A loan for 2 people is in relatively high demand. The reasons can be very diverse. There is often a desire to finance larger consumer goods. In many cases, a borrower’s creditworthiness is not sufficient, so it is imperative to find a co-applicant who meets the requirements for lending. If this is not possible, the loan application must be rejected.
Good credit and a steady income
Anyone wishing to take out a loan should have a good credit rating. This would primarily be the case if the Credit Bureau information is in order and the income is sufficiently high. Should a loan for two people be requested, the bank would check the income of both partners with the consequence that the credit rating can improve considerably. This is especially true when a partner’s income is very low or is paid irregularly.
The other partner would have to have a fixed income and an impeccable Credit Bureau information. In the case of a loan for two people, it is essential that the loan contract is signed by both partners. In most cases, this will be the spouse or life partner.
Compare loan offers
Even if many banks grant a loan for 2 people and the conditions are often particularly favorable, it would be absolutely necessary to carry out a comparison before deciding on a loan. The Internet would be particularly suitable for this, where there are numerous comparison portals that are updated daily and equipped with a loan calculator. Such a loan calculator is relatively easy to use and requires very little information.
It will primarily be the desired loan amount, the number of applicants, the amount of the monthly loan installment and the term. Once the right loan for 2 people has been found, it can be applied for around the clock on the Internet. After the application form has been correctly filled in and received by the bank, a credit check is carried out immediately.
It is particularly important that the Credit Bureau information from one or both partners is in order. The income and other requirements are also checked. To do this, it is imperative to send the documents in writing to the bank or to bring them personally to a branch. In the former case, the PostIdent procedure is mandatory.
To do this, both borrowers would have to go to a post office counter of their choice and present their ID together with the credit documents. Once the counter clerk has clearly identified you, you can send the loan application to the bank, where it is finally decided.