Loan Calculator

Loans no longer have to be arranged in a local bank branch today — application and completion can now be done very conveniently from a PC or smartphone. More and more customers use tools like the loan calculator and apply for loans that can then be used to purchase consumer goods, refinance overdrafts, or finance a car.

Calculate loan here

The loan calculator on MAXDA.de

The loan calculator on www.maxda.de enables the calculation of individual key figures for your loan. Using the loan calculator and the further process are self-explanatory:

Using the MAXDA loan calculator

Simply enter the desired loan amount in the loan calculator
Select the term of the desired loan
These two values now result in an example monthly installment
Send us a free loan request

Does the installment the loan calculator shows suit you very well? Great — then a click on the request button is enough and within moments you will be guided online through the free loan application. Are the numbers from the loan calculator not quite convincing yet? Even then you can submit a non-binding and free loan request with new desired conditions. We process every request individually and are happy to make your loan wish possible!

What happens after using the loan calculator?

As soon as you have found an offer that convinces you completely, you can proceed to start the loan application. How this proceeds in detail depends on the chosen credit institution. However, there are a few steps that are always gone through:

Fill out the online application
Submit relevant documents for the application review
Sign the loan agreement after approval
Send the contract documents to the credit institution

There may also be additional steps. For example, it is possible to use a personal consultation by telephone. This is especially helpful if questions about the individual contract terms remain open. You can also obtain information about alternative products here. Note
Regardless of which financial product you sign or which provider you work with: you should definitely go through all contract sections carefully! This way you avoid having to bear unnecessary costs in an emergency — for example because no prepayment option was agreed. The loan offer issued by the bank may differ slightly from the MAXDA figures. The bank can adjust any offer at its discretion to your requirements. Thus, more favorable interest rates (with respect to: annual interest rate, monthly installment) or adjusted repayment terms are conceivable.

Which documents must be submitted for loan approval?

As part of a loan approval, a comprehensive creditworthiness check always takes place. For this purpose, credit institutions rely on a number of pieces of information. Most of this must be provided by you in the form of the corresponding documents:

Proof of income
Employment contract
Identification

For identification, banks work with the PostIdent procedure or the VideoIdent procedure. For the former it is necessary to visit a post office branch. A certificate of identity is issued on site. This is then sent to the bank.

The modern VideoIdent procedure is completed online via a video chat. The employment contract is necessary to prove the duration of current employment. Many lenders require employment of at least twelve months. Depending on the loan amount, some providers are quite lenient in this area. It may be that further documents are required beyond this, especially for groups of people who must document irregular income situations, such as students, pensioners, or those who receive funds from an inheritance.

How long does it take to get loan approval?

It is possible to secure a positive loan approval within a few hours. However, this is not feasible for every loan. For example, the loan application for a mortgage financing is significantly more complex than that for a classic installment loan. If all documents are submitted completely and correctly, the creditworthiness check can be carried out immediately. The borrower’s creditworthiness is reviewed. A SCHUFA inquiry can also be completed by the bank within a few minutes. If the data is satisfactory, a contract is issued immediately and forwarded to you. The contract must be sent to the credit institution in the signed original. To speed up the process, more and more banks also accept a scanned digital version in advance. Internal loan processing is thus initiated more quickly. Final processing is only possible after receipt of the signed original contract. A simple loan application can therefore be implemented within 24 hours. More complex financings can, however, take several weeks:

Mortgage financing
Debt consolidation
Forward loan

What happens if the loan application is rejected?

There are many reasons why a bank rejects an application for a loan. Often banks attempt to create an alternative loan offer that adjusts the individual terms. A changed loan amount or a different term can lead to approval. An adjustment of the interest rate or the repayment plan can also turn a rejection into an approval. In such cases, consumers should be flexible — especially when it comes to important loan applications. Financing for a new TV can often be postponed by a few months. But when it comes to buying a house, time pressure can arise quickly. This does not mean that you should accept poor terms. If it is not possible to obtain the desired loan due to the current income situation or SCHUFA entries, the project should be put on hold for a few months.

When will the money be in my account?

