[{"data":1,"prerenderedAt":292},["ShallowReactive",2],{"content-page:en:topics\u002Floan-collateral":3,"optimized-image:{\"src\":\"\u002Fimages\u002Flegacy\u002Fmaxda\u002Fthemen\u002FKredit Sicherheiten\u002F02_kredit_sicherheiten_schufa-abfragen.png\",\"preset\":\"default\",\"widths\":[640,768,896,1024,1280,1536,1792,2048],\"formats\":[\"webp\"],\"quality\":75,\"fit\":\"cover\"}":259,"optimized-image:{\"src\":\"\u002Fimages\u002Flegacy\u002Fmaxda\u002Fthemen\u002FKredit Sicherheiten\u002Fimage-thumb__1024516__auto_1f891bd5eb142807016c2634ecc9a380\u002F03_fahrzeugschein_als_sicherheit.png\",\"preset\":\"default\",\"widths\":[640,768,896,1024,1280,1536,1792,2048],\"formats\":[\"webp\"],\"quality\":75,\"fit\":\"cover\"}":272,"optimized-image:{\"src\":\"\u002Fimages\u002Flegacy\u002Fmaxda\u002Fthemen\u002FKredit Sicherheiten\u002Fimage-thumb__1024519__auto_1f891bd5eb142807016c2634ecc9a380\u002F04_wie_wählt_man_kreditsicherheit_aus.png\",\"preset\":\"default\",\"widths\":[640,768,896,1024,1280,1536,1792,2048],\"formats\":[\"webp\"],\"quality\":75,\"fit\":\"cover\"}":283},{"page":4,"alternates":254},{"id":5,"title":6,"asideNav":7,"backLink":35,"body":38,"description":239,"extension":157,"hero":240,"hidePageHeader":243,"locale":244,"meta":245,"navigation":243,"pageKind":246,"path":247,"seo":248,"seoDescription":239,"seoTitle":249,"slug":250,"stem":251,"translationKey":252,"__hash__":253},"pages\u002Fpages\u002Fen\u002Ftopics\u002Floan-collateral.md","Loan Collateral",[8,11,14,17,20,23,26,29,32],{"href":9,"label":10},"#1","Loan collateral",{"href":12,"label":13},"#2","What is a loan?",{"href":15,"label":16},"#3","Loan collateral as risk limitation",{"href":18,"label":19},"#4","Loan collateral in the form of Schufa checks",{"href":21,"label":22},"#5","Loan collateral in the event of default",{"href":24,"label":25},"#6","Vehicle registration documents as loan collateral",{"href":27,"label":28},"#7","Guarantee as loan collateral",{"href":30,"label":31},"#8","What to consider regarding loan collateral?",{"href":33,"label":34},"#9","How to choose the appropriate loan collateral?",{"href":36,"label":37},"\u002Fen\u002Ftopics","back",{"type":39,"value":40,"toc":226},"minimark",[41,48,52,55,60,63,71,76,79,85,88,95,100,103,114,121,124,129,132,139,144,147,154,159,166,169,174,177,184,191,196,199,202,209,214,217,220,223],[42,43,44],"p",{},[45,46],"span",{"id":47},"1",[49,50,10],"h2",{"id":51},"loan-collateral",[42,53,54],{},"When are loan collateral requirements necessary when taking out a loan? What can be considered as loan collateral at all? In this article we will answer these questions about taking out loans and loan security.  ",[42,56,57],{},[45,58],{"id":59},"2",[49,61,13],{"id":62},"what-is-a-loan",[42,64,65,66,70],{},"A loan is a time-limited lending of liquid funds by the so-called lender, such as a bank, to the borrower. In the course of the loan agreement the borrower undertakes to repay the ",[67,68,69],"strong",{},"borrowed amount together with agreed interest and any fees"," to the lending institution again according to the previously agreed repayment schedule. The payment of the loan amount is also called the claim.",[42,72,73],{},[45,74],{"id":75},"3",[49,77,16],{"id":78},"loan-collateral-as-risk-limitation",[80,81],"content-image",{"align":82,"alt":16,"size":83,"src":84},"right","sm","\u002Fimages\u002Flegacy\u002Fmaxda\u002Fthemen\u002FKredit Sicherheiten\u002F02_kredit_sicherheiten_schufa-abfragen.png",[42,86,87],{},"During the entire period of the loan, the bank — i.e. the creditor — takes on a certain risk in relation to the borrower — i.e. the debtor — because, while the borrower is legally obliged to repay the loan in full, financial bottlenecks on the part of the borrower can, in the worst case, lead to payments of instalments not being made on time or not being made in full. To protect itself against this case, the bank always requires loan collateral for a loan in the form of loan security.",[42,89,90,91,94],{},"The ",[67,92,93],{},"presentation of these loan securities is of course not without reason",", but serves to secure the bank’s loan and to ensure that the borrower is a suitable candidate for