What does the term “housewife’s credit” stand for? Who can get a housewife loan? As a rule, it is not a common term used in the banking world, for example because the term credit could be misunderstood for housewives. This form of loan is also not interpreted to mean that it is only granted to “housewives”.
This expression is actually due to the fact that this loan was mainly granted to housewives. What is special about a loan for a housewife? As a rule, it is those who do not have their own salary, but still have the opportunity to get this loan approved if their spouse is in permanent employment and then guarantees the sufficient security of the loan as a guarantor.
Today, the loan for the housewife is also granted to male borrowers who have a lower employment relationship, ie who have a small job. For this reason, the credit for housewives is often referred to as credit for part-time workers. However, this credit transaction has no conditional savings compared to a student loan or a civil servant loan.
You are often at an advantage over other types of loans, especially in terms of interest rate, loan security, duration and total amount of the loan. With the loan for housewives, all of the above-mentioned conditions no longer remain within the limits, there are some restrictions in contrast to a installment loan. What information do you need about a housewife loan?
In the case of a loan for a housewife, the amount of credit in the housewife in the housewife does not usually start at the usual 3000 USD, but can also start from house to house at 500 USD. The maximum amounts for this loan are much lower than for other loans. A credit for housewife, which is over 5000 USD, is quite rare, unless you can keep the conditions to 100 percentage points and above all prove more than sufficient security.
In particular, the limited loan amount has an impact on the loan term, which is usually not more than three years. With the interest rate, a slightly increased risk potential of the house bank must be expected, so that the interest rates are slightly above average. You may have to make additional collateral provisions for this service variant.
If the spouse becomes sick, unemployed or unable to work, the remaining debt from the loan is reimbursed by the health insurance company. However, if the wife or housewife has to pay the loan himself, she is also insured against possible losses with the help of the health insurance company. As a rule, the residual debt insurance is paid when the loan is taken out.
You should inform me about all opportunities and conditions in advance and compare the offers with each other in detail so that you are not caught off guard and find the right loan.