Loan for the Unmarried – You may have come across this offer before. And maybe you have wondered. So far, you have considered such a loan as an ordinary installment loan. This is partially correct.
However, some banks under a loan for unmarried understand a special offer. Problematic, but not all banks mean the same thing. Such a loan could be very interesting for you. Therefore, we would like to inform you here, what can hide behind such an offer.
Loan for the Unmarried: Loan under the Civil Partnership Act
A loan for the unmarried already settles by the name of a loan for spouses. Many banks are trying to close a legal gap with this offer. In fact, there are countless couples in Germany who are actually married. Legally they can not call their partnership marriage. Popularly this is called “home marriage”. The legal term for homosexual connections is “Life Partnership Law”.
Legally, these connections are completely equal to marriage. And here begins the problem for the banks. They must not discriminate in their credit offer. In addition to the loan for married people, you need an additional offer for homosexual couples. They created the loan for the unmarried. Whether this name is chosen so happy, is an open question. If you are interested in such a loan, compare exactly. Does the bank also have a loan for married people? If so, insist on the identical terms.
Loan for unmarried people: Loan for couples without a marriage license
Not all couples want to marry in this day and age. It is enough for them to live happily together. The relationships are very stable in many cases. Some banks want to be aware of this type of partnership. They therefore offer special loans that run under the slogan of Loans for the Unmarried. However, the terms are usually not as good as those for married people. In addition, they vary greatly between the individual financial institutions. Here a general comparison makes great sense for you.
Loan for the Unmarried: Joint Loan from Family Members
An unmarried loan can also mean a joint loan from family members. For example, banks like to see siblings taking such a loan. A classic scenario, however, is that parents and children take out an appropriate loan. The attraction of such a loan is that it can accommodate more than two people. The credit rating of the borrower is better overall. A loan can therefore have even better conditions than a loan for married people.
Loan for unmarried people: common loan for unconnected persons
A loan for unmarried people may also mean a joint loan for unconnected persons. Unconnected means that they are not married and are not family related. For example, friends can take such loans together. Theoretically, these loans are also open to people who are completely alien to each other.
These loans can usually be taken together by a maximum of three people. Most credit providers even apply the limit to two people. Too risky for too many people, the repayment bursts. The terms are also not as good as loans for married or family members. In addition, all borrowers usually have to sign a liability declaration. Everyone must agree to stand for an equal part of the loan amount.
There is scope for liability. If a borrower earns significantly more, he or she may voluntarily be liable for a larger part of the loan.