taking out a loan. A distinction must be made here between the loan securities that a borrower must provide before the disbursement of the loan and the loan collateral that can be asserted by the lender in the event of a later default.",[42,96,97],{},[45,98],{"id":99},"4",[49,101,19],{"id":102},"loan-collateral-in-the-form-of-schufa-checks",[42,104,105,106,109,110,113],{},"Among the loan collateral that a borrower must already provide in advance are, for example, ",[67,107,108],{},"proof of employment"," or income, as well as the ",[67,111,112],{},"check of the Schufa"," carried out by the lender, unless it is a loan without Schufa. These loan securities serve to initially evaluate the borrower and therefore represent a security for the bank, as they provide reliable information as to whether the borrower actually has sufficient creditworthiness to take out the loan.",[42,115,116,117,120],{},"These loan securities are of course not seizable and cannot be used to settle a remaining debt; they initially serve only to evaluate creditworthiness, thereby allowing a lender to secure itself for the first time. After all, it is obvious that a borrower's default is always associated with difficulties and effort for the lender, which is why the ",[67,118,119],{},"proofs of creditworthiness lay the foundation for a successful cooperation",".",[42,122,123],{},"By the way, the query of the Schufa entry (except for foreign or Swiss banks) also counts as loan collateral, as the lender can learn more about a borrower’s current and past financial situation here.",[42,125,126],{},[45,127],{"id":128},"5",[49,130,22],{"id":131},"loan-collateral-in-the-event-of-default",[42,133,134,135,138],{},"Further loan securities are assets that can be used to settle a remaining debt. If the borrower's financial situation no longer allows him to make the instalment payments on time and in full, the lender has the right to seize parts of the borrower's assets. These ",[67,136,137],{},"loan securities are anchored in a loan agreement"," and serve to increase creditworthiness when applying.",[42,140,141],{},[45,142],{"id":143},"6",[49,145,25],{"id":146},"vehicle-registration-documents-as-loan-collateral",[42,148,149,150,153],{},"Loan collateral that is used very frequently includes, for example, vehicle registration documents. In this case the borrower willingly transfers ownership of the car to the bank for a fixed period, namely for the duration of the loan. Ownership changes with the registration document, yet the borrower remains the possessor of the car, which means it can still be used freely. This ",[67,151,152],{},"process is called transfer of ownership as security (Sicherungsübereignung)",". In a Sicherungsübereignung the creditor becomes the owner and the debtor the possessor. After the loan amount has been repaid and the debt settled, the debtor becomes the owner again. If the loan is repaid as planned, the registration document is returned to the borrower. For the borrower there are no disadvantages in this case, except that he temporarily gives up the ownership right to his vehicle. The creditor, of course, reserves the right to seize the car and sell it in the event of missed payments to cover the debtor's remaining debt. This loan security belongs to the right of pledge (Pfandrecht). The creditor has acquired the pledge if the debtor cannot meet the claim.",[80,155],{"align":156,"alt":25,"size":157,"src":158},"center","md","\u002Fimages\u002Flegacy\u002Fmaxda\u002Fthemen\u002FKredit Sicherheiten\u002Fimage-thumb__1024516__auto_1f891bd5eb142807016c2634ecc9a380\u002F03_fahrzeugschein_als_sicherheit.png",[42,160,161,162,165],{},"Paid-off real estate or the owner-occupied home is also often included in a loan agreement, as these can also be easily seized by the bank and promise a high resale value. These foreclosures are an important component of loan collateral, but they play no role as long as the debtor simply meets the required instalments and can repay the loan as planned. The ",[67,163,164],{},"financial encumbrance of a property is called a Grundschuld",". The Grundschuld therefore secures the borrower's debts. This Grundschuld