A loan is rarely given on its own, as a rule there are additional costs, account management fees, etc. if the money is insufficient, the loan is taken up independently. If you want to take out a loan and meet the bank’s budget criteria, the spouse theoretically does not have to provide any information. You alone decide what you want to use the loan amount for. Although I am married, I want to take out the loan on my own.
alone or in pairs?
Everyone who lives in a partnership – whether with or without a marriage certificate – and wants to take out a loan faces the question: Should I sign the loan agreement alone or should I finance it with my partner? As a rule, the following applies: If debtors appear in pairs, you can often get by under more favorable conditions than “lonely warriors”.
From the banking point of view, two applicants have a very simple logic: two borrowers believe that the collateral is doubled compared to just one borrower. In the specific case, this means that there is not only one income, but two as a guarantee for the correct repayment of the funds. From the bank’s point of view, the number of (solvent) applicants increases the chances of repayment on the loaned loan plus the contractually specified interest.
In addition, credit institutions usually reward a lower default risk with an advantageous interest rate. Often even a partner alone receives enough capital to easily get a loan at top conditions. But above all, if the result is “just enough” for a house bank commitment, a second applicant can often be very useful.
Your current salary is not sufficient for a successful credit check by the house bank. By using a parent or a work colleague as another applicant, this phenomenon can usually be solved very quickly. Request a loan now (individually or in pairs) free of charge.
Although marriage alone is recognized – credit claims and advances
However, your concern about the loan is unfounded. Marriage has no influence on whether you can take out a loan on your own or not. In principle, it is still possible for you to take out a loan with a joint account after the wedding. So if you ever want to part with your wife, she has nothing to do with the loan.
In the context of mortgage lending, it is usually the case that both spouses take out the loan and both earnings are included in the calculation. Otherwise, many couples would simply not be able to earn the loan. In the event of a divorce, both spouses are also responsible for the loan. In principle, married couples can also take out a loan themselves.
In reality, this could be like having a shared account. Your wife could take out one or more additional loans and you could do so without difficulty. The credit installments are then charged to the collective account. Your uncertainty is certainly also due to the fact that many credit institutions always want both spouses to sign.
You have to realize that it is of course better for a house bank if both partners ask to repay the loan in connection with a loan. If one partner becomes unemployed or does not pay the loan, the house bank can transfer to the other partner. You are 100% liable if both partners have signed.
So the credit institutions always strive to get the signatures of both spouses. From a legal perspective, you can also take out a loan yourself.