The dog is the best friend of man – and is one of the most popular pets. More than eight million dogs live in German households, they are rounded only by the number of pets. In the rarest cases one takes up a loan for the acquisition of a dog. Only with larger projects, such as the entry into the dog breed, an installment loan may be needed. More common, however, is the situation that the dog is injured or the beloved quadruped is ill and incurs considerable veterinary costs. If the pet owner has not prevented through insurance, a loan for a dog or cat is often the only solution.
- When buying a dog, think about the attitude and the costs involved
- Animal liability insurance can be very useful in dogs
- Animal health insurance reduces the cost of lengthy treatments
Credit should be at least a part of the desired sum even at costs that are spent on the dog itself. So you get lower interest rates, a shorter term and lower monthly payments. If possible, it is better to spend a while laying aside sums for the acquisition, husbandry and ancillary costs of the dog – in this way it is clear even in advance, which financial burdens the budget can cope with monthly. Then it depends on the selection of the right financing method.
The credit line – uncomplicated, but disproportionately expensive
Anyone who maintains a current account giro account, such as monthly salary payments, may overdraw the account within a set amount. The so-called credit line can be used without a loan application and flexibly repaid, without any fixed monthly installments. For small amounts, this type of loan is quite convenient, but only if you can repay the loan immediately, because credit lines are highly charged.
Installment credits – also for the dog
If you need a larger amount, perhaps because the dog has suffered a loss, you can rarely repay it quickly. Here we recommend a installment loan. Here, the interest rates for the entire term are fixed, the rates are, based on the maturity, well calculable. Borrowers should only be careful to have the possibility of special repayments or premature repayment of the loan, if financially possible. Installment loans are generally not earmarked loans and can therefore be used to pay for any costs incurred by the dog.
Installment loans are offered by the house bank as well as by direct banks, so the borrower should obtain offers in advance and also use online loan calculators for comparison. The most favorable conditions usually offer online banks, the processing of the loan application is straightforward and the required amount can be paid within a few days.
If an emergency occurs, for example, if the dog requires surgery, the loan can be applied for as an emergency loan. In this case, payment will be made within a period of 48 – 72 hours, provided the applicant’s creditworthiness is good and the required documents are available.
Installment loans, usually already sorted from the cheapest to the most expensive offer. The amount of the monthly installment, the borrowing rate and the annual percentage rate are listed. Details on special repayments and premature repayment should also be easy to determine.
Loan calculator out one reaches usually with a mouse click to the Website of the listed offerers. Here you can now make a non-binding, free request. The required information includes the personal data and the proof of a regular income or other documents relating to the financial situation. An application form is usually completed and sent within a few minutes, the provider responds – at least in direct banks – quickly with a corresponding loan offer. Of course, a Schufa request will be made, but it will remain neutral and will not affect your own scoring.
The potential customer already receives a confirmation or cancellation from the bank. In the case of a positive decision, the applicant must now legitimize himself.
Online banks require legitimacy through the PostIdent or VideoIdent process. In the former, the borrower legitimizes himself at the counter in a branch of the German Post Office by presenting his identity card or passport. VideoIdent processes this process in a video call, and an employee of the verification company checks the ID documents and compares them with the applicant. This fast process requires a high resolution camera and a stable internet connection.
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Finally, the payout
Once the necessary documents have been submitted, the creditworthiness confirmed and the borrower authorized, the desired amount will be paid out very quickly in individual cases. If you are in a hurry because you urgently need money for the dog, you can apply for an instant loan. Here, the payment is often actually within 48 to 72 hours.