1. Determine rate anonymously
Without registration, submit a free non-binding condition request. You will receive your individual interest rate immediately after confirmation via Mobile.
2. Complete application
Log in and identify yourself online. You do not need printed documents for your application. You can upload your bank statements via your online salary account.
3. Submit application
Print the contracts, sign both documents and drop them in the nearest mailbox. The payment of your loan will be made promptly with the next matching.
That’s how it works advantages conditions Our services repayment
How does the renovation loan from bank work?
With bank you borrow the money directly from the investor. The interest you pay will benefit the people who make the money available to you.
bank itself only receives a small commission to offer you the service for your loan.
Cheap and flexible
We offer you low interest rates and a flexible repayment on your loan.
Anonymous rate determination
Your credit installments will be determined anonymously and without registration for you.
You do not need any documents for your loan.
Immediate condition commitment
You will receive an immediate conditional commitment for your loan.
You do not need more than 10 minutes to contract for your loan.
You can easily identify yourself from home or on the go.
||Borrowing rate *
||Eff. APR *
* The information given here is only an indication by bank. The actual renovation loan interest may differ.
** The commission is dependent on maturity and creditworthiness and is payable once upon payment. These can be found in our price and service specifications.
With your individual credit account, you can keep track of your credit throughout the term. In your login area, you’ll see all the information about your credit, as well as your personal details and information about the investors who have invested in your credit project.
|Condition calculation and loan offer
|Open bank account
|early repayments (once a quarter)
|Reminder costs (in case of default, per reminder)
Interim repayment & early repayment
- The loan is repayable at any time
- Interim repayments can easily be made
- Refund dates without prepayment penalty can be found in the price and service list
What advantages does a bank renovation loan offer me?
bank offers you low interest rates and you can repay your renovation loan flexibly. You will immediately know your individual interest rate and decide whether you want to apply for the renovation loan and register. You do not need to copy and submit us any # # # 3/2 # # bank statements # or salary statements, you just need to log in to your salary account via our interface and easily provide us with your bank statements digitally. Identification and signing can be done from your computer or mobile phone. Thus, you save yourself the way to the post office or to the branch. Only here at bank you can see on our map of Germany who actually receives your paid interest.
Who can apply for a renovation loan from bank?
Only adults who are adults and have a place of residence in Germany can currently apply for a renovation loan. In addition, the borrower must have a mobile phone number and an account with a German bank. A sufficient <# F3 / 2/9 # credit rating #> is a prerequisite for the approval of a loan application.
What can I apply for a renovation loan?
You can freely choose the purpose.
What is the maximum loan amount?
As a private person, you can apply for an amount between 2,500 and a maximum of 25,000 euros. You can choose your desired amount in 100 Euro increments.
What terms can I choose to repay my renovation loan?
You can choose between five different terms. You can repay your renovation loan in 12, 24, 36, 48, or 60 monthly installments.
How can I get my individual interest rate without registering?
You can enter your desired conditions on our homepage. Then enter all the relevant data necessary to calculate your individual interest rate. The prerequisite for actually receiving the interest you have calculated from us is that you enter truthful data. You do not have to tell us your name. All we need is a mobile number from you to tell you your individual interest rate.
Can I take several renovation loans at the same time?
You can take out several renovation loans, provided that your financial situation allows it. Nevertheless, at least 90 days must elapse between individual loan applications.
Who decides whether and on what terms I receive a renovation loan?
We have highly automated risk management. There are also credit experts who make a final decision based on your financial situation. A final commitment can only be made once you have signed and accepted the contract.
Who finances my (e) renovation loan?
Your renovation loan will be awarded by our <# F1 / 1/5 # Service Bank #>. Our service bank can sell your loan receivable to bank Services. This will resell it to the <# F2 / 1/1 # investor #> registered at bank. Investors are individuals and companies who will ultimately co-finance your renovation loan.
What is the brokerage commission for borrowers?
The brokerage commission has already been received in your effective interest rate . You only pay for a successful mediation and only when your loan is paid out. The one-time commission depends on your credit rating and the term of your loan. The current values can be viewed in the price and service specifications.
Can I also invest money as a borrower at bank?
Yes, you can also borrow bank as a borrower <# F2 / 1/1 # #.
I am registered and would like to apply for a renovation loan. What additional information does bank need from me?
bank requires you to have relevant information that is important in calculating your individual interest rate. This mainly includes information on your employment situation, your income, your monthly expenses and your family and wealth situation. To verify your details, you can easily log into your bank’s online banking and provide us with your bank statements digitally. If you do not want this, you will need to upload the bank statements of the last 5 weeks and your last two salary statements in your login area.
Can I contact the bank investors as a borrower?
No, bank shows you through a transparent map of Germany who benefits from your interest paid. A direct contact with the persons behind it is not possible. The protection of personal rights has priority.
Apply for credit
Why do I have to specify my mobile phone number when requesting the condition?
We send to your mobile number a so-called mobile TAN , which you must enter during the condition request. bank confirms the seriousness of your condition inquiry with the Mobile-TAN. In addition, we can make sure that only you can see the conditions for you.
How do I know if my loan application has been approved?
The status of your loan application will be displayed in your personal login area. Here you see z. For example, if we still need missing documents from you. You will also see your planned interest and repayments later in your login area.
What information do I get as a borrower in my login area?
