Online Loan

MAXDA Online Loan – fast and affordable financing

Are you interested in a loan and want to pay the lowest possible interest? The MAXDA online loan offers attractive rates, can be applied for easily and paid out quickly. In addition, you can tailor the framework conditions of the MAXDA online loan completely to your needs. MAXDA works with a large number of direct banks at home and abroad. This allows us to present you with a loan at any time that is fully tailored to your individual needs. For years, the online loan has therefore become increasingly popular!

Do you currently value particularly low repayment rates, want to include a payment break for safety, or are you waiting for a larger payment and therefore rely on free prepayments? All of these wishes are no problem with the MAXDA online loan. Contact us and we will find the online loan that fully meets your needs – of course our loan comparison ensures that we always secure the most favourable interest rates for you. Contact 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 possibility to subject individual offers to a loan comparison in order to ultimately obtain particularly favourable terms. For this reason, we always compare hundreds of different loans for you to find the financing that best suits you and offers good conditions. We can offer you the following advantages:

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

What are the benefits of the MAXDA online loan comparison?

That you can save real money with a loan comparison is not a new insight. Market transparency is important not only for loans but for all products. Only in this way can cheap and expensive offers be identified and a sound selection be made.

With an online loan, it is additionally made more complicated by the fact that the terms also depend on the loan amount, your creditworthiness as a borrower and any special services. For this reason, we fully accommodate your wishes regarding services, loan amount and term and compare different loans based on this information. But how large can the savings actually be? A small example should illustrate this:

Table 1: Example calculation of savings potential from loan comparisons

The savings in the example are quite impressive and can be even larger depending on the individual case. Use this advantage with the MAXDA online loan!

Apply for the MAXDA online loan immediately

An attractive online loan can make the nice things in life available faster and more easily. The online loan today is a normal financial service for many consumers, offering them a range of advantages.
The online loan benefits from its low fees as well as from a large and diverse range. The application process has become much simpler in recent years:
After a quick approval, processing and ultimately the payout of the requested loan amount follow immediately. Within a few years, the online loan has become a serious internet loan – in real competition with branch banks.
MAXDA has been there from the start and today, in addition to many years of experience, has excellent cooperation partners for the provision of favourable online loans. These loans with SCHUFA information are complemented at MAXDA by the offering of online loans without SCHUFA. 

The online loan without SCHUFA – an interesting alternative?

The online loan is in most cases an affordable installment loan available for free use. Every MAXDA customer can fulfil their wishes at their own discretion. With an online loan, however, you can also refinance existing loans or balance an overdrawn account.
The online loan in all its different forms and offers is generally several percentage points cheaper than the branch bank loan that the customer applies for at their house bank. But what if you have a negative SCHUFA entry?
Often a conventional financing is then no longer possible because banks consider a SCHUFA entry a no-go for issuing a loan.

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

Affordable online loans without SCHUFA are part of MAXDA's offering as well. 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, seven days a week and 365 days a year.
MAXDA is the specialist for the online loan without SCHUFA: many decades of experience in credit/loans without SCHUFA speak for MAXDA.
With the online loan without SCHUFA, no entry in the SCHUFA is made, because this loan is mediated by MAXDA and paid out by a foreign bank.
In addition, you can also rely on the following advantages:

• No notification to SCHUFA (the 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 get in touch with us! We look forward to finding the right MAXDA online loan without SCHUFA for you.

What requirements are necessary for an online loan without SCHUFA?

Are you interested in an online loan without SCHUFA and wondering which 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 problems. 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 

  

Applying for an online loan: This is the process at MAXDA!

Do you want to apply for an online loan at MAXDA and wonder how the application process works? The procedure is very uncomplicated today, so that in the ideal case you will have the requested loan amount in your account just a few days after the application. Only the following steps are required:

1. Fill out the online application

First you must fill out an online application for your loan. Initial information about your person and your employment situation is required here. In addition, you can already state some preferences regarding the desired amount, so that we can find your desired loan afterwards. In the course of this we also perform a SCHUFA query to calculate 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, given your financial framework and your creditworthiness, taking out a loan is generally possible. You can therefore basically plan the money already. 

2. Sign the loan agreement and compile the documents\

The loan agreement will be sent to you both by post and by email. If you open, print and sign it from the email, you can save time by avoiding postal transit. Additionally, banks usually require some documents for a loan such as payslips, employment contracts and bank statements. For us, a legible copy of the last payslip is completely sufficient. Once you have sent both back to us, the application process is almost complete.

3. Complete the identification
Although online loans have many advantages, there is also a small disadvantage: there is usually 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. This is often possible today in two ways:

• Postident procedure: The Postident procedure is the standard method for identification when you take out 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 staff carry out the identification.
• Videoident procedure: This relatively new method allows identification via a video chat. In doing so, an employee compares your ID held to the camera with your appearance and photographs the process. After the conversation, you must confirm the video chat by SMS-TAN. The advantage is that you do not have to leave your home 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

There are many arguments in favour 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. Inform online and apply immediately: that’s how loan search works today!
You remain independent of opening hours or distant bank branches, while the modern online loan promises full flexibility regarding amount, term and desired rate. So why wait? Apply for an online loan free of charge, receive a response from MAXDA and secure an 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 most common questions about online financing are therefore explained in more detail below.

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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 payment default in which the bank may ultimately incur a loss. Such a credit check consists of two subareas:

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 available income. This results from the difference between income and expenses. To verify your income, the bank usually looks at your proof of income. The expense side is only roughly queried by some banks, but larger financial institutions often use statistical models based on average values.

