Framework credit from Best bank in check
You can use the Best bank credit line at any time without any restrictions. Available limits of between $ 2,500 and $ 25,000 are possible. If the credit line has been approved, you can withdraw amounts from 1 $ via the associated online banking.
There are no fees for account management. Interest on effective use of the credit limit only amounts to 5.99% pa.
The loan can be repaid in fixed monthly installments, and special repayments are also possible. In addition, an installment break can be used during which only the accrued interest has to be paid.
Requirements for a credit line with Best bank
You should meet the following requirements so that you can apply for the framework credit:
- You must be at least 18 years old
- Regulated monthly income from an employee relationship
- Or verifiable income as a freelancer
- Workplace and residence are in Germany
- Current account with a German bank
In addition to pensioners and freelancers, freelancers can also apply for Best bank’s framework credit , provided they can provide relevant evidence of regular income. However, this only applies to freelancers without a business registration, all other self-employed cannot apply for the loan.
As an employee you have to submit the last three salary slips, freelancers need the last two tax assessments and as a pensioner the last pension assessment is sufficient.
How do I get the credit line from Best bank
The application for the credit line with Best bank is initially carried out using an online form, which you must fill out. In it you indicate the desired loan amount and the installment model as well as the required information about your financial situation. Your Credit Bureau file will be checked during the application process.
You must submit the signed credit contract by post. You can enclose proof of your income in paper form or you can use the digital income check, which automatically creates a household bill by viewing your salary account. The legitimation of your person can also be done online using Videoident. You can also do this in a post office and submit it together with the loan agreement.
When the contract is concluded, a desired payment amount can be determined directly.
How is the Best bank framework loan repaid?
The Best bank credit line is generally repaid in installments. However, you can largely determine the exact height yourself. The minimum rate is $ 50 plus interest. Special repayments are possible at any time and you also have the option of taking an installment break, during which interest continues to be calculated.
Special repayments can be made at any time by transfer to the master credit account. The monthly installments and interest are automatically debited from your reference account on the 30th of each month. The interest always takes effect from the point in time when the credit line was drawn. The interest payment cannot be suspended.