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Taking out a loan should not lead to excessive debt. BANK-now ensures responsible lending in accordance with legal regulations. In addition to income, assets, and existing obligations, we ask about the amount of your rent, calculate the taxes owed, and determine other fixed expenses.
By law, the borrower must also wait 14 days to receive the payment of the loan. During this time, they can withdraw from the credit agreement free of charge, even if the agreement has already been signed. The purpose of this waiting period is to protect the borrower and prevent imprudent borrowing. With BANK-now, clients also benefit from a right of withdrawal that goes beyond this legal requirement.
As a basic principle, you should not choose too high a repayment installment for your personal loan because if the installment cannot be paid, you will have to contend with interest on arrears. To avoid this situation, the monthly payment of an installment can be deferred twice over the term of the contract free of charge with BANK-now. Irrespective of this, the borrower is entitled to pay back more than agreed at any time. Learn more about payment deferral here.
We are happy to take the time to give you personal, non-binding, free advice, either by telephone or at a branch near you. If you would like to get an overview of your individual budget in advance, you can use our finance check.
