Taking out a loan together: better loan terms through a joint application with your partner

Obtain better loan terms through a joint loan application together with your partner, spouse or other family members.

The decision to buy new interior furnishings or a new car is usually not taken alone. A loan should not be applied for alone either. Not only a spouse but also a life partner can be considered for a joint loan. Applying together only makes sense, however, if both have a regular income. Two borrowers who are employed on permanent contracts increase creditworthiness. It is also important that neither applicant has payment defaults. The second borrower increases the security – and the creditworthiness of the main debtor – in the event of a possible payment default.

By including the partner in the budget, you can obtain a higher loan amount on better terms.

We also advise customers whose loan application was rejected because of insufficient income to apply again with a second borrower. The additional income of the second applicant increases the likelihood that the application will be approved. Right at the start of the application you are asked for the number of borrowers. If you want to take out the loan jointly, this must be stated here. In the course of the enquiry, data are collected from both consumers.

Who can take out a loan, and where?

Not everyone can take out a loan. Certain requirements must be met. First the applicant’s creditworthiness is checked. A credit report is obtained to check whether other debts exist. Good creditworthiness is a prerequisite.

Loans via an online provider such as Mutuo Gruppe.de are often cheaper and have the advantage that they are easy to identify and compare. Enter your desired amount and term online and your interest is calculated immediately. Remember, however, that the amount made available is not the amount you ultimately have to repay. Loan interest must be added. Check different offers and compare the final sum including interest. Interest paid by the borrower to the lender can also be called loan interest. The amount of interest is usually stated as an interest rate, which expresses the interest as a percentage of the loan amount. With a low-cost loan you can now realise your wishes and dreams. Make use of the advantages of our top loan!

Apply for a loan now →

Request a loan → Back to the blog