Once the loan agreement has been signed and processed by the bank, the money can often be released within a few hours. But here too it depends on the credit institution and the loan type. A consumer loan with a short term is often in the account within one to three business days. Waiting times of around two weeks are also conceivable. Rarely does the waiting time exceed that.

Loan without SCHUFA with loan calculator at Maxda

Find a loan without SCHUFA using the calculator?

As a special offering, the MAXDA loan brokerage also offers loans without SCHUFA. Often potential customers ask whether a loan without SCHUFA can be calculated using the loan calculator. Unfortunately, individual factors also play a role in lending without SCHUFA that a loan calculator could not sufficiently take into account. Therefore, at MAXDA the final advice and calculation are always handled by our trained staff.

At most banks and savings banks active in Germany, the SCHUFA data inquiry is an integral part of the credit check. If negative entries are detected, this affects the creditworthiness assessment, which is also seen negatively. With an existing negative SCHUFA entry, it is therefore almost impossible to take out a new loan. Not so at MAXDA: the company has found banks that broker loans even with existing negative SCHUFA entries and thus provide great help for many people. Loans without SCHUFA can be taken out at MAXDA starting from an amount of 3,000 euros and can be used individually.

How do banks treat negative SCHUFA entries?

An existing SCHUFA entry is not automatically a death sentence for the loan application. Increasingly, banks take the trouble to look closely at the actual nature of the SCHUFA entry:

How old is the entry?
What is the outstanding loan amount?
What type of debt is outstanding?

Accordingly, it makes a difference whether you left a mobile phone contract with an outstanding balance eight years ago or whether you are behind with payments on a current installment loan.

The SCHUFA report also gives the bank additional information. For example, it records for a period of ten days whenever a SCHUFA inquiry is made. If several loan applications are submitted within a few days, credit institutions can see this. This usually has a negative effect on the overall assessment. The SCHUFA score assigned by SCHUFA is also visible. This ranges between 1 and 100. The higher it is, the better SCHUFA’s assessment of creditworthiness. Note: It is possible that incorrect SCHUFA entries exist that make loan approval impossible. You should take the opportunity once a year to obtain a free SCHUFA report. This immediately reveals if an incorrect entry is present. Incorrect entries must be disputed with the creditor who entered them into the register.

How does a loan without SCHUFA work?

Through the MAXDA loan brokerage you can take out loans without SCHUFA starting from an amount of 3,000 euros. The maximum loan amount is determined by your individual circumstances. The MAXDA calculator helps to compare several offers. If the credit institution forgoes SCHUFA access for the credit check, it takes a higher loss risk. To compensate for this, special conditions are used. Thus, loans without SCHUFA have higher base costs in the form of fees. But there are also restrictions for possible terms and interest rates such as the repayment plan. In general, loans without SCHUFA are therefore more expensive than a classic installment loan.

Which type of loan is best suited for me?

When choosing a loan, it is important to consider under what circumstances it is taken out. A number of factors then determine the specific type of loan:

Term
Loan amount
Purpose of use

An installment loan can be used freely. Whether you want to use the capital to finance a holiday or to convert the attic makes no difference here. Installment loans are very flexible in term and amount. With an individual repayment plan you can determine suitable monthly installments.

In addition, an annuity loan is distinguished from a repayment loan. An annuity loan is a loan with constant repayment amounts (installments).

In contrast to a repayment loan, the amount of the installment to be paid remains the same over the entire term.

Important: Loan installments should always be designed so that you would still be able to cover the installments even under heavy financial strain — for example during a prolonged illness. Other loans are tied to specific uses:

Mortgage financing
Car loan
Student financing

The individual types of loans also have different limitations. Many credit institutions grant an installment loan up to a maximum amount. This can range between 50,000 and 150,000 euros. For other types of loans, such as mortgage financing, there are theoretically no financing limits.

Special loan forms such as a civil servant loan or student loans require that you belong to the corresponding group. The choice of the right loan is therefore determined by many factors. If you have any questions you should definitely contact an expert at the bank or at MAXDA.

What requirements must I meet for loan approval?

Legally speaking, any adult with legal capacity is able to sign a loan agreement. For bank financing, however, further conditions must also be met.