is recorded in the land register (Grundbuch). The entry in the land register must follow a standardized procedure. However, the Grundschuld must not be confused with a mortgage (Hypothek).",[42,167,168],{},"Real estate counts as tangible collateral. With real estate this can also be resolved in the form of a mortgage. Mortgages are a real lien and are entered in the land register. With a mortgage the borrower transfers to the bank, up to a certain amount, the right to his residential property. In return the lending institution gives the borrower the requested money and the bank now has the tangible security that it will not incur losses from the loan agreement.",[42,170,171],{},[45,172],{"id":173},"7",[49,175,28],{"id":176},"guarantee-as-loan-collateral",[42,178,179,180,183],{},"Another frequently used loan security is the use of a guarantor (also called personal security). A guarantee is not used exclusively in lending, but for example also when ",[67,181,182],{},"renting an apartment by persons with low creditworthiness",". The appointed guarantor must always voluntarily agree to be liable, in the event of default, with his entire income and all his assets for the borrower's debt. The guarantor does not hold a share of the loan amount himself, nor is his position in the loan agreement active over the entire term, unless the borrower can no longer pay his debts to the lender and cannot meet the claims.",[42,185,186,187,190],{},"Since the guarantor, as personal security, bears a high risk without receiving a benefit, potential guarantors ",[67,188,189],{},"are often only found within the immediate family",". The trust of the guarantor in the borrower must be so high that the guarantor can be sure that he will never be held liable for the loan in the event of default.",[42,192,193],{},[45,194],{"id":195},"8",[49,197,31],{"id":198},"what-to-consider-regarding-loan-collateral",[42,200,201],{},"Furthermore, the guarantor, if he serves as one of the loan securities, must of course also have an appropriate income. His creditworthiness is added to the borrower's creditworthiness, which also makes it possible to successfully apply for larger loan amounts. Many banks want a guarantor when the borrower himself has insufficient creditworthiness. In addition, unemployed persons or persons with very low income can also obtain a loan if another person with their own income and assets guarantees for them.",[42,203,204,205,208],{},"This circumstance applies equally to a loan without Schufa, because foreign banks also use guarantors to increase the borrower's creditworthiness and consequently be able to grant larger loans. ",[67,206,207],{},"Loan securities are therefore an essential component of the lending business",", as they often decide whether a loan is even granted and, if so, the amount the borrower can take out. Credit institutions of course view borrowers who can present many securities or property of high value particularly positively, as these are considered safe borrowers who in most cases will repay the loan as planned rather than default.",[42,210,211],{},[45,212],{"id":213},"9",[49,215,34],{"id":216},"how-to-choose-the-appropriate-loan-collateral",[42,218,219],{},"Which loan securities are required exactly and to what extent they must be provided can be quickly found out via the loan application. Here borrowers are already informed which proofs and securities must be submitted, and additionally the borrower can of course always choose the optional loan securities, such as a guarantee, provided they are available.",[42,221,222],{},"Whether a suitable guarantor can be found always depends on the borrower's individual environment, because on the one hand at least one person must be willing to act as guarantor at all, and on the other hand that person must also have sufficient creditworthiness. Only then can the guarantor be fully recognised and thus help the borrower to obtain the loan successfully, or make a higher-value loan possible in the first place.",[80,224],{"align":156,"alt":34,"size":157,"src":225},"\u002Fimages\u002Flegacy\u002Fmaxda\u002Fthemen\u002FKredit