Part-payment loan for the self-employed
Installment Loan for self-employed / freelancers MetLoan’s installment loan program for the self-employed and the self-employed is characterized by excellent credit conditions, which are rather uncommon for these groups of the population. Due to the fact that MetLoan acts as a pure Internet institute, this also creates optimal creditworthiness options for these otherwise reluctant potential creditors. Thus, the offer of the installment loan is one of the best that Germany has to offer in this context.
As early as 1998, Honyder bank was set up as a pure Internet institute. Particularly convincing are the advantageous credit conditions, which also apply to self-employed and freelancers. Because the loans are granted at the same level of conditions for all applicants, MetLoan also has a large number of independent clients.
In addition, it benefits from the long-standing experience of MetLoan in granting these installment loans. The installment loan business of Honyder bankk is an offer that hardly needs to shy away from competition and benchmarking in Germany. They are based on duration and are therefore the same for all applicants regardless of their credit rating. The self-employed, in particular, have benefited from this loan as they usually have a small number of loans and a shortage of offers.
Likewise, the repayment modalities of the loans can be made very variable, since at the MetLoan both unscheduled repayments and the complete repayment of the loans are possible. For security purposes, a residual debt insurance can also be taken to protect the loan against unexpected and non-obligated default. For a net loan of EUR 10000 and a period of 60 months, two thirds of all customers of MetLoan receive an annual percentage of 4.14%; the fixed lending rate is 4.06%.
The total value of the loan is thus EUR 066.05.
MetLoan does not measure the credit conditions on the basis of the creditworthiness, so that self-employed persons and freelancers are not confronted with disadvantages with regard to the actual cost of the credit. In order to get a loan, however, sufficient creditworthiness has to be proven. For the self-employed, the MetLoan loan application is also easy and quick to master.
If the check is positive, the loan contract can be closed and the loan can be paid out. As a matter of fact, the loan application is indeed usually quick and uncomplicated. After a first, immediate online pre-approval or evaluation, an individual review of the application is now carried out by the network bank. The approximate duration of the procedure will also be communicated to the applicant.
If this assessment is also satisfactory, the notifying party may initiate the conclusion of the loan with its final commitment, provided that the installment credit of the network bank provides the desired conditions. In this way, the requested capital is transferred within a very short time from the network bank to the specified target account. Yes, a purpose needs to be set for this loan.
However, MetLoan loans are for free use. Therefore, the loan interest can not be changed by the house bank retrospectively. Yes, the accreditation of the applicants will be checked. However, this does not affect the credit or credit costs. Nevertheless, false credit bureau values or even rejecting credit bureau entries are an important factor, why the house bank does not carry out lending.
What kind of information is required for the application for credit? When lending from MetLoan personal information must be provided, as well as issues relating to the economic situation and the profession – in particular to self-employment. Which documents are used for the application and the conclusion of the loan? In addition to a valid identity card passport or identity card, account statements with at least one fee receipt from MetLoan are required.
It must also be shown that self-employment has been practiced for more than 3 years. May the loan be preferred? The loan can also be prepaid or repaid early. But here too, prepayment fees are charged by MetLoan – the fixed deadline (3 months) only has to be observed in very few exceptional cases.
The revocation must be deposited in writing with MetLoan, of course, the credit must also be fully refunded. The loan for the self-employed and self-employed can also be brought forward for which fees are due. On the other hand, the loans made available by the MetLoan can also be used to reschedule or repay existing loans – MetLoan also provides an express purpose for this purpose.