Income for loan approval

A regular income is a basic prerequisite for granting any loan. Income can be secured by both part-time and full-time employment. For loan amounts from 1,000 euros, it is often required that employment has existed for at least twelve months. Which income level is necessary for loan approval is also determined by the loan amount. In individual cases it is even possible to secure a loan with a regular mini-income on a 400-euro basis — for example in the context of financing further education. For self-employed persons the loan application is somewhat more complex. Banks require annual income proof for the past three to five years to consider loan financing.
If income alone is not sufficiently high, it is possible to provide securities. For a mortgage financing it is common to transfer the land charge for the property to the bank. A tangible collateral can be used for vehicle financing. If you are not able to provide collateral yourself, banks work with guarantees. A guarantee requires a third party who vouches for you and your loan. If you are no longer able to cover the loan costs, the guarantor must cover the costs for you.

Which conditions are determined by the MAXDA loan comparison?

There are many conditions that are relevant for a loan. Individual offers differ according to your personal requirements. Decisive for the overall conditions are, among other things:

Loan term
Loan amount
Repayment plan
Type of interest rate

The chosen combination of the individual components forms the basis for your loan agreement.

Is the interest rate fixed for the entire term of the loan?

There are two options for the interest rate on a loan. On the one hand, you can choose a contract with a fixed interest rate. In this case, the agreed interest rate remains in effect for the entire contract term. This interest rate is slightly above the current market rate. The fixed interest rate variant is sensible if the market interest rate is extremely low at the time of contract conclusion. That way you lock in the favorable rate for the entire loan term. If the current key interest rate and thus the market loan interest rate are quite high, you should consider the alternative of variable interest rates.
Loan contracts with a variable interest rate adjust the interest rate at regular intervals to the general interest level. If the interest rate is very high now, chances are good that it will fall in the future. Of course there is the risk that interest rates will continue to rise, which would increase loan costs in the future — foresight is required here. It is best to use advice from an expert to make an informed decision.

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Which special clauses should be considered for a loan?

Loan agreements can be quite complex. From the type of repayment to the term: all contract parts are subject to a variety of conditions and clauses. These serve both the protection of the bank and the protection of the consumer. Some provisions are legally regulated. It is important for you as a customer to know that any loan agreement can be terminated after a term of ten years — even if the term was originally set to 15 or 20 years.

When can I repay the loan early?

A prominent clause in connection with loan agreements is the so-called prepayment. It regulates whether and to what extent prepayments are possible. This means you can use a larger capital sum on request to minimize loan costs without incurring special charges. If this clause is not present, extraordinary repayments are very expensive. If the loan is to be paid off in full, however, extra costs always apply. The prepayment clause is set to an exemption amount. For example, it may limit it to 15,000 euros for a total payment of 100,000 euros. As soon as more than 15,000 euros are paid into the loan outside the contract, additional costs apply.

When is it worthwhile to repay the outstanding balance early?

Early repayment of the outstanding balance

If you want to terminate a loan agreement early, you should definitely sharpen the pencil. Whether this is really worthwhile cannot be determined so simply. Basically there are two options for loan settlement. If you have the capital to pay the outstanding balance in full, you only need to consider the costs of loan settlement. This can arise, for example, because you received a large sum of money through an inheritance or a life insurance policy was paid out. Another option is debt consolidation. Here you use a new loan to pay off the outstanding balance. Whether this is worthwhile must be determined by a cost comparison. If the total costs for the new loan are lower than the total costs for repaying the old loan, debt consolidation is worthwhile.

The main reason for the cost difference is usually a change in the key interest rate. This causes the general interest level to fall. The lower the loan interest rates, the lower the total costs for loans.

Digression: What is the key interest rate?

The key interest rate for the euro zone is set by the European Central Bank. The ECB is the financial institution that consumer banks use to obtain loans themselves. If these are issued to banks at a low key interest rate, the banks can in turn pass this saving on to their customers. This leads to more customers being able to take out loans — which in turn stimulates the economy. In times of economic downturn the ECB lowers the key interest rate accordingly.

Can I refinance loans from other banks?

