate depends primarily on your personal credit rating. The better it is, the lower the interest rates can be. By contrast, interest rates do not play a role in a credit-independent loan. It only matters if the credit requirements are met or not. If they are given, the same interest rate applies to all customers.

Immediate and immediate payment loan – application, disbursement and repayment

A loan application can be made on the internet or in a bank branch. A personal loan or a loan from a private intermediary has separate rules. 
After the loan application has been received by the lender, it will be thoroughly examined. If the credit conditions are present, a loan with immediate promise and immediate payment can be granted. 

The payment of the entire loan amount is made to the current account of the customer. In a few cases, a cash payment, a bank transfer or a transfer by courier is possible.

Repayment must be made in monthly installments. This installment covers the entire term. The amount of installments is determined by various factors. One of these factors is the loan amount and another factor is the term and the interest rate level.

Payday Loans: Term for loans

 In principle, the term for loans between the customer and the bank is freely compatible. However, customary credit maturities have developed, which are a maximum of ten years for consumer loans. As part of real estate financing, a significantly longer contract period is common.

In the case of consumer loans, the term corresponds to the period of interest rate fixing. In the case of real estate loans, on the other hand, this usually lapses shorter than the repayment period, so that the borrower negotiates again with the bank or decides on an offer from another financial institution before the end of the commitment period via the further interest rate.

For extremely short maturities, special credit service providers are available to lend their loans for a few days to a maximum of three or six months. Their offers are generally cheaper than the average interest rate on disposition credit.

In contrast to consumer loans, credit lines such as the discretionary credit, the part payment function of a credit card and the availability of credit are not linked to fixed terms. The repayment is exempted from the borrower either completely or with the exception of a small minimum amount.

Which terms are customary for consumer credit?

As a term for non-earmarked loans, many banks specify a minimum of two and a maximum of six to eight years. Both for shorter loan periods of half a year to one year and for a longer contract period of a maximum of ten years, the supply of available loans is reduced significantly.

Maturities of more than ten years are extremely rare in consumer credit. With a few exceptions, they are offered only for civil servant loans. These are available to some credit institutions not only for civil servants and civil servants, but also for employees who have worked for their previous employer for at least five years. When consumers want a loan term of more than ten years, they are specifically looking for official loans open to long-time employees.

Most financial institutions offer different terms for loans at intervals of only one year or maybe half a year. With very few commercial banks, customers have the option of choosing any maturity in one-month increments within the range offered.

For organized personal loans, basically the same terms as for bank loans are conceivable. However, most private lenders prefer to write credit requests with manageable durations because they do not want to commit themselves overly long.

What effects do the different repayment terms have?

What effects do the different repayment terms have?

The maturity of loans is decisive for the success of a loan application. In the context of a budgetary account, the bank checks whether the applicant can settle the accrued monthly installment with his creditable income. Decisive for the credit decision is therefore not the absolute amount of the desired loan, but the amount of the monthly repayment. This decreases when the loan applicant chooses a longer term. Thus, an extended repayment term often results in the bank agreeing to an initially declined loan application when submitting a revised loan application for an extended period of time.

At the same time, the term of loans has an impact on the total cost of borrowing, as the borrower pays the accrued interest each year. In addition, most financial institutions increase lending rates from seven to eight years, as the risk of default increases with the duration of the contract.

On the other hand, short-term loans with a maximum maturity of two years are also associated with higher lending rates for many banks. These are based on the fact that the credit bank distributes the costs associated with lending to a small number of annual installments.

Since the spreads for very short or longer than average maturities vary widely by bank, loan seekers perform separate loan comparisons for different maturities.

Which credit period is recommended?

Which credit period is recommended?

 It goes without saying that the term of loans should be in line with the amount of the loan. As a rule, there is a limit to the possible loan repayment periods, as the bank stipulates a minimum amount and a maximum amount for the monthly installment.

Consumer advocates also recommend that the term chosen for a loan does not exceed the useful life of the purchase financed by it. This rule is very useful. It means that a holiday loan can be credited with a one-year repayment term, while a longer lease term is possible for the purchase of long-lived assets. These differ according to the habits of the household.

The maturity of consumer credit is not a binding commitment to the chosen bank, as its early repayment is possible in principle. However, the credit institution may demand a prepayment penalty in this case if the loan agreement does not explicitly provide for the right to special unscheduled repayments. In the case of consumer loans with a term of more than ten years, premature loan repayment is possible at any time after the expiry of 120 months. In real estate financing, unlike consumer loans, additional capital repayments may be contractually excluded during the first ten years of the fixed interest period.

