The term loan request or loan application means the request to a bank or savings bank for a specific loan. To answer this question, the bank collects information about your creditworthiness, even credit calls. The bank sends your request there, reports the process as a loan request, and then receives information as to whether you are a reliable loan customer or whether you have previously had difficulties paying back loans. In this way, the bank checks whether you are creditworthy and whether it grants you the loan.
What is the difference between a loan request and a condition request?
If it forwards a condition request, the lending bank receives the same information as it does for a loan request. The advantage for you as a customer is that it is non-binding and therefore has no negative effects on your creditworthiness. Every condition request is also stored in your files for one year, but it is not visible to third parties.
How to bypass the loan request with our loan comparison
Tips on loan inquiries and loan applications
So that you can avoid the disadvantages of a loan application, we have put together a few tips for you.
Find out about your creditworthiness
Obtain a self-assessment from major credit agencies on a regular basis. Once a year, you have the right to view the data relating to you free of charge and to have incorrect entries corrected. This gives you a good overview of your creditworthiness assessment.
Insist on a condition request
If you have a personal conversation with your bank advisor or with a credit broker, ask him expressly to carry out the request as a condition request. This will avoid the disadvantages of a loan application.
Be careful with loans.
A credit request information is possible. Then a loan is granted without a prior credit check. A loan is interesting for borrowers who would probably not get a loan because of a bad credit rating. But be careful: On the one hand, these loans are associated with extremely high interest rates, and, on the other hand, there are also dubious providers in this field.