Refinancing is possible both within your main bank and with other credit institutions. It is advisable to compare several offers with each other. Present the offers from other banks at a meeting with your house bank and ask for comparably good offers. Since the bank does not want to lose you as a customer, it is quite possible that competing offers will be matched. This ensures the best price for refinancing.

Which types of loans can be refinanced?

In general, any loan can be refinanced. However, it only makes sense for few loans:

Mortgage financings
Overdraft
Installment loan with a term of more than ten years

For a mortgage financing, enormous costs are incurred. Long terms, high fees and the interest relevance for the product make it a perfect candidate for refinancing. Properly implemented, you can save several hundred euros per month through refinancing. If your old mortgage financing comes from the period of high interest rates, be sure to find out whether refinancing is possible. The overdraft is a special type of credit granted on a checking account. It is not always necessary to apply for this loan — it is often granted automatically by the bank. Those who are overdrawn quickly get caught in a costly debt cycle. The overdraft is balanced at the end of the month by the salary payment. This minimizes the free capital for the coming month, and the loan is used again. The associated credit costs are enormous. Therefore it is possible to cover the costs with a cheaper installment loan. If a classic installment loan has a very long term, refinancing can also make sense here. However it is common to use a term between two and five years for an installment loan. An exception is vehicle financings, which are between five and seven years.

Online loans from MAXDA loan brokerage

The company MAXDA is not a bank that lends money itself. MAXDA brokers loans from various lenders and makes them available to customers: MAXDA thus acts as a link between banks and customers, with our employees always acting in the interest of MAXDA customers. Through long-standing contact with many different banks, MAXDA loan brokerage is able to select from different loan offers and thus choose the best offer on the market for customers. For you as a customer this has the advantage that you only need one single contact person to use an attractive loan offer.

At the same time MAXDA customers do not have to compare loan offers and calculators themselves. You can rely on using one of the cheapest offers on the market. This simple and hassle-free handling speaks in favor of not arranging loans with the bank advisor on site anymore, but of relying on offers on the internet such as the MAXDA loan calculator.

In addition to competent advice that can be used beyond normal bank opening hours, online loan brokers also offer cheaper interest rates in their loan calculators, with which customers can save a lot of money. Depending on the loan amount, interest rate and term, savings of several hundred euros over the total term are possible.

Loan calculator & offers for every need

MAXDA loan brokerage offers the right loan for almost every need. For applicants who, for example, want to buy a new car or new furniture, MAXDA offers the classic instant loan. The instant loan can be applied for loan amounts from 3,000 - 250,000 euros, so that it can be used both as a small loan and as a larger loan for corresponding purchases. In any case, the MAXDA instant approval loan is granted without a fixed purpose, meaning it can be used for virtually any eventuality. What the money was ultimately used for does not need to be stated in the loan application or upon subsequent disbursement. Each customer can decide individually for which purposes the loans are used. The monthly installment for the instant loan is calculated from the desired loan amount and the chosen term. The longer the term, the lower the monthly installment. The MAXDA loan calculator provides an example calculation. Since terms starting at 12 months can be chosen fairly freely, borrowers can influence the loan burden of their new loans and actively shape it. The MAXDA loan calculator, which can be used for free at www.maxda.de, gives an initial insight into the monthly loan installments and the burdens incurred for each loan request.

Civil servant loans for civil servants and employees

In addition to the instant loan, which is one of the most frequently brokered loans by MAXDA loan brokerage, MAXDA also offers civil servant loans. This loan is not only offered to civil servants, but can also be used by employees of the public service or by employees in an employment relationship. A prerequisite is a company affiliation of at least ten years, which makes these financings feasible for many applicants and allows them to be processed on favorable terms. Since the civil servant loan is an individual special loan, it cannot be optimally represented in the loan calculator; a direct inquiry at MAXDA is advisable. The loan calculator nevertheless provides a first overview of the relationship between loan amount, term and installment.

Other loan offers from MAXDA

Every customer has very individual requirements for a loan. Accordingly, the range of possible loans is very large. In addition to classic installment loans, MAXDA covers a variety of special forms:

Mortgage financing
Loan for the self-employed
Loan for pensioners
Car financing
Forward loans
Follow-up financings

A good financial product is tailored to the individual requirements of the customers. Modern banks offer excellent services that provide the customer with high flexibility and are very accommodating. Where in the past consumers encountered obstacles to obtaining a loan, banks today work at full speed to meet the needs of customers.