Advantages and Disadvantages of a Bank Loan

Banking Loan

Banking Loan

In the banking loan operation, a financial institution grants an amount of money to the company in exchange for the payment of interest, contractually establishing the form in which the company will have to return the loaned capital and pay those interests. Financial entities usually require some type of personal guarantee (the global assets of the company or a third party) or real (a specific movable or immovable property), which strengthen the operation, this being one of the main difficulties they face Applicant companies, especially the smallest or the most recent ( startups ). In the event that the loan includes a mortgage guarantee, in such a way that its return is secured with a real estate property, it will be necessary that the corresponding contract be executed in a public deed intervened by notary public.

According to the interest rate, there are fixed rate loans, in which the rate remains fixed and constant throughout the life of the operation, and variable interest, which is likely to rise or fall depending on the evolution of some indicator that is taken as reference, as. for example, the famous Maxibank.

The return of the loaned capital and its corresponding interests is made through amortization installments, which according to the form in which they are paid originate different methods of repayment of the loans, being the most usual the following three:

  • Single installment, where both the settlement of interest and the return of capital occur at maturity through a single payment. It is the simplest amortization system, used mainly in short-term loans, which I will analyze below.
  • Variable fees, where loans are amortized by variable installments in geometric or arithmetic progression.
  • Constant installments, where loans are amortized through constant installments. It is the most common method, known as the French system, where capital is amortized on an increasing basis, while interest decreases period by period. It can be used in both fixed rate and variable rate loans. If it is a fixed rate, all quotas will be constant and equal, while if it is variable, the quotas will remain constant in the period that elapses between a revision of the interest rate and another.

From a business point of view, a distinction is made between loans granted in the short term (less than one year), which are used to finance cash offsets, being an alternative to credit accounts, and long term (more than one year), which are used to finance non-current assets (for example, the purchase of a machine or a computer). The negotiation with the bank in both cases is different.

In short loans, the bank will value that the money will be used to finance treasury and not for another purpose. In the second case, in the long term loans, the cash flow (charges minus payments) that will be able to produce the concrete good that is acquired will be analyzed, which will condition the repayment of the loan and should be adapted as far as possible to the agreed amortization calendar. If the non-current asset to be financed is not of a productive nature, as is the case, for example, with an investment in facilities that fulfill the function of offices, the cash flow to be considered will be the general of the company, which will allow the repayment of the loan under the agreed conditions.

Regarding the main advantages and disadvantages of financing through a bank loan, I can think of the following:

Advantages of bank loan:

Advantages of bank loan:

  • It allows financing the acquisition of a good at one time.
  • The forecast of the payments to be made is relatively simple, due to their amortization through periodic installments.
  • It allows to know at all times the living debt that remains with the bank.

Disadvantages of bank loan:

Disadvantages of bank loan:

  • It obliges to determine with exactitude the amount of the funds that are requested, on whose total amount interest will be paid.
  • It is not possible to reuse the funds once they are used, unlike what happens with the credit account.
  • As a general rule, it is necessary to provide guarantees that guarantee the amount borrowed.



Who gets a loan from Intrasavings bank?

The Intrasavings bank development loan for you

Not only savings banks, Volksbanks and other credit institutions can apply for loans,  the Intrasavings bank also grants loans. Unlike the numerous direct and branch banks, however, Intrasavings bank is a public-law institution and the loans granted are always earmarked, so they must not be used at will.

Who is Intrasavings bank?

Looking at the balance sheet total, Intrasavings bank is the third largest bank in Germany with 489.1 billion euros in 2014. It was founded in 1948 and today is the world’s largest national development bank.

It is subject to the legal supervision of the Federal Ministry of Finance and employs more than 5,500 people. In addition to its headquarters in Frankfurt am Main, Intrasavings bank has branches in Berlin, Bonn and Cologne as well as around 80 offices and representative offices around the world. Their goal is to meet the economic, social and environmental challenges of our time and to improve the living conditions worldwide. Their task is specifically to financially support business start-ups and medium-sized companies, but also to finance and promote infrastructure, housing and energy-saving projects, as well as projects related to environmental and climate protection. Their promotional volume in 2014 amounted to around € 74.1 billion.

How does Intrasavings bank work?

As a development bank, Intrasavings bank does not operate its own branches, but operates according to the transit principle. This is how it works: A customer submits a loan application to his / her house bank before investing. The bank reviews the application and – as a financing partner of Intrasavings bank – passes it on to Intrasavings bank, which refinances the loan with favorable interest rates. The bank then concludes the loan agreement with the customer and pays out the loan amount. Refinancing rates are always maximum interest rates that the bank may or may not pass on to its clients. It can also offer a lower interest credit if it waives part of its own margin. Some banks are taking advantage of this opportunity to offer their clients attractive loan offers or acquire new customers. However, the banks often attach this to certain conditions such as an additional loan from their home.

For whom and what does Intrasavings bank offer loans?

