You urgently need a 110000 euro loan? Do you want to renovate your house, buy a new car or overcome another financial challenge? Then find the best offers on your individual 110000 euro loan via our free credit comparison.
Compare now different 110000 Euro loan offers!
Do not worry, this loan comparison is only a condition query, so that no negative effects on your SCHUFA result. The comparison is completely SCHUFA-neutral, and you would make a specific request only through the respective bank.
The 110000 Euro credit as a loan
At Kredit 123, we don't make much of a distinction between a 110000 euro loan and a 110000 euro loan. This is because we usually assume that the borrower chooses a minimum term of 48 months to repay the loan – and a loan with a high loan amount and a minimum term of four years is a loan for us. So we use these terms here synonymously.
Of course, shorter terms of 12, 24 and 36 months are also conceivable, and thus more favorable interest rates would be possible. But then the monthly installments are often so high that you could not afford them on an average income. In general, an already quite high income is one of the most important basic requirements to be able to take out a loan of 105000, 110000 or even 115000 euros at all. But what other requirements are there?
Requirements for the 110000 euro installment loan from the bank
In addition to a regular income as high as possible, which allows an unproblematic repayment of the monthly installments for the 110000 Euro loan, the following points should also be given:
- You are at least 18 years old and therefore of legal age according to German law.
- You are registered in Germany and have your permanent residence in a German city or municipality.
- You have a German current account to which the 110000 Euro loan can be transferred by the bank.
- You have a high SCHUFA score, which is an important factor in the individual credit check.
As a civil servant, employee in the public sector or in a private sector company, you usually do not have major problems with these requirements – especially if your monthly salary is above average. For self-employed individuals and entrepreneurs, however, the situation is different.
Even if you are a freelance doctor, lawyer, engineer or architect, despite being in good standing, it may not be immediately apparent exactly what your financial situation is like. That's because monthly salaries can fluctuate wildly, depending on the order situation, so even if recent bank statements are provided, the income situation can't be immediately clarified. Then usually further documents are necessary.
Other conditions with the 110000 euro loan for self-employed people
As an independent contractor and business owner, you would do well to prepare the following documents for your loan application:
- a business evaluation, also abbreviated BWA called, which you z.B. from your tax advisor can receive
- the last tax assessment from the tax office
- Financial statements, EuR and balance sheets
- further proof of income, which z.B. may come from stock profits or rents
If with the help of these additional documents it can be proven that your economic situation is good enough that you can pay the monthly installments for the 110000 Euro loan without delay, then the chances of getting the 110000 Euro loan for self-employed people are good. In any case, however, an additional inquiry is always made at SCHUFA Holding AG in Wiesbaden, Germany.
Checking your SCHUFA score for the 110000 Euro loan
Every German bank will also check your SCHUFA score with the German credit agency as part of the credit check. This goes back to a lot of data collected about you. The SCHUFA is the central office, which collects relevant data on both individuals and companies, in order to determine the respective payment behavior.
Any payment, no matter how small – even if it is a rather small cell phone bill or leasing installments for notebooks – can affect your SCHUFA score. Ideally, you have never been negatively affected by reminded or even demanded by debt collection or court payments. If you are not sure about your current status with SCHUFA, then you can obtain a corresponding self-disclosure up to once a year.
A so-called 110000 Euro loan without SCHUFA or. SCHUFA query we would not even look for in your place. Because even if you find it with a foreign bank (German ones don't offer such a loan), the fees are likely to be so exorbitant that the loan deal is probably not attractive to you. To your creditworthiness ggfs. to improve, however, collateralization would be a good idea.
Possible collateral for the loan iHv 110000 Euro
It is often the case with such high credit sums that they are used for a specific purpose for a specific project. For example, vehicles are purchased that are financed by a car loan, z.B. a new sports car or even a commercial vehicle. Then this vehicle could be deposited as collateral by motor vehicle Sicherungsubereignung. Or you may want to renovate your condo, in which case you could bring your property in accordingly. Alternatively to the factual loan collateral for the 110000 euro loan there are but also personal.
Personal loan collateral in the 110000 euro loan
With the personal collateral is first of all the guarantee to mention. In this case, a close acquaintance or relative often acts as guarantor. To distinguish are u.a. the deficiency guarantee, the modified deficiency guarantee or also the directly enforceable guarantee. But your spouse or another close person can not only vouch for you, but immediately act as another borrower – this would have a particularly positive effect on your creditworthiness.
This is due to the fact that the second borrower usually has a permanent employment contract and also receives a high income. This once again significantly reduces the risk of loan default for the bank, which allows further leeway to give you the best possible conditions. This means in plain language: favorable interest rates and a considerable saving of money.
Tip: Even as a civil servant you should consider bringing another borrower on board. Then you could make additional ground and get the really best interest rate for your 110000 Euro "Beamtendarlehen.
The 110000 euro credit of private
Of course, it is also possible to obtain a loan iHv 110000 euros from private individuals. So it is for example.B. It is not uncommon to look for private investors when founding a company, as the banks are not really convinced of the viability of an innovative business idea. Perhaps it is the wealthy uncle, who is himself entrepreneurial, and jumps into the breach to transfer you the sum of money.
If you are very lucky then even a 110000 euro loan is granted without interest and proof of income, because the lender trusts you and wants to support you additionally in this way. In any case, make sure that it does not inadvertently become a gift – because then you could be liable for gift taxes. In addition, you should absolutely document everything in detail in a loan agreement, so that everything is correct and no misunderstandings arise.
You can also get a 110000 euro loan from people you don't know. There are also in Germany a few platforms on the Internet, which allow a mediation. However, in the successful mediation case, there are high fees for the platform operator, which you may pay in addition to the usually already considerable interest on the loan. Then you would probably drive with an ordinary installment loan from the bank but better.
Purposes for a 110000 Euro loan
No matter whether you get an installment loan from the bank or receive the sum from a private person – there are countless reasons for a fast 110000 euro loan. In addition to the above use as a home renovation loan or car loan, you may also want to take an exclusive honeymoon with it. Maybe it's a business you finally want to turn into reality, in which case a proper business loan is certainly the right choice, rather than consumer credit.
The 110000 Euro debt rescheduling loan
Or maybe you don't want to spend more money, you want to spend less. This is possible within the framework of the debt rescheduling loan. In doing so, you would take advantage of the fact that you might have to pay significantly lower interest rates for a new loan than for your old loan.
You may even be servicing several loans from the past when your credit rating was not too good. Then you should definitely pull out the calculator and check whether and how much money you could save by the 110000 Euro debt rescheduling loan – an illustrative calculation example can be found here.
By the way, don't be put off by the early repayment interest on a possible unscheduled repayment – even if you pay the compensation, you can still save a lot of money over the years, since even a few per mille can make a big difference in the APR – especially for high loan amounts.
Conclusion to the individual 110000 euro loan
There are many paths that lead to the flexible 110000 euro loan, and we hope we have been able to shed more light on it. Now compare the best offers for free and enter the term you want – the loan comparison will immediately show you the associated monthly rates.
Be realistic and don't overextend yourself on monthly payments – you shouldn't overextend yourself, but you shouldn't under-extend yourself either, or you'll end up paying unnecessarily higher costs for the loan.
Modern banks already offer complete processing online in some cases: The transmission of the important documents, the identity check via video identity procedure and also the conclusion of the contract via qualified electronic signature (QES) take place digitally, so that you can apply for the 110000 euro loan conveniently online – from the sofa in your living room!
In any case, the team at Kredit 123 wishes you to quickly get to your individual 110000 Euro loan at the cheapest APR rate.