In addition to the status of your loan application and your later-on-the-go renovation loan, you can view all the information you have provided to us, such as: For example, your account records and your personal entries. You will also see how much you have already repaid from your renovation loan and how much you still have to pay. On your personal Germany map you can see who receives your paid interest.
When will the payment of my renovation loan be made?
Before paying, bank will need your <# F3 / 2/5 # signed loan agreement and the signed loan brokerage agreement #>. Both contracts will be provided to you after successful preliminary approval online in your login area and sent by e-mail. You can then digitally sign both contracts. Afterwards our credit experts will check your details. If there are no queries on our part, your loan application will be included in the Germany portfolio for matching . A payment can be made immediately. The renovation loan will be paid to you through our <# F1 / 1/5 # Service Bank #>.
Why do I need two contracts as a borrower?
You conclude a brokerage contract with bank, because as a competent and secure technology service provider, we can fulfill your credit request much faster and more efficiently than others. You can conclude the loan agreement with our <# F1 / 1/5 # Servicebank #>, since in Germany renovation loans may only be granted by banks with a corresponding license .
When do I receive the loan agreement?
bank offers in your login area the <# F3 / 2/5 # contracts #> as PDF document for download and also sends it to your e-mail address. You will receive the contracts as soon as we are able to provisionally approve your renovation loan after having checked your details. Please note that after the download of the contracts the online identification procedure and the digital signature will follow.
How can I identify myself as a borrower?
After automatically creating your <# F3 / 2/5 # contract documents #>, you will be unlocked for the online identification process . You can identify yourself online via the Video-Ident procedure and sign your contracts. All you need is a mobile phone, your ID card or passport and a webcam on your PC or a front camera on your smartphone. If you are unlocked for identification with the new ID card, you do not need a camera.
How is my individual interest rate set?
The credit rating is done in several steps. Within the condition request , your individual interest will be calculated based on your self-reported information on your financial, professional and family situation. Then your details will be validated and adjusted if necessary. This is followed, if necessary, by a manual review of a loan officer.
What is the credit score that bank gives me and what does it mean?
The credit score is a guideline for the bank investors, which is calculated on the basis of a scientifically recognized mathematical-statistical method and thus may deviate in individual cases from the actual life situation.
Can I change the term or the amount for my loan request at a later date?
You can change your desired data in your personal login area until the binding submission of your loan application at any time.
How does the automatic creation of my bank statements with my online banking access work?
All you have to do is log in to your online salary account as usual. With your consent we will automatically create your bank statements. Thus you save yourself the expression and the scanning.
Can I also upload my income and salary statements myself?
If you do not want to use our practical interface to your online banking, you can alternatively upload your documents. Please note that the loan approval process will take much longer in this case as it takes more time to review your records.
Can I take out a residual debt insurance and thus secure myself?
We currently offer no residual debt insurance. Please note that residual debt insurance does not always pay. Please consult an insurance specialist to determine whether it is worth concluding a residual debt insurance.
Do I have to provide collateral for my renovation loan?
As a private individual, you are currently not required to provide any other collateral other than the assignment of wage and salary claims to secure repayment claims.
Which data is reported to the Schufa?
Is my data visible to investors?
No, information about the individual loan claims and the underlying borrowers is always displayed anonymously. Information that our <# F2 / 1/1 # Investors #> can see, such as your username, loan amount, and term, does not allow you to determine your identity. Please note that your username should not allow you to identify your true identity.
Can I submit several loan applications at the same time?
No, as long as your loan application has not been finalized, you can not place any more. Nevertheless, you can receive several renovation loans through bank. However, there must be at least 90 days between applications.
Interest and repayment
How do I transfer my monthly installments?
You conveniently transfer your monthly installments from your account by standing order. If you are unable to pay a rate, we will collect it from your reference account through our service bank using the SEPA direct debit system.
Can I repay my renovation loan early?
You can repay your renovation loan early at any time. Here, a prepayment penalty is due. At certain dates specified in the price and service schedule, you can redeem part of your renovation loan prematurely at no charge. One year after disbursement, you can redeem the entire balance of your renovation loan prematurely at no charge on these dates.
What happens if I can not pay my loan installments on time?
Please contact us immediately if there are any payment difficulties. We will do our best to find a solution together with you. Once a rate is not paid, you will be contacted by us in the first few days. If we do not reach you or do not find a common solution, you will receive a first reminder. This process repeats after the lapse of another 14 days. If the payment arrears are not settled after a repeated reminder, we will terminate your loan agreement in accordance with § 498 BGB with appropriate notice. Thereafter, you will receive an invoice for the outstanding sum including the default interest incurred plus any further damage caused by default. If we do not hear anything from you, we will hand the case over to our debt collection partner company, which will take over all further steps. Please note that we are obliged to notify payment delays to the Schufa .
What does my right of withdrawal look like?
You have the right, after conclusion of the loan agreement, to revoke it within 14 days without giving reasons. A revocation must be sent either by e-mail to Widerruf@bank.com or by letter to Fidor Bank AG c / o bank GmbH, Im Vogelsgesang 1a, 60488 Frankfurt am Main. You will be informed separately in your loan agreement about your right of withdrawal.
||2,500.00 € to 25,000.00 €
||from 1.99% pa *
||12 months to 60 months
* Credit provided. Repr. Example: Eff. Annual interest 4.62%, b. Debit interest 3.70% pa, net loan amount 7.500 €, term 3 years, commission once 1.25% of the net loan amount.