Sicherheiten\u002Fimage-thumb__1024519__auto_1f891bd5eb142807016c2634ecc9a380\u002F04_wie_wählt_man_kreditsicherheit_aus.png",{"title":227,"searchDepth":228,"depth":228,"links":229},"",2,[230,231,232,233,234,235,236,237,238],{"id":51,"depth":228,"text":10},{"id":62,"depth":228,"text":13},{"id":78,"depth":228,"text":16},{"id":102,"depth":228,"text":19},{"id":131,"depth":228,"text":22},{"id":146,"depth":228,"text":25},{"id":176,"depth":228,"text":28},{"id":198,"depth":228,"text":31},{"id":216,"depth":228,"text":34},"Loan Collateral ► Facts and tips on securing loans ✓ Limiting risk through collateral ✓ Get informed at MAXDA and receive personal advice now",{"ctaHref":241,"ctaLabel":242,"image":227,"lead":227,"title":6},"\u002Fanfrage","Apply for your desired loan now",true,"en",{},"legacy-topic","\u002Fpages\u002Fen\u002Ftopics\u002Floan-collateral",{"title":6,"description":239},"Loan Collateral ▷ All facts at a glance on MAXDA","topics\u002Floan-collateral","pages\u002Fen\u002Ftopics\u002Floan-collateral","legacy-themen-path-kredit-sicherheiten","39RoLxOR6f_QIP879Sec-uz41t3UrPk2MNw2e-VOKfM",[255,258],{"locale":256,"slug":257},"de","themen\u002Fkredit-sicherheiten",{"locale":244,"slug":250},{"cacheKey":260,"fallback":261,"height":265,"sourceSha256":266,"sourceUrl":84,"sources":267,"width":271},"derived\u002Fimages\u002Fv1\u002Fd1104cf1e6f3f975453b88e89c88b4b38edcdf3265b1d7013615cd19a440ccd8\u002Ff739052451a5fab05fc75e24",{"src":262,"srcset":263,"type":264},"https:\u002F\u002Fmaxda-staging.fra1.digitaloceanspaces.com\u002Fderived\u002Fimages\u002Fv1\u002Fd1104cf1e6f3f975453b88e89c88b4b38edcdf3265b1d7013615cd19a440ccd8\u002Ff739052451a5fab05fc75e24268.jpg","https:\u002F\u002Fmaxda-staging.fra1.digitaloceanspaces.com\u002Fderived\u002Fimages\u002Fv1\u002Fd1104cf1e6f3f975453b88e89c88b4b38edcdf3265b1d7013615cd19a440ccd8\u002Ff739052451a5fab05fc75e24268.jpg 268w","image\u002Fjpeg",178,"d1104cf1e6f3f975453b88e89c88b4b38edcdf3265b1d7013615cd19a440ccd8",[268],{"srcset":269,"type":270},"https:\u002F\u002Fmaxda-staging.fra1.digitaloceanspaces.com\u002Fderived\u002Fimages\u002Fv1\u002Fd1104cf1e6f3f975453b88e89c88b4b38edcdf3265b1d7013615cd19a440ccd8\u002Ff739052451a5fab05fc75e24268.webp 268w","image\u002Fwebp",268,{"cacheKey":273,"fallback":274,"height":277,"sourceSha256":278,"sourceUrl":158,"sources":279,"width":282},"derived\u002Fimages\u002Fv1\u002Ffdc6d85fc82959125de15da5e59cf066b50c2c69e04a936194146bd87b7e8d7b\u002Ff739052451a5fab05fc75e24",{"src":275,"srcset":276,"type":264},"https:\u002F\u002Fmaxda-staging.fra1.digitaloceanspaces.com\u002Fderived\u002Fimages\u002Fv1\u002Ffdc6d85fc82959125de15da5e59cf066b50c2c69e04a936194146bd87b7e8d7b\u002Ff739052451a5fab05fc75e24600.jpg","https:\u002F\u002Fmaxda-staging.fra1.digitaloceanspaces.com\u002Fderived\u002Fimages\u002Fv1\u002Ffdc6d85fc82959125de15da5e59cf066b50c2c69e04a936194146bd87b7e8d7b\u002Ff739052451a5fab05fc75e24600.jpg 600w",200,"fdc6d85fc82959125de15da5e59cf066b50c2c69e04a936194146bd87b7e8d7b",[280],{"srcset":281,"type":270},"https:\u002F\u002Fmaxda-staging.fra1.digitaloceanspaces.com\u002Fderived\u002Fimages\u002Fv1\u002Ffdc6d85fc82959125de15da5e59cf066b50c2c69e04a936194146bd87b7e8d7b\u002Ff739052451a5fab05fc75e24600.webp 600w",600,{"cacheKey":284,"fallback":285,"height":277,"sourceSha256":288,"sourceUrl":225,"sources":289,"width":282},"derived\u002Fimages\u002Fv1\u002Fe0b390e38d889869232ea212640b86423b84440d38a721b1e769f1bdf36ce641\u002Ff739052451a5fab05fc75e24",{"src":286,"srcset":287,"type":264},"https:\u002F\u002Fmaxda-staging.fra1.digitaloceanspaces.com\u002Fderived\u002Fimages\u002Fv1\u002Fe0b390e38d889869232ea212640b86423b84440d38a721b1e769f1bdf36ce641\u002Ff739052451a5fab05fc75e24600.jpg","https:\u002F\u002Fmaxda-staging.fra1.digitaloceanspaces.com\u002Fderived\u002Fimages\u002Fv1\u002Fe0b390e38d889869232ea212640b86423b84440d38a721b1e769f1bdf36ce641\u002Ff739052451a5fab05fc75e24600.jpg 600w","e0b390e38d889869232ea212640b86423b84440d38a721b1e769f1bdf36ce641",[290],{"srcset":291,"type":270},"https:\u002F\u002Fmaxda-staging.fra1.digitaloceanspaces.com\u002Fderived\u002Fimages\u002Fv1\u002Fe0b390e38d889869232ea212640b86423b84440d38a721b1e769f1bdf36ce641\u002Ff739052451a5fab05fc75e24600.webp 600w",1791352253987]