MAXDA loan calculator provides an overviewCustomers interested in loans and financing from MAXDA loan brokerage can find comprehensive information on www.maxda.de. In addition to the aforementioned loan offers, maxda.de also features a loan calculator that can be used free of charge and without obligation.

With this loan calculator customers can calculate the monthly loan installment that would be due for the desired loan. This way customers can find out in advance whether the installment would be manageable for them.

In addition, by changing loan amount and term, it can be determined which financing amount is possible and what burden is to be expected. The interest rate used by the loan calculator is based on the average rate that two thirds of all customers can use.

Due to the individual creditworthiness of each applicant, which is determined by income and various other factors, it is possible afterwards that the interest rate from the loan calculator can change both upwards and downwards. A calculation is only possible after submission of the loan application and loan review, but it is provided free of charge.

Thus customers can find out about the respective offers free of charge via the loan calculator and request. The possibility of free offer creation applies to all MAXDA loans.

Apply for loans online afterwards

If you have used the MAXDA loan calculator and found a suitable loan, you can apply for it directly online. A loan request is possible around the clock and can even be made on weekends or public holidays.

This way you can take enough time to list your personal data and income and submit the application after using the loan calculator at your leisure. MAXDA loan brokerage staff then check which financing options are available and which conditions can be granted.

Based on these data, the free and non-binding loan offer can then be created and sent to the customer. If the loan offer is accepted, the loan contracts can be issued and the money disbursed.

In general, the loan amount is transferred to a German current account and can be used within a few days. Alternatively, MAXDA loan brokerage also offers transferable payments by post so that the loan grant is not visible on the current account.

Who is the MAXDA loan calculator suitable for?

Loans from Maxda - who it is suitable for

The many advantages of the MAXDA loan calculator have something suitable to offer everyone. One reason to use the online loan calculator is certainly the convenient handling. It is not necessary to go to the bank and be annoyed with long sales conversations with the bank advisor. Here you only receive the information you want. Another reason in favor of MAXDA is the enormous comparison offering. The countless partner offers show current prices. If you wanted to compile these data yourself, you would have your hands full. The variety of the offer is also important. The loans are not only aimed at a specific group of people. So whether you are a student, a pensioner or a father with a regular income — the right financial product is waiting for you here. And it can be found with just a few clicks.

Conclusion on the loan calculator

The loan calculator proves to be a versatile modern tool for online loan requests that provides a good first overview and supports the assessment of your own financial situation.

Tip: Use the loan calculator not only to compare online offers with each other. If you have already had a conversation with your bank adviser in the branch, you can compare that offer with other providers. This way you can see at a glance whether switching to a new financial service provider is worthwhile.

Other topics you might be interested in: Annuity loan, Repayment, Annual percentage rate

Loan Calculator

Loans no longer have to be arranged in a local bank branch today — application and completion can now be done very conveniently from a PC or smartphone.

More and more customers use tools like the loan calculator and apply for loans that can then be used to purchase consumer goods, refinance overdrafts, or finance a car.

The loan calculator on MAXDA.de

The loan calculator on www.maxda.de enables the calculation of individual key figures for your loan. Using the loan calculator and the further process are self-explanatory:

Using the MAXDA loan calculator

Simply enter the desired loan amount in the loan calculator
Select the term of the desired loan
These two values now result in an example monthly installment
Send us a free loan request

Does the installment the loan calculator shows suit you very well? Great — then a click on the request button is enough and within moments you will be guided online through the free loan application.

Are the numbers from the loan calculator not quite convincing yet? Even then you can submit a non-binding and free loan request with new desired conditions. We process every request individually and are happy to make your loan wish possible!

Online loans from MAXDA loan brokerage

The company MAXDA is not a bank that lends money itself. MAXDA brokers loans from various lenders and makes them available to customers: MAXDA thus acts as a link between banks and customers, with our employees always acting in the interest of MAXDA customers.

