MAXDA online loan – fast and affordable financing

You are interested in a loan and want to pay as little interest as possible? The MAXDA online loan offers low interest rates, can be applied for easily and paid out quickly. In addition, you can tailor the framework conditions of the MAXDA online loan individually. MAXDA works with many direct banks at home and abroad. This allows us to present you at any time with a loan that is fully tailored to your individual needs. For years, the online loan has therefore become increasingly popular!

Do you currently value particularly low repayment rates, want to build in a payment pause for security, or are you waiting for a larger payment and therefore rely on free special repayments? All of these wishes are not a problem with the MAXDA online loan. Contact us and we will find the online loan that fully meets your needs – of course, we ensure through our loan comparison that we always secure the most favourable interest rates for you. Contact us and start saving a lot of money soon!

Benefits of the MAXDA online loan

Applying for a loan online generally brings several advantages. This includes, among other things, the ability to subject individual offers to a loan comparison in order to obtain particularly favourable conditions in the end. For this reason, we always compare hundreds of different loans for you to find the financing that suits you perfectly and offers good conditions. We can offer you these advantages:

• Online loans from 3,000 Euro
• Get information online and apply for the loan immediately
• Independent of branches and opening hours
• Flexible loan amount & repayment
• Online loan inquiry at MAXDA free of charge
• Fast payout within a few days
• Particularly low interest rates

What are the advantages of the MAXDA online loan comparison?

That a loan comparison can save real money is not a new insight. Market transparency is important not only for loans but for all products. Only in this way can cheap and expensive offers be identified and a well-founded choice made.

With an online loan, the conditions also depend on the loan amount, your creditworthiness as a borrower and the special services. For this reason, we fully address your wishes regarding services, loan amount and term and compare different loans based on this information. But how much can the savings actually be? A small example illustrates this:

Table 1: Example calculation of potential savings from loan comparisons

The savings in the example are quite impressive and can be even greater depending on the individual case. Take advantage of this benefit with the MAXDA online loan!

Apply for the MAXDA online loan immediately

An affordable online loan can make the nice things in life available faster and more easily. Today, the online loan is a normal financial service for many consumers, offering them a number of advantages.
The online loan benefits from its low fees as well as from a large and diverse range. The application process has become much easier over recent years:
After a quick approval, processing is carried out immediately and finally the desired loan amounts are paid out. Within a few years, the online loan thus became a serious internet loan – in real competition with branch banks.
MAXDA was there from the beginning and today has not only many years of experience but also excellent cooperation partners for granting favourable online loans. These loans with SCHUFA information are complemented at MAXDA by offers for online loans without SCHUFA.

The online loan without SCHUFA – an interesting alternative?

The online loan is in most cases an inexpensive instalment loan that is available for free use. Every MAXDA customer can fulfil their wishes at their own discretion. With an online loan, however, you can also refinance or cover an overdraft on an account.
The online loan in all its different forms and offers is generally several percentage points cheaper than the branch bank loan the customer would apply for at their house bank. But what if you have a negative SCHUFA entry?
Often, a conventional financing is then no longer possible because banks regard a SCHUFA entry as a NO-GO for granting a loan.

The MAXDA online loan without SCHUFA – your alternative with a negative SCHUFA entry!

Favourable online loans without SCHUFA are also part of MAXDA’s offering. The loan inquiry is always free and can be made at any time. After all, the biggest advantage of the internet over a branch is the 24-hour opening time seven days a week and 365 days a year.
MAXDA is the specialist for the online loan without SCHUFA: many decades of experience in the field of loans/loans without SCHUFA speak for MAXDA.
For the online loan without SCHUFA, no entry is made in the SCHUFA, because this loan is brokered by MAXDA and paid out by a foreign bank.
In addition, you can rely on the following benefits:

• No notification to SCHUFA (loan does not affect your existing contracts)
• Fast payout within a few days
• Loan amounts over 3,000 Euro are possible

Take your chance now and get in touch with us! We look forward to finding the right online loan without SCHUFA together with you.

What requirements are needed for an online loan without SCHUFA?

Are you interested in an online loan without SCHUFA and wondering what requirements you must meet? Fortunately, it is quite simple, because the MAXDA online loan without SCHUFA is designed so that as many borrowers as possible can use it without difficulty. The following requirements apply:

• Minimum income of 1,150 Euro per month
• Permanent employment outside the probationary period (civil servants, salaried employees, workers)
• Minimum age of 18 years 

  

How to apply for an online loan: the process at MAXDA

You want to apply for an online loan at MAXDA and wonder how the application process works in detail? The procedure is very straightforward today, so that in the ideal case you will have the desired loan amount in your account just a few days after the application. Only the following steps are required:

1. Fill out the online application

First you must complete an online application for your loan. Personal information and information about your employment situation are initially required. In addition, you can already state some preferences regarding the desired amount, so that we can find your desired loan afterwards. In the course of this, we also carry out a SCHUFA check to calculate whether you can use a conventional online loan or whether you may need a SCHUFA-free variant. Your advantage:

• Instant approval based on the information provided

This way you immediately know whether, given your financial circumstances and creditworthiness, taking out a loan is generally possible. So you can basically start planning for the money. 

