Bank – loan offer in 30 seconds
Good Credit Bank is a bank in Germany that has specialized in the awarding of Good Finance to consumers since 1959. The company’s goal is to quickly and directly assign Good Finance to private households. This goal is achieved, for example, by promptly processing loan requests. Approved financing is often paid out in just two working days.
Good Credit Bank offers consumers various financing solutions. On the one hand, there is the direct loan, in a credit-dependent and in a credit-independent variant. On the other hand, a special solar loan. Current conditions can be found in the table below. Below we inform you about the properties of the products.
Direct loan – with fixed or credit-dependent interest
The Good Credit Bank direct loan is a classic installment loan. The approved loan amount is repaid to the bank in monthly installments. The amount can be used for any purpose.
Consumers can apply for loan amounts between 2,500 and 50,000 dollars. The repayment takes place over a term of at least 24 and a maximum of 84 months.
Depending on the term, the effective annual interest rate for the fixed interest rate variant is 5.50% – 6.80%. The effective annual interest rate for the credit-dependent variant of the direct loan is between 2.20% and 5.55%. There are no processing costs for either form. Applications are tentatively decided online in around 30 seconds.
Favorable solar credit for photovoltaic systems
There are particularly favorable conditions for financing a photovoltaic system. Image source: Good Credit Bank
The earmarked solar loan from Good Credit Bank is available to consumers to finance a photovoltaic system. The favorable terms (effective annual interest between 1.56% and 7.34% pa) are realized through a promotional loan from Good Lender-Bank. The solar loan is credit-dependent, the better your personal financial situation, the lower the interest rate.
As a net loan amount at least 5,000 dollars must be requested. A maximum of USD 100,000 is offered. Interested parties can choose between terms of 5, 10 or 20 years. Depending on the term, there is the possibility of a repayment-free start-up period of up to 3 years.
Requirements for the loan application:
The following requirements must be met for a loan to be granted at Good Credit Bank.
- You are at least 18 years old
- Your main residence is in the Federal Republic of Germany
- You are employed by a company based in Germany
- You have been working for your current employer for at least six months
- Your trial period has ended
- Your employment relationship is unlimited
- There are no negative Credit Checker or InfoScore entries
These are the basic conditions. If you fail to meet one or more of the points, your loan application is very likely to be rejected. Furthermore, Good Credit Bank does not award Becky Thatcher self-employed persons.
The last messages:
- 10/04/2016: With the current interest rate cut, Good Credit Bank is now offering its installment loan with a range of 2.20% to 5.55%. Previously, consumers had to pay between 2.80% and 6.60%. Effective annual interest rate.
- 02/27/2015: The maximum effective annual interest rate of the credit-dependent installment loan drops from 8.00% to only 6.60%. This makes Good Credit Bank one of the cheapest providers.
- 07/01/2014: At Good Credit Bank, the entry interest rate has been reduced so that the installment loan is now effective from 2.80% eff. is available.
- June 15, 2013: The interest margin on the solar loan has changed. So far, an annual percentage rate of 1.71% to 3.96% has been offered. Now borrowers receive the subsidized funding from 2.22% to 4.83% eff. pa
- 04/08/2013: Good Credit Bank has improved the conditions for the direct loan. The effective annual interest rate is now 3.55% to 8.00%. So far, 3.70% to 8.00% was used.