General information on borrowing money

If you are planning a larger expense, for example to buy a car or a new refrigerator, you usually have to borrow money. Only in the rarest cases has a larger sum been saved up, because daily and monthly expenses consume a large part of income and therefore almost everyone has had to borrow money at some point.

The term borrowing money or loan simply refers to the fact of borrowing money for a period from a credit institution. Examples in this context are loan agreements, deferrals or bills of exchange. When you borrow money, in most cases it is a remunerated contract, meaning you repay not only the borrowed loan amount but also the agreed interest.

Where else can you borrow money?

The cheapest option to borrow money is a private loan. Here you save the interest, and friends or relatives are generally willing to lend amounts under one thousand euros. Nevertheless, even when borrowing privately, you should record the agreement in a contract to create a basis of trust and to avoid misunderstandings.

Another option is to pledge a life insurance policy, if you have one. However, the amounts that can be raised by pledging a life insurance policy are usually very small. In addition, real estate can also be helpful to borrow money. A mortgage or lien can be used here as well.

Borrowing without Schufa

In Germany, banks and credit institutions generally do not grant loans without a Schufa check, but with foreign banks the chances are good to be able to obtain a loan. These loans are somewhat more expensive, but only information about your occupation, income and existing assets is required. In addition, this loan does not appear in your Schufa records. Therefore, it can be worthwhile to inquire at a Swiss bank if you want to borrow money.

What is special about a private-to-private loan?

Many private-to-private loans are now offered on the internet. The advantage for the lender in this variant is that they can receive relatively high interest for their capital and thus make their money work for them. The borrower can benefit from a longer term or better conditions than with a bank loan.

Borrowing money with MAXDA

There are different ways to borrow money, but the safest and most effective choice is to go with a reputable company like MAXDA. Here you can be sure that you and your needs are the focus of the loan process. If you want to borrow money, you are in the right place with us.

Processing the loan application usually takes about a week. First you submit a non-binding loan request, after which you will receive all information and the forms for the loan application. You then only need to complete the forms correctly and send them back to MAXDA with the required documents, where the application will be checked immediately. If you need help filling them out, you will be advised locally.

If you want to borrow money with MAXDA, you can choose a loan amount between €3,000 and €250,000. You must also provide personal information in the loan application, namely your name, address, date of birth, marital status and information about your financial situation.

What should be considered when borrowing money?

For loan brokerage, the signed loan application and a copy of the most recent pay slips are required. For the loan application to be approved, you should have a regular income and be at least 18 years old. Other securities, such as real estate or a solvent guarantor, are also advantageous. Unemployed persons also have good chances of being able to borrow money from MAXDA if they can present a guarantor.

Employees, civil servants or workers can also get a loan without Schufa at MAXDA if all other requirements are met. At MAXDA, the effective annual interest rate is, for example, 3.99 percent regardless of the term. In addition, the interest rate remains the same from the start, so you have an overview of the costs incurred when borrowing money from the beginning. There are no costs for the loan request, as it is completely non-binding.

What sets us apart in lending?

With MAXDA you are not just borrowing money; our goal is to provide reliable and competent advice. MAXDA therefore specializes in loans and real estate financing for private customers. Furthermore, MAXDA is one of the largest financial service providers in Germany. In every transaction the needs and wishes of the customer are the focus, which is why all products come with attractive conditions and you receive reliable advice.

Even with regard to Schufa-free loans, MAXDA is the right contact. Those who want to borrow money immediately can choose a loan to be paid by post or by bank transfer. MAXDA aims to enable financial independence quickly and without excessive bureaucratic effort. With us you will be taken seriously and even hopeless-looking cases can be helped, because MAXDA also offers special loans without a Schufa entry.

How does the loan request at Maxda.de work?

First fill out the online form and thus submit a non-binding loan request to MAXDA. Afterwards you will receive the loan application either by post or email. You then complete this application fully and truthfully and send it back to us together with the required documents. The loan application can then be reviewed and we will contact you afterwards. If you still have any questions, do not hesitate to contact us at any time.