General information on money lending

Private loans can be based on a commercial money lending business or a private money lending arrangement. An inexpensive loan is often the easily applied-for and quickly approved online loan that many consumers favor today for borrowing money.

Loans through money lending: A long history

The history of money lending goes far back. Already in antiquity, wealthy Roman merchants granted loans to good customers in exchange for the payment of high interest.

In Germany money lenders have been known since the Middle Ages under the names Fugger and Rotschild. As these dynasties spread further across Europe, an initial banking system emerged.

Who are the money lenders today?

Lending money is the core business for a bank. Consumers can also obtain a necessary loan from a private lender (friends, acquaintances, relatives) on more favorable terms than a commercial lender might offer. In such cases, a private lender will generally waive a Schufa check.

With commercial money lending you always repay a certain monthly installment including interest and additional fees for the borrowed amount.

A personal loan from relatives as lender and borrower often waive fees or interest payments, so borrowing through a private lender is usually very inexpensive.

A cheap loan can be found as a good alternative in the form of the "online loan", also known by the term online loan. For many years MAXDA has been brokering online and internet loans on the internet.

These are private loans from selected banks that also specialize in lending to customers with reduced creditworthiness.

Money lending via online loans

Today banks play an important role in the global economy by lending money to businesses, governments and private individuals. For commercial money lending in Germany, every bank needs a special authorization.

The authorization to lend money comes with a number of requirements and conditions that must be met to protect consumers and banks.

If you want to borrow money from a bank, you must be able to demonstrate a certain creditworthiness. Most banks require at least proof of a steady and regular income in order to guarantee repayment of the money.

You will get an especially inexpensive loan if you have a high income and thus provide relatively good security for the lender.

You can also get a cheap loan (money lending) from MAXDA. We broker an inexpensive online loan in cooperation with our selected bank partners.