Intrasavings bank offers financial support in the form of loans and loans to private individuals, companies and public institutions. Specifically, Intrasavings bank supports medium-sized companies, business start-ups and freelancers with medium and long-term financing for start-ups, innovations, general corporate financing and projects in the field of climate and environmental protection. For private individuals, Intrasavings bank offers financing for energy-efficient construction and renovation, the reduction of housing stock and the creation of residential property. In addition, she invests in the education of young people, which she understands as financing future investments. Particularly popular, however, are Intrasavings bank’s construction loans and their funding programs for the energy-efficient renovation of older homes. In addition, public institutions are also funded and international financing taken over. The promotion of Intrasavings bank is usually independent of the age and marital status of the applicant.

Intrasavings bank Kredit for home equity financing and energy renovation

If you want to fulfill your dream of owning your own home and are looking for financing to buy or build your own home, you should consider the loan offers from Intrasavings bank. In fact, Intrasavings bank grants loans of up to EUR 50,000, whereby the amount of the subsidy depends on the energy efficiency of the new building. For the construction of a Intrasavings bank energy efficiency house, the interest rates are even cheaper, also the homeowners can take a repayment subsidy to the loan. Special repayments are also possible.

The energy-efficient refurbishment of older houses is being financed very cheaply by Intrasavings bank. Up to 75,000 euros are provided per person, the interest rate is negligible with about one percent. In addition, individual energy measures such as the insulation of the roof, the replacement of old windows or the renewal of the heating are promoted. The maximum loan amount for this is 50,000 euros. In addition, homeowners receive a repayment allowance for all refurbishment measures, meaning that they de facto cost the loan almost nothing in the first ten years.

Intrasavings bank Kredit for the age-appropriate conversion of existing real estate

In the face of demographic change, the demand for age-appropriate real estate is growing. Therefore, Intrasavings bank also promotes the age-appropriate / barrier-reducing conversion or the purchase of an age-appropriate converted property with loans of up to 50,000 euros. Again, the interest rate is just one percent and special repayments are possible. Regardless of whether you are interested in a grant or Intrasavings bank loan, the following applies: The receipt of the funding is subject to certain conditions. This includes, for example, that an approved expert must confirm after the renovation that the property now meets the standards of an efficiency house. When implementing individual energy actions, certain minimum technical requirements must be met. Experts therefore recommend that interested parties inform themselves at an early stage about the prerequisites for funding. We recommend a comprehensive consultation of a specialist, who not only shows the possibilities of energetic renovation, but also creates a profitability calculation. An energetic measure only makes economic sense if it is worthwhile and the costs do not exceed the benefits.

Incidentally, the various support programs can also be combined with each other. An example: A customer who buys an older house and wants to refurbish it energetically and modernize it in an age-appropriate way can theoretically use all three above-mentioned funding programs. The loan would then be no more than € 50,000 (from the home ownership program) plus € 75,000 (from the program for the renovation to the Efficiency House) plus € 50,000 (from the program for age-appropriate conversion), in total € 175,000.

Loans around the education


The promotion of education is the second focus of Intrasavings bank. Your most well-known promotional product in this area is the Intrasavings bank Student Loan. Postgraduate studies, first or second degree programs, doctorates and distance learning courses or semester abroad are funded – regardless of the field of study. The funding is independent of the income of the student and his parents and without collateral, the repayment is flexible and moderate. Further conditions for the grant: The student must be between 18 and 44 years old. He has to study part-time or full-time at a state-recognized university in Germany. In addition, Intrasavings bank also offers BAföG bank loans for financial support for the degree, a master BAföG, an educational loan (for training) and a Bavarian fee loan for extra-occupational Bachelor programs.

What else does Intrasavings bank promote? 

kfw loans

In addition to subsidies for private individuals and SMEs, Intrasavings bank also finances the municipal and social infrastructure in projects for urban barrier reduction, energetic urban renewal or municipal energy supply. Refinancing from other state promotional and credit institutions is also one of Intrasavings bank’s tasks. In addition, Intrasavings bank finances projects of major German and European companies with the aim of becoming and remaining competitive and competitive in international markets. These financings are aimed primarily at companies with a focus on export, infrastructure, climate and environmental protection and raw materials supply. Intrasavings bank also works together with governments in developing and emerging countries, advising and promoting them in reform processes and investments in order to sustainably improve the economic and social situation of local people, to reduce their poverty and to contribute to climate and environmental protection,

Combinations of bank and Intrasavings bank loans

Intrasavings bank loans are usually grants and subsidies combined with a conventional bank loan. There are certainly big differences in the terms of this combination financing. For example, banks sometimes demand so high interest rates themselves that the interest rate advantage of the Intrasavings bank loan expires. Therefore, you should always keep an eye on the terms of the blending operations and not just consider the interest rates of Intrasavings bank. The Stiftung Warentest and other consumer organizations take these mixed conditions at irregular intervals under the microscope and compare them.


