A 5000 euro loan is perfect for household purchases. You can have minor repairs carried out, buy major household appliances or organize the move. But quickly the question arises, how do you get a loan for 5000 euros? We have important tips and background information for you. Learn what points you need to consider when taking out a loan.
Used car by credit: For the car realize the financing with 5000 euros
You can use an installment loan of 5000 euros to finance a used car. If you offer the vehicle documents as collateral when applying for the 5000 euro loan, the chances of approval increase. A loan over 5000 euros can also be used as a supplement to the personal contribution.
You can also use a small loan over 5000 euros to finance a new car in combination with additional capital. The security deposit in this case is much higher, the probability of approval from the 5000 euro loan increases. You have the choice to buy a new car or a used car from the loan. Of course, there are various purposes for a 5000 euro loan.
You will need these documents for the loan over 5000 euros
the last three wage slips or income tax statements self-employed need proof of income for the last 2 years
To obtain an installment loan of 5000 euros, you need to prove your creditworthiness and income. Banks usually check the creditworthiness by a query at the Schufa, in the context of the application for the loan over 5000 euros you give your consent for this query. You need to prove your income for the 5000 euro loan by means of wage slips or income tax statements.
In general, for a loan of 5000 euros for employees, banks require proof of receipt of payments for the last three months. Self-employed must provide proof of income for the last two years for the financing of 5000 euros. You must also be able to identify yourself for the purpose of applying for the 5000 euro loan. An identity card or passport in combination with a current registration confirmation are required for the application for the loan over 5000 euros.
Can I apply for a 5000 euro loan without a credit check??
It is usually not possible to get the 5000 euro loan without Schufa query. The banks want to secure and learn how your past payment history was. A favorable loan over 5000 euros is generally associated with a credit query. Credit score should be good, but is not the sole criterion. If there are negative entries in the Schufa, then you should offer collateral or a guarantor for the small loan.