Marriage is an institution that binds two people together before the law. They share everything – the assets as well as the debts. Loans are also taken during the marriage. They are part of our daily lives today, are no longer a rarity and always bridge financial bottlenecks when your own capital is not enough. Whether you want to buy a new TV, set up the apartment or invest in a new car, the possibilities for a loan are as diverse as the offers themselves.
The banks and savings banks make no distinction in terms of taking out loans. They do not care. Whether they are taken before, during or after a marriage. All that matters to them is that the creditworthiness of the borrower is sufficient and that sufficient collateral can be provided.
Then a loan during marriage is possible
A loan during marriage can always be put into action if, as a borrower, you can meet the basic conditions for a loan. First and foremost, the creditworthiness has to be right, which consists of several factors. Among other things, income and private credit are included in the credit rating. Depending on which type of loan you choose and what loan amount you want, you have to decide which spouse takes the loan. In most cases, this is the partner who has the better income. Banks also like to see both spouses take credit together during marriage. This provides added security as both partners are liable for the credit and can be prosecuted if repayments occur.
Here the loan can be taken during the marriage
If you can meet all the requirements for a loan during the marriage, then all the doors are open for the loan. Depending on the type of loan and the amount, you can ask each savings bank or bank for the loan. Since the offer is almost unmanageable, it is always worthwhile to determine the best offer with the help of a comparison. You can easily do this on the internet.
With the help of a comparison calculator you save the tedious confrontation of many different offers. The calculator takes over this and automatically determines the best offer based on less information that you have to make the loan. So the credit type and the loan amount is needed. In addition, you should specify how high the monthly installments can be. Based on this information, you will receive several offers within a few seconds. They are completely prepared, so that also a layman recognizes immediately, which offers are hidden behind it and which conditions are connected with it.
If the income of the borrower is not sufficient for taking up the loan, a guarantor must be called in. For a married borrower, the banks always want the spouse as guarantor. Provided, of course, that this can meet all requirements. A housewife or a low earner are only partially to use as a guarantor. Rather, an acceptable income and a good private credit on the part of the guarantor must be present. Only if the spouse can not afford this, the banks and savings banks are willing to allow another guarantor. However, this should also come from the close family environment of the borrower. Fleeting acquaintances or the neighbor do not count here.
A guarantor becomes necessary when the creditworthiness is insufficient to receive the desired credit alone. In addition, he can then serve well, if the term of the loan is very long or if the private credit is not quite so optimal. If there is even a negative entry in the private credit, a guarantor will not suffice as security. Then a co-applicant has to be found who helps to take out the loan.