2. Sign the loan agreement and compile documents\

The loan agreement will be sent to you both by post and by email. If you open it by email, print it out and sign it, you can save a postal trip and thus a lot of time. In addition, banks usually require some documents for granting a loan, such as pay slips, employment contracts and bank statements. For us, a legible copy of the latest pay slip is sufficient. Once you have sent both back to us, the application process is almost complete.

3. Complete the identification
Online loans have many advantages, but there is one small disadvantage: there is normally no direct contact between the bank and you as the borrower. For this reason, you must prove by identification that the information you provided about yourself is actually correct. Today this is often possible in two ways:

• Postident procedure: The Postident procedure is the standard method for identification when you want to conclude a loan online. You go to the nearest post office with a coupon issued by the bank and your identity card or passport and have the staff carry out the identification.
• Videoident procedure: This relatively new method allows identification via video chat. An employee compares your ID held up to the camera with your appearance and takes a photo. After the conversation, you must confirm the video chat via SMS-TAN. The advantage is that you do not have to leave your home for the Videoident procedure.

4. Look forward to the loan payout

Once you have sent everything, you can sit back and wait for the transfer of the loan amount. The money arrives approximately a few days after your loan application.

Online-applied loans make users happy

There are many arguments in favour of the online loan as a modern form of financing. At MAXDA you can get your online loan from a loan amount of 3,000 Euro. Informed online and applied immediately: this is how loan searches work today!
You remain independent of opening hours or distant bank branches, while the modern online loan promises full flexibility in terms of amount, term and desired rate. So why wait? Apply for an online loan free of charge, receive an answer from MAXDA and secure your online loan approval!

Frequently asked questions about the online loan

Due to its popularity, the online loan is used quite frequently. Individual questions always arise that relate to specific situations. The following explains the most frequently asked questions about online financing in more detail.

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How does my creditworthiness affect my online loan?

Before each loan is granted, banks carry out a check of your creditworthiness. In this way, lenders protect themselves against a possible default in which the bank could ultimately be left with the loss. Such a credit check consists of two parts:

1. Your financial capabilities

The most important question regarding the loan grant concerns your financial capabilities. After all, granting a loan is only sensible for banks if you also have the means to repay the loan plus interest. For this reason, it is of course important to know your available income. This results from the difference between income and expenses. To check your income, the bank usually uses your income statement. The expenditure side is only roughly queried by some banks; larger financial institutions often use statistical models based on average values.

2. Your past payment behaviour

The second part of the credit check covers your previous reliability in meeting financial obligations. Here, banks obtain a credit report from SCHUFA or other credit agencies. Possible negative entries such as payment defaults or even personal insolvency are recorded there and lead banks to refrain from granting a loan. In such cases, often only an online loan without SCHUFA helps.
As you can see, the creditworthiness check answers, on the one hand, the question of whether a loan can be granted in your case at all. In addition, you should keep in mind that your creditworthiness also affects the conditions for your online loan. The following rule applies: 
The better your creditworthiness, the lower the interest rate.

Why is an online loan cheaper than at a branch?

Online loans are often highlighted as particularly inexpensive. As a borrower, you will certainly wonder why financing via the internet ultimately brings lower interest rates than a conventional loan from a branch bank. Several reasons can be cited in this context:

• Better comparability: As a consumer, you have the opportunity to compare individual loans and thus quickly find particularly cheap online loans. This already reduces your costs significantly.
• More efficient cost structure: In addition, direct banks from the internet have a significantly better cost structure. Such banks often completely forego cost-intensive branch networks and personal advice. These cost advantages are at least partially passed on in the particularly favourable interest conditions of the respective loans.

If you therefore tend to want to find cheaper loans, an online loan is the right solution for you. MAXDA works with many direct banks at home and abroad to find your desired loan at the lowest possible interest cost.

What documents are required for an online loan?

An online loan is an uncomplicated form of credit that allows you to receive your desired amount quickly and with little effort. Nevertheless, banks naturally require certain documents to grant a loan. These support your information about income and employment. Depending on the bank, the following documents are requested in practice:

• The latest pay slip
• Copy of the employment contract
• Recent bank statements
• Income tax assessments (more common for loans for self-employed persons)

Fortunately, the MAXDA online loan is very straightforward in this regard. We only require a copy of the latest pay slip and the loan search can begin.

What securities are important for an online loan? 

As a rule, collateral for an online loan is provided by your own income. If you can no longer repay a loan, the bank seizes the garnishable parts of your wages. This type of security is generally referred to as wage or salary assignment. However, if your own income is not sufficient, it is also possible to offer other securities:

• Guarantors: A guarantor stands in for the borrower's debts and assumes repayment of the loan if the borrower is unable to pay. Banks today usually expect a guarantor to provide a direct-obligation guarantee (Selbstschuldnerische Bürgschaft), in which the guarantor waives the objection of prior enforcement according to §773 Abs. 1 Nr. 1 BGB. This means the bank does not first have to sue the actual borrower, but can immediately turn to the guarantor if the original debtor does not pay.
• Additional borrowers: A co-borrower is the second option to significantly improve the chances of a loan being granted. For example, your spouse or other relatives could take out the online loan with you. This kind of security is similar to a guarantee because the second borrower is jointly and severally liable. For spouses this is often not a problem and can significantly improve the chances of getting a loan as well as the conditions.

