General information about loan providers

Nowadays there are many different loan providers. Loans can be obtained not only within Germany or Europe, but worldwide. While it used to be common to take out an installment loan at a bank, today there are also countless loan brokers on the internet offering their services.

Another option is to have an installment loan arranged through a loan provider from private individuals.

Loan brokers as loan providers

If a loan provider is an independent broker of loans, they always work with several domestic and foreign credit institutions. In such cases, customers—such as freelancers, the self-employed, or retirees—often have a better chance of obtaining a loan than with a conventional bank. These loan providers can also often arrange loans without a Schufa entry.

Many loan providers now also offer their services for peer-to-peer installment loans. Private individuals can register as lenders, and others who are quickly looking for an affordable loan and need a certain loan amount can use this service as borrowers. For a fee, the loan provider only handles the loan processing.

For smaller purchases—such as a new kitchen, a used car, or financing the next vacation—more money is usually needed, and direct banks are an attractive option for many consumers as loan providers. Customers must forego the individual and personal advice offered by branch banks. Direct banks usually offer only online loans and do without local branches in order to provide customers with installment or instant loans with attractive monthly rates and low interest rates.

The loan provider can also be a car manufacturer that has its own bank and can therefore arrange a favorable auto loan for its customers specifically for the purchase of a new car in one of its dealerships. Large furniture retailers also offer installment loans with low interest rates through loan providers with whom they negotiate favorable conditions for furniture purchases. Consumers can thus take advantage of the benefits of an affordable loan directly when buying a new car or new furniture and use the required money for the new purchase.

Reputable loan providers, such as banks, always require the customer's creditworthiness. Every consumer should inform themselves thoroughly about the provider’s terms and conditions. If online loans with creditworthiness-dependent interest rates are offered, an apparently cheap instant loan can become very expensive. There are loan providers that make loan interest rates dependent on the applicant's creditworthiness. With low creditworthiness, the consumer pays higher interest rates. This gives, for example, the bank as loan provider a certain degree of security vis‑à‑vis its customers.

Free and non-binding loan inquiries at the loan provider

A competent and reliable loan provider is MAXDA Darlehensvermittlungs-GmbH. Consumers can choose from a wide range of products at this loan provider to find an installment loan suitable for their purposes. From installment and instant loans for employees, workers and retirees to a mortgage loan, affordable financing options individually tailored to each customer are offered.

Civil servants, employees of the public service, and workers who can demonstrate at least 10 years of employment can take advantage of an inexpensive loan for civil servants with a very long term. With a term of up to 240 months and low interest rates, the corresponding monthly installment is kept small. This keeps the additional financial burden for the borrower low.

It is important that when choosing the right provider a comparison of different offers is carried out. The loan comparison should particularly focus on interest rates as well as the monthly installments and the associated term. With one provider the borrower can certainly save much more than with another provider’s offer. Borrowers should already have an overview of their financial capabilities when comparing loans so that monthly installments can be determined and the term can be appropriately adjusted and compared with other providers. As mentioned above, there are providers that adjust interest rates based on the borrower's creditworthiness. Therefore, a comparison of providers, i.e. a loan comparison, is particularly important for choosing the ideal loan for the borrower.

Requirements at the loan provider MAXDA

In addition, special loan requests such as a loan without a Schufa entry of up to €5,000 can be fulfilled. This concerns a loan from a foreign bank. No Schufa entry is made. For a loan without a Schufa entry, the applicant must be able to prove a regular income of at least €1,130 per month.

The loan provider MAXDA also finances loan requests from jobseekers. In this case, the loan provider requires a solvent guarantor for its own security. A loan without a Schufa entry is also possible here. MAXDA primarily offers its services in the private customer business. Its many years of experience are reflected in high-quality advisory services and professional loan processing.

Each customer is offered a loan tailored to them individually with favorable interest rates and the best possible conditions. It goes without saying that a loan inquiry at the loan provider can be submitted free of charge and completely without obligation. MAXDA's loan offers include loans between €3,000 and €250,000 with an annual percentage rate from 3.99 percent for all terms.

Since the determined interest rate of the loan remains unchanged for the entire term, the customer retains full oversight of the monthly costs from the beginning of repayment until the last installment.

Fast processing by the loan provider

With MAXDA loan brokerage, a non-binding and free loan inquiry can be made without hesitation. The interested party immediately receives the necessary documents and detailed information required to review their loan request by e‑mail and by post.

To review a loan application, a personal self-disclosure with information on name, address, date of birth, marital status, as well as financial income such as wages, salary or pension and expenses such as rent, insurance and any payments for other existing loans must be completed. This allows the loan provider MAXDA to gain a precise overview of the potential customer's financial and personal situation and to offer a loan tailored to their situation with the most favorable interest rate and good conditions.

Loan disbursement by the loan provider

As soon as all required data are available to the loan provider, the loan application is checked the same day and the customer is notified immediately. For fast processing it is important that a telephone number and e‑mail address are provided. This allows the loan broker MAXDA to contact the applicant immediately if there are any open questions.

Once the submitted documents and the customer's creditworthiness have been checked by the loan provider, nothing stands in the way of the loan and the customer is informed by MAXDA immediately. A few days later the full loan amount can already be made available. The loan provider pays the required funds either to a specified account or disburses them by mail.

MAXDA's versatile loan offering, as an independent service provider working with well-known domestic and foreign credit institutions, brings decisive advantages to every customer. In Germany this loan broker is one of the largest financial service providers. Its professional and free processing of loan inquiries creates trust and a sense of security for consumers. Even customers who find themselves in a financially difficult situation can rely on MAXDA's reliability and competence and hope for quick assistance.