MAXDA online loan – fast and affordable financing

Are you interested in a loan and want to pay as little interest as possible? The MAXDA online loan offers competitive interest rates, can be applied for easily and paid out quickly. In addition, you can tailor the terms of the MAXDA online loan to your individual needs. MAXDA works with many direct banks at home and abroad. This enables us to present you with a loan at any time that is fully tailored to your individual requirements. That is why the online loan has been becoming increasingly popular for years!

Are you currently placing particular importance on especially low repayment installments, want to include a repayment holiday for security, or are you waiting for a large payment and therefore relying on fee-free extra repayments? All these wishes are no problem with the MAXDA online loan. Contact us and together we will find the online loan that fully meets your needs – of course, our loan comparison ensures that we always secure the most favorable interest rates for you. Get in touch with us and start saving a lot of money soon!

Advantages 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 ultimately obtain particularly favorable terms. For this reason, we always compare hundreds of different loans for you to find the financing that perfectly suits you and offers good conditions. We can offer you these advantages:

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

What are the benefits of the MAXDA online loan comparison?

It is not new that a loan comparison can save you real money. Market transparency is important not only for loans but for all products. Only in this way can cheap and expensive offers be identified and an informed choice made.

With an online loan, it is additionally complicated by the fact that 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 various loans based on this information. But how high can the saving actually be? A small example should illustrate this:

Table 1: Example calculation of savings potential from loan comparisons

The saving in this example is quite impressive and may 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 nicer things in life available faster and more easily. The online loan is now a standard financial service for many consumers, offering them a number of advantages.
The online loan benefits from its low fees as well as a large and diverse range. The application process has become much simpler in recent years:
After a quick approval, processing begins immediately and the requested loan amounts are paid out. Within a few years, the online loan has thus become a serious internet-based loan – in real competition with branch banks.
MAXDA has been involved from the start and today not only has many years of experience but also excellent cooperation partners for granting favorable online loans. These loans with SCHUFA information are complemented at MAXDA by the offer of online loans without SCHUFA.

The online loan without SCHUFA – an interesting alternative?

The online loan is in most cases an affordable installment loan that is available for general use. Every MAXDA customer can thus fulfill their wishes as they see fit. With an online loan, you can also refinance or cover an overdraft on an account.
Internet loans in all their different forms and offers are usually several percentage points cheaper than a branch bank loan that a customer applies for at their house bank. But what if you have a negative SCHUFA entry?
Often, conventional financing is then no longer possible because banks consider a SCHUFA entry a NO-GO for granting a loan.

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

Affordable 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 lending/loans without SCHUFA speak in favor of MAXDA.
With the online loan without SCHUFA, no entry is made in the SCHUFA, because this loan is mediated by MAXDA and paid out by a foreign bank.
In addition, you can rely on the following benefits:

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

Take advantage of your chance now and contact us! We look forward to finding the right online loan without SCHUFA for 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 per month
• Permanent employment outside the probationary period (civil servants, employees, workers)
• Minimum age of 18 years 

  

Apply for an online loan: the process at MAXDA!

Would you like 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 applying. Only the following steps are required:

1. Fill out the online application

First you must complete an online application for your loan. Initially, information about your person and your employment situation is required. In addition, you can already state some preferences regarding the desired amount, so that we can then find your desired loan. In the process, we also perform a SCHUFA inquiry to determine whether you can use a conventional online loan or may need a SCHUFA-free variant. Your advantage:

• Instant approval based on the information provided

This way you immediately know whether taking out a loan is generally possible given your financial circumstances and creditworthiness. You can therefore basically plan for the money.

2. Sign the loan agreement and compile documents\

The loan agreement will be sent to you both by post and by e-mail. If you open, print and sign it via e-mail, you can save a postal route and thus a lot of time. In addition, banks normally require some documents for granting a loan such as pay slips, employment contracts and bank statements. With us, a legible copy of the most recent payslip is completely 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 also a small drawback: 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 indeed correct. Today this is often possible in two ways:

• Postident procedure: The Postident procedure is the standard method of 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 ID card or passport and have the employee carry out the identification.
• Videoident procedure: This relatively new method allows identification via a video chat. An employee compares your ID held up to the camera with your appearance and photographs the process. After the call, you must confirm the video chat with an SMS TAN. The advantage is that you do not have to leave your house 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 will arrive approximately a few days after your loan application.

Online-applied loans make users happy

Many things speak in favor of the online loan as a modern form of financing. At MAXDA you can get your online loan starting from a loan amount of €3,000. Informed online and applied right away: that is how loan search works 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 installment. So why wait? Apply for an online loan for free, 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 overall. Individual questions always arise that relate to specific situations. The following therefore explains the most frequent questions about online financing in more detail.

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How does my creditworthiness affect my online loan?

Before any 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 incur a loss. Such a credit check consists of two parts:

1. Your financial capacity

The most important question regarding loan approval concerns your financial capacity. After all, granting a loan only makes sense 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 disposable income. This results from the difference between income and expenses. To verify your income, the bank will usually refer to your income statement. The expense side is queried roughly by some banks, but larger financial institutions in particular use statistical models based on average values.

