A loan is usually granted with a term of two to four years. With some special loans, however, it is also possible to get a term of 180 months. Many wishes are costly and cannot be paid out of one’s own pocket. If you choose a loan with a long term, you often want to use it to finance a property, a car or a luxury trip. Not everyone will get this loan, however, so the applicant should find out in advance.
Who gets the special loan application?
Not everyone will get a 180 month loan. Those who have civil servant status, work in the public service or earn very good money will be able to apply for this loan. Creditworthiness also plays an important role. Even if someone has a very high salary, it does not automatically mean that the loan can be drawn.
For example, those who have already taken out a loan or have failed to meet their payment obligations in the past are often rejected by the bank. However, these people can apply for a Swiss loan because Credit Bureau is not checked here. There, only the fixed income and a place of residence in Germany count as security.
Easy repayment possible
A loan with a term of 180 months always means that there is debt for years. It is not uncommon for borrowers to ask about a special repayment. This has to be applied for in advance and enables the loan to be paid off or even repaid faster. This option is not suggested by the bank, the borrower must ask for it directly.
Whoever takes up an inheritance can use the money to repay the loan, for example. The loan with a term of 180 months is ideally suited for real estate financing. Since the house then also has to be furnished, other purchases can be made with the money saved.
How can the best offer be found?
Loan offers almost kill consumers. So it is not always easy to find the best provider to grant the loan. It is therefore advantageous if a credit comparison is carried out on the Internet. In this way, low interest rates, the best conditions and providers can be found at a glance.