Good Credit can proudly call itself the second largest bank in Germany, right after Bank. Of course, the Good Credit product portfolio includes various financing solutions. In this article, Deals with the conditions and benefits of the installment loan, which was christened the “dream loan”.
A loan from 1,500 dollars and 2.75%
The desired loan provides for a minimum amount of 1,500 dollars. Good Credit awards a maximum of 50,000 dollars for this product. The offer is aimed exclusively at private consumers. Entrepreneurs, freelancers and the self-employed have to switch to other Good Finance.
The desired loan is a so-called credit-dependent loan. If you apply for the loan, your creditworthiness will be checked in the first step. The result of this check has a significant influence on whether you are granted the loan and the amount of the interest rate. If you have the best credit rating, you will receive a loan interest of 2.75%, in the worst case you will have to pay 13% (effective interest, pa).
You can influence the repayment of the loan with Good Credit between 6 and 84 months. Here, as always, the shorter the term, the higher your monthly rate burden. Plan conservatively and in such a way that you can raise the rates realistically, even in poorer months.
Special repayment every 12 months
Just as urgently as some consumers need a loan, it is sometimes unnecessary prematurely. For example, if an heir has taken office or a salary increase is pending. In these cases, Good Credit enables a special repayment of the loan free of charge every 12 months. In this way, up to 50% of the outstanding loan amount can be repaid early. This way you can avoid unnecessary interest payments.
If the loan is even superfluous within the first 30 days or you find a better offer, you can withdraw from the contract at no extra cost.
Frequently asked questions about Good Credit credit
How long does the application take and when can I expect a payment?
You can simply fill out the loan application on the Good Credit homepage. This usually takes no longer than 5 to 10 minutes. After completing the form, you will immediately receive a preliminary online Good Finance decision. Here you will first be informed whether you will receive a loan at all and the estimated conditions. After an exact check by an employee, the final confirmation is made.
In total, the process from application to payment of the loan takes around 4 days. If you apply for the loan on Mondays, for example, the money should be in your account by the weekend.
What documents do I have to submit?
After the online application, you have to send Good Credit some documents to check your creditworthiness and identity. On the one hand, this is the signed loan application from the online form. A copy of your payroll slip for the past two months and copies of your bank statements for the past 60 days are also required. A valid identity card or passport is mandatory for the authentication test.