Requirements for Applying for a Personal Loan: A Comprehensive Checklist

In order to apply for a personal loan, the following requirements must be met:

• you want to apply for a loan between 2,500 and 75,000 euros
• you are of legal age and act in your own economic interest
• you have your main residence in Germany.
• you are neither self-employed nor freelance (not even as a second applicant)
• you have a German cell phone number for the execution of the digital signature
• you use a smartphone or a computer with a webcam (two separate devices are required for two applicants)

The following also applies to the personal loan immediate option

• your salary account is an individual account in your name (if there are two applicants, two individual accounts or one joint account are required)
• you have your online banking access data ready to hand
• you basically agree to a digital account check

Good to know

• With the classic private loan option, you can also submit your application by post if you don’t want to complete it digitally.