Through long-standing contact with many different banks, MAXDA loan brokerage is able to select from different loan offers and thus choose the best offer on the market for customers. For you as a customer this has the advantage that you only need one single contact person to use an attractive loan offer.

At the same time MAXDA customers do not have to compare loan offers and calculators themselves. You can rely on using one of the cheapest offers on the market.

This simple and hassle-free handling speaks in favor of not arranging loans with the bank advisor on site anymore, but of relying on offers on the internet such as the MAXDA loan calculator.

In addition to competent advice that can be used beyond normal bank opening hours, online loan brokers also offer cheaper interest rates in their loan calculators, with which customers can save a lot of money. Depending on the loan amount, interest rate and term, savings of several hundred euros over the total term are possible.

Loan calculator & offers for every need

MAXDA loan brokerage offers the right loan for almost every need. For applicants who, for example, want to buy a new car or new furniture, MAXDA offers the classic instant loan.

The instant loan can be applied for loan amounts from 3,000 - 250,000 euros, so that it can be used both as a small loan and as a larger loan for corresponding purchases.

In any case, the MAXDA instant approval loan is granted without a fixed purpose, meaning it can be used for virtually any eventuality. What the money was ultimately used for does not need to be stated in the loan application or upon subsequent disbursement.

Each customer can decide individually for which purposes the loans are used. The monthly installment for the instant loan is calculated from the desired loan amount and the chosen term. The longer the term, the lower the monthly installment. An example calculation is provided by the MAXDA loan calculator.

Since terms starting at 12 months can be chosen fairly freely, borrowers can influence the loan burden of their new loans and actively shape it.

The loan calculator from MAXDA, which can be used free of charge at www.maxda.de, gives an initial insight into the monthly loan installments and the burdens incurred for each loan request.

Civil servant loans for civil servants and employees

In addition to the instant loan, which is one of the most frequently brokered loans by MAXDA loan brokerage, MAXDA also offers civil servant loans. This loan is not only offered to civil servants, but can also be used by employees of the public service or by employees in an employment relationship.

A prerequisite is a company affiliation of at least ten years, which makes these financings feasible for many applicants and allows them to be processed on favorable terms.

Since the civil servant loan is an individual special loan, it cannot be optimally represented in the loan calculator; a direct inquiry at MAXDA is advisable. The loan calculator nevertheless provides a first overview of the relationship between loan amount, term and installment.

Find a loan without SCHUFA using the calculator?

As a special offering, MAXDA loan brokerage also offers loans without SCHUFA. Often potential customers ask whether a loan without SCHUFA can be calculated using the loan calculator.

Unfortunately, individual factors also play a role in lending without SCHUFA that a loan calculator could not sufficiently take into account. Therefore, at MAXDA the final advice and calculation are always handled by our trained staff.

At most banks and savings banks active in Germany, the SCHUFA data inquiry is an integral part of the credit check. If negative entries are detected, this affects the creditworthiness assessment, which is also seen negatively. With an existing negative SCHUFA entry, it is therefore almost impossible to take out a new loan.

Not so at MAXDA: the company has found banks that broker loans even with existing negative SCHUFA entries and thus provide great help for many people. Loans without SCHUFA can be taken out at MAXDA starting from an amount of 3,000 euros and can be used individually.

MAXDA loan calculator provides an overview

Customers interested in loans and financing from MAXDA loan brokerage can find comprehensive information on www.maxda.de. In addition to the aforementioned loan offers, maxda.de also features a loan calculator that can be used free of charge and without obligation.

Thus customers can find out about the respective offers free of charge via the loan calculator and request. The possibility of free offer creation applies to all MAXDA loans.

Apply for loans online afterwards

If you have used the MAXDA loan calculator and found a suitable loan, you can apply for it directly online. A loan request is possible around the clock and can even be made on weekends or public holidays.

Based on these data, the free and non-binding loan offer can then be created and sent to the customer. If the loan offer is accepted, the loan contracts can be issued and the money disbursed.

Conclusion on the loan calculator

The loan calculator proves to be a versatile modern tool for online loan requests, providing a good first overview and supporting the assessment of your own financial situation.