2. Your past payment behaviour

****The second part of the credit check includes 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, often only an online loan without SCHUFA helps.
As you can see, the credit check answers, on the one hand, the question of whether a loan can be granted in your case at all. In addition, you should keep in mind that your creditworthiness also influences the terms of 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 highlighted as particularly cheap. As a borrower you will surely ask yourself why financing via the internet ultimately results in 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 opportunity to compare individual loans and thus quickly find particularly cheap online loans. This already reduces your costs considerably.
• More efficient cost structure: In addition, direct banks from the internet also have a significantly better cost structure. Often such banks forego expensive branch networks and personal advice altogether. These cost advantages are at least partially passed on in the form of particularly favourable interest conditions for relevant loans. 

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

What documents are required for an online loan?

An online loan is an uncomplicated loan form that allows you to receive your desired amount quickly and without much effort. Nevertheless, banks naturally require certain documents for granting a loan. These substantiate your information about income and employment situation. Depending on the bank, the following documents are commonly requested in practice:

• The last payslip
• Copy of the employment contract
• Recent bank statements
• Income tax assessments (more common for self-employed loans)

Fortunately, the MAXDA online loan is very straightforward in this respect. We only require a copy of the last payslip and the loan search can begin.

Which securities are important for an online loan? 

Normally, collateral for an online loan is provided by your own income. If you can no longer repay a loan, the bank will garnish the garnishable parts of your wages. This type of security is generally referred to as assignment of wages or salary. However, if your income is not sufficient, you also have the option of offering other securities:

• Guarantors: A guarantor stands in for the debts of the borrower and takes over repayment of the loan if the original borrower is unable to pay. Banks today usually expect a guarantor to provide an absolute liability guarantee, where the guarantor waives the plea of prior enforcement according to §773 Para. 1 No. 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: A second borrower is the other option to significantly improve the chances of loan approval. Your spouse or other relatives could, for example, take out the online loan with you. This type of collateral is similar to a guarantee insofar as the second borrower is jointly and severally liable. For married couples this is often not a problem and can significantly improve the chance of obtaining a loan and the terms.

Of course there are also many other loan securities such as mortgage charges (land charge and mortgage). However, these are not relevant for an online loan due to the costs involved.

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What other features should I consider for an online loan?

Even though 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 your personal needs, so you should already think about which aspects might be relevant to you before starting the loan search:

1. Free extra repayments – faster repayment and lower interest costs

****Normally you agree on fixed instalments with your lender when concluding a loan, which include interest and repayment. If you receive additional and unexpected income during the loan term, it can be worthwhile to repay the online loan early or at least make extra repayments.
Since banks lose interest as a result, they may demand a prepayment penalty of a maximum of 1% of the prepaid amount according to §502 Para. 3 No. 1 BGB. However, if the lender offers free extra repayments, the prepayment penalty does not apply and you can potentially save a lot of money. Early repayment means that you pay interest for a shorter period. A comparative calculation shall illustrate this:

Table 2: Example calculation of the saving effect through an extra repayment

Free extra repayments ensure that you, on the one hand, become debt-free faster and, on the other hand, save interest costs. However, such an arrangement only makes sense if there is at least the possibility that you will have additional income during the loan term. 

2. Free instalment adjustments – financial flexibility for borrowers

****If you get into financial difficulties during the loan term, a downward instalment adjustment can be quite attractive. Banks usually charge a fee for this. However, there are also offers where the fee is waived and you can adjust your loan instalments to your situation without problems.

3. Free payment breaks – breathing room in financial distress
Like instalment suspensions, payment breaks are a good tool to provide greater financial leeway in case of payment difficulties. Some providers now offer the option of pausing instalments for online loans. In rare cases this is even possible without an additional fee. You should note, however, that a payment break is often granted only once a year and only if all instalments have been paid properly until then.

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 especially recommended. Here you do not have to send the signed loan agreement and documents by post, but can upload them online and sign the contract digitally. This saves a postal step and you may receive the desired loan amount already 24 hours after your loan application in the best case.

5. Residual debt insurance – only useful in rare cases

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

• High loan amount: The loan amount is over €8,000–10,000 and unemployment or incapacity to work would push you into major financial problems because no reserves are available.
• Very long term: If you take out loans with terms of over 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 carefully at the conditions of the policy. For example, repayment in the event of unemployment is sometimes very limited in time. This should also be taken into account in your consideration.
Which of these services are ultimately interesting for you always depends on your personal situation. A prior needs analysis will therefore help you a lot to 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 great help if you cannot obtain a conventional loan due to a negative SCHUFA entry. The functionality is actually quite simple, because fundamentally you also take out a normal instalment loan here that you repay in equal instalments. The differences only lie in the following aspects:

• No SCHUFA report: No SCHUFA report or data from other credit agencies is obtained when granting the loan. If this does happen, 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, it is not 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 contractual partners. 

Due to the lack of a credit report, an online loan without SCHUFA carries a somewhat higher risk for banks. This often results 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: Benefit from the advantages of the MAXDA online loan!

Whether replacement purchases, your own holiday or a repair – the reasons for taking out a loan are very diverse. If you need money right now, the MAXDA online loan is exactly right for you. We offer you the opportunity to use all the advantages of an online loan. Simply tell us your wishes and we will use our loan comparison to find the most favourable offer for you. With the MAXDA online loan you can fulfil your wishes within the shortest time and also rely on particularly attractive conditions. Contact us today and we will find the online loan that fully suits you and protects your wallet!

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