2. Your past payment behavior

****The second part of the credit check covers your past reliability in meeting financial obligations. Banks obtain a credit report from SCHUFA or other credit agencies. Any 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, an online loan without SCHUFA is often the only remaining option.
As you can see, the credit check answers on the one hand the question of whether loan approval is possible in your case at all. In addition, you should keep in mind that your creditworthiness also influences the terms 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 promoted as particularly inexpensive. As a borrower, you may well ask why financing over the internet ultimately brings lower interest rates than a conventional loan from a branch bank. Various reasons can be cited in this context:

• Better comparability: As a consumer, you have the option to compare individual loans and thus quickly find the particularly favorable online loans. This already significantly reduces your costs.
• More efficient cost structure: In addition, direct banks from the internet also have a significantly better cost structure. Often such banks completely waive costly branch networks and personal consultation. These cost advantages flow at least partially into the particularly favorable interest terms of the corresponding loans.

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

Which 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 without much effort. Nevertheless, banks of course require certain documents to grant a loan. These substantiate your information about income and employment. Depending on the bank, the following documents are commonly requested in practice:

• The most recent payslip
• Copy of the employment contract
• Recent bank statements
• Income tax assessments (rather for loans for self-employed people)

Fortunately, the MAXDA online loan is very straightforward in this regard. We only require a copy of the most recent payslip and then the loan search can begin.

Which collateral is important for an online loan?

In normal cases, collateral for an online loan is provided via your own income. If you can no longer repay a loan, the bank garnishes the attachable parts of your wage. This type of collateral is generally referred to as assignment of wages or salary. However, if your income is insufficient, it is also possible to offer other forms of collateral:

• Guarantors: A guarantor assumes responsibility for the borrower's debts and takes over repayment of the loan if the actual borrower becomes unable to pay. Banks today usually expect a guarantor to provide an absolute guarantee (self-debtor guarantee), where the guarantor waives the plea of prior enforcement pursuant to §773 Abs. 1 Nr. 1 BGB. Thus the bank does not first have to sue the original borrower but can immediately turn to the guarantor if the original debtor does not pay.
• Additional borrowers: Another borrower is the second option to significantly improve the chances of loan approval. For example, your spouse or other relatives could take out the online loan with you. This form of collateral is similar to a guarantee since the second borrower is jointly and severally liable. For married couples this is often no problem and can significantly improve the chance of obtaining a loan as well as the terms.

Of course, there are many other forms of loan collateral such as real estate liens (land charge and mortgage). However, due to the costs involved, these do not play a role in online loans.

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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 service features. These are more or less important depending on personal needs, so you should already consider before searching for a loan which aspects are relevant to you:

1. Fee-free extra repayments – faster repayment and lower interest costs

****Normally you agree with your lender when concluding a loan on fixed installments that include interest and principal. If you receive additional and unexpected income during the loan term, it may well be worth repaying the online loan early or at least making extra repayments.
Since banks then lose interest, banks may demand a prepayment penalty of up to 1% of the prematurely repaid amount under §502 Abs. 3 Nr.1 BGB. However, if the lender offers you free extra repayments, the prepayment penalty does not apply and you can potentially 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 saving effect through an extra repayment

Free extra repayments therefore ensure that you are both debt-free faster and also save interest costs. However, such a provision only makes sense if there is at least a possibility that you will receive additional income during the loan term.

2. Free installment adjustments – financial flexibility for borrowers

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

3. Fee-free repayment holidays – breathing room in financial distress
Like installment suspensions, repayment holidays are a good tool to provide greater financial leeway in case of payment difficulties. Some providers now offer the option of pausing installments on online loans. In rare cases this is even possible without an additional fee. However, you should note that a repayment holiday is often granted only once a year and only possible if all installments have been paid on time 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 recommended. Here you do not have to sign the loan agreement and send it by post with your documents, but can upload it online and sign the contract digitally. This saves you an additional postal route and you can receive the desired loan amount as early as 24 hours after your loan application in the best case.

5. Default insurance – only sensible in rare cases

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

• High loan amount: The loan amount is over €8,000–10,000 and unemployment or incapacity to work would plunge you into major financial problems because no reserves are available.
• Very long term: If you take out loans with terms of more than 6 years, residual debt 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 conditions of the policy. For example, repayment in the event of unemployment is sometimes limited in time. This should also play a role in your consideration.
Which of these services is ultimately interesting for you always depends on your personal situation. A prior needs analysis therefore helps you 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 big help if you cannot obtain a conventional loan due to a negative SCHUFA entry. The operation is actually quite simple, because in principle you also take out a normal installment loan here that you repay in equal installments. The differences lie only in the following aspects:

• No SCHUFA report: When granting the loan, no SCHUFA report or data from other credit agencies is obtained. If this is done, 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, this loan will not be reported to SCHUFA or other credit agencies. This can be important if you already have other financings and do not want a deterioration of your debt situation to be disclosed to other contracting parties.

Due to the lack of a credit report, an online loan without SCHUFA entails 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.

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 diverse. If you need money right now, the MAXDA online loan is the right choice for you. We offer you the opportunity to take advantage of all the benefits of an online loan. Simply tell us your wishes and we will use our loan comparison to find the most favorable offer for you. With the MAXDA online loan you can fulfill your wishes in the shortest possible time and also rely on particularly attractive terms. Contact us today and together we will find the online loan that fully suits you and also protects your wallet!

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