Loan Without German Citizenship – it’s that easy | Loan Options

It is very difficult to get a loan without German citizenship. Even if the seeker is registered in Germany and has a permanent residence here. How the loan can be implemented in spite of all, they learn here.

That’s how it looks right now


A loan without German citizenship seems almost impossible at first sight. The banks simply require German citizenship when borrowing. It must be proven with the help of an identity card or passport.

Despite all this, citizens without German citizenship can apply for credit here in Germany. And the banks and savings banks must not refuse this application from the outset. Because that prohibits etiquette. But in the end it usually comes down to rejection, which of course is always very hard for those who really need it.

But there is also a bright spot. Because a little bit always decides the country from which the loan seeker comes from a lending. For example, those who are domiciled within the EU must be able to borrow in Germany. That is what EU law provides. But those who come from a country that does not belong to the EU have to make do otherwise or hope for the favor of the banks.

Credit without German citizenship – requirements

Credit without German citizenship - requirements

In order to be able to benefit from a loan at all, foreigners must be able to meet the same strict conditions for borrowing as all other potential creditors. This means that in addition to the permanent residence in Germany always a German bank account must be presented. In addition, the prospect must be at least 18 years old.

It is also important that a fixed income is given. The employment contract should be indefinite, so that optimal conditions are met. The same applies to the residence permit in Germany. Again this must be indefinite, so that sufficient time for the repayment of the credit exists.

Credit without German citizenship – loan options

Credit without German citizenship - loan options

If a credit due to the wrong citizenship is not possible, it can only be started with a little trick. It would be possible to arrange the loan with the help of a second applicant. However, this second applicant must have German citizenship and be solvent on top of that. Good friends could therefore help to ensure that the desired loan can still be set in motion.

It would also be possible to simply borrow the loan as a consumer loan from a dealer. Such installment payment agreements are provided in large numbers via the Internet. The traders only check the address and the private credit, and if there are no abnormalities, the loan can be taken out. Even if no German citizenship exists. Because this is not checked.

A difficult way

A difficult way

It is therefore relatively difficult to get a loan without German citizenship on the way. But with a few tricks and adjustments everything is possible.

Our tip: Small loan amounts are always easier to implement than large loan amounts with a long term. Therefore, as a loan seeker, you should always show modesty and not ask for more than you can. This increases the chances of a loan and secures the planned project.

What is a Mortgage Loan and its Characteristics?

First of all, let’s say that the mortgage loan is a long-term credit product, the beneficiaries are those over sixty years who own a residential property, to which they have access to a loan of a certain amount agreed with the bank or some other intermediary financial. The sum must be repaid after the death of the beneficiary, or through the heirs or through enforcement.

In short, the mortgage loan is a possibility to obtain liquid capital from your home (or in any case from another residential property owned) in old age. The capital as mentioned above, will then be returned after the death of the beneficiary or of his spouse or cohabitant.

The characteristics of the mortgage life loan

The characteristics of the mortgage life loan

This particular type of loan originated in Britain in the late nineties of the twentieth century with the name of ” lifetime mortgage ” or ” equity release ” (and ” reverse mortgage ” in the United States). In Italy it was introduced precisely in 2005 by paragraph 12 of the art. 11- quaterdecies of Decree-Law No. 203 of that year, converted into Law No. 248 of 2005.

It is important to underline that the mortgage can be made only on the residential building, that is on those goods that are destined to be used as a civil dwelling, or that are pertinent to it. The application of the mortgage life loan has not been very successful in practice, this because in the aforementioned rule, there was no regulation that was introduced later by the Decree of the Ministry of Economic Development No. 226 of 2015, which came into force on 2 March 2016.

The fact is that the rule is clear, and the loan can be granted by banks or financial intermediaries regularly registered in the Register held by the Bank of Italy pursuant to art. 106 of the Consolidated Banking Act (TUB) contained in Legislative Decree No. 385 of 1993, and must guarantee a medium and long-term loan by holding as a guarantee the first degree mortgage on a residential property owned by the funded entity, with capitalization annual interest and expenses, which is suitable for individuals over the age of 60.

It is good to point out that the reimbursement can be asked to the heirs in a single solution, only upon the death of the financed subject, that is to the debtor as soon as the properties or other real or personal rights of enjoyment on the property are transferred in whole. property given as collateral, or even if   actions are taken that considerably reduce their value.

Even if the law does not explicitly communicate it, it is obvious that the lender, before granting the money to the applicant through the mortgage annuity loan, makes an estimate on the value of the property by an expert. We must also analyze the case in which the applicant to be financed is married or cohabiting ” more uxorio ” for at least five years, in this case the contract by law must be signed by both even if the property is only one of them, obviously both spouses must be at least 60 years of age.

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