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you must be at least 18 years old
- You must have permanent residence in United States
- You are not registered in the RKI / Debtor Register (DBR)

The offers you receive are preliminary offers, which are provided that the information you have entered, are correct.

At the same time, you must sign the loan offer with NemID before the bank can pay out your loan.

The maximum sum of money that you will be able to borrow from a bank will vary based on a number of factors. If you are a salaried employee, your monthly EMI should ideally not exceed 30% of your monthly pay. Also, the bank/NBFC will take into account if you have any existing loans for which you pay EMIs. Individuals who are self-employed will be offered a loan amount as per the profits that are earned through their business. The concerned individual’s other financial liabilities will also be taken into account. The maximum loan amount offered will also depend on the lender’s own terms and conditions.

AIf you have a good credit score, the chances of you being offered the loan at a low interest rate are quite high. Your credit score indicates your creditworthiness and your repayment ability. If you are looking to apply for a personal loan, it is advisable to maintain a credit score that is over 750. Individuals with a very low credit score may be denied a loan altogether, while those with a moderate credit score may be offered a personal loan, but at a high interest rate.

Most banks/financial institutions allow borrowers to choose a loan tenure between 1 year and 5 years, based on their convenience.