A car loan is a loan that is expressly earmarked and may only be used to finance a new or used car. Particularly clever in this context is a credit comparison, because the cost differences between the individual loan offers can be enormous. But such loans are costly and not suitable for normal earners. How much credit can I get on what income and how much credit can I afford? How much credit is possible for me?
How much credit do I get – building loan (home purchase)
Each house bank has different lump sums for a revenue and expenditure account in order to set a financial framework. When I come to a house bank, I’m going to marital status, children, salary and then I’m told that you would receive from us a loan of X EUR, we assure you. This varies from house to house, each house bank calculated with different lump sums.
Can these be calculated realistically in one place – what loan amount would you receive? Good day Rosi, we have such a tool that tells you in a few steps how many loans you are expected to receive from the house bank. It combines up to 80 credit institutions. If you get a specific quote, all the data will be taken into account and you can count on getting the best conditions.
All individual rules of the credit institutions (eg various lump sums) are observed “in the background”. It’s easy not to go to 80 banks yourself and fill in everything every time.
How much credit do I get? Settlements (Bank, Economics)
1,600 EUR net income means: He needs about 1,000 EUR for his whole year and the base cost of the home. There are still EUR 500 left to cover the loan. I have no idea where you want to go shopping, but we assume a local rent of 9 EUR per square meter. For example, the house bank would charge EUR 4.50 for a rentable area of 70 square meters.
So there are still 70×4,50 = 315 EUR income. We now have a funding of 815 EUR, which should be sufficient for interest and amortization. Because your 20,000 EUR on the transaction fees. In addition there are brokerage fees (about 5%), real estate transfer tax (about 2%) as well as notary and cadastral costs (about 1%) – with a property of 200,000 EUR remain 4,000 EUR “equity”.
Let’s get back to the 815 EUR. Because it has to be considered that the interest rates can rise after 10 years and even then the amortization still has to be guaranteed. The calculated (not the actual) amount is 2.5% plus 1% amortization, ie 3.5% equals EUR 3,500 per EUR 100,000 per year.
A triad: 12 * 815 = 9780 EUR divided by 3,500 EUR / ~ corresponds to a maximum of 280,000 EUR loan. The effort would amount to a maximum of EUR 280,000. From the share capital (assuming 20% and this becomes the low income house bank) it would be at most 80,000 EUR (because 80,000 EUR means 6,400 EUR extra costs, ie 13,600 actual own funds).