Loan for rent – is that possible?

It happened quickly, once explained a tenant. The monthly costs would have gone over his head. He just could not pay everything anymore. And before he had turned off the public utilities the electricity and gas, he would rather not have paid the rent. Rental debts, however, are a considerable problem, especially for Credither recipients, as they prevent them from being relocated. A loan for rental debt can free from this misery.

Loan Lease Loan: The Different Options

Loan Lease Loan: The Different Options

Whether or not a bank is prepared to lend for rent depends essentially on the amount of these debts. There is no special loan type in this regard. Only the state is prepared to lend such funds to its recipients Credither in order to facilitate this move, which leads to a new employment. If one can prove this, the state does not need any further securities.

For a bank, however, the situation may be different. In the case of a small debt of two to three rents, the financial institution generally proposes to set up a disposition on the current account at this level and to use it as a loan for rental debts. The income which the applicant already has or which can demonstrably be achieved by a move which necessitates the replacement of existing rental debts, serves as collateral. The advantage at the Dispo: The money is immediately available and the return of the Dispo is solely in the hands of the borrower. The downside: Interest rates are much higher than other loans.

Pay off the rental debt

Pay off the rental debt

If the MRP is insufficient to pay off the rental debt, this complicates the situation. In this case, the bank needs at least a small loan in order to use it as a loan for the rental debt. However, the applicant obviously has no significant collateral, which is likely to be reflected in the credit bureau entry. A German bank only awards such a loan if there is a guarantee from a solvent person. However, if you do not have a suitable guarantor at hand, you must hope for a loan from a private person (family or friends) or contact a foreign Internet bank that lends without credit bureau. But even with such a loan for rent, the foreign bank wants to know how to plan to pay back the money.