Of course there are many other loan securities such as land charges (land charge and mortgage). However, due to the costs, these do not play a role for an online loan.

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What other services should I pay attention to with an online loan?

Although the effective annual interest rate is undoubtedly the most important decision criterion for online loans, there are other interesting features. These are more or less important depending on personal needs, so you should already think about which aspects are relevant to you before searching for a loan:

1. Free special repayments – faster repayment and lower interest costs

Normally you agree with your lender on fixed instalments when concluding a loan, which include interest and repayment. If you then receive additional and unexpected income during the loan term, it may be worthwhile to repay the online loan early or at least make special repayments.
Since banks lose interest as a result, under §502 Abs. 3 Nr.1 BGB banks may charge a prepayment compensation of up to 1% of the prematurely repaid amount. However, if the lender offers you free special repayments, the prepayment compensation does not apply and you can save a lot of money. Early repayment means you pay interest for a shorter period. A comparison calculation illustrates this:

Table 2: Example calculation of the savings effect from a special repayment

Free special repayments ensure that, on the one hand, you become debt-free faster and, on the other hand, save interest costs. However, such a rule only makes sense if there is at least the possibility that you will have additional income during the loan term. 

2. Free rate adjustments – financial flexibility for borrowers

If you get into financial difficulties during the loan term, a downward rate adjustment can be quite useful. Banks usually charge a fee for this. However, there are also offers where the fee is waived and you can easily adjust your loan instalments to your situation.

3. Free payment pause – breathing room in financial distress
Like rate suspensions, payment pauses are a good tool to gain greater financial leeway in case of payment difficulties. Some providers now offer the option with online loans to pause instalments. In rare cases this is even possible without an additional fee. You should note, however, that a payment pause is often granted only once a year and only if all instalments have been paid properly up to that point.

4. Particularly fast payout – a fully digital application makes it possible

Do you need a suitable online loan particularly quickly? In such a case, lenders that enable a fully digital application are especially recommended. Here you do not have to send the signed loan agreement and your documents by post, but can upload them online and sign the contract digitally. This saves an additional postal trip and you may receive the desired loan amount already 24 hours after your loan application.

5. Credit life insurance – only advisable in rare cases

Online loans are still often offered with the option of credit life insurance. Such a policy covers loan repayment in the event of unemployment, incapacity to work or death. Nevertheless, the insurance is only worthwhile in rare cases because the costs are relatively high. For this reason, you should consider credit life insurance especially in the following situations:

• Large loan amount: The loan amount is over 8,000–10,000 Euro and unemployment or incapacity to work would put you in severe financial difficulty because no reserves are available.
• Very long term: If you take out loans with terms of over 6 years, credit life insurance can be interesting in individual cases. The longer the loan period, the greater the probability that an insured event will occur. 

Nevertheless, it is also important that you look closely at the terms of the policy. For example, repayment in the event of unemployment may be limited in time. This should also be taken into account in your consideration.
Which of these services will ultimately be interesting for you always depends on your personal situation. A prior needs analysis therefore helps you well to find the right online loan.

How exactly does the online loan without SCHUFA work?

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An online loan without SCHUFA is always a great help if you cannot obtain a conventional loan due to a negative SCHUFA entry. The way it works is actually quite simple: fundamentally you also take out a normal instalment loan that you repay in fixed instalments. The differences lie only in the following aspects:

• No SCHUFA report: No SCHUFA report or data from other credit agencies is obtained when the loan is granted. If this does happen, the result of the SCHUFA check has no influence on the loan decision. Thus you can obtain an online loan even with a negative SCHUFA entry.
• No notification to SCHUFA: If you have received an online loan without SCHUFA, it will not be reported to SCHUFA or other credit agencies. This can be important when you already have other financings running and do not want to disclose a deterioration of your debt situation to other contractual partners.

Due to the lack of credit information, an online loan without SCHUFA carries a somewhat higher risk for banks. This is often reflected in higher interest rates than with conventional financing. In addition, the loan amount is often limited to amounts up to 3,000 or 5,000 Euro. 

Conclusion: Take advantage of the benefits of the MAXDA online loan!

Whether replacement purchases, your own vacation or a repair – the reasons for taking out a loan are very varied. If you currently need money, the MAXDA online loan is the right choice for you. We offer you the opportunity to use all the advantages of an online loan. Just tell us your wishes and we will use our loan comparison to find the cheapest offer for you. With the MAXDA online loan you can fulfil your wishes in the shortest possible time and also rely on particularly attractive conditions. Contact us today and we will find the online loan that suits you perfectly and saves your wallet!

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