How to get a credit despite loan
In principle, a loan can be taken out in spite of a loan, provided that the sum of the repayment obligations of the new loan and the existing loan is compatible with the disposable income of the loan customer. For this purpose, the bank carries out a household calculation and compares the income less fixed liabilities with the number of family members to be looked after.
The existing loan cannot be kept secret from the new lender because the Credit bureau information contains information about existing loan liabilities. Couples living together unmarried can easily apply for a loan in spite of a loan by the partner who has previously been indebted making the new loan application; a common loan application is usually not required for couples without marriage certificates.
The Swiss loan as an alternative to existing loans
In principle, Swiss banks offer an easy way to apply for a loan despite a loan, since they do not make a Credit bureau request. A prerequisite for a Credit bureau-free loan from Switzerland or Liechtenstein is a relatively high regular income, and the amount of the loan is limited. However, the limit on the amount of credit for Swiss loans is relative, since several loans can be requested from different banks due to the Credit bureau information not being obtained.
A longer term increases the likelihood of credit
Since the absolute level of debt is less important than the monthly debit payments in the credit check of German banks, the chance of a loan can be increased despite the loan by offering the borrower a longer term. If you have more time to pay off your loan, you pay back a smaller amount each month, so that the budget bill is more positive. A longer loan term is often associated with higher interest rates, so that borrowers have to compare the terms of a loan with great care despite a loan with long repayment periods.
A special form of loan application despite existing loan liabilities is the new loan intended to replace the previous loan contracts. With this use, the bank naturally no longer evaluates the creditworthiness based on the loan amount, but rather on the amount of the redemption loan. The prerequisite, however, is that the bank is instructed to transfer the part of the new loan intended for the loan repayment directly to the previous lender, since when it is paid out to the customer, it receives no evidence of the actual purpose.